djamal-soft
الاثنين، 21 مايو 2018
Prepaid cards are cards that have on it an already pre-stored monetary value and have no attachment whatsoever with any bank account. They are unlike debit cards that have links to accounts from where money spent is deducted and it is also not like credit cards in which case money is borrowed from the issuer.
Prepaid cards are also referred to as Stored-value cards. They are usually not issued in the name of any individual and most times with anonymity just like with utility prepaid cards.
Stored-value cards are issued to people anonymously as they do not need to be issued under anybody's name just like in prepaid utility cards. Just like utility cards, where a stored values are also used, and when exhausted they are reloaded or thrown away, so also prepaid card are topped up with money.
The card issuing company keeps track of the card through the use of computers and when the monetary value is finished, they are blocked immediately.
There are two main types of prepaid card programs, they are closed system prepaid card and co-branded prepaid cards. There are other types of prepaid cards but these are the most common ones.
Closed system prepaid cards are cards that are issued by a business enterprises, and is used only to pay for transactions with the enterprise. They are usually of small value and are most times used in purchase of small gift items and groceries.
The co-branded prepaid cards are issued by a card issuing company in partnership with one or more businesses to be used only for transactions with the businesses.
What Are the Benefits of Having a Prepaid Card. Security has to be the main benefit of using a prepaid card, and this is attributed to the fact that it isn't registered with anyone's account or name.
Benefits of Using a Prepaid Card. The major advantage of using a prepaid card has to be the security it provides for the users. The cardholders are protected from frauds and theft even when the card is stolen. Only the stored value is lost.
Prepaid cards can also function like debit cards, they can be used to withdraw money from ATMs as long as the card holder has enough value on the card. Prepaid cards are also used to pay utility bills. It should be noted that a cardholder can get prepaid card as much as he or she needs.
The use of prepaid cards is preferred to credit cards because the merchant does not have to wait for the verification of the user before the card can be used unlike with the use of credit cards. Prepaid cards also help to reduce spending. Prepaid cards are also used at Automated teller machines, they can be used to withdraw cash, but only of the monetary value of the card is greater than or equal to amount that is to be withdrawn. There are quite a number of prepaid card programs available across the world. So research and choose the most suitable co-branded prepaid cards for your brand and enjoy all the amazing benefits.
Prepaid cards are also referred to as Stored-value cards. They are usually not issued in the name of any individual and most times with anonymity just like with utility prepaid cards.
Stored-value cards are issued to people anonymously as they do not need to be issued under anybody's name just like in prepaid utility cards. Just like utility cards, where a stored values are also used, and when exhausted they are reloaded or thrown away, so also prepaid card are topped up with money.
The card issuing company keeps track of the card through the use of computers and when the monetary value is finished, they are blocked immediately.
There are two main types of prepaid card programs, they are closed system prepaid card and co-branded prepaid cards. There are other types of prepaid cards but these are the most common ones.
Closed system prepaid cards are cards that are issued by a business enterprises, and is used only to pay for transactions with the enterprise. They are usually of small value and are most times used in purchase of small gift items and groceries.
The co-branded prepaid cards are issued by a card issuing company in partnership with one or more businesses to be used only for transactions with the businesses.
What Are the Benefits of Having a Prepaid Card. Security has to be the main benefit of using a prepaid card, and this is attributed to the fact that it isn't registered with anyone's account or name.
Benefits of Using a Prepaid Card. The major advantage of using a prepaid card has to be the security it provides for the users. The cardholders are protected from frauds and theft even when the card is stolen. Only the stored value is lost.
Prepaid cards can also function like debit cards, they can be used to withdraw money from ATMs as long as the card holder has enough value on the card. Prepaid cards are also used to pay utility bills. It should be noted that a cardholder can get prepaid card as much as he or she needs.
The use of prepaid cards is preferred to credit cards because the merchant does not have to wait for the verification of the user before the card can be used unlike with the use of credit cards. Prepaid cards also help to reduce spending. Prepaid cards are also used at Automated teller machines, they can be used to withdraw cash, but only of the monetary value of the card is greater than or equal to amount that is to be withdrawn. There are quite a number of prepaid card programs available across the world. So research and choose the most suitable co-branded prepaid cards for your brand and enjoy all the amazing benefits.
About the Author:
There are numerous prepaid card programs to choose from nowadays, choose the most suitable for your company. Deciding to get co-branded credit cards for your company is definitely a good choice.
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