Reasons to use Prepayment Cards

1. Are you worried about internet fraud when shopping online?
2. Are you under 18, but still want to have access to a debit card?
3. Are you worried about getting into debt on your card?
4. Would you like to have access to a debit card but don't have a bank account?
5. Do you keep getting refused debit cards by your bank?

 

1. If you're worried about people committing fraud on your credit or debit cards then a prepayment card could be for you. A prepayment card would mean that you could transfer only the amount necesarry to make your purchase onto your prepayment card meaning that no further purchases could be made using your prepayment card because it would have no funds avaialbe.
   
2. Because there is no credit available on prepaid Maestro cards it means that you don't have to be 18 in order to get one. Infact its possible for people as young as 10 to have access to a chip and pin protected prepayment card.
   
3. The only credit available on a pay as you go prepayment card is the credit that you place onto it, so its impossible to get any 'credit' or into any debt.
   
4. You don't have to have a bank account to have a pre payment master card simply top-up at any one of the 18,500 locations displaying the 'Paypoint' logo.
   
5. Even if you have been refused a card by your bank, its simple to get a payg prepayment card as it requires no credit check to get.