Buscar

Translate

What Are Anonymous Prepaid Cards?

By Marta Harrison


There are many places where you are allowed to use anonymous prepaid cards. These cards kind of work the same like a debit card; it is your money just being utilized in another way. These cards come under the debit card program; you may use them as gift cards, or you may use them for other purchases such as gas.

When anonymous prepaid cards are swiped through a machine, you will be asked for a zip code. Just like how a debit card asks for a PIN number, these cards ask for a zip in order to ensure the authenticity of the card; it is just a standard security check.

Since this card is a debit card, it comes under the debit card program; this means that the gift card is purchased by your money. You must pay the amount the gift card is worth before you can gift it to another.

Gas Stations Anonymous prepaid cards are accepted at gas stations. When a person refuels his or her tank and swipes the prepaid debit card through the card slot, they are charged just as they would have been at the use of a regular credit or debit card. They then have to enter a zip code, for security measures.

Since these cards come under a debit card program, this does not mean that you will have to recharge or reload this card in order for it to be used again.

There are certain things which you must remember before making a transaction. You cannot use this card to withdraw cash from ATMs, these cards cannot be used for subscription services which require you to pay bills, and they can only be used with some merchants.

The benefit of this will be that not only will your child have the freedom of buying the product they desire, but they will also learn how to spend money properly and how to use money when they have access to a limited amount. The gift card is like a personal debit card to them, it teaches them that they have a certain limitation which they cannot cross; if they want to buy the things they need, it has to be within that certain limit.

Anonymous prepaid cards are a great way to teach kids from the start on how to deal with debit and credit cards so that they may not face any problems like a bad credit score. Debit card program helps them learn how they can be responsible.




About the Author:



 
ITS ALL ABOUT Finance © 2012