In terms of our day-to-day activities, online transactions are one of the most used features of the technical world. You can use your debit or credit card for any kind of online transaction or if you want to deposit money into your bank account, you can simply use the online medium to smoothly process all the activities. Nowadays, there are various applications available through which you could conduct your monetary activities smoothly and without any room for fraudulent acts such as credit card fraud and online theft. Let us know ‘Does google pay accept prepaid cards?’.
One such application that is commonly used nowadays is google pay. Now what exactly is Google Pay and how does it work? Well, Google Pay is an application developed by the google company which makes it easier for you to conduct monetary matters without any time-consuming processes.
Functions and Interface of Google Pay-
In simplest terms, what Google Pay does is, it links your bank account to their application. So whenever there is a need for any kind of payment or receiving some sort of payment, you do not have to go through the long process of taking out your credit or debit card and filling in the details.
Google Pay will link your phone number to your bank account. So if you have to pay a certain amount to any other person, you could simply Google Pay them. But while paying, you have to enter your pin. This ensures no other third party could steal your info and assets. Google Pay also helps you keep with pending bills. All your bills and other pending payments will be accessible on the homepage of the Google Pay app.
To use Google Pay, you will need to have one of the following –
- Debit card.
- Credit card.
- Prepaid card.
All you have to do is, go to the setting and click on the “Add a payment method”. It will link your bank account and you can use Google Pay for any kind of payment.
But what exactly is a prepaid card?
We mainly speak of credit cards and debit cards when any kind of monetary situation arises. But there are also prepaid cards. Prepaid cards are also known as gift cards.
The principle of a prepaid card is a bit different than that of a debit or credit card. In the case of a prepaid card, the amount is already loaded and you just buy the card instantly. This form of card system comes in handy when you do not carry cash with you. There are different ranges of prepaid cards. If you want to get a prepaid card for, say, $100, then you can buy one for a hundred dollars. The advantage of this type of card system is that you do not need a bank account in order to use the prepaid card.
The prepaid card functions like a pack of instant noodles. It is not meant for long-term uses. The prepaid card will stop working once you have spent the total limit of the card. You can refill it once you have exhausted the limit.
The disadvantage of this card is that the fee for using the prepaid card is quite high. Usually, you have to pay a fee for buying the card or if you add money to your card.
Carrying around a pile or even a few bucks at times seems risky. Prepaid cards can solve these types of problems easily.
If you are having trouble managing your credit card usage and seem to spend more than the required amount, a prepaid debit card is perfect for you. You do not have to worry about overspending and inviting trouble at the end of the month as a prepaid card will simply not allow you to do so. From the perspective of management, a prepaid card is perfect for you.
Payment Methods on Google Pay
Google Pay accepts different kinds of payment methods such as –
- Debit card.
- Credit card.
- Prepaid card.
- Gift card.
- Through a bank account.
In this ever-growing society with such advancement in the fields of science and technology, everything around is getting more accessible. The concept of a digital wallet has proved to be very promising and effective. Google Pay also keeps a transaction history and shows the account balance for better management. Most of the digital markets and web portals use Google Pay as one of their payment methods, making it easier for people to buy stuff. You can link your prepaid debit card by clicking on the “+add a payment method” option and filling out the required information.
If you own a prepaid debit card and you are confused if it can be linked to Google Pay then worry not. Google Pay accepts prepaid cards as well as gift cards as a method of payment. The process of linking is also quite easy!
