Obopay allows parents to add money to their children’s MasterCard

Obopay, Inc., a service that lets customers purchase, pay, and transfer money through any mobile phone, recently presented its new Obopay Family Account. This new account allows parents, who are always anxious about their kids, transfer money to accounts of their children or any member of the family instantly from any mobile phone. 

Obopay Family Account includes Obopay Family Prepaid MasterCard, issued by The Bancorp Bank for any child 13 years old and older. This card can be used in-person, online or by phone in any place, where MasterCard debit cards are accepted. Parents can add money to their child’s card through Obopay's mobile application, text message, mobile Web, or Obopay.com. Additionally they can see how and where children are spending that money. Obopay Family Account made impossible overdraft penalties or different charges damaging parents’ credit. The Obopay Family Account is also a quick and easy way to get someone money that they can use immediately in case of emergency.

The only requirement for opening an Obopay Family Account is just a possession of any mobile phone on any US carrier, no credit checks are required. Obopay Family Account is funded by parents’ bank account, credit or debit. The Obopay Family Prepaid MasterCard that comes with the account is not a credit card, so there are no interest charges on it and no risk to credit score.