What is a Prepaid Card?

This is similar to having a prepaid SIM card where you can use the SIM for the exact amount you have loaded for making calls, messaging, etc. Like debit cards, prepaid cards can be used on the merchant’s portal for further transactions with a payment network like Visa or MasterCard. Easy to use and reloadable, Visa or MasterCard prepaid cards go wherever you go. No credit check or bank account needed. With prepaid cards, spend only what you have already deposited into your account and reload anytime. A smart alternative to cash, prepaid cards come in a range of options to suit your needs—from travel, teens to general purpose.