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Finding
Best Prepaid Cards Providers
Prepaid cards work
in the same way as your debit or credit card does; the difference being
that none of your bank details are stored on the card.
Fraudster’s are interested in a whole identity to sell for
profit, but shopping online with a prepaid card is essentially like
paying with cash as none of your bank or credit details are associated
with the transaction. No statements are sent in the post either unless
requested, eliminating the possibility of your mail being intercepted.
Another benefit is your control over the balance; because the limit of
what can be withdrawn from the card is the balance stored on it, there
is no opportunity for retailers to charge you more than you intended to
pay or for fraudsters to build up debt on your behalf.
Forecasts show that by end of 2010, there will be over 7 million
prepaid cardholders in the UK compared to 2.3 million in 2008. This
phenomenal growth will largely be driven by people’s desire
to take advantage of the internet without being taken advantage of..
Prepaid Cards Overview
All Prepaid Cards are
reloadable, Chip & PIN prepaid cards.
It works in the same way as a pay as you go phone; you can top it up
with cash at many locations nationwide, have your wages paid directly
from your employer or transfer money from a bank account to your
prepaid card. Spend without fear of debt or fraud at millions of
retailers online or on the high street, you can even use it to withdraw
cash from ATM’s.
With most prepaid cards, you can get the following benefits
* No risk of debt - spend only what you
have
* No credit check or bank account
required. 100% approval of all applicants above the age
of 10 (Below 14 need parental consent)
* Share money with friends and family
around the world with option to have additional
cardholders on your account
* Shop anywhere in the world where they
are accepted - on the Internet, over the phone
and on the high street
* Shop securely with Chip and PIN
* Most provide 24/7 balance enquiry phone
line and online account management
* Top Up at any Post Office®
branch or PayPoint outlet, over 34,000 locations across the
UK
* Top Up online with a credit or debit
card
* Have your wages paid directly to your
card by your employer for FREE!
* Transfer money from any bank account to
your card for FREE!
* For your protection, many prepaid cards
providers put a limit of a maximum card balance,
usually around £3,500
Who would want Prepaid Cards?
Prepaid
Cards has numerous uses as:
An
Everyday convenience card for those who
don’t
have a bank account and
need a home for
their money
are
newcomers to the UK, don’t have a credit rating
and
need plastic
are
going abroad and prefer to carry cash on a card
A money sharing card for those who
wish to
share money with friends and family
anywhere in the world
additional cards, your loved ones can have access to your money and
make purchases at over
9 million worldwide locations
An
Online Internet Payment Card for those who
wish to shop online but don’t have plastic
are worried about online fraud
feel that online shopping is subject to potential fraud
The
Online Gaming card for those who want to
indulge in the latest gaming online - and have their winnings paid back
onto their card
for free.
limit their financial exposure by not using their credit card
protect their identity online
The
Payroll card for those
employee’s who want their wages to be paid on a card and save
cheque cashing fees
employer’s who want to pay their staff using a card instead
of cash/cheque
want to take control of their spending. Where, When & How
– they decide!
Summary -
Benefits of Prepaid Cards
The
Benefits of Prepaid Cards for consumers are well documented. The
prepaid card solutions can be used across a wide range of sectors which
include Payroll, Expense Management, Travel, Money Share, Insurance,
Gaming and Online Shopping amongst others, with reduced exposure to
fraud in a safe and secure environment. This provides cardholders with
peace of mind, convenience and an altogether better value for money
proposition.
As a cardholder, you can use your card to make purchases online,
in-store and over the phone at millions of worldwide merchant locations
that accept the cards.
Some of the benefits of prepaid cards are:
* Usually Instant online approval
* No credit checks or bank accounts
required to receive a card
* Card is not linked to your bank
account – your bank details are secure. Protect
your
identity online
* Share money with friends and family
around the world with additional cards
* You can only spend what is on the
card, enabling better management of your money
* Easy to block the card by SMS if the
card is lost or stolen
* Check your balance online or by SMS
* Shop securely with Chip and PIN
in-store, online and over the phone at million of
merchant locations worldwide that
accept MasterCard
* Top up your card at over 30,000
locations across the UK and online
* Have your wages paid directly to your
card by your employer for FREE!
* Transfer money from any bank account
to your card for FREE!
* Carry cash on a card when you travel
abroad
* Review your account and transactions
with 24/7 secure online access
Articles,
Tips & Resources Stock Market For Beginners:
How to Invest Wisely - The stock market is like a big superstore, a
buying and selling place where people buy stocks. These exchanges are
where the buyers and sellers are matched. With the exchanges as the
main players...Read More...
Reverse Mortgages:
Pros And Cons of Reverse Mortgages -The money that you get out of
reverse mortgages can be spent on just about anything that you choose.
As a senior, you have the freedom to spend on luxuries as much as you
do on necessities...Read More....
Automated Forex Trading System:
Automated Forex trading system enables traders to execute their trade
on spot Forex market automatically and anytime of the day...More..
Debt Credit Repair:
Learn the different ways to get you credit score over 750...More..
Don't
miss...Recommended
eclipse
Prepaid Card The eclipse Prepaid
MasterCard® is truly a versatile financial product. It is
perfect for everyday shopping, locally or abroad, while providing you
with a valuable payment and budgeting tool. What’s more, you
can load your card for free via bank transfer or at any UK Post
Office® branch....More info...
OPTIMUM
Your Prepaid MasterCard giving
you complete control of your money and spending along with the freedom
to choose how and where without the risk of debt and reduced exposure
to fraud.More...
Take
on SplashPlastic
– the low-cost prepaid debit card from 360money. 360money
is the UK’s premier network for Prepaid MasterCard and
Maestro cards....Check it out here.....
BabeeCard Aimed primarily
at mums and mums to be but anyone is welcome to a BaBeeCard.
The key difference between BaBeeCard and other prepaid cards is users
can save money on their everyday family living essentials at high
street retailers such as ASDA, Sainsburys', Argos, Boots, M&S,
MotherCare and many more known retailers. There are over 100 retailers
to choose from. More Info....
Amazing Credit Score Secrets Revealed book
Most Unique Up-To-Date Credit Repair+Credit
Score Guide in the Uk! Refused Credit? Bankrupt? Need help? Speediest
Path to Highest Credit Score.
Solve My Debt has been
helping people solve their
debt problems for many years and are specialists in debt management
plans. Solve My Debt will distribute your monthly payments to your
creditors on your behalf and negotiate to try and reduce/freeze
interest and charges on your accounts. Here at Solve My Debt we will
perform a confidential review of your circumstances for FREE to see if
you are eligible Click here to learn more about debt
management
The
Claims
Guys are the new consumer champions when it comes to personal
injury
claims or the recovery of bank charges, in particular payment
protection insurance, (PPI) and credit card charges. The Claims Guys
are authorized by the Ministry of Justice. No Win No Fee. Check
it here