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Fees and Details. Card Purchase Fee. Free if bought online; up to $9.95 at retailers. Monthly Fee. Between $5 and $9.95 per month or $1.50 per transaction, depending on the plan
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.
In reality, the rechargeable calling card is a specialised form of a prepaid or debit account. To use the phone card, the user would call an access number (which is usually a toll-free telephone number), enter the "card number" (also called the PIN) and then dial the desired telephone number. The user could add value to the card at the same ...
PaysafeCard is a prepaid cash-based, online payment method based on vouchers with a 16-digit PIN code. The vouchers can be used to fund online transactions without a bank account, credit card, or other personal information.
The first Prepaid card was called "Mimo" and was launched by TMN, the mobile phone operator of Portugal Telecom, in September 1995. [8] In 2006 Swisscom celebrated ten years with its product and service "NATEL® easy" which also holds a patent on "Prepaid mobile subscriber identification card and method implemented thereby". [9] [10]
Initially, the cards can be purchased only from Metro Stations, Bus Terminals and some Bus Stop ticket machines. These prepaid cards can be "topped-up" online, at ticket machines, or at ticketing offices by credit, debit card or cash. The card is designed to reduce the number of transactions at ticket offices and the number of paper tickets.
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