If you’ve ever watched a medical drama on TV, you’ve probably noticed that actors spend a lot of time shouting “stat” on screen. Stat stands for the Latin statim, which means immediately. The word is used in an emergency situation, such as respiratory failure, cardiac arrest, etc. We’ve all watched a medical drama where the patient of the day experienced a sudden collapse in the middle of the episode. That’s the point of the drama, and that ensures that our favourite actors can get to use some complicated medical terms. Of all the hospital jargon, stat is by far the easiest to learn for them and to understand for us.
So, when you find yourself in a financial crisis, you might be tempted to channel your inner E.R. George Clooney and demand money access, stat. But imagine the situation. You’re in a shop, readily preparing to make a birthday purchase for a close relative. But suddenly, your credit card is declined. How do you solve the problem? Here are some new tech ways to withdraw money, stat.
Finding an ATM for easy money access
When your card is declined, there could be a variety of reasons. Perhaps, the card strip has been damaged inside your wallet, or the card is slightly bent so the machine struggles to read the data. If this is the case, you can attend to use your card at an ATM. As the entire card is pushed inside the ATM, they can often access data even when small shop card readers can’t. Use it to check your account and withdraw money to pay for your purchase if possible. But what if your bank account is in the red? You’d be surprised to know that small ATMs function as Bitcoin ATMs, meaning you can use them to withdraw from your Bitcoin investment. As Bitcoin is one of the top 3 cryptocurrencies worth considering for safe blockchain investments, it can be a good idea to map your nearest crypto ATMs. It’s also a practical strategy; indeed, more and more online businesses also make cryptocurrency payments. Using an ATM enables you to make crypto payments in physical stores too.
Do you need to withdraw it?
Ultimately, if you only need to pay, withdrawing the money could become an unnecessary step. If you have money on your Paypal account, you can check if the store takes Paypal payments. Some will allow shoppers to use digital transaction data for their purchases using a POS in-store. Alternatively, you can also transfer your PayPal money directly to your card. It takes approximately 30 minutes for the transfer to operate, so you should be able to pay with your credit card in no time.
Send it to my phone
Why use a card when you can pay with your phone or your smartwatch? If you are purchasing a group present, you can ask other members to transfer their contributions via a digital wallet, such as Apple Pay. Using Apple Pay, you can easily make payments with your phone. The money is transferred immediately to the application as soon as you accept the transfer.
In conclusion, technology makes it easier to process payments even when your credit card gets declined. While it doesn’t materialize money magically into your bank account, it can help you face unexpected situations.