Prepaid credit cards are already sparking a revolution in how transactions are performed today. The future for prepaid cards looks rather promising. Widely used in America, other countries are also ramping up legislation and acceptance of Prepaid credit cards. The UK Market is one of the more mature markets.
They allow an average individual to enjoy the benefits offered by a credit or debit card. People having low credit worthiness can depend on these credit cards to perform various types of transactions such as making reservations for car rentals, hotels and purchasing items online.
Prepaid credit cards are now being used for Money Transfer, Travel, Gaming, Online Shopping, Payroll and Expense management, Privacy and Gifting.
Prepaid Cards in the Gambling Arena
Despite the fact that consumers are extremely wary of sharing their credit/debit card details online, over 6 million people indulge in online gambling every month. The main reason for the anxiety around credit or debit cards is that these cards tend to be linked to a bank account which means there is a greater risk of loss to fraudsters. Prepaid cards can be an excellent alternative in these circumstances. As a prepaid credit card, it is not linked to any bank account and a scheme branded (Mastercard or Visa) prepaid card can be used for making purchases on gaming and gambling sites.
The usual age checks apply which is great but one of the biggest advantages in this era of social responsibility is that you can only spend up to the value of money loaded onto the card. This means better control and no overspending even if you want to whilst gambling online. In addition to providing a different secure payment method, prepaid cards also provide online gamers and gamblers with an excellent way of staying in control.
Find the right prepaid card for you
Find out more about the benefits of prepaid cards for gaming and gambling at Prepaid365 or visit our consumer prepaid card comparison section to find the best prepaid card to suit your needs.