What is a Prepaid shopping card?
A prepaid cash card/ shopping card is a payment card that is loaded with funds in advance of use either daily, weekly, monthly etc. The card can be used to make purchases or withdraw cash until the funds run out. Unlike credit cards, prepaid cards do not allow users to spend money they do not have. They are also not linked to a bank account, and therefore do not require a credit check. Prepaid cards can be used in the same way as debit or credit cards, and are accepted by most merchants that accept those types of cards. They can be used for online shopping, in-store purchases, and ATM withdrawals, among other things.