Prepaid Cash Cards – What are they?Prepaid cash cards are plastic cards, which fall under the pay first category of plastic payments. Prepaid cash cards can be used to make payment for goods and services and even to withdraw money. Before use, the user needs to load the card with a sum of money. Prepaid cash cards are designed to be used as a safer alternative as compare to cash.
Application of Prepaid Cash Cards
The prepaid cash card is of use in several ways, namely:
1. Pay bill – Rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.
The prepaid cash card is of use in several ways, namely:
1. Pay bill – Rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.
2. Shop anywhere as long as the card using is accepted at different retailers, buys fuel at the pump, pay by phone, and shop on the Internet.
3. Get cash at ATMs, any time of the day, and any day of the week.
4. Transfer money – For some prepaid cash card they provide the convenient such as send or receive money via bank wire transfers, between two cards.
5. Pay for toll – Use Touch n Go card as an example, it can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme park
Other than as mentioned above, prepaid cash cards can be used as a replacement for travellers’ cash. Customers buy prepaid debit cards denominated in the currency of destination, and then use them to withdraw cash at ATMs or pay for goods or services. It is indeed a great way to carry prepaid cash card, carry prepaid cash card as we travel is much safer and more secure than carrying around large amounts of cash.
5. Pay for toll – Use Touch n Go card as an example, it can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme parkOther than as mentioned above, prepaid cash cards can be used as a replacement for travellers’ cash. Customers buy prepaid debit cards denominated in the currency of destination, and then use them to withdraw cash at ATMs or pay for goods or services. It is indeed a great way to carry prepaid cash card, carry prepaid cash card as we travel is much safer and more secure than carrying around large amounts of cash.
Prepaid Cash Cards – Why use them?
Nowadays so many people tend or already have their own prepaid cash cards, why is it so? The reasons are as below:
1. Remain in control of one’s money, keep track all of activity online or by phone.
2. Free balance alerts –Some card providers will inform users on how much cash they have.
3. Eliminate check cashing fees and enjoy immediate access to your money through direct deposit of your paycheck, government payment or other income sources, no bank account needed.
4. Avoid bounced check fees; always know exactly how much money you have to spend. The prepaid card can help protect you from over spending.
In a nutshell, prepaid cash card is indeed a good invention that makes life easier, it contributed a lot in eliminating debt risk with no chance to spend too much as the balance is limited to the amount reloaded, and the convenience that it provide is indeed great.
By Jian Yi (^-^)`
Posts
6 comments:
As an addition of the entry above, normally when we talk about pre-paid cash card in Malaysia, we are referring to the familiar Touch N Go card. While as in other more developed country such as Europe, United States,United Kingdom, Hong Kong and etc, they offered a wide-range of prepaid card and enable the usage of these cards to make payments and many other tasks. We are looking forward soon Malaysia will have better improvement and offer in such kind of convenience.
Ya,i agreed with what Jian Yi has mentioned in his own comment, it is indeed true that in Malaysia i don't seem there is much prepaid cash card that can be come into handy in different situations, other than the Touch and Go card. As for US,my origin country, there is various prepaid cash card providers and wider usage ranges, we noramally named them as prepaid debit card instead of Cash card.Over there as long as we have credit in the card, we have the freedom to shop almost anywhere,no hassle!
Hey Norman, really thank you for all the additional information you provides, kinda useful for us. Best wishes;)
Hi,
Good Info about to the Plastic prepaid cards.
I appreciate the skills of your blog writing and the time sharing with us.
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Plastic Card
Card is batter mode of payment than the prepaid cadh
Plastic Card
Post a Comment