What is a prepaid card?
A prepaid card is a card that you can load money onto it. The card itself holds the money and is not in an external bank account managed by a financial institution. That means it’s not like a debit card that’s attached to a bank account, and so, the money in your bank account is directly connected to the debit card.
So, if a prepaid card is not linked to a bank account, how does it work? Well, to begin with, a prepaid card is one that you can add money to via a bank card, for example. Think of it as a gift card you buy at a store. You can spend whatever money is loaded onto the card. Once that cash is used up via online or physical store locations, you’ll need to add money onto it again.
You get the card at a physical store or online. The cards will have a certain amount already pre-loaded onto them. It’ll have specific denominations like $50, $100, $150 and so on. So, all you have to do is hand over the equivalent amount in cash to the store you’re buying the prepaid card from.
Another thing you should know is that prepaid cards can come in a physical form or as a virtual card. The physical ones can be bought at a store in the mall, for example. While the virtual ones can be bought online via various suppliers.
At the end of the day, there’s no need for network access at the payment collection points or at prepaid card betting sites. The money can be deposited and withdrawn straight from the card.
How to use a prepaid card on a betting site in MA
How to use a prepaid card on a Massachusetts betting site is a straightforward process. When you want to sign up with Massachusetts betting sites that accept prepaid cards, there are a number of things you need to be aware of.
First of all, make sure that the site is licensed to operate in MA. Also, take a look at the range of sports betting markets on the Massachusetts betting site so that you know if your favorite sports are available. Don’t forget to read some reviews about the site to see what people have to say about it.
If all looks good, you can sign up with them and make your first deposit using a prepaid card. Remember to check if: