No matter what you market, testimonials are the leading factor that convinces people to buy what you sell. In real estate investing, you will end up buying more houses if you present believable testimonials to motivated sellers.
You must get testimonials from all the people you work with - Realtors, motivated sellers, tenants, etc.
So how do you go about getting testimonials and how do you use them?
Never wait long
It is very important that you never wait long to ask for a testimonial. If you wait for a few days, you will be forgotten. The best time is when the excitement is still high, for example as soon as you close a deal.
Get a video testimonial, take pictures
It is very easy to get a testimonial when they have a check in their pocket. You can ask them to write it down. Take their picture if at all possible.
You end up with a hand-written testimonial with a picture. This carries more credibility than a typed testimonial.
Even better, always have a video recorder with you. You can use a smart phone to get a video testimonial.
A video testimonial takes only 2 minutes and are more believable and carry more credibility.
You can also use a voice recorder on your smart phone.
Send a letter and / or email
Send them a letter the same day you close the deal. Send it by email as well.
The letter should be something like this:
Dear Mr. Seller
Thank you so much for allowing us to serve you. It was a pleasure working with you and seeing the deal through to completion.
I was wondering if you could do me a quick favor? Could you write a short testimonial for me? I would really appreciate this as it would help me help more people looking to sell their houses quickly.
Please use the attached piece of paper and return envelope for your testimonial.
Thank you in advance and please let me know if there is anything else I can do for you.
Sincerely,
Your name here
Always include a sheet of paper with the heading "Write your testimonial here". I prefer a yellow paper with the heading written in a red pen. It prompts them to write the testimonial right there and not keep it for later.
Also, include a self-addressed, stamped envelope so they just have to drop it in the mail.
Lots of people will not respond, but most will. Always ask for testimonials. You will get more testimonials if you ask everyone.
Your business will be more successful if you use these testimonials.
How to use testimonials
Testimonials are a big part of your credibility kit. Put them on your real estate investor website. Especially video testimonials.
Take your credibility kit in your car at all times. Show them to your motivated sellers every time you go to see houses.
The result is that you will end up buying more houses.
Monday, February 24, 2014
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There is much made of the fact that a bad credit history can be detrimental when it comes to buying a home. Traditional lenders, like banks, would have us believe we stand no chance, but options do exist. In fact, there are specially-formulated home mortgage loans for people with bad credit histories.
Many of these mortgages are available from online lenders, whose loan packages are more affordable and involve less in the way of fees and even charge interest rates. But perhaps most crucial is the fact that credit scores have no bearing on the application process, thereby ensuring a better approval chance.
For almost everyone, a home mortgage loan is the largest single personal debt they will take on, which explains the nervousness with which many approach them. But there are some secrets to preparing an application that can help to improve the chances of approval.
Be Proactive About Your Credit Score
This is most useful when applying to traditional lenders in particular, who usually place a large significance on the scores when assessing applications and the rate of interest to charge. While it is true that home mortgage loans for people with bad credit are already well structured, improving the credit score just a little can further improve the deal.
The most common proactive step is to take out a small personal loan, repay it without a hitch, raise the score a little and so ensure a better approval chance when it comes to the mortgage. A series of small loans, such as payday loans, means this can be done several times over a set period - perhaps 5 or 6 ,000 loans over 12 months.
With each loan cleared, the credit rating is improved, which in turn improves the terms of a home mortgage loan. However, this tactic does require some time and patience.
Make a Large Down Payment
Making a larger down payment than is necessary send the message that an applicant is serious about taking on such a large debt. The significance of such a move is even more poignant when it comes to home mortgage loans for people with bad credit histories.
The reason is two-fold. Firstly, the size of the mortgage is lowered because a larger share of the purchase price is paid off. A 5% down payment on a property worth 0,000, only reduces the mortgage to 7,500. But a 20% down payment reduces it to 0,000, Unsurprisingly, the result is a much better approval chance.
Secondly, if a down payment of 20% (,000) is made, then the financial discipline needed to save that lump sum cannot be ignored. Lenders are only too happy to grant a home mortgage loan to someone so committed.
Think Outside the Box
Finally, thinking outside the box can result in more creative financing that will drastically improve the strength of the application. Being a person with a bad credit rating does not guarantee approval for a home mortgage loan for people with bad credit.
Creative financing can see the mortgage sum split into individual loans that may not only result in a better approval chance, but in the overall debt being reduced. For example, after a down payment of 10%, the mortgage sum required is 5,000. This could be borrowed through 0,000 mortgage over 30 years, and a ,000 personal loan over 3 years.
While the size of the home mortgage loan is reduced, the personal loan repayments can be lower than the mortgage repayments. So, monthly repayments of 0 will lift the pressure over the first 3 years before the mortgage repayments begin, which may be as high as ,200.
Many of these mortgages are available from online lenders, whose loan packages are more affordable and involve less in the way of fees and even charge interest rates. But perhaps most crucial is the fact that credit scores have no bearing on the application process, thereby ensuring a better approval chance.
For almost everyone, a home mortgage loan is the largest single personal debt they will take on, which explains the nervousness with which many approach them. But there are some secrets to preparing an application that can help to improve the chances of approval.
Be Proactive About Your Credit Score
This is most useful when applying to traditional lenders in particular, who usually place a large significance on the scores when assessing applications and the rate of interest to charge. While it is true that home mortgage loans for people with bad credit are already well structured, improving the credit score just a little can further improve the deal.
The most common proactive step is to take out a small personal loan, repay it without a hitch, raise the score a little and so ensure a better approval chance when it comes to the mortgage. A series of small loans, such as payday loans, means this can be done several times over a set period - perhaps 5 or 6 ,000 loans over 12 months.
With each loan cleared, the credit rating is improved, which in turn improves the terms of a home mortgage loan. However, this tactic does require some time and patience.
Make a Large Down Payment
Making a larger down payment than is necessary send the message that an applicant is serious about taking on such a large debt. The significance of such a move is even more poignant when it comes to home mortgage loans for people with bad credit histories.
The reason is two-fold. Firstly, the size of the mortgage is lowered because a larger share of the purchase price is paid off. A 5% down payment on a property worth 0,000, only reduces the mortgage to 7,500. But a 20% down payment reduces it to 0,000, Unsurprisingly, the result is a much better approval chance.
Secondly, if a down payment of 20% (,000) is made, then the financial discipline needed to save that lump sum cannot be ignored. Lenders are only too happy to grant a home mortgage loan to someone so committed.
Think Outside the Box
Finally, thinking outside the box can result in more creative financing that will drastically improve the strength of the application. Being a person with a bad credit rating does not guarantee approval for a home mortgage loan for people with bad credit.
Creative financing can see the mortgage sum split into individual loans that may not only result in a better approval chance, but in the overall debt being reduced. For example, after a down payment of 10%, the mortgage sum required is 5,000. This could be borrowed through 0,000 mortgage over 30 years, and a ,000 personal loan over 3 years.
While the size of the home mortgage loan is reduced, the personal loan repayments can be lower than the mortgage repayments. So, monthly repayments of 0 will lift the pressure over the first 3 years before the mortgage repayments begin, which may be as high as ,200.
Esources Scam
If you come across articles about esources scam, it is important to note that none of the articles provide anything by way of proof. The detractors make every attempt to pull down the reputation of the site and damage its public image. However, despite their best attempts, they have not been able to dent the reputation of esources one wee bit.
Esources is the largest wholesale directory of verified UK wholesalers, distributors, importers, exporters, dropshippers and manufacturers. They allow their members to browse through their wholesale directory and get in touch with the suppliers and dropshippers of their choice to fill the orders of their customers.
Hundreds of users of esources know by now that the esources scam is nothing but an attempt to tarnish their reputation by those whose nefarious activities have been exposed in the past by esources. It is confirmed beyond doubt that esources is the most trusted resource of verified wholesalers and dropship companies on the web today. They have over 70,000 trade distributors and 3,000 dropshippers on their extensive list, which is growing every month.
Esources scam is a joke because they verify over 3,000 new resources every month and keep the online trading community informed of the many dropship scams and rip offs on the Internet. They are dedicated to protecting the interests of traders and go through a great deal of effort to unearth scams during their earliest stages so their effect is restricted.
Feedbacks from real members of the portal reveal the immense advantages the site provides to the online trading community as compared to any other wholesale directory portal. Middlemen fearing exposure of their acts by esources cry esources scam on every forum just to create doubts in the minds of genuine users of their services.
Esources does not entertain listing requests from wholesalers who refuse to undergo their verification processes. Members are never exposed to dubious suppliers or dropshipper with questionable reputation. That precisely is the reason why the fastest growing portal is attacked by scammers. Esources have even gone to the extent of banning suppliers who do not deliver quality products and services that fail to meet the expectation of their clients. It is eminently clear that the best wholesale directory on the web is heavily in favor of buyers rather than suppliers.
Esources.co.uk scam reports are an attempt to malign the site in the eyes of wholesalers and trade buyers. However, the experience of thousands of satisfied buyers and sellers reveal a diametrically opposite view of the portal. The important role that esources has played in improving their business prospects cannot be denied.
Esources is the largest wholesale directory of verified UK wholesalers, distributors, importers, exporters, dropshippers and manufacturers. They allow their members to browse through their wholesale directory and get in touch with the suppliers and dropshippers of their choice to fill the orders of their customers.
Hundreds of users of esources know by now that the esources scam is nothing but an attempt to tarnish their reputation by those whose nefarious activities have been exposed in the past by esources. It is confirmed beyond doubt that esources is the most trusted resource of verified wholesalers and dropship companies on the web today. They have over 70,000 trade distributors and 3,000 dropshippers on their extensive list, which is growing every month.
Esources scam is a joke because they verify over 3,000 new resources every month and keep the online trading community informed of the many dropship scams and rip offs on the Internet. They are dedicated to protecting the interests of traders and go through a great deal of effort to unearth scams during their earliest stages so their effect is restricted.
Feedbacks from real members of the portal reveal the immense advantages the site provides to the online trading community as compared to any other wholesale directory portal. Middlemen fearing exposure of their acts by esources cry esources scam on every forum just to create doubts in the minds of genuine users of their services.
Esources does not entertain listing requests from wholesalers who refuse to undergo their verification processes. Members are never exposed to dubious suppliers or dropshipper with questionable reputation. That precisely is the reason why the fastest growing portal is attacked by scammers. Esources have even gone to the extent of banning suppliers who do not deliver quality products and services that fail to meet the expectation of their clients. It is eminently clear that the best wholesale directory on the web is heavily in favor of buyers rather than suppliers.
Esources.co.uk scam reports are an attempt to malign the site in the eyes of wholesalers and trade buyers. However, the experience of thousands of satisfied buyers and sellers reveal a diametrically opposite view of the portal. The important role that esources has played in improving their business prospects cannot be denied.
Sunday, February 23, 2014
Renting Shares Exchanges
Renting shares is defined as the process of trading contracts for options through one of a number of different stock exchange programs. Renting shares is conducted through a myriad of different online venues designed specifically for stock brokers rather than on an in-person level such as with traditional stock market trading. Renting shares is also commonly referred to as Options Trading or online options trading. Some people even take renting shares and lump it in together with traditional futures trading, using the term Options Futures instead, but options and futures are two widely distinctive concepts. This means that it would be wrong for anyone to combine them together to create a single term.
There are a total of six different exchanges that can be found within the United States, and each lists available contracts for standardized options based on the various underlying stocks that can be bought or sold. These exchanges include:
- The Philadelphia Stock Exchange or PHLX
- The American Stock Exchange or AMEX
- The New York Stock Exchange or NYSE
- The Chicago Board Options Exchange or CBOE
- The International Securities Exchange or ISE
- The Boston Operations Exchange or BOX
The first four mentioned marketplaces are standard open outcry marketplaces, while the latter two, the ISE and the BOX are electronic markets for renting shares online.
Renting shares can be done through nearly any broker that the trader chooses, but this is only assuming that the broker has a facility to offer for renting shares and options trading. The broker is then the person who is responsible for making sure that the traders can buy and sell their options in any of the aforementioned exchanges.
Options are classified two different ways, call options and put options. Both of these classes can be applied to bull and bear markets equally, and they can also be longed, which means they can be bought as a means of establishing a position, or shorted, which means they can be sold in order to establish a position. Both of these processes lead to what is essentially a limitless combination of different strategies for renting shares that can be performed to help traders profit regardless of what is happening to the stock.
Renting shares on the options market is a great way for successful investors to create a large investment picture using a number of different vehicles. Many successful investors have cited renting shares on the options market to be one of the best possible ways to earn a significant income through trading and investing. This is because trading options and renting shares can create leverage, and with this leverage a small investment can easily become something ten times as large. This can be done by making the same type of move on an underlying stock that would normally be made through traditional stock trading methods. If you are looking for a low risk, high reward type of investment, then renting shares is definitely one of the best ways for you to go.
For more information on Renting Shares and other wealth creation strategies pick up your FREE dvd and e-book from the following web address.
There are a total of six different exchanges that can be found within the United States, and each lists available contracts for standardized options based on the various underlying stocks that can be bought or sold. These exchanges include:
- The Philadelphia Stock Exchange or PHLX
- The American Stock Exchange or AMEX
- The New York Stock Exchange or NYSE
- The Chicago Board Options Exchange or CBOE
- The International Securities Exchange or ISE
- The Boston Operations Exchange or BOX
The first four mentioned marketplaces are standard open outcry marketplaces, while the latter two, the ISE and the BOX are electronic markets for renting shares online.
Renting shares can be done through nearly any broker that the trader chooses, but this is only assuming that the broker has a facility to offer for renting shares and options trading. The broker is then the person who is responsible for making sure that the traders can buy and sell their options in any of the aforementioned exchanges.
Options are classified two different ways, call options and put options. Both of these classes can be applied to bull and bear markets equally, and they can also be longed, which means they can be bought as a means of establishing a position, or shorted, which means they can be sold in order to establish a position. Both of these processes lead to what is essentially a limitless combination of different strategies for renting shares that can be performed to help traders profit regardless of what is happening to the stock.
Renting shares on the options market is a great way for successful investors to create a large investment picture using a number of different vehicles. Many successful investors have cited renting shares on the options market to be one of the best possible ways to earn a significant income through trading and investing. This is because trading options and renting shares can create leverage, and with this leverage a small investment can easily become something ten times as large. This can be done by making the same type of move on an underlying stock that would normally be made through traditional stock trading methods. If you are looking for a low risk, high reward type of investment, then renting shares is definitely one of the best ways for you to go.
For more information on Renting Shares and other wealth creation strategies pick up your FREE dvd and e-book from the following web address.
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With lots of attractive checking account promotions being advertised in the media, this is the very best time for you to open a checking account. If you want to open a new account or have an active account that you are simply not satisfied with, you may wish to check with your present bank or competing banks to see what kinds of new checking account promotions there are. You might be pleasantly surprised at a few of the good deals you'll be able to find and various perks that may be accessible when you open a brand-new account.
Interest Bearing Checking
One type of promotion that you would certainly want to keep watch for is an increase in checking account interest rates. As you might or may not understand, interest earning checking accounts present a terrific approach for acquiring cash tremendously. These types of accounts virtually pay you for having your money in them, so if you're searching for a great way to earn money without having to do any work, this is definitely one promotion that you will wish to think about as long as you meet the criteria for it.
Absolutely no Fee ATM Usage Or Fee Reimbursement
One of the many other checking account promotions which you may come across is the 0 fee ATM usage promotion that numerous financial institutions will often times run. This can wind up saving you a lot of money in ATM fees if you happen to use them a lot. A lot of banking institutions will charge you extra if you make use of an ATM for withdrawing money out of your bank account more than a particular allowed number of times monthly. Usually the amount of ATM withdrawals which they allow before they begin charging you for is very small, in some instances less than 4 instances.
Cash Rewards Checking
An excellent promotion which banks are offering in order to convince people to become customers is cash back checking, which means if you invest a particular amount of money during a 6 month period or a 1 year period, the bank will pay you a percentage of that back in the form of cash. These can come with some strings attached like a minimal number of transactions, so make sure to read the fine-print if you want to open a brand-new account to make the most of the promotion.
Let's take a look at everything you stand to gain. Say you open up a new 3% cash back checking account with your preferred bank and you spend 0 in the first 6 months. At the end of which 6 month period your bank will basically put of the 0 that you spent into your account.
Sign Up Bonuses
Other excellent checking account offers that you might want to watch out for include sign up bonuses, which means the financial institution will instantly deposit so much money into your account whenever you create an account with them. Banking institutions will also offer cash bonuses for establishing certain features for your account for example direct deposit. This means that if you've the choice to set up direct deposit from your company directly into your brand-new account, your bank will reward you with a cash bonus.
Gather Your Options
If you're thinking about receiving the biggest bang on the benefits from opening a brand-new account, then you will desire to check out the many well-known checking account promotions which are going on as we speak. You'll be able to check out various websites and articles for several offers and ways which you'll be able to save money or even earn money when opening a brand-new bank account.
Interest Bearing Checking
One type of promotion that you would certainly want to keep watch for is an increase in checking account interest rates. As you might or may not understand, interest earning checking accounts present a terrific approach for acquiring cash tremendously. These types of accounts virtually pay you for having your money in them, so if you're searching for a great way to earn money without having to do any work, this is definitely one promotion that you will wish to think about as long as you meet the criteria for it.
Absolutely no Fee ATM Usage Or Fee Reimbursement
One of the many other checking account promotions which you may come across is the 0 fee ATM usage promotion that numerous financial institutions will often times run. This can wind up saving you a lot of money in ATM fees if you happen to use them a lot. A lot of banking institutions will charge you extra if you make use of an ATM for withdrawing money out of your bank account more than a particular allowed number of times monthly. Usually the amount of ATM withdrawals which they allow before they begin charging you for is very small, in some instances less than 4 instances.
Cash Rewards Checking
An excellent promotion which banks are offering in order to convince people to become customers is cash back checking, which means if you invest a particular amount of money during a 6 month period or a 1 year period, the bank will pay you a percentage of that back in the form of cash. These can come with some strings attached like a minimal number of transactions, so make sure to read the fine-print if you want to open a brand-new account to make the most of the promotion.
Let's take a look at everything you stand to gain. Say you open up a new 3% cash back checking account with your preferred bank and you spend 0 in the first 6 months. At the end of which 6 month period your bank will basically put of the 0 that you spent into your account.
Sign Up Bonuses
Other excellent checking account offers that you might want to watch out for include sign up bonuses, which means the financial institution will instantly deposit so much money into your account whenever you create an account with them. Banking institutions will also offer cash bonuses for establishing certain features for your account for example direct deposit. This means that if you've the choice to set up direct deposit from your company directly into your brand-new account, your bank will reward you with a cash bonus.
Gather Your Options
If you're thinking about receiving the biggest bang on the benefits from opening a brand-new account, then you will desire to check out the many well-known checking account promotions which are going on as we speak. You'll be able to check out various websites and articles for several offers and ways which you'll be able to save money or even earn money when opening a brand-new bank account.
Saturday, February 22, 2014
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There are many people that are not aware of the fact that there are quite a number of different nurse uniform that are floating around out there. Knowing the many different types and styles can help you in either choosing or buying them for someone you know.
With so many different styles and designs out there to choose from, you may need some advice on where to start. Well, the best place to start with this is to actually ask those above you, or your superiors, what type you will be required to wear. Sometimes you have many choices in what you can wear, but there are quite a few places that have restrictions on things like color, design, and style.
The most common type of nurse outfit are scrubs. Scrubs are the most stylish and comfortable of all types of nurse uniforms. The design of scrubs is to make them both simple and fashionable. They come in many different colors and designs for all types of work. If you plan on being around children mostly, you can find scrubs with childlike designs such as teddy bears, lollipops, and smiley faces.
Another form of nurses uniform are the traditional white dresses. These dresses are not worn as much as they were years ago, but in many places, this is still preferred. The dresses were supposed to be designs to represent status and hygiene.
For men, there may be a choice of a uniform. The main type of uniform is much like a scrub, but usually a navy blue color is preferred. The only different is that the shirt would be a tunic-style. This was something that was developed as a way to prevent any infections. Sometimes there are color accents on these tops to represent a mans professional grade.
There are many places that you can go looking for them. Most of the time you can find some such as lab coats and scrubs in your local department stores or super centers. These places usually carry styles that have childlike designs or are completely plain in different solid colors.
Another place that you can choose to look for them online. Online stores give you many more options than what are available in stores. The great thing about ordering online is that there are usually specials on things like scrubs, no matter what store you decide to buy from. Just think of your specific field that you are in and you will know exactly what category to look for online. Be sure to look at all the stores first before ordering so you will know what each store carries.
When choosing a nurse uniform you just have to be sure of what you want and what you know you can wear. Although many styles may seem great and you may want them, you need to be sure that they are okay to wear in your work setting. Thinking about this ahead of time is a great way to make your search easier.
With so many different styles and designs out there to choose from, you may need some advice on where to start. Well, the best place to start with this is to actually ask those above you, or your superiors, what type you will be required to wear. Sometimes you have many choices in what you can wear, but there are quite a few places that have restrictions on things like color, design, and style.
The most common type of nurse outfit are scrubs. Scrubs are the most stylish and comfortable of all types of nurse uniforms. The design of scrubs is to make them both simple and fashionable. They come in many different colors and designs for all types of work. If you plan on being around children mostly, you can find scrubs with childlike designs such as teddy bears, lollipops, and smiley faces.
Another form of nurses uniform are the traditional white dresses. These dresses are not worn as much as they were years ago, but in many places, this is still preferred. The dresses were supposed to be designs to represent status and hygiene.
For men, there may be a choice of a uniform. The main type of uniform is much like a scrub, but usually a navy blue color is preferred. The only different is that the shirt would be a tunic-style. This was something that was developed as a way to prevent any infections. Sometimes there are color accents on these tops to represent a mans professional grade.
There are many places that you can go looking for them. Most of the time you can find some such as lab coats and scrubs in your local department stores or super centers. These places usually carry styles that have childlike designs or are completely plain in different solid colors.
Another place that you can choose to look for them online. Online stores give you many more options than what are available in stores. The great thing about ordering online is that there are usually specials on things like scrubs, no matter what store you decide to buy from. Just think of your specific field that you are in and you will know exactly what category to look for online. Be sure to look at all the stores first before ordering so you will know what each store carries.
When choosing a nurse uniform you just have to be sure of what you want and what you know you can wear. Although many styles may seem great and you may want them, you need to be sure that they are okay to wear in your work setting. Thinking about this ahead of time is a great way to make your search easier.
Thursday, February 20, 2014
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Visa gift cards are some of the more popular gift cards used today because of their flexibility and ease of use. They can be used anywhere that debit cards are used so they can be used at a variety of retail places, used in online shopping and even used to pay bills. However, they are only useable good as long as there is still a dollar amount remaining in the balance. Luckily, there are many ways to reload your Visa gift card with a larger cash balance once you purchase and activate it.
When you "purchase" a Visa gift card, basically 2 things happen; you get a card assigned to an account number, and you load a balance onto the card for the amount you "purchased" it for. So if you buy a gift card, then it has a balance that can be used once it has been activated (which may require a fee). If you want to continue using the card, once all the balance has been used, then you must recharge it, or add more money to the value of the card. Here are the following ways in which as service provider can allow you to add money to the balance of your account:
Tax Refund
You can have your state and federal tax refund directly deposited into your giftcard balance. Through a service provider's direct deposit service, you can direct the IRS to send the funds there. This also works for most types of government benefit checks as well. Like a bank account, you will need to fill out an application to have this done.
Direct Deposit
You can have your payroll checks directly deposited into your giftcard account. This works similar to having your tax refund deposited. You will need to fill out an application, and it must be accepted (it usually is), before the automatic deposits can occur.
Cash Deposit
You can deposit cash directly onto your Visa giftcard through a few different money transfer type services providers. The 3 most well knows providers that are set up to do this are Money Gram, Western Union and Money Pak. There may be a service charge associated with doing it this way however.
Paypal
Yes, you can use Paypal to add money into your account. You will need to set up your Paypal account to add a new "Bank Account". The "Bank Account" is your giftcard service provider and the individual account number of your giftcard. Once Paypal has made verification of this new account, you can add funds to your giftcard at any tome from your Paypal account.
Check or Money Order
Your giftcard service provider will provide you with an address to send your check or money order in order to add funds to your account. Many providers will offer this service for free yet it takes a bit longer for the funds to get added to the account because it has to go through the postal mail.
Bank Transfer
This method of transfer works very similar to the way you would use Paypal to transfer money into your Visa gift card account for any financial institution that allows for electronic funds transfer. You would need to sign into your financial institutions account and set up a new "online payee" and fill in the information that your gift card service provider would supply you in this case. Once your institution verifies the account, you will be good to go.
Using a Visa gift card is very easy, and it is also easy to add money to the account. This is great for those that get in trouble using credit cards, because in the case of gift cards, you can only purchase whatever value is left on the card. They are also great for allowing parents to support their children who are living away from home. It is a good idea to find out all you can about the uses of gift cards so you can see how they can make your life more convenient.
When you "purchase" a Visa gift card, basically 2 things happen; you get a card assigned to an account number, and you load a balance onto the card for the amount you "purchased" it for. So if you buy a gift card, then it has a balance that can be used once it has been activated (which may require a fee). If you want to continue using the card, once all the balance has been used, then you must recharge it, or add more money to the value of the card. Here are the following ways in which as service provider can allow you to add money to the balance of your account:
Tax Refund
You can have your state and federal tax refund directly deposited into your giftcard balance. Through a service provider's direct deposit service, you can direct the IRS to send the funds there. This also works for most types of government benefit checks as well. Like a bank account, you will need to fill out an application to have this done.
Direct Deposit
You can have your payroll checks directly deposited into your giftcard account. This works similar to having your tax refund deposited. You will need to fill out an application, and it must be accepted (it usually is), before the automatic deposits can occur.
Cash Deposit
You can deposit cash directly onto your Visa giftcard through a few different money transfer type services providers. The 3 most well knows providers that are set up to do this are Money Gram, Western Union and Money Pak. There may be a service charge associated with doing it this way however.
Paypal
Yes, you can use Paypal to add money into your account. You will need to set up your Paypal account to add a new "Bank Account". The "Bank Account" is your giftcard service provider and the individual account number of your giftcard. Once Paypal has made verification of this new account, you can add funds to your giftcard at any tome from your Paypal account.
Check or Money Order
Your giftcard service provider will provide you with an address to send your check or money order in order to add funds to your account. Many providers will offer this service for free yet it takes a bit longer for the funds to get added to the account because it has to go through the postal mail.
Bank Transfer
This method of transfer works very similar to the way you would use Paypal to transfer money into your Visa gift card account for any financial institution that allows for electronic funds transfer. You would need to sign into your financial institutions account and set up a new "online payee" and fill in the information that your gift card service provider would supply you in this case. Once your institution verifies the account, you will be good to go.
Using a Visa gift card is very easy, and it is also easy to add money to the account. This is great for those that get in trouble using credit cards, because in the case of gift cards, you can only purchase whatever value is left on the card. They are also great for allowing parents to support their children who are living away from home. It is a good idea to find out all you can about the uses of gift cards so you can see how they can make your life more convenient.
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