Topic: What security protection do i have with a prepaid card
If your prepaid card is lost or stolen it can be blocked or cancelled by you, all prepaid card providers have a 24 hour lost and stolen helpline which is standard. Plus, your prepaid card is protected by your PIN. Even if thieves did manage to use it they would only be able to take the cash loaded on the card and no more. To many criminals, prepaid cards present too big a gamble – they are risking detection without knowing whether the card has £1,000 or 10p on it.
There are some prepaid cards that offer payment protection which is an additional safety feature and works the same way as it would with a credit card.
Prepaid Cards offering payment protection are