Technological advances have been made in prepaid credit cards which give them features not seen in traditional credit cards or ATM cards. In this article we will go over these advances, and how they make using prepaid credit cards easy and convenient.
Because prepaid credit cards do not come with a line of credit, customers can load money onto the card via ATMs or at online websites. From here money can be transferred to a paypal or checking account. Some services still allow people to write a check in order to have the funds loaded onto their cards.
More recent advances in this technology have allowed people with cell phones, laptops, or other wireless devices to receive payment alerts about transactions which have been completed. You can also keep track of your credit line using these devices.
When using a prepaid credit card you don’t have to balance it the way you would balance a checkbook. The balancing is done in real time and can be viewed via the internet or phone. This technology is allowing people to change the way they spend and manage money.
Many people are becoming aware of this technology since many employers are...
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