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Prepaid Debit card
Prepaid debit cards, also called reloadable debit cards or reloadable prepaid cards, are often used for recurring payments. The payer loads funds to the cardholder's card account. All debit cards are prepaid since they are tied to a banking account. The use of prepaid debit cards has become widespread in many countries and has overtaken the check, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases, and unlike credit cards the funds are transferred from the bearer's bank account instead of having the bearer to pay back on a later date. The use of Prepaid debit cards reduces the stress of having to do business with liquid money, it makes transactions generally easier and convenient. Prepaid Debit Cards are just like the old debit card that's been around for ages but you don't need a checking account to use it. You get to see your transactions online. |
NewsSunday, March 11 2007 ![]() Sunday, March 18 2007 ![]() |
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