A Visa prepaid card is a prepaid card that bears the Visa mark. It is prefunded and can only be used to purchase something with a value up to the amount that is on the card. Purchasing one generally does not require a check or bank account, and it can be refilled at many stores. A list of these stores can be found on the Visa website. A prepaid Visa card can also be refilled online through the Visa ReadyLink program. In addition, prepaid Visa cards can be refilled through the deposit of disbursements, such as wages, tax deposits, social security, child support or welfare.
When paying with a prepaid Visa, certain retailers may have different rules for prepaid cards, depending on the type of transaction. For example, paying for gas at the pump may cause a $75 hold to be placed on the account. Restaurants may also attempt to check the balance of the card in order to ensure there is enough to pay for the bill. Some rental car agencies also require an actual credit card to reserve the vehicle, although they generally accept a prepaid Visa to pay the final bill.Learn more about Credit & Lending