What are the ReadyCARD exclusions and limitations?
Recurring Transactions: Prepaid cards are not ideal for recurring transactions. “Recurring Transactions” are transactions that are automatically charged to your ReadyCARD each month with or without your knowledge. Examples of merchants that may use recurring transactions include Internet service providers, health clubs, insurance companies that automatically charge monthly premiums to your ReadyCARD, “Book of the Month Club” type merchants, cable TV services and the like. Because your ReadyCARD is prepaid and does not carry a credit line, these merchants may suspend or cancel your service if you don’t have enough money left on your ReadyCARD when that recurring transaction comes due. This could cause a problem if the recurring charge is for an essential service, such as gas and electricity. Therefore, prepaid cards are not ideal for these types of transactions. Open End Transactions: There are certain types of merchants that sell goods or services where the final amount they will charg
Recurring Transactions: Prepaid cards are not ideal for recurring transactions. “Recurring Transactions” are transactions that are automatically charged to your ReadyCARD each month with or without your knowledge. Examples of merchants that may use recurring transactions include Internet service providers, health clubs, insurance companies that automatically charge monthly premiums to your ReadyCARD, “Book of the Month Club” type merchants, cable TV services and the like. Because your ReadyCARD is prepaid and does not carry a credit line, these merchants may suspend or cancel your service if you don’t have enough money left on your ReadyCARD when that recurring transaction comes due. This could cause a problem if the recurring charge is for an essential service, such as gas and electricity. Therefore, prepaid cards are not ideal for these types of transactions. Open End Transactions: There are certain types of merchants that sell goods or services where the final amount they will charg
