Visa Prepaid Products
Visa's prepaid products offer a secure, cost-effective, and convenient alternative to paying by checks or cash. These products enable many consumers - even those without traditional banking relationships - to access their pre-funded pool of funds to make everyday purchases, pay bills, and even receive direct deposits with a Visa prepaid card.
A variety of Visa prepaid cards are offered through employers, state government agencies, financial institution branches and retailers.
Cardholder benefits include:
- Convenience - Cardholders can use Visa prepaid cards to securely pay for groceries, fuel, and even utility or household bills. Prepaid cards can also be used for making payments on the phone or line, and, in some cases, withdrawing cash at ATMs.
- Safety - Cardholders can make purchases or get cash when they need it, rather than carrying large sums of cash.
- Protection - A Visa prepaid card can be replaced if lost of stolen and carries the same liability protections against unauthorized purchases as other Visa cards.
- Better financial management - Itemized statements and, in some cases, online reporting make tracking expenses and monitoring card activity easier and more efficient than cash or checks. Additionally, cardholders can better budget their finances by limiting spending to the amount of funds that have been loaded to a prepaid card.
- Access - For consumers without a bank account, prepaid cards provide the convenience and security of a card product without requiring an existing banking relationship or credit history.
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Global Prepaid Platform Fact sheet describing how Visa's prepaid platforms provide our financial institution customers with a turnkey solution for products that access a designated pool of funds.