Solo is a fully electronic debit card which is a convenient way to pay for goods and services. Attached to its sister card, Switch, Solo offers a comprehensive solution to domestic payment needs. Solo provides the customer with top levels of financial control – every transaction is fully authorized so that cardholders only spend the funds which are available in their account at that present moment.
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Where Does Solo Work?
Solo is operational in over 927,000 businesses and service providers around the United Kingdom and this number is growing daily. Major chains and thousands of businesses accept the card and this can be clearly seen from the purple sticker that is displayed in the establishment’s window. Solo also works abroad in places that accept the Maestro card, in order to draw cash and make purchases. Solo can also be used over the internet to make remote purchases at all points of sale that display the Solo logo.
Solo in an extremely convenient way to make purchases and pay for goods, because it wholly reduces the reliance on cash. Due to the 100% guarantee that funds are available in a purchaser’s account, Solo provides financial security and freedom to cardholders who previously never held a payment card.
Card holders can only spend money that is available in their account, or preset overdraft limit. Solo is therefore excellent for younger bankers, or those whose funds are limited. Solo prevents the need to draw cash in order to make a purchase, and controls the amount spent by the amount available in one’s account.
How Does Solo Work?
Solo can be used at specified points of sale, through mail or telephone order and also over the internet. It is also useful when making cashback transactions. Solo cards are swiped through a terminal or placed in a card-reader. Every transaction is sent for authorization and for confirmation that the card has not been lost or stolen. Only once it has been confirmed that enough funds exist in the account, will the transaction be processed. The amount of the transaction is deducted from the cardholder’s account within 2 days.
Solo is a simple way to reduce the reliance on cash and to provide freedom to those who wish to have the convenience of a debit card, without all the hassles of dealing with large financial institutions. Solo is perfect for ‘first timers’.
Posted by CCJ Team