Examples of Typical Prepaid Consumers
A recent immigrant without a traditional banking relationship, looking for an easy way to budget, receive and make payments and participate in a card-based economy.
A consumer who wishes to avoid using traditional credit or debit cards due to the susceptibility of incurring overdraft fees and credit card debt.
A mom who wants to ensure she sticks to a budget by placing the family entertainment spending on an open-loop prepaid solution each month.
A government benefits recipient who needs a safe and convenient way to receive their child support payments or unemployment payments
An employee who prefers a card-based payment versus the cost and hassle of visiting a cheque casher each month.
A parent who wants to provide a universally acceptable gift card to nieces, teachers, and service professionals.
A parent who wants to ensure their college student sticks to a budget and does not overdraw their account.
A taxi driver who can now get wages and commissions in real-time versus waiting for a cheque to clear.
