Prepaid Cards Programs: What Are They And Their Uses?
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 is quit simple and easy to use and understand. The card holders can decide the amount of fund they want on the card. Basically, the card has a higher limit of funds deposit. A prepaid card is often times linked to a bank account which the card can be top up from. The top up can also be done through sms, phone call, or from 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 prepaid card could also be provided through a third party who makes deposit on the card after the suppose card holder must have presented the deposit receipt to the third party provider. Having a prepaid card does no necessarily means that 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 card: This is used prior to traveling to a foreign country. They can be loaded in foreign currency Business prepaid cards: They are designed for employees to limit their spending.
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.
Government prepaid card: Designed for government spending such as insurance, payroll and so on. Gift prepaid card: Given by a third party to customers as a gift. It contains gift amount. They are referred to as non-loaded card.
Student prepaid card: Designed for students. It is loaded with funds for students to spend directly from. Payroll prepaid card: Designed for the payment of employee payroll. It is given as a paycheck to employees by the employer.
Having a prepaid card comes with some benefits which include; having a prepaid card enables the card holder to buy things online, in person, through order, or via the phone. It comes with a 14- 16 digit PAN number which is all that is needed when making a non-appearance purchase. It allows the card holder to set a spending limit, you can control your spending limit. It does not have a credit check thus, the card holder can run into debt.
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 is quit simple and easy to use and understand. The card holders can decide the amount of fund they want on the card. Basically, the card has a higher limit of funds deposit. A prepaid card is often times linked to a bank account which the card can be top up from. The top up can also be done through sms, phone call, or from 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 prepaid card could also be provided through a third party who makes deposit on the card after the suppose card holder must have presented the deposit receipt to the third party provider. Having a prepaid card does no necessarily means that 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 card: This is used prior to traveling to a foreign country. They can be loaded in foreign currency Business prepaid cards: They are designed for employees to limit their spending.
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.
Government prepaid card: Designed for government spending such as insurance, payroll and so on. Gift prepaid card: Given by a third party to customers as a gift. It contains gift amount. They are referred to as non-loaded card.
Student prepaid card: Designed for students. It is loaded with funds for students to spend directly from. Payroll prepaid card: Designed for the payment of employee payroll. It is given as a paycheck to employees by the employer.
Having a prepaid card comes with some benefits which include; having a prepaid card enables the card holder to buy things online, in person, through order, or via the phone. It comes with a 14- 16 digit PAN number which is all that is needed when making a non-appearance purchase. It allows the card holder to set a spending limit, you can control your spending limit. It does not have a credit check thus, the card holder can run into debt.
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 author likes to provide information to co-branded card programs and is passionate to helping people and businesses embrace the opportunities in the world of payments with prepaid credit cards.. Free reprint available from: Prepaid Cards Programs: What Are They And Their Uses?.
posted by Vittoria @ June 05, 2018
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