Prepaid Cards are an alternative to carrying money about. Funds are been deposited in prepaid cards when they are newly acquired and subsequently topped up when the funds are been exhausted. Therefore, it is pay before. The cards are also used to buy online because they are have no credit cards. The cards are good for budgeting and also helps in reducing spending.
The prepaid card program is very easy to understand and works in a very simple way. The card holders can decide on the amount of money they wish to load on the card but it does have a higher amount limit. As the funds on the card is been used on daily basis, it must be top up from a bank account. It can be top up via sms, phone call, or through 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.
Prepaid cards can be from a third party who deposit money onto the card after presenting receipt for the deposit. Therefore, having a prepaid card does not necessarily mean one must have a bank account with a corresponding bank.
The Different Kinds of Prepaid Cards available for Customers Prepaid cards varies in types and each of them have their different uses. Customers can choose the one that suit their purposes and demands. They include:
Travel prepaid card: Used when traveling to another country. Foreign currency can be deposited on it. Business prepaid card: Made for employees to curtail their spending. Government prepaid card: Used for the affairs of the government such as paying for insurance, paying payroll, and other kinds of disbursement.
Foreign prepaid card: This card carries one or multiple foreign currency. Student prepaid card: Often pre-loaded by an adult and given to a student to enable him/her spend from the card.
Foreign prepaid card: designed for foreign currencies. It could be loaded with one or more foreign currency. Student prepaid card: Usually pre-loaded for students so they can spend directly from it. Payroll prepaid card: Designed for employees for the payment of salary. It is loaded up by employers as a paycheck for the employees.
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.
Finally, co-branded prepaid card can help to promote the awareness of the issuing company and the third party provider. Prepaid card brings about convenience for the card holder.
The prepaid card program is very easy to understand and works in a very simple way. The card holders can decide on the amount of money they wish to load on the card but it does have a higher amount limit. As the funds on the card is been used on daily basis, it must be top up from a bank account. It can be top up via sms, phone call, or through 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.
Prepaid cards can be from a third party who deposit money onto the card after presenting receipt for the deposit. Therefore, having a prepaid card does not necessarily mean one must have a bank account with a corresponding bank.
The Different Kinds of Prepaid Cards available for Customers Prepaid cards varies in types and each of them have their different uses. Customers can choose the one that suit their purposes and demands. They include:
Travel prepaid card: Used when traveling to another country. Foreign currency can be deposited on it. Business prepaid card: Made for employees to curtail their spending. Government prepaid card: Used for the affairs of the government such as paying for insurance, paying payroll, and other kinds of disbursement.
Foreign prepaid card: This card carries one or multiple foreign currency. Student prepaid card: Often pre-loaded by an adult and given to a student to enable him/her spend from the card.
Foreign prepaid card: designed for foreign currencies. It could be loaded with one or more foreign currency. Student prepaid card: Usually pre-loaded for students so they can spend directly from it. Payroll prepaid card: Designed for employees for the payment of salary. It is loaded up by employers as a paycheck for the employees.
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.
Finally, co-branded prepaid card can help to promote the awareness of the issuing company and the third party provider. Prepaid card brings about convenience for the card holder.
About the Author:
The author likes to inform guidance to co-branded card programs and is dedicated to helping people and businesses embrace the opportunities in the world of payments with prepaid credit cards.. Unique version for reprint here: Prepaid Card Programs: How Can Your Company Benefit From It?.
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