Pocket Change Debit Card App Challenges Coin, Google Wallet and PayPal

If you’re familiar with Coin, Google Wallet and PayPal, you might want to pay attention this new challenger.

Pocket Change is a reloadable Visa debit card app linked to the user’s credit card accounts, debit card accounts, and bank accounts, all monitored and controlled through Pocket Change’s smartphone app. What’s cool about this app is that Pocket Change provides family accounts where parents have full-privilege debit cards, and each of the children will have their own sub-cards onto which the parents can transfer money. One application is that a parent can use Pocket Change to assign a chore to a child. The child could then perform the chore and via Pocket Change let the parent know that it is done. Once the parent receives the notification, they can put the money onto the child’s debit card. 

Another application is that users can easily pay out and receive funds from anyone with a debit card or bank account and an email address, Twitter handle or Facebook account. So paying the babysitter when you do not have cash, or to reimburse a friend for your half of the dinner bill is a snap. Plus you can make retail purchases from online vendors. Pocket Change’s security is state-of-the-art. In addition to being able to turn the debit card on or off using the phone app, all online purchases made with Pocket Change are made using a temporary CVV number, assigned at the time of purchase and valid for only 20 minutes. In addition your money and your account are 100 percent insured from loss by Visa, MasterCard, and the FDIC.

There are no fees for any reason. No monthly fees, no fees to load the card, no fees to send and receive money from other users, and no fees when using the card at point-of-purchase when signing the sales receipt (rather than use a PIN).

If you want to compare Pocket Change to Google Wallet, PayPal and COIN, take a look at http://www.pocketchangecard.com/#!compare/c102e.

I should note that Pocket Change is having a crowd funding campaign at the moment. Contributions to the Pocket Change Card crowd funding campaign may be made online, at:www.indiegogo.com/projects/the-pocket-change-card.

 

 

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