Prepaid Debit Cards

Demand for prepaid debit cards is surging. This product line can help drive in-store traffic and sales as consumers make initial purchases and later return to reload funds onto their cards.

Prepaid debit cards offer money transaction solutions to consumers in the United States that are unbanked. When making a purchase, a prepaid debit card works just like any other credit card, and the accepting merchant doesn't know the difference. With this product, anyone can securely carry money, purchase online, pay for a hotel over the phone, and conduct countless other transactions requiring a payment card.

Consumers become aware of the product by viewing signage or a placard at your location. To create the product, the clerk accesses the POS device and selects an initial load value. Typically the POS device will print a PIN with usage instructions that direct the consumer to call an 800# to set up their account. A personally embossed debit card arrives at the consumer’s address typically within 7 to 10 days. As the consumer makes purchases, the value that they’ve loaded decrements accordingly and when the balance on their card approaches zero, they can reload funds on their account by revisiting the retail location.

The AmigoMoney Debit Visa® card is the first card ever to offer a cross border remittance program. It also excepts the Matricula Consular as a form of identification. This program uses a VISA prepaid debit card.

The Green Dot MasterCard is loaded in fixed denominations of $20, $50, $100, $200 and $400. This is a PIN-based program. The maximum load amount is $2,500.

The Heritage MasterCard is reloadable in unique denominations from $10 to $1,100.  Heritage products are available in real-time or PIN-based formats.

Contact Q Comm today to begin selling these services.