Almost everyone has a bank account, right? Not exactly! A study titled The Global Findexreport in 2017 by the World Bank group stated that 1.7 billion people in the world do not have a bank account. That means, there are 9 million Americans without a bank account! If you need to transact with any of them, then the question that arises is how to do it. While transacting with someone who does not have a bank account may seem difficult, there are many options available. Here are some of the options to send money to someone who does not have a bank account.
- Money order
A money order is a way of sending money to someone through the postal service. It is similar to a cheque. The difference is that a cheque is issued against a bank account while a money order is a banker’s cheque that does not require a bank account for the recipient. This is an easy way to send money to someone who does not have a bank account. All you need to do is visit your nearest post office, fill in a money order form and record the details of the recipient, including name and address.
After that, you can pay the money that you want to transfer, along with the post office’s charges, which are usually nominal. In some countries, the post office sends the money order to the recipient and they can get their money in the form of cash from the postman. In the US, you need to send the money order to the other person. That person then visits the post office to collect the cash. The recipient would need to hand over the money order and produce an identity proof after which the cash would be paid.
Apart from post offices, some retail outlets also offer money orders. Even gas stations offer money orders. The procedure is simple – you need to pay the cash with the charges at the outlet. The money order is then given to you. This money order can be sent to the recipient who can get the money order cashed. Money orders are generally processed immediately, and the waiting time is usually a few minutes. They can be cashed on the spot by the recipient fairly quickly.
- Wire transfer
A wire transfer is another way of sending money to someone who does not have a bank account. It is offered by private organizations including Western Union and MoneyGram and it is a very simple way to transfer money. You can either do it online through the website of the agency or visit any of their outlets. You can pay cash, transfer money from your bank account, or use your credit card/debit card. The catch is their charges are more than that of the post office (usually 1%).
Once you transfer the money, the recipient can walk into any of the wire transfer agency’s store locations and collect the cash. They would need to show proof of identity and quote the transaction ID that you have sent. The processing time here is as fast as that of a post office. Once you pay money online or at the outlet, it is immediately transferred to the destination location from where the recipient can pick it up. Waiting times would be a few minutes only.
- Digital Wallet
A digital wallet is like a virtual purse. Just like you fill your purse with cash, you can store money in your digital wallet and then spend it wherever the wallet is accepted. The digital wallet can be easily installed on a mobile phone. Even if someone does not have a bank account, there are e-wallet companies that allow him or her to open an account.
You can transfer money instantly from your wallet to somebody else. All you need to know is their wallet ID. This is the easiest and quickest way to transfer money. Top companies like Google and Amazon offer digital wallet services. A recipient can create an account on the website and use it to transfer money to another recipient, who can use the money to spend online or at any shop/outlet that accepts this e-wallet.
- Prepaid debit cards
Another common way to transfer money to someone who does not have a bank account is by using a prepaid debit card. If the recipient has a prepaid debit card, you can transfer money to their prepaid debit card by using your PayPal account or using one of the many money transfer apps.
You may be charged anywhere from 1.5% to 3% for using this service. Once the money is transferred, the recipient can spend it using his prepaid card for any transaction. They can even use it at an ATM to withdraw cash. Getting a prepaid debit card takes some time. You need to approach a card issuing company that will issue the card after receiving your application. There is no credit check needed and the card can be issued on the same day or in a day or two.
When we compare the options listed above, here are the pros and cons of each of them.
- A money order is the cheapest way of sending money. It takes more time as you need to mail the money order to the other party. An ID Card must be produced to claim the money order.
- A wire transfer is instantaneous and is fast. However, the expenses are slightly more than that of a money order.
- Digital wallets offer the fastest way of sending money. The downside is the recipient does not have cash but must use the digital money to spend online or at retailers who accept them.
- Prepaid debit cards take a day or two to be issued. Once you have a card, loading money is done instantaneously. The downside here is the charges the car issuer levies, which is high.
You should compare the pros and cons of each of these options based on your personal situation before deciding the one that suits you and the recipient.
The internet has set up brands at every corner of the street and getting people to visit yours is a mix of skill and art. The attempts to layout customer roadmaps to your brand which aren’t abandoned are not new and the struggles are the same as before. In fact, the struggle to have your brand heard has piled up as competition keeps emerging and viewer attention span keeps getting fragmented. This has led to a surge in brands using conventional advertisements to highly compress their message to the audience.
This is not the best gameplan to bet on. Ads are perceived by many as intrusive, insincere and housing an ulterior motive. The audience is bombarded with ads from every angle and making it shorter does not really help. Most people don’t react the same way to guest posting.
A guest post is a piece of brand journalism which lives on a publisher’s website. Sponsored posts are an advertorial piece of long-form writing that is created to be highly engaging. They avoid the intrusive and abrupt conventional-approach of ads and indulge in a more respectful and subtle modern-approach for recommending your services or products.
Choosing the right platforms to publish your guest post is crucial as the platform is seen as your partner and representative. Your chosen platform must balance between writing a blog post and a traditional advertisement, stray away from being intrusive and stick with being subtle and respectful. At Global Banking and Finance (GBAF), we offer the opportunity to bank on our decade-long experience and expertise in writing balanced content like this.
How Can Guest Posts on GBAF Help You?
Constantly investing time and effort into writing and publishing on your blog is great for fostering and strengthening your already existing audience relationship but this doesn’t help you reach a new audience.
Guest posting opportunities on our platform gives you access to an untapped audience base. This is a significant advantage in two ways:
- Familiarity: We have built our audience through our authentic, thought-provoking and storytelling writing nature. Our audience is familiar and receptive to this writing style. When we adapt your content in the same format, it allows your content to have better reception compared to traditional ads. Also, your content will adapt to the environment of content which makes it feel natural and less abrupt or intrusive.
- Trust: When a consumer learns about your brand through someone they trust (someone like a renowned brand, friend, some industry authority, etc), they are more likely to trust you, too. Our audience’s trust means a chance for your brand’s voice to be heard. It also means having customers who have completed their journey of brand choice. When they choose you, it will be an additional choice of transition from our platform rather than a new choice of approaching you. They only have to go half-way.
With amplified brand reach and redefined trust, your brand visibility and credibility will be boosted. We also help you boost visibility by leveraging our social media channels which currently have 135k followers and keep growing every day.
Another major area of impact when doing guest posts with GBAF is the focus, delivery and expertise of writing. The audience members will engage with your content much more than they do with your traditional ads. This will increase the chances of convincing the customers who doubt, skepticize and speculate becoming customers of your brand from afar. Writing to deliver your promotion with value-driven content also allows you to plug in a recommendation at a crucial point of the problem with your brand as the solution.
Lastly, value-driven content avoids the intrusive BUY THIS! style of writing. Here, the focus is on communicating your knowledge and therefore allows you to establish yourself as a thought-leader in your niche.
All of these combined benefits act as a catalyst to boost your brand reach, funnel attention to your brand, gain a competitive advantage and knock down all other challenges presented in separating yourself from your competition.
Brand adoption is slow. Abandoning an old familiar brand route for a new one is difficult. People rarely reach out to brands and they sprint the other way if they see brands reach out to them through conventional and dull ads. In such a deadlock scenario guest posts can provide the perfect strategy to bet on.
Why Guest Posting is Your Best Bet
In a scenario where new businesses are popping up everyday, one of the major challenges brands face is that of devising an organic and effective way to get the attention of their target audience. And one of the first solutions that comes to mind is the internet and consecutively, digital marketing. Even though its all-pervasive nature has made it both super-easy to reach people across the globe, the internet also comes with its own set of challenges. In this article, we will discuss the tough-to-crack parts of digital marketing, things that almost every brand representative or marketing executive has to face in the present date.
The oversimplification of digital communication has deceived many brands into believing that it’s the only way to reach their audience. However, the reality is hardly so. Today, there are more platforms and media formats than there have ever been before and newer ones keep emerging everyday. As a result, the netizens have developed a rapidly decreasing attention span. As a result, brands are wrestling to fit their message into as tiny a space as possible in what can only be called conventional methods of advertising.
For many brands, digital marketing proves to be an ordeal that takes years to crack, all the while draining the brand’s potential for more business and/or larger reach. It is worth noting that one of the major challenges that most businesses face is that of people avoiding ads altogether; no matter how good your ad is, chances are that people don’t want to see it, resulting in zero engagement. The second and bigger challenge is that short messages don’t convert those who are unaware of your brand, to brand loyalists. Instead, these ads are likely to affect only those who are already considering buying into what your brand is offering, which might be a small share.
This is where Global Banking & Finance Review (GBAF) comes in. We offer you the opportunity to overcome both the challenges (and more) in one go through our guest post services.
Guest Posts Have An Edge Over Normative Advertisements
Guest posts are advertorial pieces of long-form writing, created with an aim to engage the audience by taking away the impression of normative ads. How? Sponsored posting articles are so designed that they address the audience’s demands or queries, and also offer your brand as a solution instead of point-blank marketing. Consequently, this makes the audience spend a longer time engaging with your brand than they would do with, say, a pop-up ad. Through a guest blog post, your brand has the space to engage in a fair exchange because the article delivers value to your audience rather than being a conventional sales-driven advertisement.
To sum it up, sponsored posts fall right on the sweet spot between a blog post and a traditional advertisement on the spectrum of advertising.
Here’s Why You Should Run Guest Posts on GBAF
At GBAF, our team understands the importance of the environment in which your brand is introduced to an audience, something that leaves a lasting impact on their minds. It goes without saying that this very impression will influence and drive their future decisions on whether they want to engage with your brand and buy what you’re selling. Hence, it is our staff that is usually responsible for writing the posts that go up for your brand on our website. This allows for the sponsored post to merge in seamlessly with the existing content in our website instead of sticking out like a sore thumb. The aim in doing so is to create these posts in a way that does not distract or seem abrupt as guest posts are meant to be adaptive to an existing environment. So, even though it is essentially promoting your brand, a sponsored post is more of a brand journalism piece than an ad.
On our platform, we understand the importance readers attach to authenticity and value. This also allows GBAF to have a firm grip on introducing your brand effectively while simultaneously catering to the audience’s needs. Our team works around the clock to gain our audience’s trust by continually delivering authentic and value-driven content to our readers for more than a decade. When you partner with us, that resource pool is easy to tp into. When a consumer learns about your brand through a reliable source (for instance, someone like a renowned brand, friend, some industry authority, etc), they are more likely to trust you, too.
Why You Need to Take Guest Posting Seriously
When customers are largely in control of marketing conversations, traditional advertisement has lost its touch. How you educate your prospects and out-educate your competitors now win the battle and generate leads.
If you’re the spokesperson of a brand or if it is your job to tell a story that your customers care about, you know how important it is to be generous, to share your ideas on a platform that promotes storytelling, and to position your brand as the most trusted partner for your customers.
The challenge with quick, easy micro-copy is that it fails to make an impact. It’s like a quick-fix that we try to use in everything we do. However, quick-fixes don’t heal a burning pain-point. A thoughtful, easy-to-read, user-friendly guide does.
At Global Banking & Finance Review (GBAF), we help you help your customers. Here’s how.
Guest Posting: How it Works
Guest posting is the art of telling your story to your audience without shoving it down their throats. It’s not an advertisement, but a thought-leadership content piece that educates & promotes your brand to your target audience without interrupting them.
- Our editorial team works your content piece to present your brand on our website
- The sponsored articles adhere to the context, the tone, the voice of your brand and represent it in the way you’d like to portray to your audience
- The content piece is lucidly written and only does one job, i.e. educating your audience
- The piece is long-form of content that allows your target audience to engage with your brand longer (much more than an advertisement)
- It doesn’t distract, interrupt, or intrude the audience
- Sponsored posts are designed and articulated to solve the audience’s pain-point and showcase your brand as a solution-provider
Why Should You Run Guest Posts on GBAF?
GBAF is a platform that garners a community of over 135,000. Here are four reasons for which you should run guest posts on GBAF:
- We help you increase the engagement with your audience: We don’t depend on surveys to understand what your target audience wants. For the last ten years, we have been serving various kinds of readers. And we know them personally. Thus, we know how to place your content to increase engagement.
- We put your audience ahead of the marketing funnel: When you run an ad, you start from scratch. And as a result, the first step is always to start with the beginning of the marketing funnel. When you publish a guest post on our platform, your target audience already begins to trust you since we’ve put years of work in building the community.
- We help you generate leads: An ad is interruptive. When you submit a guest post on GBAF, it teaches instead. And directs the audience to take action. As a result, you generate more leads. In this era of marketing, the brand that educates better, profits more.
- We offer you cost-effective solutions: When you run sponsored articles on GBAF, you’re in charge of your budget. You decide how much you’d like to spend per month. And we support you with cost-effective solutions backed up with the results so that you can calculate your ROI upfront.
How to Submit a Guest Post on GBAF
- Check categories:
- B2B: CSR, Green Tech, AI & Big Data, Ongoing Training for Employees, Manufacturing
- B2C: Travel Destinations, Trends on Buying a Home, Working Remotely, Electronics
- Follow guidelines:
- Format: Word format
- Send at: [email protected] (or use this page to submit a guest post)
- Length: 750 – 1000 words
- Image: We need an image of the author (specifications: width – 800 px. & heigh – 600 px.) with original credits
- Additional requirements:
- Author Bio: Provide an author bio (name, title, affiliation, bio, and contact). You can add a link
- Profile: Give a brief overview of the company, key information about the company, major projects, certifications, and company logo. Please submit the profile in word format
We review your submission and if it adheres to our submission guidelines and quality standards, we will connect with you before publishing the article.
Return to Work Doesn’t Mean Business as Usual When it Comes to Travel and Expense
By Rob Harrison, MD UK & Ireland, SAP Concur The last few months have been an exercise in adaptability for...
Why technology is key to the future of auditing
By Piers Wilson, Head of Product Management at Huntsman Security The Financial Reporting Council (FRC), which is responsible for corporate governance,...
Staff training crucial for SME recovery post-COVID
47% of UK’s top performing SMEs provide regular, formalised training for all staff Despite this, 15% of small businesses report to...
What Is Globalization
What is globalization? Globalization, or inter-connectedness, is the ever-growing process of integration and interaction among countries, individuals, businesses, and even...
What Is Microsoft Teams
Microsoft Teams is an application and web-based collaboration tool that combines chat, videos, online collaboration, document storage, and collaboration with...
What Is Capitalism
What is capitalism? Is it a great economic system or just another economic system that is not so great? Well,...
How To Start A Youtube Channel
How to Start a YouTube Channel For Your Business: Do you have a blog or website? If you do, it’s...
What is URL
A Uniform Resource Locater, colloquially known as a URL, is an identification to a certain web resource, a directory or...
What Is Seo
Search engine optimization, also known as SEO, is the process of increasing the quantity and quality of site traffic from...
How Much Rent Can I Afford.
How much rent is too much to pay? Sometimes, apartment complexes look at an annual income that’s over forty times...