Best online payment cards?
in Banking, Insurance & Loans ·
Adam Ross8 said:Well, I might be able to shed some light on this topic...
For online shopping, you aren't tied down to a standard checking account; you can use various cards like Visa, Mastercard, Diners Club, or American Express. You just register them through PayPal and then you're good to go on pretty much any website. Just remember, the CVV code is that three-digit number sitting on the back of the card.
Generally speaking, most major banks, like Bank of America, allow you to get credit cards—the kind that work perfectly for internet purchases—as long as you have steady income or can set up an automatic transfer.
Now, over at Citigroup, they offer this WEBprepaid card which, as I mentioned earlier, is a fantastic option for Students because they don't have to deal with that annual membership fee that usually runs about $17. It’s 100% secure for online shopping (though you can also use it in physical stores or hit up an ATM for cash), mainly because if any fraudulent activity happens, State Farm has the stolen funds covered. The way it works is actually quite simple: you open a standard US dollar checking account—which doesn't cost anything—then apply for the WEBprepaid card and move whatever money you need from your checking account onto it. You can even move money back to your main account whenever you want. There’s no overdraft limit and you absolutely cannot go into the negative; you can only spend exactly what you've transferred from your main account for that specific purchase.
The best part is that anyone can grab one of these cards regardless of whether they're employed or not; there's no requirement to show proof of a paycheck.
Just keep in mind that for any international orders, you'll see a bit of a difference in the exchange rate, since you can't deposit foreign currency directly onto it.
I am a student and I paid