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prepaid debit cards

Is that what used to be called "secured credit cards"?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Thu Jan 3rd, 2013 at 03:07:49 PM EST
[ Parent ]
You give them money. Then they let you spend it.

They don't incur a credit card surcharge. Apparently they're also useful for online payments where people don't want to risk using a normal debit card, either to keep transactions hidden or because they're worried the card may be jacked and stolen.

Also, not everyone has a bank account. (Or can get one.)

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jan 3rd, 2013 at 03:14:09 PM EST
[ Parent ]
not everyone has a bank account. (Or can get one.)

That happens to be a big problem for a lot of people...

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Thu Jan 3rd, 2013 at 03:18:22 PM EST
[ Parent ]
Also, I imagine, for when you want your teenager to be able to shop online but you sure as hell don't want to give them access to a credit card.
by Colman (colman at eurotrib.com) on Thu Jan 3rd, 2013 at 03:25:29 PM EST
[ Parent ]
Can be useful when travelling, too, allowing payments of various kinds like travellers' cheques used to, plus cash withdrawals from ATMs, while limiting the potential damage in case of theft of the card.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jan 3rd, 2013 at 03:42:08 PM EST
[ Parent ]

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