In the modern economies, we used variety types of payment instruments such as currency, payment order, checks, credit cards, electronic cash cards, and also prepaid cash cards.
What is the prepaid Cash Card???
Prepaid Cash Cards, also known as prepaid debit cards, A Debit card is a plastic card which provides an alternative payment method to cash when making purchases. Its functionality is more similar to writing a cheque as the funds are withdrawn directly from either the bank account (often referred to as a cheque card), or from the remaining balance on the card. Debit cards are used widely for telephone and Internet purchases. For consumers, the difference between a "debit card" and a "credit card" is that the debit card immediately deducts the balance from a checking or savings account, whereas the credit card allows the consumer to spend money they might not actually have (but promise to pay later to the card-issuing bank).
The Application form of Debit Card will be like this:
www.axisbank.com/xmlapplication/personal/pdf/Debit-Card-Application-Form.pdf
1 comment:
I got my prepaid cash card after applying to 360money and it is a perfect for all my online shopping. I like the fact that you can only spend what you actually have on the card.
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