It's all done electrically via the computer system. These cc are locked out of the system and would not get cc approval. I dont really know HOW only thing I can say is its technology.
r there any loans company that will accept prepaid debit cards.
Check nationalcash.com. Its a good and reliable company to buy Prepaid debit cards.
Debit Cash for the cash received, and credit a liability account you can call Prepaid Rent or Prepaid Deposits. Basically, you credit a liability account because you "owe" them the rent for the month they have paid for in advance. Once the month has passed, you can debit the Prepaid Rent and credit Rental Income. Or, if the prepaid rent is a deposit made, you just keep it on your books as a liability until the end of their lease, at which time they will either be refunded the deposit (debit Prepaid Rent, credit Cash) or if they don't pay their last month's rent you can use the deposit (debit Prepaid Rent, credit Rental Income).
A prepaid card looks similar to a credit or debit card, with a card number, expiration date, and security code. It is usually plastic and can have a design or logo on the front.
Debit
It's a debit
Can a cash advance be deposited on a prepaid debit card?
Most rental car companies will not accept pre-paid debit cards for a car rentals. Most companies will accept standard debit cards and all will accept credit cards.
I'm not sure about ALL prepaid debit cards, but I know that if you buy a prepaid debit card from NetSpend, you can easily track all your purchases (deductions) online at any time. Check out the link below for more details on prepaid debit cards.
Prepaid Expenses would normally have a debit balance.
Account Now is a company that offers prepaid cards that can help to manage your money safer, easier, and cheaper. Everything from a prepaid debit card, prepaid visa or prepaid master card.
you would label it as a prepaid expense. Debit -prepaid travel expense credit- cash