Looking for an alternative to your bank’s standard debit card? If so, you’ll want to read this article. With the increasing popularity of digital payment services, there are now several different ways you can manage your money. Simpay is one such service that lets you store cash from your debit card anywhere in the world.
Its ease of use and security features make it a great option for those who spend a fair amount on travel and dining out. Let’s go ahead with Simpay Review and examine the pros and cons of using Simpay as your primary payment method.
What is Simpay?
Simpay is a mobile payment service that allows you to store cash on your debit card. Once you’ve linked your card to your Simpay account, you can access this cash by spending as normal. It’s a great way to travel and dine out without carrying much cash.
Simpay is available in 14 countries, including the UK, Australia, India, Canada, and the US. There’s no need to have a Simpay account if you live in any of these countries – you can use it to refill your debit card just like you would an ordinary debit card.
Pros of using Simpay
If you travel a lot, Simpay can make your trips much more comfortable. You don’t need to carry large amounts of cash – just make sure to withdraw the correct amount from your account. The best way to do this is by setting up a daily direct debit.
This will ensure you never go overdrawn. It’s an added level of security that you never need to worry about leaving a large amount of cash in a hotel safe. This can be particularly useful if you’re traveling with someone else. Let’s say you’re traveling with a significant other and want to split the cost of the hotel stay between the two of you.
With a normal debit card, you’ll need to contact your bank to arrange a joint account. This can be a time-consuming process – Simpay makes it much easier. Simply select the option to split the payment between yourselves.
Cons of using Simpay
There are a couple of drawbacks to using Simpay. First, the process of setting it up can be time-consuming. This is particularly true if you’re trying to link your card to multiple apps. Second, Simpay charges a fee for using their service.
You’ll need to choose which fee you’re willing to pay – Simpay will take a percentage of your spending. You can use Simpay to refill your prepaid phone plan. This has advantages – you can top up your account from anywhere in the world. However, it can be difficult to find a place that accepts Simpay.
How To Use Simpay
If you’re already a Simpay user, this section will help you make the most of the service. If you’ve got a debit card, you can use it to refill your account. Just go to the app or website and follow the instructions. If you don’t have a debit card, you can sign up for Simpay and link your card to your account.
However, you’ll want to be careful of Simpay’s terms and conditions. You’ll need to make sure you have enough money in your account to fund your Simpay account. If you’ve got a prepaid Simpay account, you’ll need to top up your account before you can spend the money.
Complaints, Fees, Rates, Customer Feedback
Simpay Review Based on Rates and Fees
Simpay charges a fee for using their service. This fee is broken down by the amount you spend. For example, if you spend $10, Simpay will take $1 from your account. If you spend $100, Simpay will take $10 from your account.
The table below displays Simpay’s current rates, broken down by the amount you spend. Amount ($) $1 per $ Amount ($) $1 per $ Amount ($) $1 per $ Amount ($) $1 per $ Amount ($) $1 per $ $6 $36 $60 $250 $500 Simpay’s fees are reasonable compared to other payment apps. However, they can add up if you spend a significant amount on your debit card.
If you want to avoid fees, you can use Simpay Select. This premium account type costs $9.99 per month and offers lower fees. You can also avoid Simpay fees by using your credit card. This isn’t recommended, but it does avoid the fees associated with using your debit card.
Simpay Review Based on Complaints and Customer Feedback
There are a couple of things that Simpay customers complain about. One of the biggest complaints is that Simpay doesn’t accept all debit cards. If you’re trying to refill a prepaid mobile phone plan, you may find that Simpay won’t take your card. Another complaint is that the Simpay website doesn’t work properly on all devices.
If you’re using an iPhone, you may find that Simpay’s website has a poor user experience and is difficult to navigate. That being said, Simpay earns very positive reviews from customers. Users report that it’s easy to set up and use and makes traveling much easier.
Conclusion
Simpay is a good choice for people who travel or dine out frequently. If you’re the type of person who always has a large amount of cash in your wallet, Simpay is a good alternative. It’s easy to set up and can save you the hassle of carrying lots of cash.
Remember to check Simpay’s rates and fees before setting up your account. Simpay may not be the best choice if you’re trying to save money. Using your debit card will incur a fee, and you may be able to avoid this by using a credit card.
