What is pre-paid cash card? A pre-paid cash card looks like a credit or debit card, and it gives users the ability to purchase products and services with a card. However, there is a crucial difference which is you can only spend the balance that has been preloaded onto the card. This means there is no risk of running into debt as it has no credit or overdraft facility.
Prepaid cash cards have come to the financial rescue for millions of Americans who don't have a checking or savings account. Having a checking or savings account is better for Americans, because it gives them more options. More than 250,000 people don't have a checking or savings account, so they use a prepaid cash card.
Examples of pre-paid cash cards:
VISA Prepaid Cards
Visa Buxx
Offers teens spending independence and flexibility, while keeping parents informed, involved, and in control.
Visa Travel Money
It is an ideal alternative to travelers cheques and cash.
Visa Payroll
It is an innovative payment solution that helps businesses reduce payroll costs, increase efficiency, and build employee loyalty. It's the ideal alternative to traditional payroll checks.
Touch n Go
Touch n Go is a smart card used by Malaysian for electronic payment system to toll expressway and highway. It is expanding its business to retail purchase by starting with fast food industry that enables consumers to buy dough nut, burger or fast-food from 21 outlets such as Burger King, 7-Eleven, Dunkin’ Donut.
Octopus Card
It was launched in Hong Kong on year 1997, September. It is widely used in payment system for transportation, supermarkets, fast food restaurant, car parks and other pint of sale application such as service station s and vending machines that have achieved good outcomes.
Benefits of using pre-paid cash card:
You can always know exactly how much money you have to spend. The prepaid card can help protect you from over spending. It helps to eliminating debt risk by withdraw the chance to spend too much as the balance is limited to the amount reloaded, and the convenience that it provide is indeed great. It helps you pay your affiliates from around the world with our cash cards. and eliminate the need for checks. Last but not least, it works with any currency.
References:
http://www.moneysupermarket.com/cards/prepaid-cards-guide1.asp
http://usa.visa.com/personal/cards/prepaid/index.html
Prepaid cash cards have come to the financial rescue for millions of Americans who don't have a checking or savings account. Having a checking or savings account is better for Americans, because it gives them more options. More than 250,000 people don't have a checking or savings account, so they use a prepaid cash card.
Examples of pre-paid cash cards:
VISA Prepaid Cards
Visa Buxx
Offers teens spending independence and flexibility, while keeping parents informed, involved, and in control.
Visa Travel Money
It is an ideal alternative to travelers cheques and cash.
Visa Payroll It is an innovative payment solution that helps businesses reduce payroll costs, increase efficiency, and build employee loyalty. It's the ideal alternative to traditional payroll checks.
Touch n Go
Touch n Go is a smart card used by Malaysian for electronic payment system to toll expressway and highway. It is expanding its business to retail purchase by starting with fast food industry that enables consumers to buy dough nut, burger or fast-food from 21 outlets such as Burger King, 7-Eleven, Dunkin’ Donut. Octopus Card
It was launched in Hong Kong on year 1997, September. It is widely used in payment system for transportation, supermarkets, fast food restaurant, car parks and other pint of sale application such as service station s and vending machines that have achieved good outcomes.Benefits of using pre-paid cash card:
You can always know exactly how much money you have to spend. The prepaid card can help protect you from over spending. It helps to eliminating debt risk by withdraw the chance to spend too much as the balance is limited to the amount reloaded, and the convenience that it provide is indeed great. It helps you pay your affiliates from around the world with our cash cards. and eliminate the need for checks. Last but not least, it works with any currency.
References:
http://www.moneysupermarket.com/cards/prepaid-cards-guide1.asp
http://usa.visa.com/personal/cards/prepaid/index.html
http://www.octopuscards.com/consumer/products/en/index.jsp
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