News & Resources

Prepaid cards likely area of growth this December

Dec 13, 2012 Sean Albert

The holiday shopping season is now in full swing, while Black Friday, Small Business Saturday and Cyber Monday gave many merchants a much needed-push in the right direction. Retailers can capitalize on the increasing popularity of prepaid cards by offering the products to customers this holiday shopping season. recently listed several benefits, that come with prepaid cards. According to the news provider, consumers will likely be extremely cautious when choosing prepaid cards, looking for the best possible deals with the lowest risk of hidden fees and shoddy customer service. The source explained that prepaid cards can be used to help young adults learns about financial management without the risks common to credit and debit card accounts. Further, these cards can be used for the highly popular online shopping strategies and are often more versatile than gift cards. Finally, added that the best prepaid cards come with financial protections. By offering prepaid cards that come with all of the benefits and none of the fees consumers will shy away from, financial institutions and businesses can capitalize on the cards this holiday season and drive profits going into the new year.