subject: Prepaid MasterCard: Advantages over Credit Cards [print this page] Author: Jeff Paul Author: Jeff Paul
The benefits of a prepaid MasterCard shine in how the card accords to its holder the ease of use and privileges that most credit card holders are able to enjoy. The difference, though, comes in how the finances are managed. Prepaid cards offer very distinct features that credit cards cannot have. A prepaid card, in truth, is used very much like any banking ATM or any credit card. Cardholders are able to avail of cashless transactions for purchases made. They can simply present their card, and with a swipe the payment is complete. Funds are directly debited against an existing account, and are immediately transferred to banking accounts of the merchants, completing quick and secure financial transfers. A prepaid MasterCard has the benefit of being recognized and accepted in millions of establishments across the United States and overseas as well, thanks in large part to the elaborate and diverse network of MasterCard. One major advantage that a prepaid card has over a credit card comes precisely in its method of payment. A conventional credit card charges a card holder the amount to credit, thus the merchant must wait for funds to arrive. As such, interest is charged due to the perceived "delay" that has occurred since money was transferred. A prepaid MasterCard will have no such trouble with interest rates and other surcharges. This is because the money is taken directly from the user's bank account. This means that funds aren't in the custody and control of banking firms, while users don't have to worry about spending beyond the limits of their means. Resource Box:
MiCash is a trusted resource for prepaid MasterCard programs throughout the country. They offer services like money transfer from card-to-card at rates that are lower than ever. See the website of MiCash at http://www.micash.net or call 1-866-642-2741.About the Author:
Jeff Paul is a writer and copy editor who likes to share information on many different topics.
