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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.
It is the world's largest prepaid debit card company [2] by market capitalization. Green Dot is also a payment platform company and is the technology platform used by Apple Cash, [3] Uber, and Intuit. The company was founded in 1999 by Steve Streit as a prepaid debit card for teenagers to shop online.
The program was Visa's first prepaid card product and was launched in 2000. [1] Visa Buxx is not a credit card; instead, it debits a prepaid account, which enables parents to load the card's account online or over the phone and monitor spending, so parents can work with their teen to review their spending habits and avoid unexpected debt and interest charges.
2. Netspend Visa Prepaid Card. Most people have heard of cash-back credit cards, but did you know that some of the best prepaid debit cards offer cash rewards as well?When it comes to cash rewards ...
Pros. Cons. Can get a free debit card even if you don’t have good credit. Many prepaid cards come with fees such as activation fees, transaction fees, reload fees, withdrawal fees.
Prepaid credit card, a card that debits money from an associated account that ordinarily uses a signature rather than a PIN for verification Stored-value card , a card that has a monetary value that is recorded as data on the card itself, and thus can be used without online access to an associated account
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