Reasons to consider using a prepaid card
Why you should consider using a prepaid card
Prepaid cards are usually promoted as a perfect alternative for those who have a trouble maintaining a bank account. Even though it is a valid argument, turns out there are so many more reasons why a prepaid card is such an appealing choice.
First of all, a prepaid card can do everything a debit or credit card does. You can use it to shop online, pay bills or withdraw cash. The main difference from the other types of cards is that prepaid cards are pre-funded and the transactions are paid with loaded funds.
In case of a card loss, having a prepaid card will result in little, if any damage. The reason for that is that usually prepaid cards are loaded only when a certain purchase is planned. So if the card is lost or stolen, only the funds present at the moment can possibly be lost. In addition to that, prepaid cards are not linked to the accounts in the same way as for other types of cards, so in case of a theft, account balance will not be exposed to misuse.
Prepaid cards are extremely convenient when it comes to payments to international staff, freelancers, affiliates, partners etc. It’s an extremely simple option to set up and it works without any issue locally and internationally. All you need to do is have the details of the recipient and simply load the card.
It is also a great option to teach your kids budgeting and money management without risking to overcharge your credit card. All you have to do it simply load the amount you wish and set limits for spending.
So as you can see there are quite a few reasons why the market of prepaid cards is experiencing such a growth. If you got interested yourself, let us know – you can start benefiting from Satchel prepaid card in no time.
