All You Need To Know About Mastercard Co-Branded Cards

djamal-soft الاثنين، 16 أبريل 2018
By Rachel Hudson


Are you looking for a money managing solution to keep your expenses under control? A prepaid card is the ideal solution to help you maintain your budget.

A prepaid card is not actually based on credit. It is based on the money that you have previously stored on the card for your use. Thus, although the transaction process is similar to that of normal credit cards, the money that you are using to make the purchase is your own.

There are many different kinds of credit cards available nowadays, but the most beneficial one for commercial enterprises is a co-branded credit card. A co-branded card is a payment solution that is created by collaboration between businesses and card program providers.

If you or anyone you know has a habit to overspend on needless things, you should suggest them to get a prepaid credit card. Parents with teenaged children should obtain a prepaid credit card to teach them the art of money management. You can obtain a card as a gift or through a co-branded card program. If you have one, or are thinking of getting one, here is how you can use them:

At a Retail Store Head out to a retail store and select the merchandise that you want to purchase. Keep this in mind that you will not be able to buy more than the money stored on the card. At the checkout counter, present your card to the cashier. Most retail stores have credit card machines with which they can swipe your card. Once the card is swiped, you will be asked to sign one copy of the receipt for the store, while you will keep the other one in your possession.

Co-Branding and Its Powerful Role in Developing Businesses As mentioned above, co-branding results from a collaboration of the business with a card program provider. However, a MasterCard co-branded card also requires a third party for the issuance of the card as MasterCard itself is not an issuer. The issuing authority could be any bank where a real or virtual account of the cardholder is created in order to enable them to use the card.

When You Visit an Online Store With so many businesses opening online retail stores, people can purchase goods and services sitting from anywhere in the world via prepaid credit cards, which has made shopping a breeze especially if they are linked with co-branded card programs.

For Utility Bills You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid.

Co-branding can be very advantageous for growing businesses if used in the right way. So opt for a MasterCard co-branded card today if you want to provide your customers with a prepaid payment solution that is simple and convenient.




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