What are the drawbacks of using offline means for money transfer?

Offline vs. online payment processing, many money transfers are done through online payment methods now. But everyone remembers the good old days when the money transaction was done using cash or other valuable items.

Surely, most people use cash and also offline payment widely. If you want to send money to Philippines or any other part of the world, you will find online money transfers very helpful. Surely most people use cash and also offline payment widely.

There are many advantages and disadvantages to both of these payment methods. We will discuss the drawbacks of the offline means of sending money.


The difference between online and offline payment methods

Many of us already know the difference between the two payment methods that we have for money transfer to Philippines and other parts of the world. The offline methods use cash or other valuable items to make this transaction and payment as simple as it sounds. But on the other hand, the online method doesn’t involve any physical money while making such payments.


Disadvantages of offline payment processing:

There are disadvantages of sending money through offline means and also makes the user go for an online money transfer to the Philippines or other countries.

Following are those few drawbacks of this:

– The offline method is limited by most factors by distance and acceptance of the other party

– It is not safe at all. the party on getting end will get to check and recheck the received payment

– Not recommended for this transaction of the large amount


Offline debit

Unlike online money transfers to Philippines, offline debit payments don’t involve PINs. Credit card companies mostly issue offline debit cards through their participating banks. The cards might be used everywhere credit cards are accepted, including the internet.

Customers who pick to make offline debit purchases must hand over their cards to check the physical world. Merchants swipe these cards through their payment terminals and complete the sales for debit, and the same way, they process the credit card transactions.

The customers then sign sales drafts that authorize the merchants to charge the accounts.

Over the web, customers enter check card info into the browser-based forms, just like they would for credit card purchases.

The data is encrypted, captured by the transaction processors, and sent to the credit card processing networks. Because the check card transactions are processed using the same networks as credit cards, they mostly incur the same discount rates and fees.


If your business is already equipped to process credit card transactions, you must process offline debit payments.


Make the choice

If you are going to make remit to the Philippines you must make a clear choice of this case. Both forms of debit acceptance allow merchants to offer payment flexibility to the customers, which may capture impulse buying and improve customer loyalty. But PIN-based debit transactions offer the added benefit.

– The option to give cashback to customers that increases store traffic

– The fast way to move the shoppers using the checkout line

– Virtual elimination of chargeback and fraud

– Higher transaction approval rates

– Potential for the additional revenues from surcharges


The benefits are very clear; hence using the smallest investment, you can use the online transaction to move your money around. If you want to send money to Philippines online or offline, you must know that online transactions will help you gain benefits.

Plus, you will get funds from approved transactions quickly and securely. The most important thing, in this case, is that you may move your money around and also be blessed with the perks of technology.