Obopay review

There are, however, quite a number of restrictions on the amount of money you can move back and forth. If you use a debit or credit card to add money to your account, you can only transfer once a day, up to $300 per week. There's a $200-per-week transfer limit from your Obopay account balance to a bank account, and there's a $200 daily limit on ATM withdrawals. Also, you can spend at most $300 a day using the prepaid Mastercard. With these restrictions, Obopay is obviously not meant to replace your wallet but to supplement it. It could also help serve to curb your spending habit.

Overall, we're quite pleased with the Obopay service. It delivered on its promises, and money transfers went quite smoothly. However, we can't help but be disappointed by the amount of fees involved in the process--especially if you count text messaging and data fees along with Obopay fees. Sure, the fees may seem small, but sometimes every penny counts. If convenience is more important, however, then Obopay may be worth the price.