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Sunday, 24 June 2018

How Can Your Business Benefit From Using Co-Branded Prepaid Cards?

By Adele Lehrain


Consumers purchase a number of goods and services with the help of varying payment methods that are available in today's world. These methods of payments include a range of debit cards, credit cards, checks, cash, bank drafts, money orders, and prepaid credit cards.

So the question arises that what are prepaid credit cards and how can your business benefit from them? Keep reading to find out.

Defining Co-branded Prepaid Cards Large and small businesses may provide their employees and customers with a co-branded prepaid card. When the employees and customers apply for the card, they will get the chance to use the card to make purchases globally.

What Is Co-Branding? Many businesses offer co-branded prepaid cards to their customers and employees via a prepaid credit card program.

Hence, a co-branded prepaid card works as a partnership between the enterprise, the card program provider and sometimes, even the bank where the account has been registered. The card will have as many logos as the numbers of brands that have combined together to produce the card in its current form.

Thus, allowing the cardholders to purchase from online retailers located across the globe. How Your Business Can Benefit from a Co-Branded Credit Card?

Some of the most common advantages include:

It provides you with a prepaid card program that is collaborated with MasterCard or Visa, which makes the card acceptable all over the globe.

A prepaid card program allows a business to work in partnership with Visa or MasterCard to provide customers with services similar to prepaid transactions.

Your employees will be able to make use of their salaries in an easier and convenient manner with the help of your prepaid card program.

A credit card provides the cardholder with immediate access and control to their money, so that they can shop with ease without carrying cash.

No matter where your customers or employees are located, they will be able to use the card due to the company's collaboration with Visa and MasterCard, as these brands have garnered worldwide recognition in more than 100 countries.

Opting for a co-branded prepaid card has a number of benefits and if you want to bring additional growth, success and publicity to your business, offer a co-branded card to your customers, printed with your logo for additional marketing.




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