An alternative to carrying cash
A popular payment option in the United States, MasterCard® Prepaid cards have debuted in Canada and MasterCard is the leader in offering this new product.
Here’s How it Works:
Offering consumers all the benefits of a regular MasterCard card, the MasterCard Prepaid card gives consumers the added flexibility of loading an amount of money (up to a preset limit) into an account associated with the card. The cardholder then uses their MasterCard Prepaid card to make purchases or cash withdrawals at an ATM. Those purchases and cash withdrawals are deducted from the account balance. As the balance is spent, the cardholder can reload additional funds on to their card.
The Benefits of MasterCard Prepaid Card for Merchants:
- New markets
- Attract new customers
- Strengthen relationships with existing customers
- Generate new revenue opportunities
- Reduced overhead
- Build loyalty
MasterCard Prepaid cards are a great alternative to carrying cash for consumers. The MasterCard Prepaid card also provides card payment options for consumers who don’t have a credit card, giving you, the merchant, the opportunity to get funds quickly, securely and with error-free transactions.