Mastercard Send™ - Platform for You to Transfer Money Online (2024)

FAQs

What is the Mastercard money send program? ›

Mastercard MoneySend Payments enable fast and secure domestic and cross-border transfers to your Mastercard customers using their card details.

Mastercard Send enables Transaction Originators to send funds directly to a consumer's bank account within seconds1 using the debit card number associated with that account. Step 1: Sender initiates P2P transaction to Transaction Originator.

Mastercard Send™ - Platform for You to Transfer Money Online.

Can You e-Transfer From a Credit Card? You can't make an e-Transfer from a traditional credit card. However, some prepaid cards, such as KOHO, do allow you to send e-Transfers. With prepaid cards, you can only spend what you've loaded.

Mastercard Send does not charge a transfer fee for its services as it provides payment management services rather than executing money transfers. The card-issuing banks (also called card issuers or issuers) apply their own proprietary fees for these transactions.

The Mastercard® Send™ platform and services facilitate funds transfers and are intended for use by specific types of customer, see Participants. Mastercard Send enables payments and funding via a transaction type called 'MoneySend'.

Most Mastercard credit cards also allow you to obtain cash advances at an ATM. You'll need a Personal Identification Number (PIN) to withdraw cash. You can find your issuer's contact information on the back of your Mastercard and on your billing statement, or you can visit the issuer's website.

Real-time P2P and account-to-account transfers

Generally, within seconds, Mastercard Send facilitates the transfer of cash balances and P2P payments to the consumer's bank account via their debit card, making outdated registration and validation methods obsolete and improving the user experience.

A fake email or text will likely be from a different address and have wording that is different from that of a legitimate message. It will also likely have spelling errors. Another red flag that you're receiving a fake e-transfer is that the funds are being sent from a company.

Can Mastercard be used for online transactions? ›

Your Mastercard is stored in Click to Pay, so you can shop without reaching for your card or having to type in payment details. Whether on your smartphone, tablet or PC, just look for the Click to Pay icon when checking out online where Mastercard is accepted.

The Mastercard® Send™ platform and services facilitate funds transfers and are intended for use by specific types of customer, see Participants. Mastercard Send enables payments and funding via a transaction type called 'MoneySend'.

This approach enables rapid and secure transactions, bypassing slower traditional banking methods. Pros and Cons: The advantages of Mastercard Send include its real-time transaction capability, flexibility in payment delivery, and the security and reliability backed by Mastercard.

There are no monthly limits. The minimum transfer amount is $1. The limit per transaction is USD 5,000 and applies to both domestic and international money transfers.