E-commerce Weblog

Prepaid cash cards
Prepaid cash cards are plastic cards, which fall under the pay first category of plastic payments. It is a rechargeable stored value smart card used to transfer electronic payment in online or offline. Prepaid cash cards can be used to make payment for goods and services and withdraw money. The user needs to reload before the user can use it. Prepaid cash cards are designed to be used as an alternative. It is a convenient smart card which is widely and commonly used by everyone to settle payment in ease


Application of pre-paid cash card for consumers
1. Pay bill – Bills such as rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.

2. Convenient- The users can shop anywhere as long as the card using is accepted at different retailers. The users can pay fuel at the patrol station, purchase pay by phone, and shop on the Internet.

3. Withdraw cash at ATMs- The cash can be withdrawn any time.

4. Transfer money – Some prepaid cash provides money transfer service via bank wire transfers. For some prepaid cash card they provide the convenient such as send or receive money via bank wire transfers, between two cards.

5. Pay for toll – Touch n Go can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme par.

Furthermore, prepaid cash cards can be used as a replacement for travelers’ cash. Customers buy prepaid debit cards and them to withdraw cash at ATMs or pay for goods or services. It is indeed a great way to carry prepaid cash card as it is much safer and more secure than carrying large amounts of cash.



Reference

1)http://www.moneysupermarket.com/cards/prepaid-cards-guide1.asp

2)http://usa.visa.com/personal/cards/prepaid/index.html

3)http://www.mastercard.com/us/personal/en/aboutourcards/gift_prepaid/

4)http://www.electronic-payments.co.uk/solutions/Splash_plastic_card

5)http://images.search.yahoo.com/search/images?&p=touch+n+go+card&rs=0&fr=sfp&fr2