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Prepaid cash cards are plastic cards, which fall under the pay first category of plastic payments. It can be used to transfer electronic payments in online or offline system for exchanging of goods and services and even to withdraw money. The users need to top up money into the card before they use it. The amount to be paid will be deducted from the value. Hereby, prepaid cash cards are designed to be used as a safer alternative as compare to cash.



Nowadays people tend to own a prepaid cash card, because there are numerous benefits to the prepaid card:

1. Remain in control of one’s money, keep track all of activity online or by phone.
2. Free balance alerts –Some card providers will inform users on how much cash they have.
3. Eliminate check cashing fees and enjoy immediate access to your money through direct deposit of your paycheck, government payment or other income sources, no bank account needed.
4. Avoid bounced check fees; always know exactly how much money you have to spend. The prepaid card can help protect you from over spending.

Besides, prepaid cash cards are being convenient for consumer because it can be use in several ways.

1. Pay bill – Rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.
2. Shop anywhere as long as the card using is accepted at different retailers, buys fuel at the pump, pay by phone, and shop on the Internet.
3. Get cash at ATMs, any time of the day, and any day of the week.
4. Transfer money – For some prepaid cash card they provide the convenient such as send or receive money via bank wire transfers, between two cards.
5. Pay for toll, or public transport – As an example, Touch’ n Go card in Malaysia. It can be used for paying any toll fee in the city or even highways. Besides, it can be used in some selected parking sites and theme park as well.

Tune Card
The Tune Card is a prepaid Visa card. It’s a reloadable card that allows user to spend only what you have pre-deposited into their account. If they’re not too crazy about debt but don’t relish the thought of carrying around loads of cash, a prepaid card is what they’re looking for.

Touch` n Go
Touch `n Go uses contactless smartcard technology. The card looks similar to a credit card. User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorised third party outlets. Reload denomination is ranging from RM20 to RM500.

Octopus Card
The octopus card one of a very common prepaid cash card which launched in Hong Kong. It launched in September 1997 to collect fares for the territory’s mass transit system, the Octopus card system is the first contactless smart card system in the world and has since grown into a widely used payment system for virtually all public transport in Hong Kong.

Reference:
http://en.wikipedia.org/wiki/Stored-value_card
https://www.tunemoney.com/
http://www.touchngo.com.my/
http://www.octopuscards.com/