What is prepaid cash card.
The prepaid cash card is a stored valued card and it requires insertion into a card reader or contact with the card reader to perform a transaction. The function of prepaid cash card is almost same with credit card but the only different is prepaid cash card only can be used when the money loaded in have not finished. Obviously, it provides users to have a better control on their money.
Benefit of using prepaid card reader.
First of all, the transaction can be taken place within short period of time. The user only needs to insert into the device or scan with the device, after that the receipt will be given to the user to sign on it. The user is not needed to prepare the right amount of money to pay for it. So, it saves time and it is easy to use. It is sure that it does a favour to those who are out of time because transaction is completed within a short period. Besides that, users also need not to have a long queue to purchase public transportation tickets.
When we are carrying large amount of money, it is easy for us to lose the money. So, it is wise to use prepaid cash card to prevent the loss of cash. If the card is lost, user can make a report to the card distributor to prevent unauthorized transaction. The card also can be replaced by the user. So, we can see that the assets of prepaid cash card user are safeguarded.
Nowadays, bankruptcy cases are increasing due to the usage of credit card. So, it is a must for the consumer to have a proper plan in using their money. The prepaid cash card can help the consumers to plan their spending by having a limit on the amount of money that can be used by them. The amount of money in prepaid cash card is depended on how much the amount of money the user loaded in. Thus, the users cannot use more than the amount of money that they loaded in.
Example of prepaid cash card
Touch’n go card in Malaysia usually is used to pay transportation fees when taking a ride on public transportation or passing a toll. Touch’n go also can be used to pay parking fees in certain building in condition that there is a reader device. But soon, the Touch'n go card can be used to buy fast food and goods in convenience shop. For the Octopus card in Hong Kong, it is used for payment at convenience stores, supermarkets, fast-food restaurants, on-street parking meters, car parks, and other point-of-sale applications such as service stations and vending machines.
The prepaid cash card is a stored valued card and it requires insertion into a card reader or contact with the card reader to perform a transaction. The function of prepaid cash card is almost same with credit card but the only different is prepaid cash card only can be used when the money loaded in have not finished. Obviously, it provides users to have a better control on their money.
Benefit of using prepaid card reader.
First of all, the transaction can be taken place within short period of time. The user only needs to insert into the device or scan with the device, after that the receipt will be given to the user to sign on it. The user is not needed to prepare the right amount of money to pay for it. So, it saves time and it is easy to use. It is sure that it does a favour to those who are out of time because transaction is completed within a short period. Besides that, users also need not to have a long queue to purchase public transportation tickets.
When we are carrying large amount of money, it is easy for us to lose the money. So, it is wise to use prepaid cash card to prevent the loss of cash. If the card is lost, user can make a report to the card distributor to prevent unauthorized transaction. The card also can be replaced by the user. So, we can see that the assets of prepaid cash card user are safeguarded.
Nowadays, bankruptcy cases are increasing due to the usage of credit card. So, it is a must for the consumer to have a proper plan in using their money. The prepaid cash card can help the consumers to plan their spending by having a limit on the amount of money that can be used by them. The amount of money in prepaid cash card is depended on how much the amount of money the user loaded in. Thus, the users cannot use more than the amount of money that they loaded in.
Example of prepaid cash card
Touch’n go card in Malaysia usually is used to pay transportation fees when taking a ride on public transportation or passing a toll. Touch’n go also can be used to pay parking fees in certain building in condition that there is a reader device. But soon, the Touch'n go card can be used to buy fast food and goods in convenience shop. For the Octopus card in Hong Kong, it is used for payment at convenience stores, supermarkets, fast-food restaurants, on-street parking meters, car parks, and other point-of-sale applications such as service stations and vending machines.
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