Prepaid Card Overview

Modified on Fri, 22 Sep 2023 at 03:50 AM

In this article, we'll dive into the key features, target audiences, recommended usage, and how Prepaid Card seamlessly fits into your daily transactions. Whether you're an Employee, a Business Owner, Admin, or a Bookkeeper, our Prepaid Card is designed to fulfill your specific demands, regardless of which role you participate in.

Table of Contents

Jack Prepaid Card Key Features

Card Limit within Your Full Control

The key difference between Prepaid and Virtual Cards lies in the concept of limits. While Virtual Cards adhere to your company's financial performance, Prepaid Cards grant you a balance (or limit) based on the amount you top up. Once you transfer funds from company balance or using the Virtual Account, your balance instantly reflects the amount you've topped up. You can then proceed to make transactions with the same ease and convenience as using a Jack Virtual Card.

Fast-lightning Card Issuance

In today's fast-paced digital world, traditional business cards are getting a modern update. Say hello to ‘Prepaid Corporate Cards'. These cards are much like the ones we're used to, but they exist only online, making them easy and fast to issue.

Issuing a Prepaid Corporate Card is as simple as clicking a few buttons (learn how to get it here). No more paperwork or waiting for a Physical Card to be made. Plus, you get immediate access to your business spending limit. It's a fresh, speedy approach to handling corporate finances.

Effortless Team Assignment

In the dynamic environment of corporate business, effective delegation and resource management are paramount. With Jack Prepaid Cards, assigning a card to your team has never been easier. Whether it's for a specific project, department, or an individual employee, you can effortlessly allocate funds to ensure smooth operational flows. Just a few clicks in our user-friendly interface (learn how to do it here), and you're set to provide your team with the financial resources they need. 

Real-time Reporting and Notifications

Stay on top of your expenses with real-time reporting and instant notifications. Same as Jack Virtual Card, Prepaid Card users will receive updates via email or SMS every transaction made in real-time, ensuring you never miss a beat. You can easily check the details through our intuitive Jack Portal or Jack App, so you can monitor card usage anywhere you go. Track transactions effortlessly and gain full visibility into your spending. Discover how to check transactions and how comprehensive our transaction report is in this article.

Easy Management and Control

Take charge of your finances with ease. Our Prepaid Cards feature empower you to block or unblock cardscustomize card detailseasily top up, move, and return the balance, save receipts per transaction, and keep your records organized and accessible whenever you need them.

Bridging the Gap between Paperwork and Efficiency

Same as Jack Virtual or Physical Card. Prepaid Cards also bridge this gap by providing you with the documentation you need. Our card comes with a user-friendly feature that allows you to describe or upload receipts for each Prepaid Card transaction. This ensures transparency, accountability, and streamlines your record-keeping process.

Who Can Use Jack Prepaid Card?

Jack Prepaid Cards are specifically engineered to cater to high-volume businesses in sectors such as digital payments, digital advertising, and tech-related commerce, providing them with efficiency and scalability solutions. While Prepaid Cards are highly recommended for single payment transactions, we encourage caution when using them for subscription-based payments. This targeted approach ensures that our Prepaid Cards align perfectly with your digital business requirements.

Use Case

  • Office Expenses. Seamlessly handle payments for electricity, water, and other utility bills, ensuring your office runs smoothly, and keep your workspace stocked by effortlessly purchasing necessary supplies and equipment.

  • Travel Expenses. Enjoy hassle-free checkouts and swift payments for your business trips, ensuring your accommodation needs are met seamlessly. From booking online flights to trains and taxis, making business travel a breeze.

  • Other Expenses. Effortlessly online purchase stock for your inventory or equipment for your workspace, ensuring smooth operations. Or simplify payments for health-related expenses and insurance premiums, providing peace of mind for you and your employees.

Get your Jack Prepaid Card now! It takes minutes to activate your card and your card is ready to use. Learn how to get it here.

How Does It Work?

Powered by Mastercard

Jack Prepaid Card operates in partnership with Mastercard, leveraging their established network and infrastructure. We also bring you the reliability and global acceptance of one of the leading payment networks. This partnership enables you to use Jack Prepaid Cards in any sites or any online transactions that accept Mastercard Payment, anytime you want. Trust in the security and convenience of our Prepaid Cards.

Transaction Process

Prepaid Cards in Jack have Virtual Card form. Once your card is activated, Cardholders can see all the essential digital card details in Jack Portal or Jack App, including the card number, CVV, and expiration dates. Using the card for any online transactions requires you to top up any balance amount to it. Topping up your card is a breeze using two (2) methodsRequest funds from the company balance or direct-transfer using the  Virtual Account (VA). Once you've finished topping up your desired amount, you can effortlessly insert your card details into any merchant's platform. With a simple click or tap, your transaction is completed swiftly and securely, leaving you free to focus on what truly matters: growing your business.

After completing the transaction, keep an eye out for confirmation of your payment. You may receive an email, an SMSor find the transaction details inside your Jack Portal or Jack App (in Transactions page or Card details page) in real time. These notifications serve as evidence of your successful payment process, providing peace of mind and a record of your transaction. Curious how the transaction details will look like? Explore this.

Security Protocol 

We take your security very seriously. If something doesn't seem right, or if you lose your card, you can block your card temporarily or permanently. You can do this quickly and easily through Jack Portal or Jack App.

We also keep an eye on your account for any strange activity to make sure your account stays safe. We want to give you the most secure experience we can. Unleash more information about how secure our card ecosystem is in this article.

We invite you to step into the exciting world of Jack and experience a new level of financial freedom. Whether you choose to explore our Prepaid Cards or opt for our Virtual Cards, Jack is your trusted partner, empowering you to break barriers and reach new heights. Join our vibrant community (click here) and witness the power of innovative financial solutions tailored explicitly for your business needs. With Jack, you can revolutionize the way you manage corporate expenses, simplify payments, and unlock a world of possibilities.

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