Sunday, July 5, 2009

The application of pre-paid cash card for consumers

A prepaid cash card looks like a credit or debit card. But, the differences are prepaid card users can only spend when the prepaid cards are reloaded its balance. A prepaid cash card allows consumers to purchase something even when they don’t have the cash to pay for it. It benefits consumers in their everyday life. So, Prepaid cash cards are designed to be used as a safer alternative as compare to cash. It allows consumers to have a better control over their finance.

The Application of prepaid cash card :

1.Online shopping - Prepaid card users can purchase any products and make payment through online.

2.Bill payment - Rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.

3.Withdrawing and transferring cash – Prepaid card can withdraw cash through any ATM machine . It also can transfer cash to other people or receive cash from another people through ATM machine.

4.Topping up mobile phone – Prepaid card can be used to top up mobile phone’s credits. Funds can also be transfer to the prepaid phone via text message.

5.Toll payment - Using Touch‘n Go card is an expressway of making toll payment at all highways and use for public transports’ fares like bus, LRT and so on in Malaysia.

6.Virtual traveler’s check - Some prepaid card like MasterCard travel card is acceptable in worldwide. Card users can ask their family to deposit money and use it when needed in the trip


Benefits of using prepaid cash card :

1.Consumers can go for shopping without carrying loads of cash but only shopping with a card which is safer.

2.Consumers can control their spending which only can spend the amount deposit in the card.

3.Consumers who make debit card purchases are free of interest charges associated with credit cards.

4.Consumers can conveniently and inexpensively transfer funds to friends and relatives everywhere.

1 comment:

  1. prepaid card rili convenient....like it very much...

    ReplyDelete