I have an EON Visa Debit Card which I acquired from Cagayan
de Oro Union Bank branch which is near my residence. By linking it with my
PayPal account, I find this debit card a handy tool to do online transactions
which are mostly purchases of goods at eBay.
An EON Visa Debit Card in the Philippines is a plastic card that
provides the cardholder electronic access on his bank account at a financial
institution such as bank. It is similar to credit card because it can be used
to buy goods and withdraw cash at ATMs that are linked to interbank network
such as MegaLink and Plus. The difference between a credit card and a debit
card is that the former can purchase goods on credit such as buying TV on
installment while debit card cannot. Charges on debit card are drawn directly from
the cardholder’s savings account for the transactions that he made. In other
words, expenses incurred through debit card are essentially cash transaction.
It would be more practical for people to buy goods that are available
in the local stores than in the internet. But some goods that are not available
locally, and there are others that are not in circulation anymore. Or it may be
that the cost of a brand new item is too prohibitive for a person to buy so
that purchase of conditioned second hand or used items is a good option. eBay
is a venue where a person can buy brand new, used or hard-to-find items of any
kind. The downside of online shopping is that it is riskier than physical
shopping. It will take a long time for the goods to arrive. And there are risks
that the goods may not arrive at all or the goods received are not in
accordance with what was posted in their descriptions in the internet. However,
online shoppers could put their trust on big online establishment such as eBay because
it has security measures to protect its customers from scheming vendors.
Debit card comes in handy when one shops online and he does
not have a credit card. In this connection, Eon Visa Debit Card is a convenient
tool to buy or sell goods at eBay, the biggest online auction and shopping
website in which people and businesses buy and sell broad variety of goods worldwide.
Most online merchants accept payment only through PayPal. And for this reason
it is the world’s most loved way to pay and get paid. And therefore it is also desirable
for one who does online transaction to register and become member of eBay and
PayPal which are sister companies. Membership in them is for free.
Since most online merchants accept payment only through their
PayPal account, it is a good reason for one who transacts business online to be
a member of PayPal. Linking one’s Eon Visa Debit Card with his PayPal account will
facilitate his online transaction since he can receive and send money through
the internet with the use of that card. The linking process is very simple and just
takes a few minutes to finish. He just follows what he is instructed to do and
when he is done he is now ready to do his online shopping at eBay. He must
however be sure that the balance of his savings account is sufficient to cover for
the cost of the purchase taking into consideration the current local currency
and the US dollar exchange rate if the item is from another country. For every
purchase PayPal automatically deducts a payment from one’s bank saving account that is associated with his debit card. He
does not even have to worry to convert his local currency into dollar because
it is PayPal Who will automatically do that online.
Generally, credit card is more acceptable and more convenient
way of making online transaction than the debit card. The advantage of debit
card is that there is no interest on goods that are bought which means that
the purchase is at a lower cost. And one is not likely to buy goods on impulse because
he has to spend only the money that is in his savings account. With a debit card instead of a credit card,
the cardholder is not likely to be burdened with unmanageable debt.
Congrats Sir. I am using my wife's Visa card to do with paypal transactions.
ReplyDeleteMine is a Visa Debit Card.
ReplyDeleteImpressive work...cards are really useful in every type of business, marketing etc. Keep it up great post..!!!!
ReplyDeleteCan I use it to purchase an item online in dollar currency? Thanks
ReplyDelete