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11 years ago
Monday, July 6, 2009
What is Pre-paid cash card?
Prepaid cash cards are plastic cards, which fall under the pay first category of plastic payments. They offer the same ability as credit and debit cards to purchase products and services but you can only spend the balance that has been preloaded onto the card. Prepaid cash cards can be used to make payment for goods and services and even to withdraw money. The user needs to reload the card with a sum of money before using the card. Prepaid cash cards are designed to be used as a safer alternative as compare to cash. With just a card we can go anywhere we want. It is so convenient and safe.
Prepaid Cash Cards – Why use them?
Nowadays, people can limit their spending with their prepaid cash card that load funds onto the card and use the money. The following are the benefits if you have a prepaid cash card on hand.
1. To budget for yourself, keep track all of activity online or by phone. Like a credit card, you get a full breakdown of spending on the card so you can see what has been purchased, who from and when. Therefore, you will improve your credit rating without running the risk of having any debt.
2. Avoid bounced check fees; always know exactly how much money you have to spend. The prepaid card can help protect you from over spending.
3.Prepaid cash cards are a good option if you are going overseas. They are popular with students heading off on gap years and children who go abroad on school trips as parents can reload them conveniently and efficiently.
4.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.
5.No chance of spending too much. By using prepaid cash cards, you are limited to the amount you put on your card.
Example of Pre-paid cash card using in Malaysia
Touch ‘n Go (TnG) smart card is an electronic payment system that can be used by Malaysian at all highways, major public transport in Klang Valley, selected parking sites and theme park. Well, 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. It is imitating the success of Hong Kong’s Octopus Card by setting 5 to 10% of the card holders for retail purchase as current target of the company.
Prepaid Cash Cards – Why use them?
Nowadays, people can limit their spending with their prepaid cash card that load funds onto the card and use the money. The following are the benefits if you have a prepaid cash card on hand.
1. To budget for yourself, keep track all of activity online or by phone. Like a credit card, you get a full breakdown of spending on the card so you can see what has been purchased, who from and when. Therefore, you will improve your credit rating without running the risk of having any debt.
2. Avoid bounced check fees; always know exactly how much money you have to spend. The prepaid card can help protect you from over spending.
3.Prepaid cash cards are a good option if you are going overseas. They are popular with students heading off on gap years and children who go abroad on school trips as parents can reload them conveniently and efficiently.
4.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.
5.No chance of spending too much. By using prepaid cash cards, you are limited to the amount you put on your card.
Example of Pre-paid cash card using in Malaysia
Touch ‘n Go (TnG) smart card is an electronic payment system that can be used by Malaysian at all highways, major public transport in Klang Valley, selected parking sites and theme park. Well, 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. It is imitating the success of Hong Kong’s Octopus Card by setting 5 to 10% of the card holders for retail purchase as current target of the company.0 Comments:
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