Cam site that takes american express
That’s only about 4.5 million merchants, compared to 7 million for Discover and 8 million for Visa and Master Card.As much as we’d like to say that Am Ex is a solution for the unbanked, the nearly reloading charge just reinforces our belief that regular checking accounts are generally preferable to prepaid.We wrote last week about American Express’ new prepaid debit card, which is being billed as a low-fee, easy-to-understand alternative to the cluttered (and frankly shady) prepaid debit market.
All you need to get started will be a Pay Trace username and password, that’s it.
There is more, every time your customers pay you they will be able to securely save their credit card info on the Pay Trace servers.
Anyone with a bank credit card or checking account – who can reload the Am Ex prepaid for free – has no need for a prepaid card.
And anyone who doesn’t will have to pay Green Dot $4.95 every time they reload the card.
The primary reason to get a prepaid debit card is to avoid having a checking account to begin with, whether because you can’t make the minimum balance requirements to avoid paying fees, or because you simply don’t want to keep your cash with a bank.