Solo - A Card or a Way of Life? (Solo Card Services)

Member Name: buster_uk

Product:	Solo Card Services
Date:	02/09/02 (1002 review reads)
Rating:

Advantages: Purchase Items Online

Disadvantages: Not widely accepted by most smaller shops.

The SOLO card is one of the best idea's since sliced bread, corny cliche, i know.
The SOLO card is a DEBIT card, not a CREDIT card.

The SOLO card allows teenagers who are not earning to have a Debit Card, this wonderful contraption does not allow you to get overdrawn because you do not have an overdraft which means you can only spend what is in your account.

The Solo card is accepted widely by many online shops based in the U.K. such as CD-WOW and Amazon UK, but if you want to buy a C.D. or a new 48" T.V. from the states you are likely to encounter problems as many U.S. shops do not accept it.

The Solo card is much more versitile than its main competitor, the VISA Electron, because i've found that SOLO is much more widely accepted than VISA Electron.

The Solo card is also widely accepted in the high street stores, where you see a switch sign you are probably likely to see a SOLO sign too. The SOLO card is accepted by many of the high street stores but not all of them and most of the smaller shops don't accept it but its one of the first of its kind, a card for teenagers, it is likely to encounter problems.

The SOLO card is offered by banks such as Halifax and HSBC where as the VISA Electron is offered by Barclays, both of these debit cards are offered with many student accounts and certain adults accounts.

The SOLO card carries the Cirrus and Maestro logo which means that it can be used abroard to buy goods from shops and to withdraw money from ATM's, but it comes at a price. There are two standard charges, one is the handling/processing fee which is 1.5% of the amount and the other is the exchange rate fee which varies but is between 2-3% of the amount.

The SOLO card gives the teenagers their first taste of debit power. They can order things on the net that they could only do previously with their parents credit/debit cards, much to their parents anger when their bank bill arr
ives 1 week & £400 later and the 3 figure sum is much higher than the 2 figure sum the teenager told their parent's it would be.

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