First established in 2018, Fin.do is the creation of Lithuania-based company UAB Findo Finansai. Developed as a mobile app-based card-to-card money transfer platform, Fin.do aims to streamline the transfer process, reduce fees, and improve security – a goal that many brand-new transfer services aim for. But when it comes to competing with the bigger players, does Fin.do offer enough? Read on to find out more about this modern approach to card transfer, from how it works to where this platform can be used:
Fin.do is one of the newer generations of money transfer applications. As a mobile-only service, the target audience for the platform is clear. Individuals can quickly, conveniently, and securely send money from their debit or credit card to a recipient’s debit or credit card in seconds, no e-wallet or stored cash required. Fin.do advertises itself as offering instant and secure transfers, using MasterCard for debit, credit, and prepaid cards.
Compared to some of the bigger fish in the pond, Fin.do is relatively low-key and on the smaller end of the scale, but the platform has already received plenty of positive reviews to back up its services. Fin.do is designed for use with domestic and international transfers, making it a particularly versatile option for those who want to use both options. The platform also operates with transparent fees and is fully accessible for both iOS and Android users as of September 2018
Fin.do boasts the ability to complete card-to-card services in over 50 different countries, provided you’re using a MasterCard. This long list of countries comprises European destinations, including the UK, Poland, Italy, France, and more. However, there are a few destinations outside those boundaries that are included. Fin.do also supports all tradable currencies as part of their services, with around 170 included as standard with the app. However, it’s worth noting that popular transfer destinations like most Asia, Australia, and the USA aren’t included in supported countries.
Fin.do is an entirely smartphone-based experience. This means that both you and the person you’re sending the money to need to have the Fin.do app installed on your mobile device to complete the money transfer process. The Fin.do service is entirely card-to-card, so there isn’t the possibility of transferring to a bank account or other payment method. To start the process off, you’ll need to create a Fin.do account – which may require identity verification – and then scan your card or add it manually to your account to start the transfer process.
Once you’ve added your card and done all verification needed, you can then send cash to another verified account within your contact list. You’ll be provided with a definite amount for the final transfer fees, at which point you can confirm and send the money on. Fin.do has a reputation for low costs already, which is significant considering its relative infancy in the money transfer world. Double currency conversion is used for all transfers between different currencies, further bringing down those costs while remaining secure and safe.
There are several benefits to using Fin.do, the first of which is the pure and simple nature of its service. There are no bells and whistles with the Fin.do app. Create an account, transfer the cash, and you’re good to go. If you’re the kind of person that values simplicity with your services, then Fin.do will appeal to those sensibilities. Many online customer reviews have also stated that Fin.do provides excellent customer service, with quick and helpful responses to queries, and a full FAQ on their website to answer a wide range of different questions.
The biggest downside to a service like Fin.do is the limitations of what it can offer its customers. While there are claims that Visa support is on its way, currently, users can only transfer to and from MasterCard – which can be highly limiting depending on your own choice of cards and accounts. Fin.do also doesn’t offer global cover for their services, so if you’re out of Europe or the surrounding area, you’re likely out of luck when it comes to getting full use out of what Fin.do has to offer.
Why should you choose Fin.do for your card-to-card money transfer purposes? As a streamlined and straightforward service, this app does exactly what it says on the tin. No more, no less. So, if your country is supported, and you’re looking for a low-cost transfer service, it might be a viable choice for your specific needs. For users who like more for their money, however, the card-to-card service Fin.do offers can be relatively limited. As always, it’s well worth doing your own research before picking an option that suits you best.
