Pre-Paid Cards, Digital Wallets, and Cash: What to Consider When Paying for Things Abroad

Before making payments abroad, do your research properly to look for a better alternative because extra fees and interest rates will add up quickly. When travelling abroad, you have multiple options to carry your money. The difficult part is deciding the best way based on the demand and requirement.

Travellers in the past used to rely solely on cash and cheque, which is outdated now. Pre-paid cards and digital wallets are among the most popular ways to make transactions in stores, eateries, and on gaming platforms like for entertainment purposes. It is because they offer better exchange rates and reduced fees.

In this article, you will learn about the efficient ways to carry your money when travelling abroad.

Digital Wallet

A digital wallet is the most convenient way to carry your money. It is a means to store your credit and debit card details in a secure digital medium on your mobile phone. Rather than using your actual plastic card to make transactions, you can use a digital wallet to pay in stores, apps, and online.

If you’re purchasing online or through an app, you may notice a Pay With Apple Pay or Pay With PayPal button at the end, which you can use to hasten your purchase. When you’re at the checkout page, a digital wallet, such as Apple Pay, can immediately show up and fill in the payment information for you, even if you don’t have the specific button.


Cash is particularly useful during the first 24 hours of your journey. You’ll need to have enough money to get by until you can access an ATM. This may be more difficult in some countries than in others. If you’re taking British pounds with you, do some research to see how easy it is to get cash and how easy it is to exchange currency.

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When visiting a foreign country, you should keep your foreign cash to a minimum. Even though traveller’s cheques and pre-paid cards are the best options, you should have local money in hand to pay for necessities such as food and drink, tips, and taxis. When credit cards and checks aren’t accepted, cash comes in handy. Take note, however, that the amount of cash you can bring with you is determined by the country you are visiting. So check before you leave for your travel and keep some cash with you.

Multicurrency Travel Card

Pre-paid travel cards are among the easiest and most widely used methods of transferring money internationally. A multi-currency forex card is a convenient way to carry various currencies at the same time. It also protects travellers from cross-currency transaction fees, currency volatility, and minimal transaction fees when using a pre-paid forex card at an ATM in another country. Many banks even throw in free travel insurance when you buy a travel card. You also have the option of locking in the currency rate before travelling, decreasing the risk of future fluctuations.

Final Thoughts

Considering everything, you should not rely on a single means of payment when visiting a foreign nation. You should have a well-balanced travel money portfolio that includes, among other things, travellers cash, plastic money, and pre-paid cards. Make sure you purchase travel insurance, which will cover your vacation and offer you emergency monetary help if you need it. While travelling to new places worldwide, a travel insurance policy and having enough money on different cards are your best friends.


Westley Langston

The author Westley Langston