The application of pre-paid cash card for consumers

In the recent years, the “Pre-paid Cash Cards” came into existence and popularity. Pre-paid cash cards have surpassed credit cards and checks worldwide as the dominant non-cash consumer payment system. The card can be used to purchase a wide range of goods and services including telephone services. The card can also be used to make cash withdrawals at an ATM or a point-of-sale terminal.

Pre-paid cash card can be issued to “bankable people” and “unbanked people” which are no bank account needed, no banking history needed, no credit check, no employment verification needed and everyone can be approved to use it.

By the way, pre-paid cash cards are much safer for the banks to issue because all transactions for these new cards are authorized online against account balances. The payment option of pre-paid cash card is quickly and securely moves “checking account like” funds without the hassles or risks involved with paper checks. Security features such as personal identification numbers (PINs) also protect consumers against theft and fraud.

Pre-paid cash card has a numbers of advantages and consumers prefer pre-paid cash card because they act virtually the same as cash, only with much more security. Consumers who make debit card purchases are free of interest charges associated with credit cards. Consumers can conveniently and inexpensively transfer funds to friends and relatives anywhere. Un-banked consumers can pay bills and purchase products and services online or through phone calls.

In the conclusion, the pre-paid cash cards are more convenient and safety for consumer. That’s why recent years the pre-paid cash cards are become popularity.