Prepaid cash card is enables consumers to purchase without physical cash payment. The consumers can pay cash by using prepaid cash card without the needs of paying extra interest. It is also a good ways for the internet user to pay for the conquest immediately. Prepaid cash card is different with credit card although it works almost same like a credit card. It is due to the prepaid cash card users can have a better control over their finance.
Application of prepaid cash cards:
1) Pay Bill - Rental, insurance, movie tickets, airline tickets, mobile phone bill can be paid instantly.
2) Shop anywhere as long as the card us accepted at different retailers, buys fuel at the pump, pay by phone, and shop on the internet.
3) ATM – Get cash from ATM at any time of the day, and any day of the week.
4) Money transferring – Some prepaid cash card provide the convenient such as send or receive money via bank wire transfers between two cards.
5) Pay for Toll, transportation – Touch n Go card is the card that can be used at all highways in Malaysia. It also can be used when we are taking the LRT or KTM in Malaysia.
The benefits of using prepaid cash card:
1) Quick and Easy
-Transaction can be made just within a minute so it is helpful to both the supplier and consumers.
2) Planned spending
-Consumers can plan in how much they want to spend in advance. Thus, spending is controlled by how much one has in the account. In a way, prepaid cash card give consumers a better alternative in keeping record of your spending.
3) Safety
-Having a prepaid cash card is surely safer than carrying cash. Prepaid cash card protect consumers from unauthorized transactions even when the card is stolen or lost.
4) Convenient
-Prepaid cash cards can be used at just anywhere anytime. Consumers can use it at their groceries shopping, petrol filling, movie tickets, airline tickets and even online shopping or any online payment. Or, they can even use it to withdraw cash from the ATM.
5) No extra charges
-Consumers don’t have to worry about extra charges over their card without their knowing. Because the pre-loaded sum of money is the maximum amount that can be charged to the card.
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