Credit cards Online – prepaid

 

 

 

The advantages of prepaid cards in Italy

Companies operating in the financial and banking sector have long learned, and not only in Italy, to leverage concepts of emotion and practicality to increase their turnover: their most successful products are often linked to the needs of the customer to think about the future, to have everything at hand, but above all to have a comfort that was lacking before.

It is no surprise, therefore, if there was a surge in proposals in the prepaid card sector, and particularly in the last three years or so: in a previous field monopolized by Poste Italiane, today there are about thirty offers for the public, different for access conditions and costs, but all with a single common factor: they serve to keep more or less small amounts of money in what is a virtual purse.

The types of prepaid cards

The types of prepaid cards

Basically we can talk about improper or own prepaid cards:

a “prepaid” disposable card is “improper”: once the credit stored on it (freely decided by the customer) is exhausted, it can no longer be reused.
then there is the prepaid card not linked to the current account (main or secondary that it is) of the customer who purchases it.
a more advanced type can instead be connected to the current account, and by virtue of these characteristics, although it is prepaid like the previous one, it will have higher costs.

The advantages
With these premises, a prepaid card can be used for household expenses, to pay bills, to make purchases online without affecting the current account and without exposing it, for those who fear this kind of events, to possible computer scams in the case of online purchases.

What does the bank benefit from?

What does the bank benefit from?

The opening of prepaid cards is very often offered free of charge by the bank: this serves to entice the customer to approach this kind of products. There are even companies that are completely different from banks, such as Trenitalia or NTV (Italotreno), which offer a free prepaid card to those who register for their loyalty program.

Instead, there are costs to top up a rechargeable card with the amount exhausted, or annual fees for rechargeable cards with more advanced features: it is from these costs that financial institutions earn.

The most interesting prepaid cards available in Italy

Widiba: the top-up offered by the Monte dei Paschi group is part of the Visa Electron circuit, allowing withdrawals up to 250 euros without commissions and a maximum of 10,000 euros of storage. It has an annual fee of 10 euros.

Hype / Hype Plus: two different Banca Sella products, which are the most popular for their generous features. In fact it allows, in the plus version, up to 50,000 euros of annual storage. The withdrawal fees are zero (but only in Italy). In the plus version it allows up to 1000 euros of daily withdrawal. It belongs to the MasterCard circuit.

prepaid credit

Webank Carta Jeans : up to 2500 euros of storage for this card without costs, much loved by students who can also open it as children, provided that one parent acts as guarantor. The only disadvantage is the 0.50 cents in commission on withdrawal.

N26: a slightly more structured product for this German bank that is having success in Italy with a message of great modernity: up to 5000 euros of storage costs are zero, if the stock is higher you pay an annual fee of 34 ,20 euro. In return you get a prepaid card, the possibility of making free transfers and an app with which to manage your account. Withdrawals are free in Italy.

Soldo: available in Personal, Family or Business version, entails for a personal or family use a fee of 2 euros per month, with a cost of 5 euros for a contactless card. The cost becomes zero if you use it in virtual mode, with a card number generated online and usable for a single operation through the dedicated app. The circuit is Mastercard, and the withdrawal costs are equal to 1 euro, with those of reloading from 0.50 euro upwards depending on the amount if the operation is done with a credit card.

 

 

Best 2019 Debt Consolidation Loans, get more cash with our Funding!

Nowadays, more and more families rely on banks or financial agencies to apply for a loan, but how to apply for the best loans in 2019?

In fact, the statistics confirm that, in 2018, the loans requested by the Italians increased by 9.3% and the debt consolidation https://dedebt.com/ by 5.5%. According to ASSOFIN (Italian Consumer Credit and Real Estate Association), the Loans are requested for the purpose of buying used cars (18%). Next, we have funding for new vehicles (16%), home appliances and electronic devices (16%) and for renovations (15%). Another growing data is that for medical and dental expenses (12%), in the top floor, we have the percentages of loans obtaining liquidity to invest in the company (2%) and to finance the study of children (5%).

The latest data emerged, let us deduce that a large part of Italian families, in order to meet expenses, requires a loan.

What are the most requested loans in 2018?

Loans with the most requested purposes are:

  • Loan for used or new car purchases
  • Loan for the purchase of electronic devices
  • Loan for home renovation
  • Loan for medical treatment
  • Loan for marriage
  • Loan for studies

These forms of Loan help the client to get the required amount of money in a short time. Among the quickest loans, the Personal Loan certainly emerges, but it will be much more selective than a Cession of the Fifth.

What will be the best loans in 2019?

The best loans in 2019, due to the rates that will be further facilitated, may be the transfer of the fifth salary or pensioners INPS / INPDAP the assignment of the fifth pension. For the same reason, we also recommend mortgages, which have had a very low-interest rate for some years, to be verified and assessed only by the convenience of a fixed rate compared to a variable rate.

Recently, due to absurd expectations to liquidate TFR, banks have started using the TFS advance product. The advance TFS allows those who had just retired, a faster advance, in fact, it will be the bank itself to anticipate this fund, applying a rate that is usually around 5%.

SME Loan – Finance your business comfortably

Getting loans for SMEs is not as difficult as before. In the current financial market you can obtain financing for small and medium-sized companies , which is much simpler thanks to the emergence of private equity companies and new participatory financing platforms that grant fast and comfortable SME loans.

 

ALL YOU NEED TO KNOW:

  • What are SME loans?
  • Where can I apply for a business loan?
  • General conditions for contracting SME loans
  • Learn 5 tips before asking for a business loan

What are SME loans?

Image result for sme loan

Loans for SMEs are loans that small and medium companies can contract to finance their operations. Although they receive this name, in reality SMEs can get both loans for companies and lines of credit, as well as other financing products designed to cover more specific needs (advances of invoices, discounts of promissory notes, etc).

When the crisis began, the conditions to obtain financing became much more rigid, which translated into a closing of the credit tap by the banking entities. Many companies that needed liquidity saw banks deny them access to money. This meant the closure of many companies and those that managed to survive had to look for alternative sources of financing . Because of this situation, many private equity companies and financing platforms emerged, such as P2P, with which companies obtained the capital they needed.

The variety of offers of this type of financial products is very broad. For this reason, before hiring a loan it is advisable to use a comparator to compare all the options available in the market. In this way, we can get the loan that best suits our needs and economic circumstances.

 

Where can I apply for a business loan?

Mainly, SME loans can be obtained through three different types of entities : banks, private lenders and participatory financing platforms (also called crowdlending platforms). In the first case, it is advisable that we turn to the bank of which we are clients, since they will know the situation of our company and can offer us a loan for SMEs that suits the needs of our business.

On the other hand, if we do not meet the requirements to access loans for small and medium-sized companies of our bank or do not convince us of their products, we can request financing from private equity companies or through crowdlending platforms. Below, we show the main options to which we can access:

  1. Banking entities : it is recommended that our first option is to go to our bank in search of financing. This is because they know our situation and have a track record of our history, which can help us achieve better conditions. In addition, the application and grant process will be faster since the bank will have all our data and we will not have to waste time in paperwork.
  2. Private equity companies: currently, there are several private equity entities that offer fast online loans specific to companies and SMEs. The great advantage of these products is that we can request them comfortably from home, without having to submit huge amounts of paperwork and that do not require us to be customers of the bank.
  3. Crowdlending platforms : through P2P loans, we can get the financing we need without having to physically move to any office and with a totally online process. In these platforms they get in touch: on the one hand, people who want to obtain financing, and on the other, people willing to finance projects to achieve profitability.
  4. Loans from the Ministry / State : if we need large amounts of capital for our company, we can use the financing offered by government entities, such as ENISA or the ICO Lines (Official Credit Lines).

If we are self-employed, we can also request loans for freelancers to finance our business, both in P2P platforms, banks or private equity lenders. It is important that we keep this option in mind as we can get products that provide us with more benefits.

 

General conditions for contracting SME loans

There are many different entities to which we can go in search of a loan for our company, so each of them will require us to comply with certain requirements, which may also vary depending on the type of product we request. Generally, these are the conditions that we will have to meet in most cases:

  • Our company must be registered in Spain.
  • We must have a sufficient annual income . They will ask us to comply with this requirement to make sure that the company has a solvent profile.
  • The company must enjoy a minimum time of seniority . They will ask us this in order to analyze their history and make sure that it is consolidated, normally they are usually at least 12 months.
  • It is important that we are not registered in any delinquency file such as ASNEF or RAI. The company that will finance us will analyze our credit history to verify this.

Fulfilling these requirements, we will not have any problem in accessing the financing we need. However, we must bear in mind that each type of credit for SMEs and freelancers will require certain requirements, depending on the purpose and amount requested. In turn, the level of billing of the company will be another aspect that will be taken into account when granting more or less financing.

 

Learn 5 tips before asking for a business loan

Learn 5 tips before asking for a business loan

When we apply for a loan for SMEs, our goal should not only be to obtain the financing we need, but also to try to obtain it at the best price. To find the loans for SMEs with the best conditions, we recommend doing the following:

  1. Do not wait until the last moment of desperation to apply for funding . We have to start informing us with a margin of time in advance. Thus, we will avoid hasty choices and stay with the first option.
  2. Request financing from several lenders at the same time to be able to compare and have a “b” option when one rejects us.
  3. Always ask for the commissions that they will charge us and for the possible costs of connection, beyond the interest rate.
  4. Propose a realistic payment plan but without being eternalized , since time is the factor that makes a loan more expensive.
  5. Request a binding offer or pre-contract and read it carefully to know what we are committed to and ask again everything we do not understand. Remember that the contract of a loan will condition our economy over the next few years and that I have better informed we are, our actions will be better.

If we follow these tips, we can probably get a good loan for our company. That is, optimal conditions that allow us to perform the actions we have in mind, comfortably and paying as little as possible, in terms of interest.