Business & Finance Finance

Find Out The Basics About Remittance Before You Send Money With Credit Card To China

If your relatives are planning to a trip to China like so many people do, it is important that you both work on a plan in case they are stuck without money at some point. Lots can happen during travels across the world, from misplacing money to having it stolen. You should prepare for the worst by giving your relatives a prepaid debit card before they leave. This way, they need only make a call to have you send money with credit card to China, and they can use the card the same day you transfer funds. Find out more about this method before you use it to help your relatives.

You will need to know the currency in this country, as well as the conversion rate, so that you know how much to send in U.S. dollars. It is the yuan, and $1 USD equals about 6.8 yuan, so take this into consideration before you send funds to the card. You should let your relatives know all the options available when you send money with credit card to China. For example, they should know that it can be used like a typical credit or debit card, which means that it can be used online.

Of course, in most large cities in this country, the card can also be used to purchase items at stores. This is especially true if your relatives are staying in or near Beijing or Shanghai, as there are plenty of shopping centers that take cards there. Beijing apm, Plaza 66 in Shanghai, and Super Brand Mall in Shanghai are all major shopping centers at which your relatives could likely use the prepaid debit card. In fact, the world's largest mall when it comes to square footage, New South China Mall, is located in Dongguan, and has many stores that typically take cards.

Your relatives might encounter stores in China that do not take credit or debit cards, in which case they should look for ATMs. Bank of China can be found nearly everywhere, for example, and has ATMs for anyone to use. Your relatives can withdraw cash in the form of the yuan at any cash machine, and can then use it anywhere. Clearly, this means that the prepaid debit card is great whether your relatives need plastic, cash, or online shopping ability. They will likely be grateful, then, when you send money with credit card to China this way.

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