IKobo
Encyclopedia
iKobo is an online payment processor
that also supports credit card
s. iKobo can also be used to send money person-to-person, by means of a prepaid credit card mailed to the recipient. iKobo money transfer
s are funded by an electronic debit from the sender's bank account
or credit card.The recipient of the money transfer is issued a reloadable debit card
that can be used to withdraw funds from ATMs
or make purchases.
iKobo currently sponsor the Sassco.co.uk organisation; specifically, their 11-a-side team which takes part in the WCFL within the Northeast of England.
As of 9/30/2011 transfer funds from a credit card is not available. Only transfers from ACH (bank account) is offered.
Payment processor
A payment processor is a company appointed by a merchant to handle credit card transactions for merchant banks. They are usually broken down into two types: front-end and back-end....
that also supports credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s. iKobo can also be used to send money person-to-person, by means of a prepaid credit card mailed to the recipient. iKobo money transfer
Money transfer
Money transfer generally refers to one of the following cashless modes of payment or payment systems:*Wire transfer, an international expedited bank-to-bank funds transfer*Electronic funds transfer, an umbrella term mostly used for bank card-based payments...
s are funded by an electronic debit from the sender's bank account
Bank account
A Bank account is a financial account recording the financial transactions between the customer and the bank and the resulting financial position of the customer with the bank .-Account types:...
or credit card.The recipient of the money transfer is issued a reloadable debit card
Debit card
A debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
that can be used to withdraw funds from ATMs
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
or make purchases.
iKobo currently sponsor the Sassco.co.uk organisation; specifically, their 11-a-side team which takes part in the WCFL within the Northeast of England.
As of 9/30/2011 transfer funds from a credit card is not available. Only transfers from ACH (bank account) is offered.