What is a prepaid card
You put the cash on a card and it can be used in shops and restaurants. But remember the key:
If you don’t put money on it, you can’t spend it.
Think of them as pay as you go mobile phones. You can’t spend more than $0. You can’t overspend.
Another advantage is that when you apply, you don’t get a credit check, which makes the application process much easier. It’s a good choice for those who have just moved to the United States or have a poor credit record.
Prepaid cards vs. credit cards:
Prepaid cards are very different from credit cards. This can be confusing because both types of cards may have card network logos, such as visa, MasterCard, American Express, or discover. When using a credit card, you are borrowing money. Usually, when you use a prepaid card, the money you spend is pre loaded into the card. If your prepaid card provider also provides credit (including overdraft) for your prepaid card, it will need to comply with all the rules of other credit cards.
Prepaid cards vs. debit cards:
The prepaid card is not linked to a bank account. Instead, you have to spend money to pre deposit the value in your prepaid card account.
In most cases, you will not spend more than you have loaded into the prepaid card. For checking accounts, there may be overruns for certain purposes, and if you “choose to join” the bank’s overdraft plan, there may be overruns on the debit card of the bank account. This means that your bank may charge you more than your account can pay for a purchase or ATM withdrawal. Your bank will also ask you to repay the overdraft.
We also call it a gift card.
This is the most common and common gift card.
Gift cards can’t be used to get cash. They usually need to be registered online. When a gift card has a balance of $0 or close to $0, a particular card becomes useless because it has no way to top up.
The U.S. credit card Act covers gift cards with the purpose of “protecting consumers from certain unexpected costs and requiring that the terms and conditions of gift cards be clearly stated.”. For example, these rules prohibit dormancy, inactivity, and service fees for gift cards, and stipulate that the maturity date of funds related to gift cards must be at least five years after the issuance date.
The flexibility of non rechargeable prepaid cards stems from the fact that prepaid cards can be used anywhere a particular brand of MasterCard, visa or American Express card is accepted. Prepaid cards are not used as a convenient gift, but are often used as an alternative to bank accounts for shopping, obtaining cash at ATMs or paying for online services.
How to purchase prepaid card with CVV?
If you carefully read the above content, you will find the characteristics of prepaid cards. 1. The validity period is 5 years. 2. It will not be recovered after sale. 3. There may be no real name. 4. Online shopping and ATM are available.
I’ll tell you some websites that can be used to buy prepaid cards, but I won’t tell you what kind of cards to use to buy, because I’m not a philanthropist.