Smart Money, Will Travel

If you’re traveling abroad for business or a holiday you will need to consider how you’re going to pay for things while you’re away.  Here’s a list of travel payment solutions we’ve put together for you to check out:


It’s a good idea to have some local currency in your pockets for small daily essentials like food, drink, and transport.  You can buy foreign currency from places like banks,bureaux de change, the Post Office and travel agents.  If you want to save money you should buy your currency before you go and shop around for the best exchange rate.  

Credit cards

Credit cards are widely accepted all over the world.  You might decide to take your credit card abroad with you because they’re handy in an emergency.  Plus, they’re a lot safer than carrying around large amounts of cash with you – they’re easier to conceal and if you lose your card you can get it cancelled straight away and your card provider will immediately send you out a replacement.  Better to be safe than sorry!  

Instead of using your everyday credit card you will be better off getting one specifically to use while you’re abroad.  Shop around for the best deal on fees and charges on foreign transactions because they can be quite steep and it can end up working out pretty expensive to use your card abroad.  You never know you might find a card with free travel insurance and save even more money!

Pre-paid currency card

Pre-paid currency cards are a great alternative to all of the above.  Just load it up with foreign currency before you go then spend or withdraw money as you please. The best part about these is that anyone can get their hands on one because you don’t need to pass a credit check like you do with a credit card.  Plus, you won’t be able to spend more than what you have, so you don’t need to worry about getting into debt.

Travellers cheques

Traveller’s cheques aren’t always the best value for money but if you’re looking for a completely safe option then they’re your best bet.  They will be replaced within 24 hours if they’re lost or stolen, so you won’t need to go long without money.  Plus, they’re easy to use, widely accepted and available in six different currencies such as US Dollar, Australian Dollar, Canadian Dollar, Pounds Sterling, Chinese Yuan and Japanese Yen.

On top of the traditional forms of payment that you will be used to using when you’re abroad there’s also a whole host of virtual payment methods available to you:


With over 100 million people using PayPal, it is one of the most widely used payment methods in the world for purchasing services and goods online.  It’s quick, easy and secure to transfer funds with PayPal, so it’s not surprising that it’s the number one choice.  


Neteller has all the benefits of PayPal but not as popular.  You can transfer funds across 200 countries in 22 currencies with a small fee applied.


Previously known as Moneybookers this payment method is accepted at over 156,000 online shops across the globe.  However, one shortfall of Skrill is that it doesn’t have the same strict security measures in place like PayPal or Neteller so you might be a bit wary about using it.


Ukash is a bit different from the rest because it’s an e-voucher that you can buy from WH Smith or at a PayPoint, Payzone or Epay store.  When you have your voucher simply scratch off the panel on the voucher to reveal a 19 digit pin code then you can use it to shop online.

There’s plenty of ways to make a payment when you’re traveling abroad!  Do your research and weigh up the pros and cons for each one before deciding what ones are best for you.  Make sure you organise your money before you go and shop around for the best deals to save you money, so you will have even more money to spend on holiday souvenirs!


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