What its a pre pay card
A prepaid card is a type of payment card that is loaded with a specific amount of funds in advance. It can be used like a debit or credit card to make purchases, withdraw cash from ATMs, or pay bills online. Unlike a credit card, which allows you to borrow money, a prepaid card can only be used to spend money that has already been loaded onto the card.
Prepaid cards are typically purchased at retail locations or online, and can be reloaded with funds as needed. They are often used as an alternative to traditional bank accounts or credit cards, especially for people who may not have access to traditional banking services or who have poor credit.
Prepaid cards are accepted wherever the card’s payment network (such as Visa or Mastercard) is accepted, and the cardholder can only spend the amount of money that has been loaded onto the card, making them a convenient and safe option for managing and spending money.