To start a prepaid credit card company, set up a business name, choose a credit card company, design the card, set up a computer system and market the card, according to the Houston Chronicle. Specialize the card to target specific consumers.Know More
Starting a pre-paid credit card business begins with establishing a business account and obtaining a tax identification number, notes the Houston Chronicle. Get the necessary permits and licenses from the local county government. Create a business plan that details the direction of the intended business.
Search for the proper credit card companies, such as American Express, Visa or MasterCard, reports the Houston Chronicle. Be aware of any fees that may discourage potential consumers from applying.
Work with a pre-paid card originator to design the company card, explains the Houston Chronicle. Fees are usually associated with the card design, but owners have a chance to choose a unique style.
Set up pre-paid cash registers to prevent consumers from using other cash advance centers. Owners can also profit from the fees. Market the pre-paid cards, and mention such enticing offers as no overdrafts or limits. Tailor the card to certain demographics or groups, such as parents who want to teach their kids how to use a card at a young age, claims the Houston Chronicle.Learn more about Credit & Lending
To set up a credit card machine for a small business, open a merchant account where the money can be deposited. Once you have opened the merchant account, select and establish a method of accepting card payments. Make sure you understand the fees involved.Full Answer >
The process for retrieving a lost or forgotten PIN for your credit card depends on the exact card in question, since each company has its own process for dealing with PIN numbers. Generally, to retrieve or change your PIN, go to your online account, contact the issuing institution or call the card's customer service. Expect to answer security questions to verify your identity as the authorized cardholder.Full Answer >
A consumer can request an increase to his line of credit by calling his credit card company or making the request online, according to U.S. News & World Report. There is a chance that a request for an increase could result in a hard credit inquiry and a lowered credit score.Full Answer >
The best way to check the balance of a prepaid Visa card is to check the balance through the issuer's officialwebsite. Cardholders can also call a toll-free service number, according to Visa's official website.Full Answer >