What is the difference between a prepaid gift card and a gift card?
What is the difference between a prepaid gift card and a gift card? A Gift Card usually can only be swiped till the balance in the Gift Card is exhausted. Once the balance is exhausted, the card is of no use. In contrast, a Prepaid Card can be used till the time it has some balance on it.
What are the risks of prepaid cards?
Criminal worldwide are using Prepaid cards to commit money laundering and frauds. They use it in the placement, layering, and integration stages of money laundering. The criminals exploit the critical features of prepaid cards, such as anonymity, global reach, portability, and easy funding methods.