The application of pre-paid cash card for consumers

Monday, June 29, 2009

Pre-paid cash cards look like credit and debit cards and they offer the same ability to purchase goods and services. It also designed to be used as a safer alternative as compare to cash. User must reload a credit with a sum of money before them start to using the card. This means there is no risk of running into debt as it has no credit or overdraft facility.

The prepaid cash card can be use in several ways,

1. Get cash-Withdrawing cash from ATM in anywhere and anytime of the day.

2. Transfer money - provide the convenient such as send or receive money via bank. This system is normally use to remittance money to friends and family either in the different of countries

3. Shop anywhere –can buys fuel at any petrol station such as petronas,shell,esso as long as the card using is accepted at different retailers.Thus,it also can be use to purchase good and services on internet such as ebay and amazon
1.Paying bills -can paid any bills immediately such as phone bill, rent, utilities, insurance, car payment, water and electricity

4. The card of travel –Traveler can buy prepaid debit cards denominate the currency in that countries .It can be used as a replacement for travelers’ cash
by using them to pay for goods and services. This is a best way to keep their money save and more secure than carrying large amount of cash

5. Pay for toll – Use card as an example"Touch n Go" ,by just top up the credit ,it can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme park .

Reference link

http://www.moneysupermarket.com/c/prepaid-cards/guide/