In today’s world, consumers have a plethora of options when it comes to paying for goods and services—cash, cheques, debit cards, credit cards, cashier’s cheques, money orders, and more increasingly, prepaid cards are all possibilities. As the popularity of prepaid cards continues to rise, this article answers the questions: What are prepaid cards and what is co-branding, as well as identifying 4 ways that they can help your business.
What Are Prepaid Cards?
Prepaid cards offer a way in which you can access your money without fear of over-drafting or spending more than your budget. This is because, unlike traditional credit and debit cards, prepaid cards do not extend credit, nor are they linked to a bank account. Continue reading