Using a prepaid credit card is virtually indistinguishable from paying with an ordinary credit card. It can be used to make cashless payments in physical stores or online. Depending on the issuer, many prepaid cards also let you withdraw cash from ATMs. Occasionally these cards lack the embossing that is typical of normal credit cards.

The differences are greater with respect to how payments are handled. In the case of conventional credit cards, the issuing bank grants the cardholder a monthly credit limit that doesn’t have to be repaid until a specified date. With a prepaid card, the holder can only spend money they have previously loaded onto it.

Where prepaid credit cards are concerned, payout cards or multi-currency travel cards are good choices. They can be used to make payments to employees or customers anywhere in the world, and companies can easily adapt them to meet their particular needs. Thanks to white-label solutions, they can also easily adorn them with their own corporate design.