Today’s consumers have countless options when it comes to making payments. Other than cash, individuals can pay for purchases with debit cards, credit cards and prepaid cards. The prepaid visa card is one of the most convenient options for making payments. In this article, we look at some of the reasons why you should consider using a prepaid Visa card.
Worldwide recognition
The Visa credit card is one of the most widely accepted credit cards in the world. You can use it to pay for groceries, lunch, petrol, and much more. As Visa is accepted at tens millions of retail and other outlets around the world, you can use it to pay with confidence, wherever you are travelling to.
Universal eligibility
These cards require minimal setup. There are no credit checks and application forms to complete if you are loading your own money on to the card. You do not need to link your bank account or be subject to a long card approval period before you can use the card. These cards require just a few hours to be activated.
Control and track spending
A prepaid card is a great way to control your spending, as you will be using only the funds that are loaded onto the prepaid card. Any transactions beyond the net amount on the card will not be accepted, so you can control your spending easily and eliminate interest payments. Many prepaid Visa card accounts come with an online portal that lets you check your balance and track your spending.
Fast payments
Visa’s contactless payWave technology means users can pay for smaller amounts without entering a PIN or signing. You can pay for groceries, new shoes, or a restaurant meal with a quick swipe of the card at the terminal.
Security
Prepaid Visa cards are associated with a high level of security. While security policies can vary depending on the specific type of prepaid Visa card, users can load and spend money with confidence when using this type of card.
Withdraw funds at ATMs
Prepaid Visa cards can be used like any other ATM or EFTPOS cards, and users can withdraw funds from millions of ATMs around the world as long as the card has been loaded with sufficient funds. This option can be valuable if you are shopping at a cash-only store or if it is a small transaction for which the outlet accepts only cash.
In addition to ATM access, you can use your prepaid Visa card to pay for online purchases, to complete phone transactions, at EFTPOS terminals, and in-store at any retail or similar service providers.
Facilitates travel
Prepaid Visa cards are great for travellers because they are widely accepted and can be used securely. Travellers can control how much is carried on the card, so there is no need to worry about lost funds. Some prepaid Visa cards can be loaded with different types of currency.
Low fees
This type of card attracts very low transaction fees. Usually there are no annual membership fees to pay for maintaining the card, and reloads are completely free.
