5 Reasons Businesses Should Opt for a Prepaid Credit Card

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5 Reasons Businesses Should Opt for a Prepaid
Credit Card
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5 Reasons Businesses Should Opt for a Prepaid
Credit Card

• As businesses embrace new digital innovations and
  technology sweeping the world of commerce, the
  spending or expense management has evolved as
  well. The payment industry has come a long way
  from the time of credit cards and debit cards,
  especially with the growing popularity of prepaid
  cards now in use. 
• Prepaid credit card is the next big evolution in
  the business payment field. It comes with several
  benefits and therefore this must be used by those
  businesses who are looking into embracing an
  improved expense strategy. 

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What is a prepaid card?

• A prepaid card can be understood as an easy
  method of accessing funds similar to a credit
  card or debit card but with better control over
  spending. It allows SMEs, MSMEs and other
  businesses to manage and analyze expenses, avoid
  unwarranted risks, promote business and earn
  cashback and rewards at the same time using a
  prepaid card.
• Also, one of the interesting facts about prepaid
  credit cards is that there is no credit involved
  as you have to top up the card with money before
  you can spend. It is not linked to a bank or any
  other financial institution and the business can
  send the money into an electronic wallet of the
  prepaid card. 

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Benefits of Prepaid Card

• 1. Overspending 
• With a regular credit card and high credit limits
  available, the opportunity for accidental spend
  is very high. Instead, pre-loaded money available
  on the prepaid card can only be used. Simply put,
  overspending is not possible with a prepaid card.
  You can take control of your spending with
  Mswipes Mcard offering prepaid card. Businesses
  and merchants can do top-up of Rs 10, 000 at
  once. With complete KYC up to Rs 1 lakh can be
  loaded. 
• 2. Track and Analyze 
• Any business looking to scale must be able to
  track and analyze the spending or expenses
  thoroughly and regularly. A prepaid card can
  easily help you understand the spend patterns.
  Whenever you use the card anywhere, the relevant
  data of the spending amounts can be found in the
  app in real-time. The payment control dashboard
  gives you complete real-time monitoring of
  expenses made.
• 3. Secure payment 
• Using credit cards and debit cards linked to
  banks are inherently unsafe and open to hacking
  and theft as bank account and personal details
  can be retrieved by fraudulent elements. It can
  cause great damage. No personal or company
  information and no verification is required to
  obtain a prepaid card. With Mswipe Mcard
  merchants need to have a Mswipe device and the
  app downloaded on the mobile phones. The card
  with insert and swipe option can be used in
  online stores and websites all across India.
  Changing the PIN and blocking the card is also
  hassle-free and fast.

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Benefits of Prepaid Card

• 4. No Accumulated Debt 
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• As only the pre-loaded money is used for spending
  using prepaid card theres no possibility of debt
  involved. The transaction is declined in case
  amount exceeds the available balance. Also, to
  get approval one doesnt need to know about your
  credit history when you sign up as with regular
  credit cards. Thus, it doesn't disturb your
  credit score. 
• Earn Cashback - With Mswipes Mcard Prepaid Card,
  you are eligible to earn 1 cashback on every
  transaction done. This means that if you pay Rs
  10,000 you will get a cashback of Rs 100. 
• These are 5 good reasons why businesses should
  opt for a prepaid card. Mswipe is one of the
  digital payment industry leaders with many
  innovative solutions to its name. With a network
  of 6.75 lakh POS terminal merchants and over 1
  million QR merchants, the financial services
  platform aims to empower, enable and simplify
  payments for MSMEs and other businesses across
  India. For more details, visit www.mswipe.com

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Card Swipe Machine, Micro ATM Device, Prepaid
Cards, EMI Card, ETC.