What are the disadvantages of reloadable debit cards?

What are the disadvantages of reloadable debit cards?
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1 Answer

Answer :

Some disadvantages of reloadable debit cards are that it relaly doensnt help your credit and it is sometimes a hassle to go to the store everytime you have to reload it
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Are Starbucks gift cards reloadable?

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Do reloadable gift cards from Wal-Mart have an expiration date?

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Have chip-card debit credit cards been a failure in the US?

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Do you think it would be helpful to have our pictures on our credit or debit cards?

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Do you bother to sign your debit/credit cards anymore, if you ever did.

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Description : How to understand credit- and debit cards? (more info inside)

Last Answer : Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.

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Description : Personal Pictures On Debit Cards?

Last Answer : The picture is supposed to be for security reasons. Do you understand why having a picture of two people on the card could be a problem?

Anyone using prepaid debit cards?

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Last Answer : What new regs and fees?

Is it true Americans do not use bank debit cards in retail and for online banking?

Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

A purveyor of baked goods is approached by a man with a very low I.Q. who wants to buy some of the baker's creations; however, the man with the low I.Q. has no credit or debit cards, no checks, and in fact, doesn't even have one red cent in his pocket to buy anything, so he is flatly denied any of the seller's goods. Who is this dolt who is trying to get something for nothing? -Riddles

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Why are credit cards more convenient than debit?

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Last Answer : They allow people to buy things without paying immediately.

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Description : What are prepaid loaded debit cards?

Last Answer : Prepaid/ loaded debit cards function like normal debit cards, as they are used in substitution for cash. The largest difference is that they have a preloaded dollar value that can not be exceeded.

Does Wells Fargo offer debit cards for teens?

Description : Does Wells Fargo offer debit cards for teens?

Last Answer : A bank account is a contract; you must be 18 to enter into a contract, so you are not eligible at the age of 16 to open an account on your own. What you can do is open a joint account with ... is, however, no such thing as a "teen account" that allows kids under 18 to open accounts on their own.

Can you restrict debit cards for teens?

Description : Can you restrict debit cards for teens?

Last Answer : I know that Wells Fargo has a teen account. The teen is only allowed to spend so much per day out of their account and they can only take so much out of the ATM. The parents can decide the limits of the ATM/Debit cards.

Why do USA citizens prefer credit cards over debit cards?

Description : Why do USA citizens prefer credit cards over debit cards?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

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Last Answer : B. Debit Card Explanation: A debit card a safe, convenient, risk-free alternative to cash and has no credit risks attached.

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Can I link a reloadable gift card to my paypal account to receive payments?

Description : Can I link a reloadable gift card to my paypal account to receive payments?

Last Answer : I don’t think so. The check option might be best for you, but they charge a small fee for it.

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Description : How do you put more money on a VISA reloadable prepaid card?

Last Answer : There may be small monthly fees, however they are reliable. Visa and MasterCard participate in these cards. You can purchase reloadable cards at any Walmart, Dollar General, RiteAid or CVS.

Why are gift cards so popular when they have some major disadvantages compared to plain old cash or checks?

Description : Why are gift cards so popular when they have some major disadvantages compared to plain old cash or checks?

Last Answer : answer:They have some advantages, too. When I get straight money, I just put it into the pool for bills and food and such. I feel guilty not doing that, because I live chronically in debt. ... , real gift. Maybe they are becoming more popular because more and more folks are having money troubles?

I used my debit card at a gas station in another state the other day. Now they are texting me about specials. Can my bank legally give out my phone number at businesses where I use my card?

Description : I used my debit card at a gas station in another state the other day. Now they are texting me about specials. Can my bank legally give out my phone number at businesses where I use my card?

Last Answer : It sounds like something that might fall under your state laws. Google your state laws, that’s where I would start.

Have you successfully retrieved money from a fraud claim you filed on your debit card?

Description : Have you successfully retrieved money from a fraud claim you filed on your debit card?

Last Answer : I did. It took a few days, but I only dealt with my bank. Actually, the bank had called me first, suspecting that the transaction was fraudulent.

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Can you buy food with a debit card if it has a negative balance?

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Last Answer : Depends on your bank’s policy. Mine would allow it then slap me with some hefty overdraft fees.

When a debit card does not have a chip, am I still able to track it?

Description : When a debit card does not have a chip, am I still able to track it?

Last Answer : Yes. The company who issued the card will be able to track where yours was last used.

What are my options for getting cash from my checking account without the physical debit card?

Description : What are my options for getting cash from my checking account without the physical debit card?

Last Answer : My guess is that your fate will be determined by the temperament of whichever bank employee you happen to draw. The way I see it, so cavalier an attitude regarding your debit card raises some intriguing questions.

Help! How can I get paid in bitcoin and use a bitcoin debit card?

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Last Answer : answer:You don't say where you live, so it is hard to answer. First of all, you have to find someone willing to pay you in bitcoin. That won't be in the US, but maybe you can find an ... very many bitcoin ATMs that will convert to real money. I live near San Francisco, and there are only a few.

Does anyone know what prepaid Visa debit card allows you to withdraw more than $300.00 dollars at one time?

Description : Does anyone know what prepaid Visa debit card allows you to withdraw more than $300.00 dollars at one time?

Last Answer : You can contact your bank to find out what the current limit is on your account and have them increase the withdrawal limit. Contact customer service (MetaBank) at 1–866-331–8745; they can help you.

PayPal Gurus: Why can I no longer access my bank debit card for checkout?

Description : PayPal Gurus: Why can I no longer access my bank debit card for checkout?

Last Answer : I’ve heard of other people with this issue, but never really looked into it, but they also got a paypal debit or credit card

My parents think I'm stealing money from their debit card?

Description : My parents think I'm stealing money from their debit card?

Last Answer : I learned both as a kid and later in my career that an honest admission usually solves problems like this quickly and relatively painlessly. The more you avoid telling your parents what happened, the guiltier you ... told us and I'm betting they'll understand. Good luck. Let us know how it goes.

How can I use my debit card without knowing my pin number, or any of my accounts information?

Description : How can I use my debit card without knowing my pin number, or any of my accounts information?

Last Answer : Yes, go to your bank with identification. I have an on-line access to my account and can change the pin number, just have to log on with my ID and password.

What would be the difference if I pay my Netflix monthly fee with Paypal instead of my Visa debit card directly?

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What investigation takes place when you report fraudulent activity on your debit card?

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Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

Will the banks start charging us for using a debit card?

Description : Will the banks start charging us for using a debit card?

Last Answer : A safe alternative is checks. Some banks give a certain number of free checks per month, and some have unlimited free checks. They may require a minimum in checking. (I just paid $1 fee yesterday for ... on Monday about and try to get them to reverse. It's new since Wachovia became Wells Fargo).

Does anyone use the American Express debit card?

Description : Does anyone use the American Express debit card?

Last Answer : answer:

Why was my debit card rejected on the UK Amazon site?

Description : Why was my debit card rejected on the UK Amazon site?

Last Answer : Was it for something really expensive? I know my card has a limit where it’ll reject it if I try to buy something really expensive (like a laptop).

Does anyone use the Skylight prepaid debit card?

Description : Does anyone use the Skylight prepaid debit card?

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Paypal debit card possible?

Description : Paypal debit card possible?

Last Answer : answer:I don’t see why not. it is, in effect, a checking account. How do you implement it? I don’t see how. They are unlikely to give you a finder’s fee for the idea, which they have probably already thought of.

EBay is asking me for an expiration date but Im paying via debit?

Description : EBay is asking me for an expiration date but Im paying via debit?

Last Answer : Erm, forgive me, but are you sure you don't? My debit card does, but maybe yours is different. The expiry date would be something like 09/12, written near the bottom of the front of the card, ... would be the last three digits on the signature strip on the rear Does your card really not have these?

How is a debit card with a checking account different from this >PASS card?

Description : How is a debit card with a checking account different from this >PASS card?

Last Answer : It's like a cross between a checking account and a gift card. With a pre-paid card, your parents deposit money onto the card, and can reload more money as you spend it down. In that way it's ... costs $50, your card will be declined and you will have to find another way to pay for your purchase.

How long does it take for your debit card to activate ?

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Last Answer : answer:I think it just depends on the bank and how you activated it. If you did an automated activation thing, it may take longer than if you had talked to someone directly. I’ve never tried to use a card right after activating it, but I have used them the next day without a problem.

EBay is asking me for an expiration date but Im paying via debit?

Description : EBay is asking me for an expiration date but Im paying via debit?

Last Answer : Erm, forgive me, but are you sure you don't? My debit card does, but maybe yours is different. The expiry date would be something like 09/12, written near the bottom of the front of the card, ... would be the last three digits on the signature strip on the rear Does your card really not have these?