Loading Cash
Loading Cash National Cash Load Networks Many prepaid cards allow the cardholder to load cash to the card. The Program Manager must register with a reload network, such as …
Topic Category: Prepaid 101
Cash Withdrawal
Cash Withdrawal ATMs ATMs are the most common means of obtaining cash off of a prepaid card. A cardholder cannot just walk up to any ATM though. The Program …
Preauthorizations
Preauthorizations As mentioned before, a preauthorization occurs when a Credit or Signature transaction takes place. The merchant requests an amount to be held on the card and settles the …
Purchases
Purchases The most common, and profitable, use of a prepaid card is making purchases. A cardholder makes a purchase when they go to the grocery store and swipes, or …
Types of Fees
Maintenance Fees – A maintenance fee is charged regardless of activity and is usually charged on a monthly basis. Inactivity Fees – An inactivity fee is charged when the …
Benefits
Benefits An example of a benefits prepaid card is medical Flexible Spend Account or FSA prepaid cards. Even though the individual may contribute most or all the money that …
Corporate
Corporate Corporate prepaid cards are often issued to employees to cover work-related expenses as an alternative to a corporate credit card. If an employee is traveling on a three-day …
Incentive
Incentive Incentive cards are very similar to prepaid gift cards, with a few big differences. Incentive cards are corporate owned funds. This means that the Program Manager (often a …
Gift
Gift Prepaid gift cards are part of the consumer-owned funds’ category as well. These are the prepaid Visa and MasterCard cards that you see on the hooks at Target, …
Payroll
Payroll In many ways, a payroll card acts very much like a GPR card. The biggest difference is that the cardholder receives the card from an employer. The only …
