Tuesday, September 29, 2009

Western Union Offers New Reloadable Prepaid Visa Cards

This post on Mobile-Financial.com highlights that Western Union now offers two fee-friendly reloadable Visa prepaid cards called the Western Union MoneyWise(TM) and Gold Card Visa prepaid cards. These cards do not carry monthly maintenance fees, purchase transaction fees, or customer service fees.

Tim Sloane, vice president client services and director Prepaid Advisory Service for Mercator Advisory Group mentioned:

"When you take into account activation, maintenance and transaction fees - among other costly additions - the typical reloadable prepaid card user can be charged upwards of $200 in fees over the course of a year. Western Union's new reloadable prepaid programs finally deliver the value proposition consumers have been long waiting for in this market."

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