Intertops is offering their own Interpay debit card. I just signed up for it, and then decided to read the fine print.
There is a 4% fee for loading the card, and a $2.95 fee per month to carry the card and have an account open?
There seems to be two purposes of this card.
1) Those who want to use a credit card and are having their transactions declined at Intertops may not have their transactions declined loading this card. (The only way to load this card seems to be using a credit card, and withdrawals from Intertops)
2) This card makes withdrawals easier. Rather than waiting for a check, one can use it at an ATM.
If **** international is allowing debit cards attached to online merchants this is interesting. If they are using an overseas bank from Antiqua, which it looks like they are, there is nothing the US can do about this in the near future. However in the long run they could somehow get banks in the US to block these transactions at the ATM machines but this seems to be aways off.
Not sure if it is worth getting this card with the fees. Probably won't use it to load, just to withdraw.
There is a 4% fee for loading the card, and a $2.95 fee per month to carry the card and have an account open?
There seems to be two purposes of this card.
1) Those who want to use a credit card and are having their transactions declined at Intertops may not have their transactions declined loading this card. (The only way to load this card seems to be using a credit card, and withdrawals from Intertops)
2) This card makes withdrawals easier. Rather than waiting for a check, one can use it at an ATM.
If **** international is allowing debit cards attached to online merchants this is interesting. If they are using an overseas bank from Antiqua, which it looks like they are, there is nothing the US can do about this in the near future. However in the long run they could somehow get banks in the US to block these transactions at the ATM machines but this seems to be aways off.
Not sure if it is worth getting this card with the fees. Probably won't use it to load, just to withdraw.
