This is how prepaid credit cards work; first you deposit funds into your account/card. You use your card to pay bills or make purchases. Then the funds are taken from your account to pay for the purchases.
The most popular methods of depositing funds are direct deposit, money gram or western union. If you choose to use direct deposit it will save you money because you will no longer have to pay check cashing fees. Most cards will allow you to use direct deposit for free.
Many cards also offer Bill Pay. This will allow you to use your card just like a checking account. You can write physical checks to pay bills such as your cable, utilities, rent, you can also write a check to an individual. This can save you money because you will no longer need to pay for money orders.
If you need cash prepaid cards can be used at ATM's. With a prepaid credit card you will never have to pay interest rates or overdraft fees again.
Many cards also offer another feature called credit builder. This feature will record your payments made through bill pay. It then reports them to a credit reporting agency. This can be used to show future lenders your credit worthiness.
Prepaid credit cards are also issued with a mastercard or visa logo. So you can use your card to make purchases everywhere a visa or mastercard is accepted, including online and over the phone. Your card will not say it is a prepaid credit card and will look just like any visa or mastercard.
Prepaid credit cards approve everyone. There is no credit check or chexsystems verification. Thus you will be approved no matter your credit history.
In sum, these cards are much safer than carrying cash and are used just like any credit card. They also can function just like a checking account and approve everyone.
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can you use prepaid credit "gift cards" you buy from walgreens or duane reade to purchase things from Ebay?
I don't feel like using my real credit card on ebay, not even paypal. So can you use those prepaid credit cards on ebay?
Answer
Yes.
YOu just select prepaid payment and enter the code on the card.
answer? Kindly share and answer below, in the
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You can use prepaid credit cards; that's what I did and it works fine. It is kind of ridiculous that you HAVE to have a credit card.
I don't know if you can use gift cards.