Mastercard Send® Platform | Secure Online Money Transfer (2024)

FAQs

How does Mastercard money send work? ›

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.

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

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'.

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.

It is possible to use a credit card to transfer money into a bank account by using a cash advance or balance transfer check, but we can't recommend it. Cash advances are risky because of the high interest rates and costly one-time fees. Balance transfers can lead to more debt if they're not handled correctly.

Consumers can seamlessly send and receive funds domestically to friends and family typically within seconds¹. Our partners include financial institutions, money transfer operators and merchants².

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.

In addition to the services and products it offers to businesses, Mastercard operates a huge network for facilitating payment transactions, bringing together financial institutions, businesses, and customers.

Most Mastercard credit cards also allow you to obtain cash advances at an ATM. You will 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 Web site.

To enroll with the Zelle^® app, enter your basic contact information, an email address and U.S. mobile number, and a Visa^® or Mastercard^® debit card with a U.S. based account. We do not accept debit cards associated with international deposit accounts or any credit cards.

How to enable Mastercard Send? ›

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.

How to Use MasterCard Send? To use MasterCard Send, users must first sign up for the service. This can typically be done by visiting the MasterCard Send website and creating an account. Once the account is set up, users can link their bank account or card to the service.

Mastercard Send — Mastercard Send transactions have an Interchange rate of 0.20%. These are capped at €0.05 for the UK and Europe.

With Western Union you can send money to a debit Mastercard^® in minutes¹. Track it. Track your money transfer online and know when the money gets there.