What is a Prepaid Card?

How they differ from credit and debit cards...

Nowadays there are numerous inventions that make our everyday life easier. Fast online payments are yet another convenience that a lot of people have access to and utilise it for various purchases at virtual merchants. Even though credit and debit cards are extremely popular, in the past few years, there have been services that replaced the use of this payment method.

One of the most convenient options that you can use as your payment method is a prepaid card. It allows you to make fast transactions without putting at risk any type of personal information. In addition to using prepaid cards for online shopping, this payment solution can also be utilised at various virtual casinos. You can view the full list of online casinos that accept prepaid cards here www.casinoguardian.co.uk/casino-deposit/prepaid-card. This allows interactive players to remain anonymous while playing online and protect their money and sensitive information.

How Do Prepaid Cards Work?

Prepaid cards have a set monetary value and they differ from credit and debit cards in the sense that prepaid cards are not connected to any type of financial or banking institution. You can use this payment solution for different types of purchases and once you have exhausted the funds on the card, it can be re-charged. Unlike debit/credit cards, in most cases, you are using cash to reload your prepaid card.

Many users resort to this payment method as it spares them the trouble of sharing card details or banking information. This guarantees that they will not expose any sensitive data to third parties and put their money and personal information at risk. What is more, prepaid cards are extremely easy to use and do not require to open an account with a mediatory company or link the card with your bank account.

There is also the option to use disposable prepaid cards which are often issued by major banking institutions, can be bought by different retailers or can be purchased online. Those usually expire after a certain period of time and gift cards issued by companies such as Visa and Mastercard can also be considered as disposable prepaid cards.

The reason why many virtual players have also resorted to this payment option is due to its fast and secure transactions. Casino patrons can deposit money to their gaming accounts instantly and they will not have to provide any information about their bank account or share their card details. What is more, utilising prepaid cards at web-based casinos usually does not imply any additional charges which is definitely a great advantage.

Commonly Used Prepaid Cards

One of the most popular prepaid cards, especially at online casinos, is Paysafecard. It allows users to use a 16-digit PIN code which is entered whenever they wish to make a transaction to a merchant or a virtual casino. It is also possible to combine several PINs in order to make bigger transactions.

You will also notice that virtual prepaid cards, such as EntroPay, are extremely popular. In order to use this payment method, you will first have to open an account with EntroPay. Once you are done setting up your account, you will be able to upload funds to the prepaid card either via your bank account or using a credit/debit card. While most prepaid cards can be used only for deposits at online casinos, the biggest advantage of EntroPay is that it can also be used for casino withdrawals.

Another company that provides virtual prepaid cards is ecoPayz. Just like the previously mentioned methods, ecoPayz allows fast and extremely secure payments. It can also be used at interactive casinos as a deposit option and it will allow players to top up their gaming account instantly. After a certain period of time, your ecoPayz card will expire which makes it a very reliable and safe payment method.

Whichever prepaid card you choose, you can be sure that you will be able to pay for purchases online in no time and without putting yourself or your money at risk.


 


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