In today’s globalized world people are utilizing global talent to deliver high quality products at low costs. This increased efficiency is creating higher revenues and allowing American companies to be more competitive worldwide. The shift to working with an international labor force has created a need for efficient and affordable methods to transfer money overseas. In response to this need a system of transferring wages internationally using reloadable debit cards has been developed. This system offers US business owners a way to save time and money when paying for services rendered overseas. The money transfer system also uses the latest online safety to infuse confidence into the business.

What is a reloadable debit Card? A debit card provides a user with electronic access to money. This money can be withdrawn in the form of cash at an ATM machine, or used to purchase items at retail locations. A reloadable debit card has the same properties with an added twist. The card is loaded with a specific amount of money via an order made on an online account. Let’s look at the example of preloading a card with 1000 USD. The user can now access the 1000 USD dollars all at once, or in increments as needed. As soon as the money is exhausted, the card can be reloaded online with another sum of money. This type of card is very efficient for making repeated payments to outsourcing partners overseas.

Saving Time: Using a reloadable debit card gives US business owners the ability to make all overseas payments in a matter of seconds. The initial shipping of the card will take between 5-10 business days. However, after the card is received, it can be reloaded online or by phone in less than a minute. Let’s look at an example of how the card works through the specific case of a doctor’s office in California that wants to design a website. To help cut expenses the office decides to find a website designer in India that will design their homepage for one fourth the cost that they would have paid locally. To start the project the card is sent to the designer who is working in Bombay. The card can be loaded with the full amount of payment for the job or a smaller amount that was decided on by both sides. As the project progresses, more money can be added to the card. This system allows for the building of trust between the two partners who are working together. The reloadable debit card allows the doctor’s office the flexibility to send this money instantaneously, 24 hours a day 7 days a week. This flexibility helps eliminate the discomfort of working with people who operate at opposite hours. An added comfort is also enjoyed by the recipient of the funds who can pick up the money instantly at one of the 1.5 million ATMs worldwide.

Saving Money: Another benefit of using a reloadable debit card to pay your outsourcing partners is the low cost involved in sending money. The price for making a money transfer overseas is a flat rate of 5 USD per transfer. Comparably, large banks such as Bank of America, charge a minimum of 45 USD for sending money via an online wire transfer. Choosing to draft a check in a foreign currency can cost between 25-50 USD. If you choose to send a check in USD most overseas partners will decline the offer, due to the high fee they must pay for international check processing.

Safety: Ensuring that your money is sent in the most secure way available is another integral component to sending money overseas. When using a service that provides reloadable debit cards it is critical that the provider you choose uses the most advanced security technologies available. A good indicator of safety is that all your banking sensitive information is being stored in a secure manner using the Secure Socket Layer (SSL) protocol, and then stored on 100% secure servers. This can be checked for by looking at the company’s website address. If the address starts with https instead of http, the website is using SSL technology.

Using a reloadable debit card is a smart decision when looking for a way to pay overseas outsourcing partners.

Oded Porat is a writer who strives to inform people of the safest, easiest and most affordable ways to conduct business online. To learn more about how you can make a money transfer to an overseas partner check out the www.atmcash.com.