The BitPay Prepaid Mastercard is a reloadable prepaid card, not a credit card or debit card.
Credit Card - The issuer extends a line of credit. With each transaction, you are borrowing against the line of credit.
Debit Card - Funds come from the cardholder's checking account. The amount in your checking account is the amount available to spend on your card.
Prepaid Card - Funds are preloaded onto the card from another source of funds. The amount available on the card is the amount loaded onto the card.
The BitPay Card is a prepaid card. This means you can't spend more than the balance. The BitPay Card is funded through conversion of cryptocurrency to USD for spending anywhere Mastercard is accepted.
-----------------------------------------------------------------------------------------------------------
The BitPay Prepaid Mastercard is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. For customer service call BitPay Prepaid Mastercard at 1-855-398-1373.
Comments
0 comments
Article is closed for comments.