Nowadays, card is one important thing in our life. Let introduce what is pre-paid cash card. Prepaid cash card is using our existing money, rather than using credit card, which we borrow the money and then pay it back later. Prepaid cash card draw funds from our bank account, usually a checking account. The value in the card will reduce each time the consumer uses it and the consumer can reload the card anytime.
An example of prepaid cash card is Touch ‘n Go. The credit card size smartcard made of plastic with microchip technology embedded in it. It is an electronic purse that can be used at all highways in Malaysia, major public transport in Klang Valley, selected parking sites and Theme Park. It only speed up the payment for low value and high frequency transactions, but also convenient the users for no need to wait for attendant to give you small change or wait in queue to complete the transaction. Besides that, users can reload at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosk and at authorised third party outlets. Other than that, now Touch n G has extended its uses in e-tailing which is the selling of retail goods on the Internet. There are some outlets having privileges for customer who pay by using Touch ‘n Go.
These cards are great because unlike regular credit cards you actually have to have the money before you can make a purchase. You deposit the money on the card and then use it. Once the money is used up you can’t make any more purchases. There are no over the limit fees. There is no chance of a returned check fee. Besides that, prepaid cash cards offer a perfect way to keep track of our spending, ensuring that you won’t overspend each month. Prepaid cash card is for those consumers with poor credit, they should not give up. The consumers get many chances to repair their credit record. Eventually the credit record is wiped and the consumer ends up being able to get whatever they want.
An example of prepaid cash card is Touch ‘n Go. The credit card size smartcard made of plastic with microchip technology embedded in it. It is an electronic purse that can be used at all highways in Malaysia, major public transport in Klang Valley, selected parking sites and Theme Park. It only speed up the payment for low value and high frequency transactions, but also convenient the users for no need to wait for attendant to give you small change or wait in queue to complete the transaction. Besides that, users can reload at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosk and at authorised third party outlets. Other than that, now Touch n G has extended its uses in e-tailing which is the selling of retail goods on the Internet. There are some outlets having privileges for customer who pay by using Touch ‘n Go.
These cards are great because unlike regular credit cards you actually have to have the money before you can make a purchase. You deposit the money on the card and then use it. Once the money is used up you can’t make any more purchases. There are no over the limit fees. There is no chance of a returned check fee. Besides that, prepaid cash cards offer a perfect way to keep track of our spending, ensuring that you won’t overspend each month. Prepaid cash card is for those consumers with poor credit, they should not give up. The consumers get many chances to repair their credit record. Eventually the credit record is wiped and the consumer ends up being able to get whatever they want.
Related Links:
http://en.wikipedia.org/wiki/Touch_%27n_Go
http://www.economywatch.com/credit-card/prepaid.html
http://www.findcreditcards.org/type/prepaid.php
2 comments:
i like touch n go card,coz when i take ktm can save some time.
Yes, Its very true that in today's in business world the credit card is basic need of every person. Please let me know that in which ratio the companies charged on the customers.
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