Prepaid card is used as another means of carrying cash about. With prepaid cards, funds can be deposited in the card. The card holder spend directly from the card and top it up regularly. The prepaid card means that funds must first be loaded on the card before spending from it. Thus, it is referred to as 'pay before'. The cards do not have credit accumulation and can be use to make online purchases. Using the prepaid card will help to reduce unnecessary spending and also have a good budget.
The prepaid card program works in a very simple and easy to understand ways. The moment you get the card, you decide the amount of money you want on it. Although, it comes with an higher limit of how much you can have on it. And as you spend the money day-to-day, you need to top it up from a bank account, which could be through sms, phone call, or visiting a Paypoint.
Co-branded credit card are made by credit card company for businesses and partnering retailers consumers. The cards carries the partnering retailer logo and also the credit card company logo.
A third party provider can also offer a prepaid card with a pre-loaded fund to customers. The card holder only needs to present the receipt for the pre-load card to enable them spend from the card. This means that, having a prepaid card doesn't mean one must have a bank account.
Types of Prepaid Cards There are various types of prepaid cards and they are designed for the different uses and demands of customers. The major types include:
Travel prepaid cards: This type of card is designed for traveling purposes basically, to a foreign country. They support foreign currency.
Business prepaid card: Made for employees to curtail their spending.
Government prepaid card: The type of prepaid card used for government disbursement such as insurance, payroll, etc.
Foreign prepaid card: designed for foreign currencies. It could be loaded with one or more foreign currency.
Foreign prepaid card: It is designed basically for foreign currencies. It can have one or more foreign currencies loaded on it.
Payroll prepaid card: Given by an employer to an employee. It is used in paying employee salary i.e paycheck is paid directly on the card.
There are several benefits of having a prepaid card. A prepaid card enables the card holder to make purchases whether physically or otherwise. It has a 14-16 card number which is all that is required when making purchases through the internet or phone calls.
In conclusion, co-branded prepaid card can help to promote the business of the partnering retailer. Prepaid card enables card holder to make purchases conveniently.
The prepaid card program works in a very simple and easy to understand ways. The moment you get the card, you decide the amount of money you want on it. Although, it comes with an higher limit of how much you can have on it. And as you spend the money day-to-day, you need to top it up from a bank account, which could be through sms, phone call, or visiting a Paypoint.
Co-branded credit card are made by credit card company for businesses and partnering retailers consumers. The cards carries the partnering retailer logo and also the credit card company logo.
A third party provider can also offer a prepaid card with a pre-loaded fund to customers. The card holder only needs to present the receipt for the pre-load card to enable them spend from the card. This means that, having a prepaid card doesn't mean one must have a bank account.
Types of Prepaid Cards There are various types of prepaid cards and they are designed for the different uses and demands of customers. The major types include:
Travel prepaid cards: This type of card is designed for traveling purposes basically, to a foreign country. They support foreign currency.
Business prepaid card: Made for employees to curtail their spending.
Government prepaid card: The type of prepaid card used for government disbursement such as insurance, payroll, etc.
Foreign prepaid card: designed for foreign currencies. It could be loaded with one or more foreign currency.
Foreign prepaid card: It is designed basically for foreign currencies. It can have one or more foreign currencies loaded on it.
Payroll prepaid card: Given by an employer to an employee. It is used in paying employee salary i.e paycheck is paid directly on the card.
There are several benefits of having a prepaid card. A prepaid card enables the card holder to make purchases whether physically or otherwise. It has a 14-16 card number which is all that is required when making purchases through the internet or phone calls.
In conclusion, co-branded prepaid card can help to promote the business of the partnering retailer. Prepaid card enables card holder to make purchases conveniently.
About the Author:
The writer loves to arrange information on credit card programs and is dedicated to helping people and businesses embrace the opportunities in the world of payments. The writer is a passionate writer on the world of co-branded prepaid cards options and solutions.
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