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Not so transparent prepaid cards

The growth of prepaid cards in the payments industry has been quite significant. Prepaid cards are used mostly to shop, pay bills, pay salaries and draw cash from ATM’s. Some of the ways to classify best and worst prepaid cards is by looking at factors such as transparency of fees, value the card offers to its user, safety, convenience etc.

Last year people in the US used prepaid cards 1.6 Billion times and transactions worth $77 Billion were made, according to Consumer Reports. Consumer rep ...

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