5 Reasons Businesses Should Opt for a Prepaid Credit Card - PowerPoint PPT Presentation

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5 Reasons Businesses Should Opt for a Prepaid Credit Card

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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. – PowerPoint PPT presentation

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


1
5 Reasons Businesses Should Opt for a Prepaid
Credit Card
2
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. 

3
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. 

4
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.

5
Benefits of Prepaid Card
  • 4. No Accumulated Debt 
  •  
  • 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.
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