Tarjeta para jóvenes menores de edad

Giving a card for your child? Here are your options

If you use less and less cash and you pay everything with a card or from the mobile phone, why do you think your children are settle for carrying coins and bills? They are 100% digital and, increasingly, claim their autonomy. Therefore, the question is clear: Which type of card should I give my children

There is no need to fear the financial freedom of the youngest members of the family. (Let’s recognize, even if they are between 14 and 17 years old they will continue to be “the little ones of the house”). Sooner or later they will have to face reality, make decisions and be part of the “adult world,” with pros and cons. So, why not start as soon as possible? At least as far as their finances are concerned.

It’s over to ask you for your card to buy online the last expansions of a game. Your child is old enough to have his first card to spend the money freely.

In addition, they may need a card to deal with situations such as a trip with the school, an exchange abroad or simply leisure activities.

Cards for teens

From the moment we receive the first piggy bank, we already learn to manage our money. It is true that each person learns at a different rate, however, do you not think it is better to let them make mistakes under your supervision than when they are alone and independent? Especially if we talk about its economy.

Cards for teens are the ideal solution since it allows children to control their own money and, at the same time, for parents to monitor spending and advise them. Teach your children to control their expenses! Regardless of the card chosen, it is important to teach them the importance of a good financial education.

Currently you can find different types of cards for young people. Know them below.

Types of cards for your children

Bitsa Young Tarjeta para jóvenes

INSTAGRAM : @bitsa_card

1. Debit card

This option implies open a bank account, with a debit card, through youth accounts offered by some financial institutions. A boring process due to the administrative procedure that entails with tens pages full of conditions and small prints. Authorization is required from parents or legal guardians, who can always access the account and control expenses. When they will turn 18… bye!

2. Additional card from your bank account

Your bank may allow you to have an additional card for a minor. However, the main problem with these types of products is that your child will have access to all the money deposited in that account. Caution!

3. Credit Card

Currently, no bank allows a minor to have credit. In any case, the young person could have a credit card if parents request an additional card linked to theirs. At no time child can be owners. You know what this type of card entails. Credit capital = debts. Danger!

4. Prepaid Card without bank account

The safest option. Why? Because it is not associated with a bank account (therefore, goodbye to paperwork, maintenance and permanence expenses). Everything under control! Many prepaid cards allow you to control yourself from the App, such as Bitsa Young card. In this way, your children can comfortably manage their money, prior parental authorization. Whether they are traveling and need to buy something, if they want to pay a digital content, or as if they want to buy the snack at the shopping center, youngsters can already enjoy their economic freedom. Even request more money from parents in case of unforeseen events!

So, returning to the main question (which type of card should I give my children?) The answer is clear: a card that gives them more freedom and you more peace of mind, safe and comfortable.

Estudiar en Instagram aprender

Instagram to learn? It’s possible!

Who said it wasn’t possible to learn something from Instagram? Here we bring 4 instagram accounts to help you pass your exams. Or, at least, for learning something new every day in these four subjects: History, Mathematics, English and Chemistry.

Believe it or not, coming across these posts in your feed  each day will help you learn or refresh some knowledge in a few seconds. Don’t you think it’s worth it? Check out!

History

A funny account full of memes. If you want to understand the history memes, you’ll probably have to do some previous researches.

Leaving ideologies aside, this account joke about the history while spreading knowledge.

 

Ver esta publicación en Instagram

 

In Roman mythology, Romulus and Remus are twin brothers, whose story tells the events that led to the founding of the city of Rome and the Roman Kingd Romulus and Remus were born one of the ancient Latin cities near the future site of Rome. Their mother, Rhea Silvia the daughter of the former king, Numitor, who had been displaced by his brother Amulius. Through their mother, the twins were descended from Greek and Latin nobility. Seeing them as a possible threat to his rule, King Amulius ordered them to be killed and they were abandoned on the bank of the river Tiber to die. They were saved by the god Tiberinus, Father of the River, and survived with the care of others, at the site of what would eventually become Rome. In the most well-known episode, the twins were suckled by a she-wolf, in a cave now known as the Lupercal. Eventually, they were adopted by Faustulus, a shepherd. They grew up tending flocks, unaware of their true identities. Over time, they became natural leaders and attracted a company of supporters from the community. When they were young adults, they became involved in a dispute between supporters of Numitor and Amulius. Remus was taken prisoner and brought to the city of Alba Longa. Both his grandfather and the king suspected his true identity. Romulus, meanwhile, organized an effort to free his brother. During this time they learned of their past and joined forces with their grandfather to restore him to the throne. Amulius was killed and Numitor was reinstated as king of Alba. The twins set out to build a city of their own. Arriving back in the area of the seven hills, they disagreed about the hill upon which to build. Romulus preferred the Palatine Hill, above the Lupercal; Remus preferred the Aventine Hill. When they could not resolve the dispute, they agreed to seek the gods’ approval through a contest of augury. Remus first saw 6 auspicious birds but soon afterward, Romulus saw 12, and claimed to have won divine approval. The new dispute furthered the contention between them. In the aftermath, Remus was killed either by Romulus or by one of his supporters. • • • • • ➡️ Follow @educational.history.memes — #historymemes

Una publicación compartida de History Memes (@educational.history.memes) el

Maths

This math teacher collects in this account curiosities, humor, riddles and much more. Exercise your mind!

 

Ver esta publicación en Instagram

 

Una publicación compartida de Math Memes (@miss_mathmemes) el

Chemistry

This is really chemistry and not your crush (it had to be said, and it was said!). Who said science was boring?

 

Ver esta publicación en Instagram

 

Una publicación compartida de its all about chemistry (@chemistry_revision) el

English

An account for learning phrasal verbs. English has loads of this tedious words, so why don’t learning this with series, films or some quizzes? Come on!


4 instagram profiles to learn. Educational accounts yes, but nothing boring. Follow!

Ventajas del dinero electrónico

Five benefits of using electronic money

As we announced, Italy promotes the use of card payments as a measure to reduce tax evasion in the country. However, this is only one of the five benefits of using electronic money. Cash, although still leading, is gradually losing ground as a preferred payment system for users.

What is electronic money?

According to the European Central Bank, electronic money is a monetary value that is used for Internet transactions. It is an electronic substitute for coins we know. In addition, this type of money is characterized by being stored in electronic media.

There are some entities authorized to issue electronic money, called Electronic Money Entities (EDE), which have an obligation to issue it at face value and this must be accepted as a means of payment by companies other than the issuer.

Leaving aside the debate about whether cryptocurrencies such as bitcoin (decentralized virtual currencies) are considered electronic money or not, it should be noted that it is a very broad concept that encompasses any payment system that involves an electronic medium.

Thus, depending on the support used, one can distinguish between the money attached to the card and the software money.

The first is related to payment methods based on a card that generally tends to be a rechargeable prepaid card. Example: Bitsa Card, where the money is deposited in one of the authorized EDEs in Spain and other European countries. Discover the advantages of a prepaid card without a bank account. The second type, electronic money stored under a software format allows transactions to be carried out without requiring additional software or hardware. Ex: wallets.

Benefits of using electronic money

The five benefits of using electronic money in your day-to-day life are briefly summarized below.

  1. Security
    Top-ups or deposits made by the user are guaranteed because electronic money is backed by a trust: The companies responsible for managing electronic money are subject to the control and supervision of the relevant institutions.

    In addition to this, electronic money is safer because it is not possible to lose it, receive counterfeit money or erroneous amounts, as is the case with cash.
  2. Without banks in between
    Users maintain the privacy of their data (balances or movements they make). The movements are in the private network of VISA and Mastercard.
  3. Speed
    Exchanging electronic money is a simple and instant process. You save time and gain security.
  4. Less costs
    As it is not associated with traditional banking institutions, there are no operating expenses, nor maintenance costs for having your money in good standing.
  5. Traceability
    Especially important in the business field since electronic money facilitates compliance with the requirements of corporate transparency for possible audits.
Los millennials se preocupan por ahorrar

Do millennials care about saving?

They are the most prepared generation and many of the big companies that have changed the current world have been created by them. Millennials, the sector of the population born between 1981 and 1999, receive a multitude of appeals every day, such as “the millennium generation”, “the smartphone generation” and even “the lost generation”. But, what about your economic future? When it comes to their finances, do millennials care about saving?

The new that Spain fails in financial education may well be extrapolated to any other country. Especially if we talk, specifically, about their younger generations.

The reality is that young people (and not so young) are uninformed about financial products at their fingertips, but is it lack of interest or disaffection with the current system?

The millennium generation has seen how, despite being a much more prepared generation than its predecessors, it cannot reach the standards of quality and standard of living reached by its parents. Many millennials have had to enter the labor market amid a deep global economic crisis; hindering opportunities and making them more precarious.

Therefore, it is difficult to think about long-term financial stability and it is not easy to find the right conditions to save.

The economic crisis and the outbreak of corruption were two triggers for the increasing disaffection of the population towards the political class and financial institutions. And millennials were not going to be less.The alternatives to traditional financial institutions have been a good refuge for this sector of the population. Focused on living the present, with a digital DNA, traveling the world (backpackers or erasmus) and without great economic pretensions for the future, millennials have found products suitable for managing their money, without commissions or ties. Such is the case of easily rechargeable prepaid cards such as Bitsa Card.

Millennial savings

Recent studies on the savings habits of this generation confirm that yes, millennials do care about saving.

According to the Santalucía Institute study on “The vital perspectives of the millennial generation”, it indicates that they are very aware of the need to save because they are the generation that has heard the most about the problem of pensions and demographic risk. The majority of the millennial population (86.4%) are concerned that they do not earn enough to save for retirement.

For its part, the VidaCaixa Barometer “Saving habits in the millennial generation”: 22 is the average age at which millennials start to save. In addition, 3 out of 4 young people between 25 and 35 years care about doing so to this secure their future. However, only when the salary allows it. They save but do not risk.

So you know millennial: Regardless of your profile (more stingy, more compulsive, the one who waits at the end of the month or the one who goes crazy with the offers) the reality is that despite living intensely the Carpe Diem philosophy, at the end of the month, the bank receipts always arrive.

Although the future is unpredictable for everyone, make it a little more predictable by saving.

Millennials care about saving and you will not be less.

ventajas pago 3D Secure

What is 3D Secure? Benefits of 3D Secure

Trust or not trust? That is the question, especially when it’s about online transactions. However, the operation is carried out in a calmly way if 3D Secure payment interferes, due to it has the advantage of guaranteeing the security of online purchases. What is 3D Secure and what are the benefits? Keep reading to find out.

In order to curb fraudulent operations on the Internet, and keep all personal data safe, the 3D Secure (3 Domain Secure) security protocol emerged. Today, it is the most effective and updated method for the prevention of online payment frauds.

 

3D Secure Payment: What is it?

3D Secure Payment is a security system for online card payments. Specifically, this system certifies the identity of the buyer during the purchase process, ensuring the protection of payment information during the operation. That is, it guarantees that the user is identified and accredited as the real cardholder.

3D Secure is a three-part process (hence the name), which are:

  • The ecommerce that sells the product or service.
  • The “buyer”, which actually refers to the bank of the user who is making the purchase.
  • And the card issuer (such as Visa or MasterCard)

The process for this verification, to verify that the user is who he really claims to be, consists:

The 3D Secure system transfers information between ecommerce and the issuer of the card of the user who makes the purchase. The information you transfer is composed of a history of datas from other previous purchases made by the user. The more information transmitted, the more security. This is a fast and imperceptible process for the buyer.

Despite being highly recommended and tremendously beneficial service for all parties (since less fraud and more user peace of mind, increase their confidence, number of purchases on the web and the website’s reputation), it should be said that this service is not mandatory.

For this cases, is there a difference between credit and debit card or even prepaid card? The answer is yes. Currently, not all card providers offer this service.

This service is included by some of the most important payment companies; like Visa or Mastercard. In fact, is probable that you have identified these services under the name of “Verified by Visa” or “SecureCode”.

 

Bitsa Card: A secure option for your online purchases

In the event that you decide to operate with the Bitsa card, security is more than guaranteed. All your online purchases are doubly protected.

Firstly, because we operate with the 3D Secure service, specifically Verified by Visa. And secondly because the limit of the Bitsa card, due to is not linked to a bank account, will always be the amount available on the card. Spend only what you recharge! Virtual Card or physical, you decide.

 

How does 3D Secure payment work?

Let’s see a practical example of how this system works with Anna.

Ana wants to buy a smart watch online with her Bitsa Card.

How does 3D Secure work?

Ana activates her card and creates her password, so when making a purchase online a Verified by Visa windows will appear in which you must enter the password.

In this way your identity will be verified and the purchase confirmed thanks to the 3D Secure Payment service.

But what happens behind the scenes?

How does 3D Secure work?

The ecommerce wants to check if Ana is really the person behind the purchase process and not a hacker playing with her money.

This is where the 3D Secure payment authentication process begins.

How does 3D Secure work?

Thus, the issuer (in this case VISA) checks all the data shared by the ecommerce. These data range from Ana’s type of product, location, to the type of device she has used for the purchase.

At this point the third party comes into the process. Therefore the name 3-D Secure.

How does 3D Secure work?

After checking the hundreds of data received, the issuer successfully confirms the transaction made with Ana’s card. That is when gives the confirmation and approves the purchase.

How does 3D Secure work?

Finally, Ana’s purchase was successful and her smart watch is on the way.

All of this without being aware of this complex process that involves 3D Secure Payment, which occurs in a matter of seconds and is imperceptible to the buyer.

A service that has ensured great protection against possible frauds. 

A service that benefits the user but also the e commerce, which sees it sales increased thanks to the trust that their customers have in their secure shopping platform.

Tarjetas virtuales

Virtual card: what is and what are the benefits?

Although it coexists with many other methods (such as mobile payment), today the use of the card as a mode of payment is still preferred by users. Specifically prepaid cards are the ones that are gaining the most popularity and it is not surprising. As soon as you know the advantages of a prepaid card you will change the way you face life. The way you shop online, the way you travel and even the way you control your money, everything changes ! However, the digital reality that prevails in our lives today has made the use of other types of cards grow exponentially. Internet purchases are growing and many people still distrust when giving their data on a website. In this context virtual cards become effective.

What is a virtual card?

A virtual card is a product created to buy online. It is the best prepaid card for those who shop online.

These are safe for this type of transactions due to, being rechargeable cards, you only add the amount you want to spend. In this way, the control over your expenses is greater (avoiding falling into compulsive purchases), and security is guaranteed as they are independent of the rest of the cards you have.

If we also make purchases in an ecommerce with reinforced payment mechanisms such as 3D Secure, extra security!

Minimized the chances of fraud, another advantage of virtual cards is that, in most cases, are free and have no maintenance costs. In addition, the fact of being virtual implies an obvious: you cannot lose them, nor can they steal or clone you.

To all of the above it is important to add one of the main advantages of a virtual card … You can get a free virtual card!

That’s right, in most cases are virtual free cards that can be obtained in seconds to start using in a very comfortable, intuitive and secure way.

Black Friday, Christmas, Valentine … Having your virtual card ready you will manage all your purchases without moving from home.

Request a virtual card

Do you want to know how to get a free virtual card? If you want to be part of the Bitsa Community, as a new user the steps are quick and easy. Pay attention:

  1. Download the Bitsa App (for iOS or Android).
  2. Fill in the basic information: name, email and contact phone number.
  3. Request your virtual card. IT’S FREE!!
  4. Verified the whole process, you will have your card in a few seconds; ready to be used
  5. If you later wish to obtain your Bitsa Card in physical format, you can also request it from the App.

Join the Bitzer revolution with a prepaid card without a bank account. Plastic or virtual; you choose

Que son los neobancos ventajas

Neobank: what is, feautres and advantages

Many users are seduced by the new banking models, but what is a neobank? What are the advantages of neobanks? If you are also one of those who fails in financial education, you will be interested in the principal keys to the wave of fintech banking.

In recent years, the banking sector crisis has manifested in many and several ways. Due to the high distrust of customers in the traditional banking system, and to the increasingly digital profile of the population, one of the answers has been the reformulation of the traditional bank concept; what is known today as neobanks.

So, the need to transfer the digital revolution to banking, and the need to grant customers more comfort in the daily control of their expenses, caused the birth of the new bank generation.

What is a neobank?

Neobank is the word used to refer to those technological financial companies whose purpose is to meet the basic financial needs of a very specific group of people.

An audience not interested in overly sophisticated financial products, which communicates through digital channels and doesn’t need physical offices.

Advantages of neobanks

What does a neobank offer? Financial services whose distinction, compared to traditional banks, lies in a better customer experience and personalization through digital channels (mainly mobile) and cost reductions. These are precisely the main advantages of a neobank.

Neobanco vs Challenger Banks

Despite the fact they call themselves as “banks,” it is possible to distinguish two big groups:

Companies without a banking license which deal only with the customer service. These “banks” have an electronic money license or obtain it through third parties; They need a traditional bank to carry out any type of operation.

These companies don´t seek to manage customers’ money in a traditional sense, but instead focus on developing financial apps that offer a mobile-first experience, a language close to the target audience and maximum customization, thanks to Artificial Intelligence.

Here, the user transfers money from an account in an entity and operates with a ‘wallet’ with which he can also have a debit card.

Example: Yolt.

Credit institutions, financial companies with banking license and, therefore, can directly manage fiat money.

These are entities similar to the traditional ones, but 100% digital.

This group of companies are known as Challenger Banks.

It should be noted that the vast majority of Challenger Bank began as Neobanks, without a banking license, and expanded their business model, obtaining the license, until it became Challenger Bank.

Example: Revolut, N26

La alternativa a la banca tradicional

Neobank or traditional bank?

Traditonal bank, Neobank… None! In Bitsa we go one step further. No bank accounts, no fine prints and no maintenance costs.

We are a fintech that stands as the alternative to traditional financial institutions. We offer a prepaid card easily rechargeable from the application, with which to do all your operations quickly and safely.

In addition, we make it easy for you! Because you can recharge your card with vouchers in stores, with other cards, with transfers or with cryptocurrencies!

Now that you know what neobank means, we encourage you to discover what Bitsa means and the five reasons to trust Bitsa Card.

Sexta edición South Summit Madrid

Bitsa heading to the South Summit Madrid 2019

The most disruptive startups will meet from October 2 to 4, 2019 in Madrid. The event of the world’s leading innovation platform focused on business opportunities, South Summit, celebrates its sixth edition, positioning itself as a bridge to connect the entrepreneurial ecosystem.

La Nave de Madrid will host this massive event whose last edition in 2018 hosted 3,200 entrepreneurs and more than 175 investment funds.

Under the slogan “Where innovation meets business”, South Summit connects the newest leading companies with international investors, from the most outstanding venture capital funds in the entrepreneurial ecosystem. The available investment portfolio of these funds for the sixth edition amounts to more than 120,000 million dollars.

Co-organized by Madrid City Council in collaboration with BBVA, Endesa, Wayra, Sabadell and Google, this meeting can boast the renowned startups of previous editions have raised +2.8 billion dollars; Cabify, Glovo, or Spotahome are just some of them.

As if this were not enough, the next South Summit Madrid 2019 will have the presence of internationally famous leaders such as Paul Misener of Amazon, Jennifer Kanyamibwa of Twitter, or Ciaran Quilty of Facebook, and an extensive program of speakers.

Bitsa ubicación

As startup and fintech, Bitsa, convinced of the importance of innovation and new technologies as cornerstones of any business that is undertaken in the current digital era, will attend the South Summit Madrid 2019.

In stand nº105 you can find us and ask for information about the wide universe of possibilities that a prepaid card without a bank account can offer you.

South Summit edición 2018 Video

¿Por qué Bitsa?

Why Bitsa?

If you have come here it is because you are wondering this, why Bitsa? Well, here we bring you 5 reasons to become a Bitzer. Take note!

Únete a Bitsa
Did you know?
Bitsa meaning

In 2009, the Urban Dictionary picked up the word “Bitsa” in its urban vocabulary glossary. Apparently, as this dictionary indicates, the word Bitsa is often used to refer to a person of no fixed nationality. Someone who has many backgrounds and no attachments or desire to be associated with any past family history.

10 years later, the Bitsa project is born and we cannot agree more with this definition! We don’t want to be associate with any past history related to banks and other traditional financial institutions. Nor do we want to define ourselves as a unique nationality; Our home is the world!

Why Bitsa?

1 – Freedom for everyone!

Freedom in your finances! We offer you a free virtual prepaid card – although you can also get the physical card – with which you can control all your payments.

You don’t need a bank account here, you are free! You top-up the money you want to have on your card and spend only what you have; No maintenance fees or extra fees.

2 – Without borders

In Bitsa we believe in an open world without borders. We are a multicultural team and that is reflected in the card. So if you are, like us, a lover of travels and adventures, with the Bitsa card you can withdraw money abroad easily.

3 – Security = Tranquility

We break away from the cliché that the “Internet is not safe”. Every time we make more purchases online and that is why we are committed to a secure bitsa card, verified by Visa, to manage your expenses with maximum peace of mind.

4 – Just a clic!

Bitsa card is very comfortable. It doesn’t take up space in your wallet, you will have full control of your expenses with just one click! From the application you can do all kinds of actions: online shopping, SEPA transfers and transfers between cards, etc.

5 – Future is here

We look to the future, we look to the digital and without ties. What’s more, we allow you to easily top up the Bitsa card from a coupon card or with cryptocurrencies. Request, top-up and enjoy!

Now you know us better. Why Bitsa? For these 5 reasons and for everything that is to come. Join to the Bitzer revolution! You can request your rechargeable card through the Bitsa app.

If you want to know more, discover other advantages of using a prepaid card without a bank account.

Directiva PSD2

PSD2 explained: what is it?

You may have never heard of this European regulation but it affects you more than you think. In this article we give you a few keys so that you understand how this new payment directive affects you.

The word PSD came into our lives in 2007, with the first Payment Services Directive that sought to create a unified payment market in the European Union to boost innovation, transparency and efficiency in the region. How? Developing the electronic payment market through data and technology.

However, in 2013 the European Commission proposed a review of the directive because it did not deepen the objectives set sufficiently; Hence the PSD2.

What is PSD2 Directive?

The new PSD2 Directive is a European regulation that has an impact on online payments, facilitating payments throughout Europe and with greater security. In addition to this, the new policy offers to financial sectors new business opportunities and an expansion of their markets.

PSD2 Consequences

The impact of this new digital payment horizon affect many areas. As far as the user is concerned, the European regulation authorizes access to customer accounts by third-party providers (prior authorization) through APIs.

What is an API?

Brief explanation

The “Application Program Interfaces” or APIs is a technology that bridges the web, allowing programs and tools of different companies to exchange data and interact with each other. APIs are increasingly popular among companies, especially financial ones, as they allow new business opportunities to be created and their market to reach new customers.

Internet is full of APIs!

A close example can be found in this article. At the beginning of this post there are some social media buttons to share the content. These buttons go to the APIs of these services allowing the user to share the information on Twitter / Facebook / etc without leaving this website. Two different companies that connect and cross your data, but not before having your permission to send the content to your timeline.

At a banking level, third-party authorization means that these companies can make payments on behalf of the customer (always with prior authorization) without having to go through the bank; forcing to intensify security.

To date, when making an online purchase, e-commerce use various intermediaries (electronic payment providers) which, in turn, connects with the card company (VISA, Mastercard …) who are the ones who charge finally the amount in the account.

From this point on, the customer can authorize e-commerce to directly execute the payment on their behalf; producing a direct communication between the merchant and the bank through an API.

Shopping online safely

Another impacts of the new PSD2 Directive that affects you as a user is the double authentication. This implies a reinforced authentication to reduce Internet frauds using different identification methods to authorize an operation (fingerprint, PIN number, digital certificate, mobile phone number, etc.).

If this double filter gives you more peace of mind with online purchases, imagine if you add a prepaid card for shopping online safely. Triple protection! You can buy safely with a BITSA card because it is not linked to a bank account, the limit is always the amount available on the card.