Debit Card For People With Bad Credit

Page 1

==== ==== How To Get A Debit Card? Here's a company that will give you $20 when load your Debit Mastercard with $40 and, will give you another $20 for each person you refer who does the same thing. http://MyNetSpendCard.ws ==== ====

Forget what you thought you knew about debit cards. In the next 10 minutes, your perception about the plastic that gets your money out of your checking account will be completely changed. As technology has evolved, so have the ideas about how banking technology and debit cards can be used. What was once a simple way to retrieve money and make payments, when you didn't want to pull out your checkbook, has become a creative way to sell goods, compensate employees and even teaches children about the value of money. Offer Gift Cards Did you know that a gift card is nothing more than a vendor-specific debit card? An amount is preauthorized on a store card which is coded to match the systems of a particular retailer. This is prepayment solution, meaning cash is converted to electronic funds and used with a card. Call it a prepaid card, a gift card, or card loaded with an in-store credit, they all are variations on the same thing: a debit card. When an item is purchased, the amount of the purchase is deducted from the amount of funds stored on the gift card (technically in the account associated to the card). Almost the same as a credit card only somebody had to put the money up front rather than the credit company asking for reimbursement. Either way debit cards in all their variations are available through better credit card payment processors. Incentivize Employees Debit cards are easy to use, but they are also a snap to load money onto. This makes them the perfect vehicle for employee incentive programs. In small businesses, it's critical to keep your staff motivated. Say, for example, you own a restaurant. You want to offer your servers a bonus. Whoever up-sells the most "fresh fish of the day" gets a $20.00 bonus. When you use a debit card to give your reward, you have an automatic way to track who gets the incentives. From the account reports, you will know how much each employee was awarded, and you can accurately report that amount to your accountant at the end of the year. Cash rewards are hard to track. Finally, the data can also help you determine who your most consistent performer has been. The employee with the most deposits made to their incentive debit card was clearly an MVP. (They may want additional rewards for that too.) Teach Children About Money Just as you want to monitor the rewards you give your employees, you want to monitor the allowance you give your children. But, what if you could give your kids an allowance, give them control of their allowance, monitor their spending and teach them the value of money all at the


same time? No, you haven't stepped into an alternate dimension of perfect parenting. This is what you can do when you move from a cash-based allowance system to a debit card. Prepaid cards are a great way to teach kids about money. They learn about how transactions are conducted, PIN numbers, the importance of keeping a PIN number safe and the proper use of money. Meanwhile, you are behind the scenes, able to peek in on each purchase they have made while allowing your kids to feel somewhat independent and slightly like an adult. See? Aren't debit cards cool?

Payscout's Scout Master For more information on retail uses for debit cards visit http://www.payscout.com/success

Article Source: http://EzineArticles.com/?expert=Garvin_Carter

==== ==== How To Get A Debit Card? Here's a company that will give you $20 when load your Debit Mastercard with $40 and, will give you another $20 for each person you refer who does the same thing. http://MyNetSpendCard.ws ==== ====


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.