Send Money Online International - Ikobo
What’s pity that such popular and great merchant like paypal not works for my country, and forĀ mostĀ other countries, there are just few countries in paypal list which citizens can receive and send money online. There about 30 of them, but what to do if I’m not citizen of those countries, and somebody need to send me some money. I tried to find answer to this question, my first answer was Ikobo.
The Ikobo and how it works, how good it is, is it easy to work….?
I found ikobo as an alternative to paypal. I asked my friend Dan to send me some money in order to start up with Ikobo, he wired 50usd, afterwards ikobo sent me its visa card on my name, with 50$ balance in it. I was so happy, cause I could get rid of Western Unions costly services. In that time, Ikobo used to charge 5$ + 3% for the amount higher than 60usd (they do the same now). I was so pleased with their services they even accepted my inquiry to raise receiving limit from default 500usd up to 2000usd a month. The only one inconvenience with Ikobo was to receive money from non USA countries, they required senders to confirm transfer by specifying visa card symbolic charge, this took 3-4 days while senders bank processed the deal, however this procedure happened only at first time, at next transfers sender could send money without any delay. Ikobo was even better than paypal for me, I could withdraw the funds instantly from any ATM machines supporting Visa cart.
All good things ends some early days, and this happended with Ikobo as well, they issued new rule what allowed users to receive funds only from 3 persons who are defined by the user. It was not OK for me, I had various kind of customers, most of them were just one time.
I’m very in need of Ikobo, I can’t deliver small works anymore to customers due to pointless fee of WU. With Ikobo I could deal with little works too. Customer don’t feel comfortable to pay lets say 20$ by Western Union, he/her prefer fast way to send little amount abroad, with low transfer fee.
I pray that Ikobo get back to theirs old system, and leave this stupid rule, “only 3 senders”. Otherwise they will lose all their customers.
I called iKobo and they told me that they had one person checking for fraud, does anyone know if this is true. If so the criminals must love this site. And who is to say they can protect my credit card information with only one person.
Comment by Marcus Houser — September 27, 2006 @ 8:16 pm
Marcus, I assume iKobo is secury enough, since there are so many frames. Because if you are sending the money first time, they require phone confirmation, besides, you should verify with your credit card company after the transaction done, and once you have it verified the transaction really pass thru.
I was more concerning in inconvinience services of the Ikobo, since they permit only 3 permament sender, and if you sell products or services this rule stops you to sell to more people.
I think paypal is better alternative for online payment, but unfortunetly paypal not works for all countries.
Comment by Zaur — September 27, 2006 @ 8:27 pm