Among the many banking products, customers are offered an offer for issuing prepaid cards, otherwise referred to as Prepaid cards. They have a number of distinctive features, even if they do not stand out in appearance among ordinary debit or credit cards.
What is a prepaid bank card?
Prepaid cards are often referred to as debit cards, although this is not entirely correct, since there are quite significant differences between these two products.
The prepaid card got its name in view of the peculiarities of the process of its registration. The fundamental factor is that in order to receive the card, the client must deposit a certain amount of money in advance, which will then be on the balance sheet.
The card itself is actually a one-time card – the account cannot be replenished, it does not require entering a PIN code and is not registered.