Prepaid card - what is it and how does it work?
In the age of online shopping, payment cards have become an indispensable part of our wallets.
We usually associate them with bank cards - debit or credit cards, but there is also another type of payment card - prepaid, also known as a prepaid card. And it is this that we will look at in this article.
What is a prepaid card?
A prepaid card is a payment card that you top up with an amount of your choice so that you can then pay with it. Unlike traditional bank cards (credit and debit), however, you will not spend more than the amount of funds on the card.
The card is also not linked to a bank account, and you do not need a credit check to obtain it.
Where to get a prepaid card from?
Prepaid cards can be divided into two types. One is issued by banks as an add-on to a standard account or card. The other are cards issued by trustworthy financial institutions and can be conveniently ordered or purchased in shops or online.
For some cards, such as the PaysafeCard Mastercard®, the issuing of the card is free of charge, but there is an annual fee.
Prepaid PaysafeCard Mastercard
An example of a prepaid card is the PaysafeCard Mastercard. It is an extremely convenient and fast payment method that offers you many benefits.
Here are some of them:
- You no longer need to carry cash. The PaysafeCard Mastercard is accepted worldwide - anywhere you can pay with other types of Mastercard.
- Extra security. The PaysafeCard Mastercard is not linked to your bank account. So if you lose it or it is stolen, you only risk the funds on your card.
- Limited spending. Because the card is not linked to your bank account and requires a top-up, you can easily limit your spending to the balance of your prepaid card.
- No background checks. You can order the card easily and conveniently without the need for a credit check.
- Higher limit. Another advantage of the prepaid PaysafeCard Mastercard is the higher transaction limit. In the case of traditional PaysafeCard vouchers, this is 200 PLN. Users of PaysafeCard prepaid cards and PaysafeCard accounts have as much as 4,000 PLN available per transaction.
How do I order a PaysafeCard Mastercard prepaid card?
Ordering a PaysafeCard Mastercard is quick and easy. Here’s how to do it:
- Register a PaysafeCard account for free.
- Verify your identity. Simply scan an ID document to confirm who you are.
- Order your PaysafeCard Mastercard directly from your account.
- Activate the card and start using it straight away to pay for purchases in shops and online around the world.
Find out in detail how to order your PaysafeCard Mastercard prepaid card here.
How do I top up my PaysafeCard Mastercard?
To top up your PaysafeCard Mastercard, log in to your PaysafeCard account. Then enter the amount in the corresponding field.
The funds on your PaysafeCard account will be available when you pay with your PaysafeCard Mastercard prepaid card.
In turn, you can top up your PaysafeCard account in various ways, including with PaysafeCard vouchers or a debit card. You can buy them conveniently in various shops or online.
All you need to do is after the purchase enter the 16-digit code from the voucher on the PaysafeCard account page to add the voucher value to the balance of your my paysafe Mastercard card.
Prepaid cards - a convenient alternative
In the age of the ubiquity of online shopping and payment terminals in physical shops, having a prepaid card is extremely convenient.
With such a card, you can forget about cash, pay for your purchases quickly, limit your spending to a rechargeable amount and risk only the funds from the card.
Prepaid cards, such as the PaysafeCard Mastercard, can be conveniently reloaded in a number of ways, both at your neighbourhood shop and online.
And if you want to know more, read the details of how to use PaysafeCard Mastercard here.