Reloadable Prepaid Cards
Convenient Branded Debit and Credit Cards
Prepaid Debit Cards – Credit Card Service – Prepaid Card Programs – Online Payments
Choosing a financial card that will be used for transactions is an important decision for any consumer or business. Which card is the best option? Debit cards, credit cards or prepaid cards? In order to determine which card option is most ideal for your financial needs, it is important to understand the basics about each card program.
A debit card is a plastic card linked to a financial account for usage to complete payments or purchases. It is considered a form of cash payment, as the funds used to complete a transaction are automatically withdrawn from the financial account that the card is associated with.
Debit cards are convenient for both the customer and the merchant. Checks can be annoying to write, cumbersome to deposit and slow to clear. Debit card transactions usually clear within 24 hours. Plus, business establishments accept debit cards more often than they accept checks, and businesses generally pay less to process debit card payments than they do to process credit card payments.
Like a debit card, a credit card is also a plastic card issued by a financial institution to complete payments and purchases. Instead of the needed funds to complete the transaction being deducted from an associated financial institution, they are issued in the form of debt by the underlying credit card company. A card user is agreeing to pay back the borrowed funds at the associated interest rate over time.
Credit cards share a number of specific characteristics that, as a group, define this form of credit. They're issued by lenders, typically banks, credit unions, or other financial services companies. They're widely accepted as a way to make purchases in person, by phone, or online
They offer access to revolving credit, which means you have continuing access to an amount of money known as your line of credit. When you use the card, you're borrowing against that line. Any amount you repay is available for you to borrow again
They add a finance charge, figured as a percentage of the amount outstanding against your credit line, to what you owe if you haven't paid the previous balance in full by the due date
A prepaid credit card offers the user the same benefits as a regular credit card, but there is no inherent risk on the part of the card issuer or the user. The funds used to complete purchases with a prepaid credit card are not borrowed, but pre deposited by the card user. The card user can utilize funds available for purchases, but must refill their account to continue spending beyond the pre established spending limit.
Credocard prepaid cards can be used worldwide at ATMs, POS and for online purchases, as well as for verifying and adding to online accounts (Paypal, eBay, Alertpay, Moneybookers, Neteller, etc), for both funding and withdrawal. These credit cards can also be used with most online services such as Google Adwords, eBay, Walmart, and more. International cardholders are accepted.