Review on QPay by Adedayo Adeniji
QPAY MASTERCARD A SPECIAL ONE FOR STUDENTS
Qpay is a fee business enterprise that turned into started in 2015 and it turned into first used withinside the Austrian National University, however now QPay is likewise to be had in campuses withinside the US and UK along with Oxford and Cambridge.
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QPay is a pay as you go Mastercard and app tailor-made to students. It gives the capabilities you'll count on from a primary transaction account including bank-stage protection and spending indicators in addition to rewards to advantage students. While QPay does now no longer presently have a banking licence, the founders do plan to end up a challenger bank.
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QPay presently gives the subsequent products:
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QPay app
The app permits you to music your purchases and obtain notifications approximately your transactions and cutting-edge stability. The app additionally gives 24/7 guide and could will let you get admission to your tailor-made rewards.
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QPay pay as you go Mastercard
The QPay Mastercard is a pay as you go card this is everyday everywhere Mastercard is. You also can use it to make tap-and-move purchases under $100. The limits of the cardboard are pretty beneficiant and on par with maximum debit cards, permitting you to keep a most stability of $25,000 on the cardboard and withdraw a most of $2,500 consistent with day from an ATM. You can load the cardboard with cash up to ten instances consistent with day and withdraw coins up to ten instances consistent with day. Just maintain in thoughts the minimal load price is $10 and there's a month-to-month state of no activity rate of $4.forty whilst you have not used the cardboard for 365 days.
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QPay's pay as you go spending card and app provide the subsequent capabilities to students:
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Low cost. QPay does not rate you any charges to keep the account. However, be privy to charges for such things as overseas exchange, poor stability top-up and state of no activity after 12 months.
Convenience. You can use this card everywhere Mastercard is everyday, along with for tap-and-move purchases.
Support. You're capable of obtain guide 24/7 withinside the QPay app ought to you want it.
Track your spending. QPay will ship you indicators concerning your stability and spending, supporting you to music in which you are at.
Rewards. One of the primary capabilities of QPay is the rewards. You can obtain immediate cashback on purchases in addition to tailor-made rewards and reductions for your app.
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Pros
- It is specifically made for students
- It has a bank level security
- It can be universally used both online and onground
Cons
- It has no saving feature
- It is not used in all campuses
