To give you back even more value, we did a little internal analysis to investigate the top 3 reasons, some of you prefer to get your salaries paid into iCard’s free IBAN accounts.
We even managed to talk to some of you to get information straight from the source.
Here are the top 3 reasons (in no particular order) that make people trust us with their salaries and turn into happy clients:
1. “I trust your services because my money is better protected than I expected”
As a licensed e-money institution, we have to behave differently than banks.
Your money is better protected because we have to keep it separate from our company’s funds, in so-called segregation accounts.
We are also not allowed to trade with your funds – we do not risk with your money and we don’t give out loans with it.
This way your risk is reduced and the money is there for you when you need it.
Bank-grade security also comes as part of the benefits you get.
In order to secure our e-money license, which allows us to provide digital wallet accounts to people in over 30 European countries, we have to pass stringent requirements for secure technological infrastructure and we employ processes and tools to detect suspicious activities and money laundering.
To comply with regulations and keep our PCI-DSS (Payment Card Industry Data Security Standard) certificate, we undergo quarterly audits by external agents and we work with white-hacker to test penetrating our systems.
Our AI and algorithms are totally under our control, we go beyond expectations to make computers work in everyone’s best interest and help us better detect suspicious activities and prevent fraud.
So, rest assured that your money is safe with iCard.
Now, here are some of our digital wallet features that give you even more protection:
2. “I use your app because it helps me spend my money super securely”
We give you a super-rich money app and it appears that the features of choice are those that protect you best.
Some of you were victims of malicious or hacked websites, while others are well aware of the risks of online payments and proactively protect themselves.
What you should do?
Opt to always pay with Virtual cards for safe online shopping, which by the way are the most used feature on iCard.
They were designed with 1 goal in mind – to let you spend online, without sharing your primary account (with all your money), with known and unknown websites and online service providers.
You can freeze your card immediately after a purchase or subscription and rest assured that if the seller website gets hacked, criminals will not gain access to your money.
With your 0.00 EUR/month account for iCard digital wallet, you get 2 free virtual cards.
We prepared another blog article that reveals the 3 dangers associated with online shopping and why it’s best to use virtual cards.
The next best secure way to pay is the “Tap & Pay” mobile payments.
Mobile payments give your money a technological safety layer that is getting more and more attention worldwide.
Opting to use mobile payments means that you consciously opt to never lose your hard-earned cash, which was the case with some of our top fans.
They are cool, they are new, they attract curious eyes, spark conversations and are actually faster than paying with cash.
You can pay contactless with your phone around the world – everywhere Mastercard is accepted.
AND … your fingerprint can be used as one more layer of security and to unlock your digital wallet.
We highly recommend using it to protect your phone and money in iCard!
3. “I love all your free services”
The number one sub-reason, that complements everything else and motivates people to get salaries in iCard, is the free debit card that we ship to your door.
It comes with free postage, no monthly service fees and you can simply leave your other cards at home – before that, just store them in your digital wallet to fund it instantly with a tap.
iCard Visa debit card is accepted worldwide at more than 1.4 Million ATMs and more than 40 Million retailers.
Next up are the free and instant transfers.
People use them for sending money abroad to students, for sending money home to family and for splitting bills.
This is a revolutionary feature for so many people – up until recently, you had no ways of sending money for free.
Multiple free IBAN accounts within one digital wallet come really handy for getting your monthly pay in iCard.
The best use-case for having many accounts is to keep your money separate.
You can get your salary paid to the IBAN that is designated to store your money, not for payments.
Transfering spending money to another IBAN account and connecting a virtual card (or another Visa debit card) lets you stay protected by not using and exposing your primary money keep.
Some people even order additional iCard Visa debit cards for their children’s daily pocket money – they connect it to a free IBAN account and transfer just enough money for the time being, while keeping full control with freeze/unfreeze options and real-time notifications.
We’ve got even more free services that are not top reasons for switching away from your old bank, but they do come handy once people open up their new digital wallets.
For example, storing digital versions of loyalty and discount cards in iCard is a great way to declutter your old wallet, while taking advantage of bonus points and reduced prices every time you shop at your convenient retailers.