prepaid Card

prepaid Card

Prepaid Card / Cobranded Prepaid Card

Cobranded Prepaid card program advantages of a credit card or debit card

A prepaid card is used by businesses and consumers alike for a variety of different reasons. There are numerous benefits which prepaid card programs offer which have allowed them to quickly grow in popularity over recent times. Businesses which would like to pay their employees each week without issuing paper checks can take advantage of a prepaid card as a way to pay regular employees and help to decrease costs associated with payroll as well.

Cobranded card programs which use a prepaid card can be a great way to earn free marketing as well. When employees use the cobranded card at retailers the logo or URL of the company will be proudly displayed as well as the well-known Visa or MasterCard logo which allows the prepaid cards to be accepted at ATM’s and businesses across the globe.

A prepaid card also offers consumers all of the same advantages of a credit card or debit card without having to worry about overspending. A prepaid card can be used the same way as a standard credit card or debit card; however, the funds must be prepaid onto the account by the cardholder, employer or other financial institution which prevents overspending which can often occur with standard credit cards which charge high interest rates.

And what’s better? These prepaid cards can be used at the same locations that credit cards and debit cards can be used due to the well-known MasterCard or Visa logo which they carry. This means that restaurants, gas stations, grocery stores, department stores and ATM’s all accept a prepaid card as a safe and convenient way to pay for your purchases. This allows you to budget your money accordingly in advance so that the amount which is spent has been predetermined and loaded onto the card. When the prepaid card has reached a zero balance, the prepaid card will be declined until funds have been added to the balance of prepaid cards.

Parents often take advantage of all of the benefits which a prepaid card program has to offer to help teach their teens to be financially responsible. By loading a set amount of money on to a prepaid card, the teen will need to learn how to budget and manage money. Parents can even monitor the prepaid card account to monitor the balance to see how their money is being spent. Teens can use the card the same way they would use a standard credit card or debit card allowing them added safety that does not come from carrying cash as well.

We carry a wide selection or prepaid card programs, cobranded card programs, debit cards and credit cards and would love to help you with all of your card needs. If you would like further information on the services we offer such as prepaid card programs please feel free to contact us we would love to help you in every way we can.