Reloadable Prepaid Cards – Payments Made Easy

Reloadable prepaid cards are instruments with monetary provisions made in them. These monetary provisions need not be linked to any financial institutions. The money in the card is topped up by the user and later used as an alternative to cash. The user can regularly transfer money to the card via his bank account or by direct cash deposit.

Although, many of the functions of a prepaid cash card are similar to those of a debit card however a prepaid cash card differs in many ways. Debit cards are linked to the user’s bank account and are provisioned specifically for that user. A prepaid cash card however, can have multiple users and is not linked with the user’s bank account. The benefits of the prepaid cash card can be passed on to other users. In order to avoid misused the cash cards have designated PIN, they can also be blocked or deactivated if misplaced or lost. Using prepaid cash cards, you can help you easily keep track of your expenses.

Unlike a chip based credit card, information on a reloadable prepaid card is retrieved via a magnetic strip on the back of the card. These cards are an excellent option for your day to day transactions. Having to go through multiple cash transactions in day means carrying a whole lot of cash around, all day long. This problem can be easily avoided using cash card. The prepaid cash cards can be used for a variety of transactions. From grocery shopping, mobile recharge and dishtv recharge to utility bill pay service, the prepaid cash card is a single tool offering multiple transaction benefits. Also, as these cash cards are prepaid, the probability of payment failure, which is often experienced when using debit and credit cards, is eluded.

ItzCash offers prepaid card solution to individuals above the age of 18. Having collaborated with Visa and MasterCard, ItzCash prepaid cash cards can be used for a comprehensive list of electronic transactions. Through its banking partners, ItzCash offer three different prepaid cash cards; HDFC Bank ItzCash Prepaid Card, DCB Bank ItzCash Prepaid Card and IDBI Bank ItzCash Prepaid Card. All of these ItzCash prepaid cards offer highly secure cash transactions and offer many services such as real time balance check, cash expenditure statement and 24*7 technical support and ATM withdrawals at your nearest ATMs. Registering for an ItzCash prepaid card solution is an easy two-step process done online on ItzCash.com.

I’m Rahul Mahajan. I am a 30 year old professional, working in the banking industry for over 4 years and also a fervid user of prepaid card solution, Reloadable prepaid cards, dishtv recharge and other bill pay service.