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Monday, December 13, 2010

Prepaid Debit Card

The monthly payment from a credit or debit card and allow the customer to add more money manually to the account if minutes run out between the billing cycle.
While debit cards and prepaid cards do mean only a set amount can be spent, they don't generally do anything to establish good credit score.
Remember that some of the convenience of a credit card can now be had with debit cards too, which often bear the VISA or MC symbol.
Steering is not looked upon kindly by banks that offer signature debit cards to customers because they stand to lose a little money on a purchase made by PIN debit.
They are frequently reluctant to work with home, Internet, and mail-based businesses because they fear these companies will have frequent instances of fraud and charge backs, which occur when a customer requests a return of the money debited from a credit card.
This type of account allows businesses to accept credit cards and debit cards.

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