Send or Receive Money with MoneySend Application
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With the help of MoneySend application of MasterCard, users of iPad as well as iPhone are provided with an opportunity to send as well as receive money taking advantage of their tablet or handset.
Actually, MoneySend works in the U.S. It can be used for everyday payments. It is even possible to pay back a loan with the help of it.
It should be mentioned that the application is available free of charge and it can be downloaded from the iPhone App Store.
In order MoneySend could work, it is necessary to link it to a MasterCard credit, debit or prepaid account from a bank.
In case you want to send money, it will cost you US $0.29 for transfers up to $50. If you need to transfer up to $200, you will pay $0.99. If a user receives money he does not need to pay anything. $2,500 per month is considered to be the maximum amount of money that can be sent.
In fact, the account can be identified according to the mobile phone number. It is protected by a passcode. According to MasterCard, no account information is stored on the iPhone or iPad.
