What kind of prepaid cards do I need?

There are some type of cards that you can choose:

2. Teenager & Youngster Card

Becoming an authorized user on an adult´s account is the only way to get credit before you turn 18. The best approach is actually to use a prepaid card for teens and tweens.

Whether an internship abroad, studying abroad, a student exchange, a school trip or a language stay - the correct and secure provision of money abroad is crucial for a successful stay abroad. The prepaid card minimizes the risk of losing cash and at the same time ensures solvency abroad, even in an emergency. Once the card is empty, it can be loaded quickly and securely from home via email, SMS or online banking. If you use the prepaid card as a pocket money account, you always have a tight control of your expenses even as a teenager. With a prepaid card, young people can shop online without falling into the debt trap. For persons under the age of 18, the legal guardian can either order a prepaid card in his name and address, or simply order a second card as a partner card for a main card. The prepaid card introduces young people to the responsible use of cashless payments. It is the ideal companion for a school trip or study trip and an attractive alternative to gift vouchers.

Teens+Tweens (11–17): Sign up for a prepaid card to teach them about budgeting without cash. Since many allow for monthly direct deposits, you could load them allowance directly onto the card. You can control it by a mobile app.

 

College students and young adults (ages 18+): Offer them a student prepaid card. Students can put money on the card and pay with it or withdraw cash from ATM´s.

1. International Travel Card

Convenient and safe, this card is a great alternative to cash and traveler's checks. Wherever your customers are, there are plenty of good reasons to go with a Prepaid Travel Card. Shopping abroad is easy with a prepaid card and getting cash from an ATM if needed is no problem with a 4 digits PIN number.

A prepaid card is the perfect instument of payment abroad. With a prepaid card, your customers' money is managed safely and easily when traveling. He can determine the travel budget himself in advance or adjust it at any time using the many top-up options on the prepaid card. He can top up his prepaid card free of charge with a bank transfer. On the way, he benefits, e.g. on a trip around the world, from his prepaid card through free worldwide payments, the current exchange rates and the many security features of a prepaid card, such as additional security when withdrawing money with a chip and PIN. In the event of loss, the card will be blocked and a new prepaid card will be sent to your customer.

3. Payout Cards (loan)

With a prepaid card loan, you can put loan to an account of your employees. Just register a new account on your dashboard and give the plastic card to your staff. They can begin using the card at retailers, utilities or even ATM´s to withdraw cash, wherever and whenever they need it.

Because of  the prepaid credit, card limits do not have to be observed, and there is no risk of overdrawing the account, and your employee can be notified of every top-up and payment by email free of charge. Prepaid cards can thus effectively help to monitor spending and e.g. to get out of debt trap after bankruptcy with attachment of account and various creditors or not to get into it at all. Due to the online banking functions with assigned IBAN for incoming and outgoing transfers, the account can even be used as a full alternative to the current account and thus also as a salary account. There is no central reporting requirement or automated query option for third parties, such as with bank accounts in some EU member states.