The Solo Debit Card was released in 1997 on the 1st of July. The Switch Card Scheme, now with more popularly known as Maestro planned the release of the card on that date. It then became known popularly as the Maestro debit card’s sister. If you plan to purchase goods and services, the Solo card is what you’d use since that’s its main purpose. Right now Solo cards have become quite popular with a total of about 5.3 million in circulation with those of the younger generation who have not met the Maestro card requirements and who have never had a debit card before its number one users.
Similar to the Visa Electron which is its biggest rival, the Solo debit card can only work after electronic verification. There are banks like the Royal Bank of Scotland and NatWest bank which allow the issuance of the Solo card for use as a multi-function card for holders of accounts who are more than 11 years of age, then there are also banks like HSBC that require a higher minimum age for its issuance. Banks actually are more open to issuing this card for their clients because of the fact that there is a required approval for every transaction with his/her accounts needing to be checked and a transaction can only push through once there is enough credit on the client’s account to purchase the item or complete the transaction.
Depositing with Solo
The Solo debit card is processed through the same system that processes the Maestro card The same system used for the Maestro card is also used for the Solo debit card. To ensure that the clients transacting with them are above 18 though, certain vendors take additional measures to tell apart the two cards prior to the transaction.
It is so easy to use the Solo card to purchase stuff online. The moment the card number of the customer is entered for the transaction, it would then be routed to the bank who issued the card to make sure that the client has enough funds for the transaction. Before the transaction will reflect on the customer’s bank account it will usually take two days after the purchase was made. Also, it’s quite easy to withdraw money when using the Solo debit card.
Considering that the Solo Card has the same basic framework as the Maestro card, you can expect the same numerous benefits and tight security features that Maestro cardholders have come to take advantage of when using the Maestro card.
Solo Pros / Cons
One major issue with regard to using the Solo card is that not a lot of merchants both online and not still don’t recognize it, although that’s gradually changing with the drastic increase of adopters. One other issue with you using a debit or credit card for online casino games is that the probability of it getting rejected is quite high. There’s also the issue with casinos unwilling to honor Solo cards considering that a lot of minors have access to it.
Regardless of these perceived issues, there are still a lot of things going for the Solo card that makes it such a viable choice for numerous customers online. One of its major advantages is that you won’t have to worry that you won’t be able to pay for something you bought with the card because the system won’t allow purchases over your account’s available balance. Banks won’t also discriminate and will actually issue this to you regardless of your credit ratings as well as your credit history.
Click to visit Solo official website