Prepaid Financial Services Prepaid Card Review

The Prepaid Financial Services Prepaid Card is available in 5 Currencies - GBP, EUR, USD, ZAR, AUD and can now be managed with the Pocket to Pocket by PFS App for iPhone users

GBP CARD

^£8.95

Issue Fee

Monthly Fee £1.00

UK POS £0.00

UK ATM 1.50%

FX FEE 3.00%

INTL POS £1.00

INTL ATM 2.00%

LOAD 2.5% Via Internet Debit/Credit Cards and £1.50 via Payzone

EUR CARD

^€13.50

Issue Fee

Monthly Fee €1.50

UK POS €0.00

UK ATM 1.50%

FX FEE 3.00%

INTL POS €1.50

INTL ATM 2.00%

LOAD 0% Via Internet Debit/Credit Cards and €2.00 via Payzone

USD CARD

^$18.00

Issue Fee

Monthly Fee $2.00

UK POS $0.00

UK ATM 1.50%

FX FEE 3.00%

INTL POS $2.00

INTL ATM 2.00%

LOAD 0% Via Internet Debit/Credit Cards and $3.00 via Payzone

Product Snapshot
The Good
The Not so Good
Rating

The PFS prepaid MasterCard card is available in USD, EURO's and GBP through Prepaid Financial Services (PFS), a prepaid card company who provide prepaid cards for businesses and consumers.

PFS was set up in 2007 to facilitate small card orders for business clients interested in the concept of prepaid cards and wanting to run a trial with an off the shelf prepaid solution before launching a co-branded bespoke prepaid card solution. Prepaid Financial Services also provide individual customers with prepaid cards.

For Businesses, they promise to launch a generic prepaid card pilot or small order programme within 5 working days and absolutely no minimum volumes clauses or contracted volumes are involved. So if you want to launch a scheme for 10 cards or a 1000 cards, PFS have got a solution for you.

By using a PFS off-the-shelf prepaid card solution, you are not tied into minimum numbers of card orders or contracted volumes which is common practice with most prepaid providers.

The maths is quite simple really. PFS help you launch in 5 working days and you start earning revenue from Day 1, the more cards you sell, the more revenue you earn.

For businesses, PFS provide a unique proposition with their speed to market and this could provide you the competitive edge in your marketplace. Coupled with the flexibility of their prepaid platform and innovative SMS functionality, you can manage your account no matter where you are in the world. The unique 5 day launch for generic programmes means you can take advantage of short term opportunities in the market.

Currently, the 5 day opportunity is only available for generic prepaid card programmes and the cardholder pricing is fixed - an extremely small price to pay to test the market before investing 5 to 6 figure sums in a co-branded prepaid card scheme.

Prepaid Financial Services Prepaid Card
Reviewed by Prepaid365 on 1st September, 2009.
5 Currencies to choose from and B2B Cards too!
The Prepaid Financial Services Prepaid Card is available in 5 Currencies - GBP, EUR, USD, ZAR, AUD and can now be managed with the Pocket to Pocket by PFS App for iPhone users.
Rating: 4

Application Process

There are a number of ways you can apply for a Prepaid Financial Services prepaid card as a consumer or a business.

Apply online: if you have the right to reside in the UK, have a valid passport and a mobile phone then you can apply online on the PFS Website. Your card will arrive in 10 days
Apply by post: you can apply using an application form on the PFS Website. It can take up to 10 working days for the cards to arrive
Apply through your employer: if your employer offers thePFS prepaid card, you can apply through your employer. If they don’t, you can ask them to get in touch with the PFS prepaid card team.
Apply through your employment agency: if you are unemployed, you can still get the PFS prepaid card through your employment agency if they offer it . If they don’t, you can ask them to get in touch with the PFS prepaid card team.

Card Features

Available in 5 Currencies – GBP, EUR, USD, ZAR, AUD
Free POS transactions within the UK
You can manage your Chip & PIN secure PFS prepaid card using the Pocket to Pocket by PFS iPhone App

Card Design

At this stage, only one card design is available. We hear that more card designs are on the way for the travel, payroll and moneyshare industries.

Card Fees

The PFS prepaid Mastercard is available in 5 currencies. These are GBP, EUR, USD, ZAR and AUD.

PFS Prepaid Card GBP

Card Issue Fee – £8.95 (Card Issue + Activation)
Monthly Fee – £1.00
Transaction Fee UK – Free
ATM Withdrawal Fee UK – 1.5% (min. £1.00 – max £3.75)
Reload Fee – Free via bank transfer, £1.00 via debit card online/SMS

Visit the PFS website for a full list of fees on all 5 currency cards.

Account Management

You can service your account on the PFS prepaid card website or via an interactive voice response (IVR) facility. You can also use your mobile phone to manage your prepaid card account and move money between your cards. You can view your balance, recent transactions and change your personal details.

Using Abroad

The PFS prepaid Mastercard card is available in GBP, USD, EUR, ZAR and AUD and is Mastercard branded. This means that you can use it at over 25 million locations that accept Mastercard worldwide. A POS transaction abroad will cost you an extremely reasonable £1.00 or equivalent in USD/EURO and an ATM withdrawal will cost you 2% of your transaction value. Using a GBP card in a USD/EURO currency territory or vice versa will incur a 3% foreign exchange cost but with three currencies to choose from, you should be able to avoid this fee.

Reload Options

Funds can be loaded on to your PFS prepaid Mastercard card in a number of ways:

Using Cash at any Payzone outlet – 3% of load amount
Bank account transfer – Free
Wage Transfer – Free
Internet top up using your debit card – £1.00
SMS/Phone top-up using your debit card – £1.00
Card load from Primary to Secondary Card – 3% of transfer amount

Quite a vast array of options exist and you should choose the most cost-effective ones.

Customer Services

There are a few ways you can get in touch with the PFS Prepaid Card Customer Services team.

By Email: cardservices@prepaidfinancialservices.com
By Telephone: +44 (0) 207 125 0321
Lost and Stolen Cards: +44 (0) 207 125 0321

Complaints Procedure

The PFS prepaid Mastercard card customer services team promise to investigate and resolve all queries with 14 days. You can also use the ‘Contact Us’ facility on the PFS Website to get in touch and detail your complaint.

You may be able to take unresolved complaints to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR. Telephone: 0845 080 1800 or +44 (0)20 7964 1000 (for calls from outside the UK) and e-mail: enquiries@financial-ombudsman.org.uk

Awards

The PFS prepaid Mastercard card is an exciting new prepaid card which we think will be a big hit in the B2B and B2C markets. We are awaiting details of any award wins at this stage.

Overall Card Rating

An excellent product for businesses and consumers with a unique speed to market proposition!

Get the PFS Prepaid Mastercard Now

Prepaid Financial Services Prepaid Card Review was last modified: December 24th, 2014 by Prepaid365

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What PFS Cardholders say...

“
I congratulate you for the excellent service that you have provided me.
Nicola S., Italy
“
Many thanks for that. Excellent customer service!
Sean B., UK
“
It was really super. We used them in taxis, hotels, shops, airports. Really convenient.
Malachy O., Ireland
“
I found out about ukash through the money saving expert websitevand it is truly great for when travelling in Europe. I got the euro pre-paid travel mastercard, which you get for free and no charge for delivery. It says on the website 5-7 days for delivery and I got mine in 5 days exactly. So simple to register the card and you get the PIN immediately via text, so you can use straight away. You use it just like you would your own card but no charges for using abroad and was by far the best rate I could find when I was topping it up with euros. Easy to top up and view your balance using an online account and secure as anytime an important transaction was made you get an email. Couldn't recommend this any more!!
Emma
“
I decided to get a Ukash card as my son was off to the USA on a school trip and I didn't want him taking money or travellers' cheques. It tuned out to be a great decision as he lost cash but fortunately not the card so he still had a good time.
Richard
“
Having read the positive reviews about the Ukash Travel Money Card, I decided to give it a go and I am now very happy I did. The exchange rates are fantastic and good value for money. The website was very simple to use and I got my card within 5 days. I will tell all my family and friends about Ukash.
Joy
“
Not usually one to leave reviews, however this product was really useful. Used it to exchange some Euros for a short trip and was cheaper than the airport. Also didnt incur any charges while out there.
Ben Gough
“
Trouble free, decent telephone support. Have used the card without problems.
James Cummins
“
Been using them for some time now and I've been pretty happy with the transaction process thus far. Some ecommerce store only accept them instead of Paypal especially stores from the Asia region. Verification can take some time but since it's for our own protection, I guess it's acceptable.
James Darronte
“
Have been using for a month to pay online stores that do not accept paypal. Fairly good security/verification processes leave me feeling confident my finances are secure.
Mark Hewetson
“
So far it was the best and easiest way for me to make online transactions and payments. I ditched paypal and alertpay, cause there were too much hustle and online policies, which ruined online shopping, at least for me.
Bosica
“
I've used the T24 BlackCard for about two years now, and I recommend it to friends and clients whenever I can. It's easy to use and they've got extremely forthcoming and personal service. My firm has chosen to implement the card as part of our partner packages as the obvious way of managing our payrolls and travel expenses.
Michael Philips
“
My experience using T24 BlackCard could not be better. It is secure, worldwide accepted and high available. But what is exceptional is the support provided by the T24 Black Card Team. I feel myself a premium customer. I recommend it.
Christoph Schulz
“
I chose Pockit because it is easy and safe to use both online and in-store, since you can only spend what is available on the card you can really manage your money. The cashback offers are an additional benefit!
Maurice, Kilmarnock
“
We use the Pockit Prepaid Card for all our household expenses as it is easy to keep track of what is being spent. We try and use it at participating retailers as much as possible so we save on a weekly basis
Vaneesha, London
“
The card works great, I’ve mainly been using it for the cashback deals, I buy as much as I can from M&S instead of other places. I have found it so easy to setup and use. I remind myself of where I can save by looking on the website every so often
Meheen, London
“
Just wanted to say what a fab idea this is, I can now have the convenience of using a card when I have funds – it’s brilliant. Thank you.
Janice, Worcester
“
I really like my Pockit card, it rewards me for doing my shopping at places like M&S and Halfords
Sue, Chichester
“
Great features, looks and feels great to use compared to most banking apps
Brian Crook
“
Easy to use. Easy to transfer funds from my bank to the card. Notifications are good. All round good app. Thanks.
Adrian Stainton
“
Really quick to use - I can load my card in the queue for train tickets!! It makes keeping track of my spending dead simple.
Anon
“
Downloaded the app, added a card and loaded money all in one breath... no hassle. Even logged in online to make sure everything was ok... and it was! As a frequent Orange Cash user this app is PERFECT.
Marie Davis
“
Being an Orange card heavy user this app is a god send! Very simple and easy to use...immediate money upload too. Just what this excellent card needed to compliment it.
Peter Butterworth
“
So far so good! Easy to access my account on line, or check the balance at the ATM ecept the nearest local one which is visa and link only! Able to add standing orders to companies at my convienience, make transferrs or use the card as a debit card. Follow up has also been good with a couple of calls to make sure I'm happy with the service and am able to gain access without problems. Much more helpful than my previous TSB bank who I'd been with from childhood....I'm now 55. I've never done internet Banking til I started with Clearcash... They made the transition so easy.
Anon
“
I have had troubles in getting a bank in the high street, and going through troubles with my debt i was left in disarray with my finances! i found that no high street would touch me with my awful credit rating.. yet when i stumbled upon Clearcash i found it was the thing i was waiting sooo long for! they gave me instant approval and no credit checks, i now have my very little salary paid in (lol) and have child benefits etc put in.. very happy with all at clearcash! best thing is they have an account called Pay monthly, this is helping my credit rating get boosted :) yaaay! 10/10
Joethedon1958
“
I have had a ClearCash card for a few years now and recently received an email saying they are changing the service. They are now utilising Cashplus who are quite a large outfit but the card is still ClearCash. Simple process to transfer and ClearCash call centre there to help. Cashplus customer service wasnt as good - but answered my queries. Got lots of confidence with ClearCash, unlike others, they listen to your feedback! Now got my own account number and sort code which is really helpful too!
Gregor123
“
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