At Glance - A prepaid card can't be used on Cash app to add funds to your account.{alertSuccess}
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A prepaid card is technically a type of debit card with a monetary value stored in it. No network access is needed from an external financial institution by payment collection terminal to add or remove funds from the the card.
So, here's the question - Can I use a prepaid card for Cash app?
Cash app doesn't allow you to use a prepaid card to add funds to your account. Instead, you will need to use a bank account, credit card or debit card supported by Visa, MasterCard, American Express or Discover card.
The app also support adding another regular (non prepaid card) to fund your account. So, if prepaid card can't be used on CashApp, what's the excess?
Benefit and Advantage of a Prepaid Card
The main advantage of prepaid cards is that you do not need to have a bank account or a central authority like ( central banks). The cards doesn't use it, and therefore you can only spend a certain amount of money you load to it.
A prepaid card is a type of card you load money and spend the certain amount you load. It can also be called a
stored value card (SVC).
Since Cash app doesn't not accept prepaid cards, what other payment app does?
Cash Apps that accept Prepaid Cards
Venmo
Venmo is an American payment app that best support family and friends payment. The cash app offers its own card which is accepted anywhere Visa or MasterCard is accepted.
PayPal
PayPal is a huge financial system which is recognized all over the world. The payment service is super safe and also accept prepaid cards for deposition.
WorldRemit Money Transfer app
WorldRemit is an international transfer money transfer service. The app makes it earlier to be done in over 150 countries around the world. In WorldRemit, you can use bank deposit or a prepaid card to add money. Payment reach the recipient in 15 mins or less.
Conclusion
Here's quick recap of what we've discussed in this article.
- A glance on the question - can I use a prepaid card for Cash app
- The main advantage of a Prepaid card
- Cash apps that accept Prepaid Cards
- And the Conclusion {alertInfo}
If you do not have a bank account, and a credit history to get a credit card, a prepaid card is a better option for you. You do not need any central authority to access it. All you need to do is relaod it fund and use it anywhere a Visa or MasterCard is accepted.
Meanwhile, these prepaid cards are not accepted by Cash app. The types of payment companies that accept this service as been highlighted above.
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