What's your first choice to send money or purchasing? Cash, e Currency or Credit/Debit card?
Prepaid Debit Cards
Prepaid debit cards have become a popular alternative for many individuals and companies. In the past, an individual would need to open a bank account to obtain a debit card. Most issued cards with either a checking or savings account however there was no prepay option. Today, the prepaid debit card offers a quick, easy alternative that is appealing to some. It also gives some companies a way to earn income and offer a service.
*** Designer Attention ***
Off Topic - being a designer I can't stop me to share the cool minimalist designs of a bank card:
Back to the point ....
How Do Prepaid Debit Cards Work?
A prepaid debit card offers a simple solution for consumers. The way these cards work is by essentially allowing the individual to put money on the card. The consumer is given an actual plastic card that looks just like a regular debit card. Depending on where the card is obtained, more information may be included. For example, gift prepaid debit cards can be purchased at stores. This comes packaged with the plastic card, but does not have the cardholder’s name imprinted. The cardholder must still sign the card, but this is the only personally identifying item on the card. These cards are usually intended to be used briefly then discarded, although some are re-fillable.
Some companies offer prepaid debit cards that can link to a permanent account. There are no checks, overdraft protection or other bank provided conveniences included. The account is generally a very simple alternative that may be more appealing to some individuals. These accounts can also be purchased through stores or online and a temporary card is usually provided. Eventually the cardholder will receive a new prepaid debit card that includes their name imprinted on it just like an actual debit or credit card.
Prepaid Debit Card Services
When purchasing a prepaid debit card, the cardholder should be aware of all restrictions and fees. These cards can sometimes be loaded at non-bank locations (such as inside a store or by mail for checks), however there is usually a fee that would not normally be incurred with bank accounts. The load fees will vary from one company to the next. Just like a regular account, prepaid debit card accounts will also be charged fees for using ATMs. Most do not require a fee for point of sale transactions (meaning purchases made at a register).
The cardholder should also be aware of any limitations their prepaid debit card may be subject to. For example, some cards cannot be used at the gas pump. To purchase gas, the cardholder must take their card inside and pay at a register. Others have daily maximums for spending and ATM withdraws that may be different than those offered by a bank. The prepaid debit card offers a simpler way to manage money that might be better for those who can monitor their fees and card usage.
E currency Exchange
Thanks to the internet. It saves time and provides people with ample opportunities to explore the world with the help of just one click, to conduct researches on many topics, to look for new opportunities, to get connected with the world and to make money by just staying at home.
E currency is also a boon introduced by latest online and digital systems to adopt electronic ways of performing transactions, buying, selling and conversion of electronic currencies. E currencies are monetary units which are used to make transactions online using digital systems and computer networks.
General tips to exchange E currencies
Today, people are using e currencies in many forms to get themselves benefited with the advantages and opportunities it offers. Since everybody is dealing with e currencies somehow somewhere, I am here to provide you with my expert opinion that how you can successfully become a part of this electronic system and earn yourselves potential benefits.
1. Conduct a thorough research on different service providers
Different service providers offer different processes of e currency exchange and clients are involved in a step of series. Firstly, it is suggested to make some market research on your own. This thing will let you know about a particular service provider's reputation and it's standing in market. Secondly, It will also enable you have a great deal of information about all the service providers in the market and how they work.
2. Take help from free practice accounts
There are free practice accounts available on different exchange websites. Avail those account and make yourself comfortable with exchange process. Also, read reviews by users and develop an understanding about how users think of services of a particular exchange service provider.
3. How to fund your e currency account?
In order to pursue with the process of exchange, you first need an e currency account. Funding of your e currency account is the next question. You can use credit card, bank wire and other ways of money transfer to fund your account. Also, gather information about the fees different e currencies charge and what kind of process they include in order to buy e currencies.
4. Grab information from different e currency websites
There are a variety of e currencies available over the web. All you need to do is to visit their websites to develop a general idea about their working, fees they charge and an overall understanding of their functioning.
