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Wednesday, 6 June 2018

All You Need To Know About Mastercard Co-Branded Cards

By Rachel Hudson


Prepaid cards are a great way to make purchases without going into debt or over a fixed limit. They are perfect for those individuals who need to manage their money effectively.

One of the best ways to do so is to launch a prepaid card for your business that will allow your clients to make easy and quick purchases, and will keep your company's logo in front of their eyes every time they are on a shopping spree.

In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the reloadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.

Prepaid credit cards make good gifts for teenagers as it teaches them to make purchases within certain limits. If you have been given a prepaid credit card with a co-branded card program, here are a few ways to use it for your transactions:

When You Visit a Retail Store Prior to visiting a retail store, remember the amount of money that is on your card. In doing so, it will prevent you from going over the limit. At the retail store, look at the prices of the merchandise, calculate the total amount, see if it does not exceed the total amount on your card, and head to the checkout counter. After the cashier has swiped your card, you may need to sign a receipt, which the store will keep for their records.

Co-Branding and Its Powerful Role in Developing Businesses As mentioned above, co-branding results from a collaboration of the business with a card program provider. However, a MasterCard co-branded card also requires a third party for the issuance of the card as MasterCard itself is not an issuer. The issuing authority could be any bank where a real or virtual account of the cardholder is created in order to enable them to use the card.

For Online Shopping Buying goods online becomes incredibly easy and safe with a prepaid credit card. The payments are quick and efficiently performed and as most online shopping sites are secure, you do not have to worry about identity theft. For online shopping however, it is best to have a card that is part of a co-branded card program.

Should You Opt For Co-Branding? Businesses need to decide whether co-branding is the right way to go in order to make the most of their marketing strategies. In most cases, companies that have a large number of loyal and repeat customers opt to provide their clients with a unique service, which will allow them to easily purchase goods and services from a variety of locations, and offer special incentives for buying goods from the business logo present on the card.

The ideal prepaid credit cards are those that are associated with a co-branded card program. So load your prepaid card with a fixed amount today, and head for the nearest mall, without the fear of over expenditure!




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