Union Credit Prepaid Card Payments Uses as the Multi Utility Card
Union Credit Prepaid Card Payment may be used to both pay bills, either as a one-time transaction or recurring transaction, and to transfer money to other cards of the same brand.Some prepaid credit card bill payments are made in the same manner as regular credit cards. Payments may be made on the utility's website, on the telephone with representatives of the utility, or by filling out a form included with a paper bill in the mail and returning it to the utility. There is usually no fee for transactions such as this.
Other prepaid credit card bill payments may be made through the prepaid credit card issuer's website. The Prepaid Solution maintains a website where cardholders may make bill payments. There may be a fee for bill payments made through a prepaid credit card issuer's website.
When a prepaid solution credit card is first obtained it is necessary to register the card, activate it and load funds. Some cards come with preloaded amounts, so all that is required is to register and activate the card. One of the benefits of a prepaid credit card is that it offers the consumer protection in the event the card is lost or stolen. Cards that are not registered in the cardholder's name are difficult if not impossible to replace. Cards also need to be registered with a username and password to allow access to online account services that enable cardholders to make card-to-card transfers and some types of bill payments, as well as to view account balances, holds, transaction history and registration information.
Many prepaid credit cards offered by MasterCard and Visa allow for card-to-card transfers for cards of the same brand. Most prepaid cards do not allow transfers between cards of different brands or between prepaid cards and regular credit cards. Cards such as the Union Credit Prepaid Card allow users to send and receive money transfers using their cards. There is generally no fee for receiving money transfers. There are, however, fees for sending money transfers; these fees vary and are determined at the time the transfer is sent.
Online payment processors perform security checks to match customer information with the information registered on the card. By disallowing transactions where customers are not able to correctly input information that matches prepaid credit card registration records online payment, facilitators have been able to dramatically reduce instances of stolen credit cards used for fraudulent purposes.
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