What is the difference between prepaidcard and creditcard? There are credit cards in China, but are there prepaid cards? What's the difference between them?

Prepaidcard is a prepaid card, and CreditCard is a credit card. There are credit cards and prepaid cards in China. Their differences are:

1. The card issuers are different: credit cards need to be applied for at the bank, and prepaid cards Usually sold in supermarkets.

2. The payment methods are different: credit cards are consumed in advance, while prepaid cards have already been recharged. When paying, the prepaid card uses the money that has already been paid on the card.

3. The acquisition methods are different: the credit card requires you to go to the bank with your ID card, and it is real-name; the prepaid card is anonymous, and you can buy it yourself or someone else.

4. The places of use are different: credit cards can be used wherever there is a POS machine, while prepaid cards can only be used at the unit where the card was purchased. For example, the prepaid cards sold by Walmart can only be used in Walmart supermarkets.

Extended information

Commercial prepaid cards can be divided into single-purpose prepaid cards and multi-purpose prepaid cards according to different use scopes.

1. Single-purpose prepaid card

A single-purpose prepaid card is a kind of prepaid card issued by the card issuer and used only to purchase goods or services in the company or a chain commercial enterprise of the same brand. Card. Including large-scale card issuance, group card issuance and brand card issuance.

Case: Such as Suning Card, Wal-Mart Card, Carrefour Card, Parkson Card, Beauty Card, etc., which can only be used within the card issuing company.

2. Multi-purpose prepaid card

A multi-purpose prepaid card is a prepaid card issued by the card issuer and can be used to purchase goods or services from companies or merchants outside the issuing institution. It can be used across regions, industries, and legal entities.

Case: Shangtong Card, Fucard, Xinsheng Easy Card, Huanfu Card, Linking Card, etc., can be used at multiple contracted customers such as shopping malls, convenience stores, restaurants, etc.

Baidu Encyclopedia - Prepaid Card

Baidu Encyclopedia - Credit Card

What is a debit card, what is a credit card, what is a prepaid card

Debit Debit card: Deposit first and then spend. The upgrade of the passbook is an ordinary savings card.

Credit card: Commonly known as credit card, it is a bank card that can be used for overdraft consumption within the authorized limit and repaid later.

Prepaid cards: Generally, mobile phone cards in the telecommunications industry are prepaid cards.

Is a prepaid card a credit card?

Question 1: What is the difference between a credit card and a prepaid card? A credit card is a bank card, which can be used for overdraft consumption and cash withdrawal. Prepaid cards are not bank cards. They refer to the prepaid value of goods or services issued for profit outside the issuing institution or from the issuing institution. They include prepaid cards issued in the form of cards, passwords, etc. using magnetic stripe, chip and other technologies.

Prepaid cards are also called stored-value cards, consumption cards, smart cards, points cards, etc. As the name suggests, they are cards that pay first and then consume. Prepaid cards are divided into registered cards and non-registered cards. Registered cards can be reported as lost, while non-registered cards cannot be reported as lost. There are many issuers of prepaid cards, the main ones are as follows:

1. In the telecommunications industry, such as China Mobile and China Unicom, your mobile phone card is a prepaid card;

2. Pacific Expo contactless chip prepaid card issued by UnionPay and Bank of Communications;

3. Merchants: shopping malls, supermarkets, restaurants, entertainment, beauty, hairdressing and other industries;

Question 2: What is a prepaid card and what is its relationship with a credit card? Prepaid cards and credit cards may seem related, but in reality they have nothing to do with each other.

Prepaid cards use the same media as credit cards, both are made of plastic cards with magnetic stripes or chips; both are monetary payment tools; both implement real-name systems; both can be used for consumer payments, etc.

Prepaid cards are stored-value consumption cards, which are a bit like debit cards, but the amount of a single card is limited and a bit different, while credit cards are small credit payment tools of banks;

Most of the stored value currently circulating in the market are issued by commercial institutions rather than financial institutions, and mostly use chip cards, while most bank cards currently use magnetic stripe cards;

Most prepaid cards cannot be swiped on bank cards To use it in the environment, you need to build a separate environment for using the card.

So prepaid cards and credit cards are basically incompatible.

Question 3: Can I buy a prepaid card with a credit card? Does a prepaid card refer to the kind of shopping card found in supermarkets? There is no problem, you can purchase with a credit card, it is a credit card consumption.

Question 4: What are the differences between credit cards, debit cards, and prepaid cards? To put it simply: a debit card (DebitCard) refers to a bank card that deposits first and then consumes (or withdraws cash) without an overdraft function. The bank cards we usually apply for are debit cards. You have to deposit money before you can use it, and you will use the part you deposited. If there is no money in the card, then the card can no longer be used.

Prepaid cards refer to the prepaid value of goods or services issued for profit, outside of the issuing institution or from the issuing institution, including those issued in the form of cards, passwords, etc. using magnetic stripe, chip and other technologies. of prepaid cards. That is to say, to be precise, this is not the bank card we apply for, but a supermarket shopping card, membership card, etc. The principle is the same as that of a debit card, which is to charge the card with money first and then go to a designated place for consumption.

Credit card: Credit card, also called credit card. It is a non-cash transaction payment method and a simple credit service. It is a card that can be used for overdraft at the bank. For example, if you do not have an online card to save money, but there is a certain amount of overdraft in the card. That is, the bank can first lend you part of the money.

Question 5: What are the advantages of prepaid cards compared with credit cards? Credit card: Real-name registration is required, and interest on arrears is easily incurred. Prepaid card: No real-name registration is required, and there is no deposit interest (2) Application scenario Credit card: It is more convenient for personal use, it can be overdrafted or in installments, and there are even various credit card promotions. Prepaid card: It is more convenient for gift giving or personal use, but few people buy prepaid cards for themselves to use, and then throw them away without any burden. (3) Credit card issued by the card issuer: It needs to maintain and provide a series of services, such as debt collection, risk analysis, card replacement when due, etc. The card issuer needs to do a lot, and currently there is no good profit model for credit cards. Prepaid cards: There are relatively few services that require maintenance. The card can be canceled directly after swiping, but the cost of the card is high; it is easy to form a large amount of accumulated funds. (4) Legal and Supervisory Credit Cards: Currently, the main issues are risk issues and the amount of consumer debt, which are not restricted by law or the central bank. Prepaid cards: The current regulations are that prepaid cards cannot issue invoices, and the amount of prepaid cards is also limited.

Question 6: What is the difference between a credit card and a prepaid card? With a 5-point prepaid card, you deposit money first for consumption. With a credit card, the bank gives you a certain overdraft limit and then gives you an interest-free repayment period before paying it back. If you don’t understand money in the bank, ask again

Question 7: What is a credit card prepayment? Your ads will start running as soon as you enter valid credit card information into your account; your ads will continue to run if you change from another prepayment method to credit card prepay.

Your ads will continue to run as long as there are sufficient funds in your account. Therefore, please check your account balance regularly. We'll email you when you're running low on funds, and again when your balance reaches zero.

Credit card prepay is available in most countries to existing prepay advertisers and advertisers creating new accounts. Find out if prepay is available in your country

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Question 8: What is a prepaid credit card? 10 points As someone who has been working in banking for more than 10 years, I have never heard of this kind of card.

You should be inquiring about prepaid cards, not prepaid credit cards.

Let’s search on Baidu

Question 9: What does credit card prepayment mean? Credit card preauthorization is equivalent to paying a deposit for consumption, but it is more convenient than paying a deposit. The cardholder does not have to actually come up with money. . Compared with cash and debit cards, the advantages are very obvious.

Take a hotel as an example. The cardholder swipes the card at the hotel front desk for pre-authorization when checking in, and only freezes a certain overdraft limit on the cardholder's card. The actual consumption deduction and settlement will be made when the cardholder leaves the hotel. Not all POS can do credit card pre-authorization transactions. UnionPay only allows a few industries such as hotels and car rentals to activate this function.

Question 10: Is there any difference between credit card prepayment and consumption? If it is pre-authorization, it is usually bound to membership services, or the deposit will be deducted from booking a hotel. Pre-authorization will occupy the card limit, but it will not be used for the time being. Repayment required. If the merchant does not collect payment for a period of time, the pre-authorization will be automatically revoked. If you pay with a credit card, it will be directly credited to the account, and the cardholder will need to repay on the repayment date.

What is a prepaid card and what is its relationship with a credit card?

Prepaid cards refer to prepaid vouchers issued by card issuers through specific carriers and forms for the purpose of profit, and can be used to purchase goods or services at specific institutions. According to whether the cardholder's identity information is recorded, they are divided into registered prepaid cards and bearer prepaid cards; according to different information carriers, they are divided into magnetic stripe cards and chip (IC) cards. It has nothing to do with credit cards.

Issuance process

It is mainly issued by third-party card issuers. It is an emerging industry and a huge profit industry. The number of cards issued is often hundreds of millions or billions of yuan, and the gross profit margin is more than 10. If you want to become a third-party card issuer, you need to solve the following issues:

1. Local tax policy;

2. Clearing system, preferably a quasi-bank quasi-financial level system. If it is the system of a certain software company, you will cause millions of losses;

3. Acceptance terminal: POS machines. Generally, domestic second-tier manufacturers are very popular, and good manufacturers need professionals. Negotiation;

4. Cooperation with contracted merchants, especially local large shopping malls and supermarkets;

5. Card sales: must have a strong local social background;

6. A professional team or professional consultants.

Extended information:

According to the "Measures for the Management of Prepaid Card Business of Payment Institutions":

Article 12: If an unit purchases a prepaid card for more than 5,000 yuan at a time, an individual If you purchase a prepaid card for more than 50,000 yuan at a time, you should purchase it through non-cash settlement methods such as bank transfer, and you are not allowed to use cash.

Card purchasers are not allowed to use credit cards to purchase prepaid cards.

Article 13. When purchasing a prepaid card using non-cash settlement methods such as bank transfer, the name of the payer's bank account and the name of the card purchaser shall be consistent.

Card issuers should check the consistency of account information and identity information, and record the payer’s bank account name and account number, the payee’s bank account name and account number, transfer amount and other information in the prepaid card core business processing system .

Article 14 Card issuers shall publicize and provide prepaid card regulations or sign agreements to card buyers.

The prepaid card charter or agreement shall include but not be limited to the following:

(1) The name, type and function of the prepaid card;

(2) Prepaid card The validity period and calculation method of the card;

(3) Conditions and methods for purchasing, using, redeeming, and reporting loss of prepaid cards;

(4) Consumption convenience provided to cardholders or preferential content;

(5) Charging items and charging standards for prepaid card issuance, extension, activation, replacement, redemption, loss reporting and other services;

(6) Relevant parties rights, obligations and liability for breach of contract;

(7) Transaction and accounting procedures.

If a card issuer changes the articles of association or agreement text of a prepaid card, it shall make an announcement in a prominent position at its outlets and website 30 days in advance.

If the new articles of association or agreement involve adding new charging items, increasing charging standards, reducing preferential conditions, etc., the card issuer shall comply with the original articles of association or agreement for original customers within 180 days from the date when the new articles of association or agreement take effect.

Baidu Encyclopedia - Prepaid Card

What does prepaid card mean?

Prepaid card is a new transaction method that is different from cash, debit card and credit card. , but many friends still don’t understand what a prepaid card is, so what does a prepaid card mean? What is the scope of use? Let’s find out together!

1. Prepaid cards, also known as "shopping cards", "gift cards", "stored value cards" and "consumption cards", refer to cards issued by card issuers through specific carriers and forms for the purpose of profit. , a prepaid value that can be used to purchase goods or services at a specific institution, embodied in the form of shopping vouchers or consumer cards.

2. Prepaid cards can be divided into single-purpose prepaid cards and multi-purpose prepaid cards according to different use scopes. A single-purpose prepaid card can only be used when purchasing goods or services by the company or a chain commercial enterprise of the same brand. A multi-purpose prepaid card can be used when purchasing goods or services by companies or merchants other than the issuing institution.

3. In addition, single-purpose prepaid cards are supervised by the Ministry of Commerce. Card issuing companies should file with the Ministry of Commerce at all levels in accordance with relevant regulations within 30 days from the date of launching single-purpose card business. Multi-purpose prepaid cards are supervised by the People's Bank of China. Card issuing companies need to obtain a payment business license and be allowed to handle the "prepaid card issuance and acceptance" business.

The above is the content about what prepaid card means. I hope you will adopt it.

That’s it for the introduction of whether a prepaid card is a credit card.