Prepaid debit cards blog

What is debit card?

Posted by admin on March 3rd, 2010

Initially cards have been a perfect way for secure and fully legal transportation of private funds. Funds are allocated to the bank account where they are fully secured from all risks including bankruptcy. A card serve as access to the privet account and convenient not only for cash up but for payment in various offline shops and online services.

Cards are divided into Debit card and Credit Card. Debit card imply to open account in the bank and accommodate funds which will be used in advance. Debit card is widely used for payment of merchandises and services, receipt of cash money on ATM (automatic teller machine). This kind of card allows disposing of funds in account balance that available on deposit account. Function of debit cards generally consists in changing soft money in circulation and realization of cashless by client own funds.

Where can I use my Debit Visa or MasterCard?

Posted by admin on March 1st, 2010

Cards of international systems Visa and MasterCard give opportunity to the client to use ATM of every bank in every country which works with this system. This gives opportunity to travel all around the world practically without cash having only card of international payment system.

However the progress doesn’t stand still. With appearance of internet online internet shops are expanding and began selling their products and services receiving payments from these cards. What the entire card owner needs to do is to enter his name, family, date of birth, country where he lives, digital number and last three numbers of CVV codes that printed in the back side of card. Also due to internet invention card owners have been able to control and check their balance in any convenient time and receive hard copy in electronic version.