Prepaid visa cards can also be purchased online the very same way that you would normally use a debit card. Simply enter your Visa prepaid card information at check out. Activate and sign up: Simply call the toll free number on the prepaid card packaging to activate and sign up. Load: Load funds into your card at the time of sale or online.
If you don't already have an account with a particular bank, most likely you will need to open one before you can make purchases using your prepaid cards. Some banks will even allow you to use your prepaid cards in combination with your regular bank. That's because they realize that you are not going to make purchases with it every time. For example, if you are purchasing gift cards instead of cash or traveler's checks, you probably won't need to keep track of your bank balance every time. So don't hesitate to combine your prepaid cards with your normal bank.
Just like credit cards, some prepaid cards only allow you to load as much money as you want onto the cards, while others have a maximum balance that you can charge. If you are concerned about charges, read the fine print carefully before you buy. Many issuers have a very high transfer fee for the first $1000 of the load, but the others do not. You can usually avoid these fees by choosing cards that have a lower maximum balance.
Like credit cards, some prepaid visa charge a transaction fee when you attempt to complete a transaction. This fee is often less than the purchase APR but some charge more. It's a good idea to do a little comparison shopping to see what you get for your money. If you choose a card with a low transaction fee, you may be tempted to wait until you see a higher APR before using your card, in order to maximize your spending.
In general, many prepaid visa card users prefer to use their cards in countries where credit card companies aren't active. There are two reasons for this: they are unable to obtain traditional credit cards, and they prefer to avoid the extra fees associated with international transactions. Many prepaid issuers still don't offer any ATM services, and therefore you will be limited to making purchases at places that accept your card. A few issuers do allow you to add an ATM to your prepaid line of credit, but it usually comes with a higher APR than most credit cards. If you don't travel that much, or even if you have a relatively secure financial institution, you may find this requirement inconvenient.
Most prepaid cards have a limited maximum balance limit. This maximum balance limit is usually lower than the maximum balance limit on a standard card. Since you are not required to pay extra fees on transactions when using a prepaid Visa card, you will want to stay within your spending limits as much as possible. Some issuers will also charge a transaction fee, which can be a surprising addition and is intended to make up for the reduced credit and debit card processing costs you'll face with your prepaid card.
If you don't already have an account with an ATM and don't plan to start purchasing things on a regular basis using your prepaid Visa card, you may also want to consider prepaid visa Atms. These prepaid ATM machines are available throughout the world, but some don't accept all countries' currencies, so you'll need to be aware of currency requirements before choosing your ATM. In addition, some ATM locations only service certain types of Visa cards. You'll want to research your options in order to select the one that's right for you.
When traveling outside the United States, it's important to be aware of prepaid cards that do not meet the currency requirements for ATM usage. Some prepaid cards do not accept the new protections in place with Visa and master credit cards. Therefore, they are not good for use globally. Before making purchases, it's a good idea to research which prepaid cards worldwide accept credit and debit cards with MasterCard and Visa. It's important to be able to withdraw cash from any ATM when away from home.