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Back to: Prepaid Credit Card Forum - You are here: Posts by ClearCash
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Prepaid cards are similar to credit or debit cards, except the money you spend is pre-loaded onto the card - much like a gift card or a mobile phone top-up.
You cannot borrow money on a prepaid card, so you can't go overdrawn or get into any debt. This is the beauty about prepaid - eliminating the risk of going in to debt
With most prepaid cards you need to (in the UK) have a government form of ID (Passport or Driving License etc) and also a UK address. From time to time the checks that are done (not credit checks) cannot verify identities and addresses of which clients will then need to send in a copy of their ID and some sort of Utility bill - this is a requirement that needs to be followed strictly and once the company receives these documents, can issue your card.
might be woth looking for a card that allows you to set limits to spending?
Be sure to read about the services each provider offers - what is important is that you are getting good value for the facility offered to you - tools in place, ease of use, help etc.
Welcome to the ClearCash forum - I will be delighted to answer any questions you may have, offer advice and comment on the prepaid industry as a whole. Whats most important is we all achieve what I like to call, "Intelligent Money Management"
Posts by ClearCash [ 5 ]
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