What is a prepaid credit card and why is it so convenient?
Do you hate being in the red? Are you looking for a credit card that you can easily apply for, without a credit check? Or do you need a credit card immediately for an online payment? In all these situations, the online credit card from Getsby offers the solution, as it is not a regular credit card but a prepaid variant. You can do almost the same things with it, only it works just a bit differently.
How does a prepaid credit card work?
A prepaid online credit card is a credit card that you load money onto in advance. A rechargeable online payment card, so to speak. You can only spend the money that you load onto the card, and going into the red is not possible. This makes it easier to keep track of your expenses, and you also don't incur extra costs. And because you are not borrowing money, a prepaid credit card does not affect your credit score. You can load money onto it using a payment method of your choice, for example via iDEAL.
What can you use an online prepaid credit card for?
You can actually use the online prepaid credit card from Getsby anywhere Mastercard payments are accepted. Including international webshops, during a business trip, but also for paying subscriptions.
You can even use separate cards for various types of payments. Think of an AI subscription, where you want to prevent it from being automatically renewed. By loading a limited amount onto the card, a renewal is simply not possible. With a classic credit card, you would then go into the red. This is not the case with the prepaid credit card from Getsby, as it is not linked to your (business) bank account.
Advantages and disadvantages of an online prepaid credit card/payment card
A prepaid credit card has many advantages for entrepreneurs, of which these are the most important:
- easy and quick to apply for online, without a credit check
- more control over your spending, as going into the red is not possible
- immediately usable, for various purposes
- ideal for online payments, subscriptions, and business trips abroad
- the possibility to order multiple prepaid credit cards
- secure payments, via the Mastercard network
Almost everything has advantages and disadvantages, which is also the case for the prepaid credit card. The main difference with the classic credit card is that holding a deposit is often not possible with a prepaid credit card. So check in advance whether a prepaid credit card is suitable when renting a car or for another payment where a deposit is involved.
What does a prepaid credit card cost?
The costs of a virtual prepaid credit card vary by provider. Getsby offers a competitive price, where you pay €3.99 for activation and no monthly fees as long as the card is active. Transaction fees are also free, but you do pay a currency conversion fee of 2%, if applicable. The business card is valid for 36 months, with a maximum balance of €1,000.
