A big advantage that a prepaid MasterCard has over other forms of debit instruments is the freedom it gives cardholders with regard to transferring funds. It allows people to send and receive cash to one another without having to mail any checks or cash, or having to travel long distances to do so. The card is the solution to the search for affordable long-distance money transmission without compromising convenience.
The concept of a prepaid debit card from MasterCard is that it stores away funds for future use. What the issuing company can do is to give what is called a Companion Card to another party. This card is much like the parent card, in that it has its own account and has the ability to receive funds transferred into it from the 'main' prepaid MasterCard. Transfers can be done within a few minutes through the Internet, and the funds are sent immediately to the Companion Card.
Transactions done via fund transfer between two linked prepaid cards from MasterCard will be charged a fixed, flat rate, usually no more than a few dollars. This is a sharp departure from the often expensive money transfer services that wire money from one location to another. These transfer companies often take a percentage of the money being transferred, with the theory being a greater amount of money demands greater fees for their delivery of service.
The use of prepaid credit cards is especially useful for people who need to constantly be on the go, or have to travel frequently. Workers who have to take jobs out of town can take advantage of the ease that money can be transmitted across distances with. The same goes for families where sons and daughters are off in college. They can more easily transmit funds to the companion prepaid MasterCard, which also provides the useful benefits of financial security and easy cashless spending.
Resource Box:
MiCash is a dependable and trusted source for a prepaid MasterCard [http://www.micash.net]. With extensive experience in providing only the finest level of quality financial services for prepaid debit cards [http://www.micash.net/features-and-benefits/share-money/], MiCash has sought to build on this experience and give their customers security and peace of mind. Learn more about their products by visiting MiCash.net, or by calling 1-866-642-2741.
The concept of a prepaid debit card from MasterCard is that it stores away funds for future use. What the issuing company can do is to give what is called a Companion Card to another party. This card is much like the parent card, in that it has its own account and has the ability to receive funds transferred into it from the 'main' prepaid MasterCard. Transfers can be done within a few minutes through the Internet, and the funds are sent immediately to the Companion Card.
Transactions done via fund transfer between two linked prepaid cards from MasterCard will be charged a fixed, flat rate, usually no more than a few dollars. This is a sharp departure from the often expensive money transfer services that wire money from one location to another. These transfer companies often take a percentage of the money being transferred, with the theory being a greater amount of money demands greater fees for their delivery of service.
The use of prepaid credit cards is especially useful for people who need to constantly be on the go, or have to travel frequently. Workers who have to take jobs out of town can take advantage of the ease that money can be transmitted across distances with. The same goes for families where sons and daughters are off in college. They can more easily transmit funds to the companion prepaid MasterCard, which also provides the useful benefits of financial security and easy cashless spending.
Resource Box:
MiCash is a dependable and trusted source for a prepaid MasterCard [http://www.micash.net]. With extensive experience in providing only the finest level of quality financial services for prepaid debit cards [http://www.micash.net/features-and-benefits/share-money/], MiCash has sought to build on this experience and give their customers security and peace of mind. Learn more about their products by visiting MiCash.net, or by calling 1-866-642-2741.