Prepaid Cards For General Use provide consumers, businesses and governments with an efficient, secure and flexible way to make electronic payments without the need for credit. These cards are wonderful tools for budget management, because they allow to pre-finance purchases. Consumers can thus exercise greater control over their expenses, and avoid interest or overdraft fees.
Benefits for Customer Prepaid Cards For General Use
Funds are accepted everywhere. Consumers can make purchases anywhere the card is accepted, whether online or over the phone.
The funds are accessible immediately. It is no longer necessary to wait until the check arrives by mail or is cleared at the bank; the funds are available as soon as they are deposited by a consumer, a company or a government.
The cards are practical and easy to use. At points of sale, they work similarly to credit and debit cards, and they offer the same protection against fraud and loss.
Cards are a good budget management tool. These cards are wonderful tools for budget management, because they allow to pre-finance purchases.our recommendation to use mygiftcardsite balance
Consumers can avoid high overdraft or interest charges. These cards make it possible to finance purchases beforehand; consumers can exercise greater control over their expenses and avoid interest or overdraft fees.
Consumers can become part of the financial system. General-purpose prepaid cards will allow “absent” or “near-miss” Canadians in the banking system or credit system to contribute to the economy; they will not be required to have an account at a financial institution.
Benefits for businesses
Cost reduction. Companies can pay the expenses and commissions of their employees in an easier, faster and more profitable way.
Improved operational efficiency It is possible to transfer the funds electronically and distribute them in seconds to the recipients, without the hassle and delays of the checks posted.
Better protections for companies and employees. The hassle and risk of fraud or loss associated with checks is greatly reduced.
Electronic payments for all. General-purpose prepaid cards are used to send money to Canadians “almost absent” from the banking system who do not have an account at a financial institution or who prefer not to use automatic transfers.