Prepaid Cards are the terms suggests are payment cards which need to be loaded with funds before you can use these funds. They are also known as paybefore cards as you actually load the cards using cash or by transferring money from your credit or debit card and then use the card when you need to for shopping, bills, travel, money transfer and a whole lot more. With a prepaid card there is no credit available and there is no overdraft facility as well. There is no interest earned or due on prepaid cards either. Prepaid Cards are available in different currencies such as EUR, GBP, USD and can also be branded such as MasterCard or VISA branded. Some cards can only be purchased by individuals for themselves whereas others can be bought as gifts. Prepaid Cards can also be used to share money with friends and family and there are a number of prepaid cards for teenagers which can be used to teach kids fiscal responsibility. There are even prepaid cards with come with basic bank account facilities including standing orders and direct debits.
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ARE PREPAID CREDIT CARDS DIFFERENT FROM PREPAID CARDS?
The term prepaid credit card is sometimes used to describe prepaid cards even though there is no credit or overdraft actually available on a prepaid card. So prepaid cards are the same as prepaid credit cards and are also know by a few other names such as prepaid debit cards, prepaid cash cards and prepaid bank cards. In a number of instances, people use the term "prepaid" but the terms "pre paid" and "prepay" are also used to describe the same product - a prepaid card. So essentially a prepaid card is not a prepaid credit card at all as there is no credit facility or credit limit and you can only use a prepaid card if you have an active balance on the card.
PREPAID MASTERCARD OR PREPAID VISA CARD
A number of scheme branded prepaid cards are available. These are usually MasterCard, VISA and Maestro branded. It does not really matter if you get a prepaid MasterCard or a Visa prepaid card as both MasterCard and VISA have vast acceptance networks across the globe. A prepaid MasterCard usually has a MasterCard symbol on it and can be used in over 30 million retail locations worldwide in addition to 2 million ATM's to make withdrawals where you see the MasterCard acceptance symbol. A prepaid VISA card allows you to do exactly the same wherever you see the VISA acceptance symbol. There are a lot more prepaid MasterCard cards currently available in the UK today but VISA are also making a strong push in the market with a number of VISA branded products having been released recently. Maestro is also a MasterCard brand but its acceptance is far lower than that of a prepaid MasterCard. You can compare prepaid credit cards including prepaid MasterCard and Visa prepaid cards in our comparison section.
Prepaid365 provides you with the ability to review and compare prepaid cards. Visit our comparison section and compare prepaid cards for everyday use, travel, money transfer, gaming, youth, privacy and for business. Our business section provides a list of leading prepaid card providers and suppliers who work within the prepaid card industry. You will find programme managers and issuers who can help you launch prepaid card programmes along with legal, insurance, marketing and finance firms who can help manage and improve your prepaid card proposition. Check out the supplier directory for prepaid card providers and business prepaid cards.
BUSINESS PREPAID CARDS
Prepaid Cards can be extremely beneficial to businesses as they can help deliver administrative efficiecies and cost savings. Prepaid cards can be used in the business world in a number of ways either as an employer or employee, a customer or a merchant or to enhance an existing business process. Prepaid cards can be used as a mechanism of paying temporary, unbanked and contracted staff. They can also be used to manage business expenses especially travel expenses for global organisations. They can be used to manage staff reward schemes or to launch loyalty and incentive schemes, rewarding and gifting employees or customers. They could be used as payout cards for online workers or gaming cards to payout winnings or as rebate cards within the insurance industry to payout insurance claims or simply to launch a virtual e-wallet for scheme member, for the risk averse or those who value their privacy. There are numerous prepaid card providers who can help you launch prepaid card programmes for big business as well as others that can help you launch small business prepaid card programmes or white label programmes. Our business prepaid card recomments 3 providers each for small and large businesses.
WHY SHOULD I USE A TRAVEL MONEY CARD
A travel money card or prepaid travel cards as they are also known are typically prepaid credit cards which are suited to being used to carry travel money overseas. These prepaid cards are available in Euro, Dollars and Sterling and provide overseas travellers with a number of advantages when used abroad. Most prepaid currency cards are free to get and they provide excellent business level foreign exchange rates. This means that with a travel money card, you are able to make your money last a lot longer than if you used an expensive kiosk at the airport to get foreign currency. Most currency cards also provide free retail use abroad (no fee) and some even allow you to make free ATM withdrawals abroad. The best bit is that should you unfortunately be defrauded abroad, your exposure is usually limited to the funds on your card as and your bank accounts are safe as your card is not linked to your bank account in most instances. Prepaid365 provides you with a comparison of the best travel money cards in the UK.
MORE ABOUT PREPAID CARDS AND PREPAID365
Prepaid365 is the UK's leading site for prepaid credit cards. You can compare and review Prepaid credit cards including Prepaid MasterCard cards and Prepaid Visa cards at Prepaid365. Find the right prepaid card for you. Review and compare prepaid credit cards for Money Transfer, Travel, Shopping, Payroll and Gifting. No credit checks or bank accounts required.
We provide a listing of all the pre paid products available in the UK market with comprehensive reviews and ratings. With an ever increasing number of prepaid credit cards being launched in the UK for both businesses and consumers in various sector, Prepaid365 provides you with the tools to make the best decision possible whether you are looking for a prepaid MasterCard or a Visa Prepaid Card. The site focusses on UK prepay cards across all sectors such as money transfer, travel, shopping, payroll, expenses, online shopping and gifting and also hosts the Prepaid365 Prepaid Card Awards providing consumers with a choice of the UK's best prepaid cards (includes prepaid MasterCard and Visa cards) and also includes listings of free prepaid cards or no fee prepaid cards in the UK Market.
Options available include magstripe, Chip and PIN and contactless solutions. These can be private label, co-branded, or scheme branded such as MasterCard, VISA, Maestro, Amex, JCB, etc. Further options include multiple currencies. So you can get prepaid credit cards or prepaid mastercard or prepaid Visa cards as a travel card denominated in various currencies with EURO, USD and GBP with new currencies being added all the time such as Australian Dollars, South African Rand, Japanese Yen and Swedish Krona to name a few. Currency Cards are becoming extremely popular for travel abroad. Many of the product solutions also offer different tariffs to include tariffs such as pay weekly, pay monthly, pay annually or simple Pay As You Go options fee structures. This is where the Prepaid365 site aims to help you by presenting and explaining all the options available to allow you to find the right product for your business and you . At the end of the day, there is a good enough reason for everyone to have prepaid credit cards. Visit our comprehensive prepaid FAQ section to find out more about prepaid debit cards, free prepaid credit cards, prepaid MasterCard and prepaid Visa cards in the UK or visit our card review section to read out independent unbiased and comprehensive UK prepaid card reviews. So whether it is a prepaid MasterCard or a prepaid VISA card, Prepaid365 can help you find the right prepaid credit card.
Prepaid Cards are an excellent alternative to Bank Accounts and there are numerous prepaid cards which are ideal as basic bank accounts with direct debit and standing order facilities along with a MasterCard prepaid card attached to the account. Furthermore, prepaid credit cards also serve as excellent credit cards for bad credit or bad credit credit cards.
