Glossary

Reloadable Card

A reloadable card is a type of prepaid payment card that allows the user to add funds to the card multiple times. Unlike traditional debit cards, which are typically linked to a bank account, reloadable cards operate independently. Users can initially load the card with a certain amount of money and then add more funds as needed.

Key features of reloadable cards include:

Reloadable cards are popular in various scenarios, particularly among consumers seeking a simple, flexible, and secure method to manage their spending without the need for a bank account. They are also beneficial for people who want to avoid credit checks or who prefer not to disclose their banking details for privacy reasons.

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