Prepaid Debit Cards Attracting Drug Couriers

Drug couriers have turned to an unlikely source that allows them to remain mostly anonymous while moving drugs across the border—prepaid credit and debit cards.

According to National Drug Intelligence Center estimates, between $18 billion and $39 billion in U.S. currency from drug sales travels across the border to Mexico each year. And a Government Accountability Office (GAO) report released last October found that one way the cartels are moving the money across the border is through a new way of money laundering: using pre-paid debit cards. Prepaid cards can hardly be distinguished from other credit or debit cards, and can also process up to tens of thousands of dollars a month.

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• Secured Credit Cards
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• Prepaid Credit Cards

What are Prepaid Cards?

More and more cardholders are currently ditching their regular credit cards and switching to the use of prepaid debit cards and prepaid credit cards. What could be the very reason behind this shift to prepaid cards? And what benefits can you get from using prepaid cards? Allow us to discuss the answers to these questions in the next portion of this short article.

What are Prepaid Credit and Debit Cards?

Prepaid card programs are able to change the way people spend. Through prepaid debit cards and prepaid credit cards, consumers are able to achieve their goal of spending only within their means. How are they able to achieve such goal?

Well, prepaid programs require cardholders to load money onto their respective plastic cards, before they can be allowed to charge their purchases and payments on their prepaid debit cards or credit cards.

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Tips in Choosing the Right Prepaid Cards

A lot of consumers admit that they have the tendency to purchase and take things on impulse. They do not think twice about immediately buying the merchandises that appeal to them. However, after some time, they regret their instant decisions of getting and buying the products and services offered to them.

Such situation may also apply when you shop and get prepaid debit cards or prepaid credit cards. It is not wise to take the very first prepaid card program offered to you. Instead, it is recommended that you take your time in shopping and comparing different prepaid programs that are provided and issued by banks and card companies. You need to display a great deal of diligence and patience when you go out and select the prepaid card that will work to your advantage. This way, you can succeed in choosing the right prepaid debit cards or prepaid credit cards that will suit your needs and of course your finances. And you won't have regrets after you have settled for a particular prepaid debit card or credit card.

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Safety Tips on Using Prepaid Debit Cards Online

Since debit cards have become more popular among consumers, the Federal Trade Commission warns all prepaid cardholders to practice caution each time they use this kind of card for payment, mainly when purchasing online.

How to avoid becoming a victim of credit card fraud? Check the following basic safety tips:

Https://. In order to ensure the security of a website, make sure that the URL or the website address begins with https://. Everyone should be able to check this from individual's address bar.

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Safety Tips on Using Prepaid Debit Cards Online

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Prepaid Debit Card Penalty Fees to Watch Out For

Buyers these days ought to move prepaid as opposed to subscribe to a post paid cell phone plan. As you are planning to acquire a prepaid cell phone, do you know the aspects that you need to take into account prior to choosing prepaid phone service provider?

Cost per call. As soon as you get hold of your prepaid phone kit, this is often pre-loaded along with minutes of calls and text messages. The moment you consumed the available balance, you have to reload the cell phone to make new calls and send a lot more text messages.

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Prepaid Debit Card Penalty Fees to Watch Out For

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Shopping Safely With A Prepaid Virtual Credit Card

Shopping online is becoming very popular these days mainly because most people are too busy to even go to the mall or their favorite boutiques to purchase items they need and want. Online shopping is almost perfect except that some consumers are hesitant to give their personal and financial information because the risk of having these details stolen and used by others is very high.

Want to know how you can avoid being a victim of Identity Theft and online fraud? The answer is to use prepaid virtual credit cards.

Significance and Functions of a Prepaid Virtual Credit Card

The internet has made almost everything possible and easier. However, even scammers are benefiting from technology. These scammers gain profit by stealing other people’s personal and financial information.

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Shopping Safely With A Prepaid Virtual Credit Card


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Rent a Car with Your Prepaid Debit Card

When taking a vacation or traveling to a new place, many people rent a car for convenience. Major companies that provide rent-a-car services usually require credit card payment. But what if you do not have a credit card? Or if you do have a credit card, what if you do not want to use to rent a car? Do you have other options?
The truth is, prepaid debit cards can be used for car rentals. Below are practical tips on how you can use a prepaid debit card for renting:

Explore your options. Some auto rental companies impose more restrictions than others. By doing your own research, you can find a company that has more lenient policies to non-credit-cardholders. Different branches of the same company may also have varying rules. The best way to know your options is to call up the company and make inquiries.

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Prepaid Debit Cards – The Perfect Credit Card for Teens

Parents are often uncomfortable with the idea of their kids having their own credit cards. But if you have a child who’s about to enter college, this is the perfect time for them to learn about how to handle credit and debt repayment responsibly. More importantly, this is their chance to build their personal credit history so they can be prepared for the financial challenges they will face in the coming years.

In this article, let’s talk about prepaid debit cards and how these cards can be the perfect tools for building early credit history and for teaching kids about proper credit management.

Prepaid Cards – How They Work

Prepaid debit cards are another form of cashless payment. These cards can be used for buying items in stores, supermarket, diners, and other establishments. Prepaid cards can be used to shop online as well. What makes it different from a traditional credit card?

As a prepaid cardholder, you will not be given a credit line. This means, you need to deposit cash into your account before you can start paying with your debit card. When you run out of funds, you will not be able to charge expenses to your card. You must submit a new deposit before you can shop with your debit card.

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Can You Really Stay Away from Bad Credit with Prepaid Credit Cards?

As the name suggests, prepaid credit cards are paid in advance. Instead of purchasing in advance and paying at a later time, a prepaid cardholder is expected to pay first before charging purchases to his/her card.

Today, prepaid credit or debit cards are increasing in popularity. More and more people prefer to get a debit card than a regular credit card to keep away from bad debt. But can you really stay away from bad credit with prepaid debit cards?

Who Needs A Prepaid Card?

Prepaid cards are wonderful tools for teenagers or students who need a cashless mode of payment. Parents can also send monthly allowances for their teens using a prepaid account. These special cards are great for people who cannot qualify for standard credit cards because of a bad credit history. More importantly, prepaid cards can be used to rebuild damaged credit.


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