It is a cheaper and faster alternative to money transfer companies dearly. 5. Prepaid debit cards are a safer way for employees to get their salaries. Statistics show that in the United States more than 3 million payroll checks are stolen each year. However, with the use of direct deposit in combination with a payroll debit card, there is concern that ever happening. In addition, by using direct deposit and a payroll debit card, you will have immediate access to your salary, 24 hours a day, 365 days a year – no matter what part of the world you're in.
You will also save time by having your paycheck deposited to your card payroll debit – no more standing in long lines for each pay period at the bank to cash your check. 6. A debit card is a convenient and affordable solution for the unbanked. More than 10 million households in the United States alone do not have bank accounts. In cases like these debit cards can serve as bank accounts. They can be used to access cash or make purchases at merchants such as petrol stations, supermarkets or convenience stores. In addition, debit cards can be as useful as a regular Visa or Mastercard because in many cases can be used to purchase goods and services not only in stores, but online and through mail order and to withdraw cash at home and outside Automated Teller Machines (ATMs).
7. Prepaid debit cards are easier to apply for credit cards. Often, they require no bank account no employment verification no credit check or security deposit. If you have been rejected by traditional banks issued credit cards bad credit, bad credit or no credit at all, try to apply for a prepaid debit card. Some prepaid debit cards have been built based on credit reports that make it easier for people with bad credit to rebuild your credit report its monthly payments to major credit reporting agencies. For more information about prepaid debit cards, see the definitive guide to prepaid debit cards of all types, including: MasterCard prepaid cards, payroll debit cards, gift cards, debit cards, virtual credit cards, sea in USA and international debit cards, in: Permission to reprint with full attribution.