The authorization of a credit card is the process by which the card issuers approve, deny or refer credit card transactions that are presented to them for payment by a merchant. If the transaction is approved, an authorization code will be published. Approval The approval is based on the account statement of the holder. The … Read more
Although it is useful to have an ATM debit card handy, you may face a situation where you need cash from your bank account and you don’t have the card in sight. Fortunately, using the ATM card is not your only option when withdrawing funds from your savings or checking accounts. Give the cashier your … Read more
There are times when paying by check is the only payment option available to meet a requirement. It is also possible that for one reason or another you do not have the money in mind to make the payment. In these cases it is often common to use what is known as a postdated check. … Read more
Banamex is a subsidiary of Citibank, which offers banking services for individuals and businesses that do business in the United States and Mexico. As such, the system of sending money to a Banamex account is no different than any other American bank. Sending money to Banamex is a quick process that does not involve any … Read more
As long as you have the tracking number of a package sent, you will not need the sender’s information to track the progress of the shipment. With a tracking number, you can visit the shipping company’s website and use it to find out when the package was shipped, where it is located, where it has … Read more
MoneyGram does not accept PayPal as a preferred payment option, but there is a simple solution, as long as you have a PayPal debit card. You can usually request and receive a debit card linked to your PayPal account in 4 to 6 business days. If you already have it, you must enter the MasterCard … Read more
Sending money through the mail is not always a good idea. The money can be removed from the envelope (or the letter could disappear altogether). That is why sending money (if you must send it) through small package carriers such as FedEx is safer. The money placed in a package is no different than other … Read more
After you sent a money transfer with Western Union, you find that you have to change the recipient’s name. You can do this while the transfer has not been paid to the original recipient. Gather the following information from the documents you received when you requested the money transfer: the transfer control number, the name … Read more
MoneyGram offers services such as money orders, bill payments, money transfers and has more than 180,000 agents in 190 countries. The company also offers options such as electronic payment, ATM payments and disbursement payments. MoneyGram also offers tracking services if your order has been lost, stolen, damaged or you simply need to verify the information. … Read more
Many of the money transfer companies that are in shopping centers and supermarkets also offer online services. You can use the online services to send money in minutes using your MasterCard or Visa card. However, the bank will treat the operation as a cash advance and add a commission for sending the money. Confirm that … Read more
Western Union money orders are a convenient way to send money to almost anywhere in the world. From time to time a payment order may be lost, damaged, stolen or you can change your mind about sending the payment order. You will then have to follow the money order or receive your refund. It is … Read more
PayPal works as an online payment platform between buyers and sellers of goods and services. Traditionally, the seller can collect a buyer’s payment by sending an invoice via email through Paypal. Then the buyer enters the bank or credit card information in the Paypal payment platform to deposit the payment in the seller’s PayPal account. … Read more
Having a check in the name of the wrong person can cause a lot of trouble. Whether it is a paycheck, reimbursement check or some other form of payment, it is most likely that the desired person will delay receiving their money. If this happens to you, there are several options for correcting the error … Read more
A money order is a type of check or money order written by a third company to a person or company for a certain amount of money. Sometimes, after purchase, you may have to cancel the payment order. Most companies that issue money orders allow you to cancel the transaction before it is charged. However, … Read more
FICA stands for the Federal Insurance Contributions Act. By federal law, each employer is required to withhold a certain portion of an employee’s wages and send it quarterly to the Internal Revenue Service which, in turn, places them in a government trust fund for retirement and insurance health when you retire, also known as Social … Read more
The value of replacement cost or simply replacement value is the amount of what it would cost an individual or company to replace or replace an asset with one equal or similar to market prices. We should not confuse the replacement value with the book value since the latter is the acquisition value of good … Read more
The insurance charge is not a new figure. In fact, it exists hundred of years ago because, with the rise of maritime and land trade, merchants realized that the merchandise was exposed to hundreds of dangers, from robberies to shipwreck. Of course, like all types of insurance, its conception has evolved to become one of … Read more
Transportation insurance is used when transporting goods from one place to another, often internationally. Because the nature of this insurance requires the cooperation of different states or countries, it is very difficult to regulate and standardize. Although policies vary among different countries, insurance companies and shipping types, basic transport insurance can be classified into a … Read more
Your MetLife insurance policy contract contains important information that you need to know. For example, your insurance policy details its costs and how your interest is credited. Without this information, you will have to depend on the limited information you receive in your annual accounts of the statements and premium invoices, but you will not … Read more
Almost all insurers offer life insurance policies. And although each company has particular benefits and requirements, there are certain conditions that are met – by law and by the nature of the insurance – in a global way. Know the specifications of life insurance, when they are paid to the beneficiary and in which cases … Read more
Life insurance pays death benefits to a beneficiary. The main beneficiary is the person who receives your death benefit. A contingent beneficiary is the one who receives the money when your primary beneficiary dies before you. This beneficiary is not necessary for a policy, but you should consider naming one. Importance The contingent beneficiary must … Read more
Withdrawing cash from a life insurance policy is one way in which those who are having financial difficulties can get the money they need. Perhaps you unexpectedly lost your job, want to invest in an investment property or suffered a decrease in your salary and want to use your policy money. Try to get the … Read more
Net premiums and gross premiums are terms used to describe the income an insurance company receives in exchange for the risks it assumes under insurance contracts. Premiums are the amounts that policyholders pay for insurance coverage to protect against financial loss. However, there are differences between gross premiums and net premiums. Commercial Premium Business premiums, … Read more
An insurance company has two options when deciding on the structure and organization of the company. These structures determine how the company will be carried out and can have a dramatic impact on its final success. Each structure of the company has its advantages and limitations. For a consumer, it is useful to know the … Read more
Life insurance policies are sold with death benefits in the range of US $100,000 to the US $10 million. A life policy can accumulate cash value for the insured or simply create benefits available to those who survive it within an agreed period of time. Insurance companies have qualification measures for people asking for the … Read more
Life insurance is a financial product designed to pay off debts that remain after the death of a person. However, if you are trying to acquire life insurance in old age, it can be extremely difficult. This is because at 80, you are nearing the end of your life, and it is difficult for the … Read more
What is Insurance Retention An insurance withholding is the part of an insurance claim paid by the insured rather than by the insurance company. A deductible is a common example of a withholding, although there are other types of withholding. Withholding allow the insured to reduce insurance premiums assuming that part of the risk is … Read more
Insurance and reinsurance offer financial protection to a person or company to protect against risk. Both allow the transfer of a possible loss from one entity to another, in exchange for a financial payment in the form of a premium. Each of these has the function of managing the risk, however, the risk is transferred … Read more
Everyone is exposed to unfavourable events that reduce their pocket. Car accidents, earthquakes, fires and property thefts are just some of the problems that would require the disbursement of large sums of money. This is where insurance and insurers come in. Each of them offers specialized policies – such as auto or home insurance – … Read more
Insurance can have many advantages depending on the type you hire. The most common is known as personal insurance, which includes car, life, owners, disability and health. The biggest advantage of insurance is the benefits that are paid when a claim is necessary. Claims may include damage to a vehicle or house or costs of … Read more