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The company was founded in 1999 by Steve Streit as a prepaid debit card for teenagers to shop online. In 2001, the company pivoted to serving the " unbanked " and " underbanked " communities. In 2010, Green Dot Corporation went public [ 4 ] with a valuation of $2 billion.
A prepaid debit card is a payment card that operates differently from traditional debit cards linked to bank accounts. Instead of drawing funds from a bank account, users preload money onto the card.
Fees. Card Purchase Fee. $0 if purchased online; up to $5 at retail locations. Monthly Fee. None. Reload Fee – No fee from American Express or to reload at Walmart
Here are some of the best prepaid debit cards currently available, according to GOBankingRates: Bluebird American Express® Prepaid Debit Account: Best overall. Netspend Visa Prepaid Card: Best ...
In August 2012, the company announced a joint venture with Central Payment Co. LLC, a direct merchant acquirer. [13] In December 2012, the company acquired ProPay, a Utah-based company with over 250,000 merchants. [14] In July 2013, the company acquired Netspend, a prepaid debit card provider, for $1.4 billion. [15]
Visa Inc. (/ ˈ v iː z ə, ˈ v iː s ə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [2] [5] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.