The Application of Pre-Paid Cash Card for Consumers

7:48 PM / Posted by Melissa / comments (5)

What is a pre-paid cash card? Is it a credit card or a debit card? Are you confused now? Never mind. I'll explain what is a prepaid cash card actually in this post.


A prepaid cash card is neither a credit card nor a debit card where it doesn't have line of credit. Besides that, it is not a debit card because it is not linked to a bank account with an overdraft facility. We can't borrow money with a prepaid card, we can only spend the money we have loaded onto it.

Prepaid cash card can help to manage your money safer, easier, and cheaper. Prepaid Visa and Prepaid MasterCard work like a checking account where individuals and businesses deposit money and withdraw funds from a protected account. The money is safe in the prepaid card accounts instead of carrying it around in cash. It's very convenient to sign up for a prepaid cash card.


The usages of prepaid cash card are wide. It can be used in many ways as follow:
Prepaid cash card can be used to make purchases. For example when u go shopping, u do not need to carry a lot of cash around. Besides, it is more secure to use prepaid cash card rather than carrying cash around and it enables the person to start spending according to a budget as well. Apart from that, prepaid cash card can also be used to withdraw cash from ATM without worry about overdrafts because you can only spend what is in your account.

Furthermore, you can use the card to shop & pay bills online, make hotel & car rental reservations, and purchase goods & services wherever Visa or MasterCard is accepted. Besides that, it is more secure to use prepaid cash card rather than carrying cash around and it enables the person to start spending according to a budget as well.


Prepaid cash card are widely used in :

- Everyday shopping

- Internet shopping

- Topping up your mobile phone

- Paying bills

- Paying monthly subscriptions

- Withdrawing cash from ATMs
- etc.


Example of prepaid cash card that is used in Malaysia is the Touch n' Go. It is used at all highways in Malaysia, major public transpots, selected parking sites and also theme park. User can continue using the card as long as it is pre-loaded. Touch ‘n Go enhances the speed of paying and it is also very convenient because user no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction.


The are two other companies that provide prepaid cash card. If you are interested, do visit the following companies' websites:

i) AccountNow ii) ThinkGlink

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Credit Cards Debts: Causes and Prevention

1:48 AM / Posted by phaikyin@snowyin / comments (4)

Hi, everyone! This week article is on one of people’s major concern which is credit cards debts. Credit cards are very common in this century. According to Wikipedia, it is a part of payment system which uses a small plastic card for payment. The issuer of cards allows the user to borrow money to pay for goods or services to the merchant in advance.






Credit cards can be very convenient if it is used properly, otherwise, you’ll be surrounded by load of debts which may cause bankruptcy. I’ll share some of the causes and prevention of the credit cards debts in this article.


Maintaining expenses on a reduced income- Excessive spending is one of the main causes, especially when users are experiencing reduction in their monthly income. If users still spend as if they are having their previous income, they will soon find that their credit cards’ monthly charges will be doubled or tripled up. A fast and effective way to prevent this is creating a new budget which can get your spending under control. Users will have a clear view on how much money they have each month and how many they need to spend for the month.



Low or no savings- It is important to contribute money to the savings account regularly. However, if you’re contributing very little or no fund to savings account, your savings may not able to cover unexpected or emergency expenses. An easy way to prevent from adding charges to credit cards during emergency is set up an automatic monthly transfer to your savings account. With this system, you would not need to worry that you will forget to set your funds aside.

Poor money management- Money management includes everything from monthly budgeting to bill paying to savings and investment contributions. Therefore, failing to manage any of the areas will cause you to loss control on your finance. For instance, if you fail to pay your monthly credit card bills, you will be charged for late payment at substantially high interest rates. The same solution for the “low or no savings” is applied here. Users should consider setting up an automatic bill pay transfer to ensure that they never miss out any payments.

Overspending- Spending do helps to boost up the economy but spending too much on unnecessary things is the most common cause of increasing credit cards debts. It seems impossible to stop swiping our credit cards to get things that we want with all those glittery advertisements which keep on persuading us to buy, buy and buy! In order to prevent overspending, set a budget on your necessary monthly spending and stick to it!

Prevention is always better than cure. Think twice before you intend to purchase using credit cards and avoid mistakes that lead to burdens of debts. Good luck, people!


For more in-depth details, please visit the web sites below:
http://www.debtfirms.com/credit-card-debt.html
http://www.3debtconsolidation.com/creditcardmistakes.html

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Electronic Currency

11:01 PM / Posted by ~~wOrlD oF cHaRliE~~ / comments (0)

Hi, my dearest readers. Today I’m going to share some information regarding the electronic currency with you guys. Yet, before I provide the detail information about it, let me take this opportunity to share some basic knowledge first. As we know, the improvement of technology and internet has driven the use of electronic currency in the world. Besides, it also plays a major role in most of the transactions which perform or done through the internet. Thus, it is important to know about what is electronic currency as well as their pros and cons.

Now, let me ask you a question. What is the electronic currency? Isn’t something like traditional money that can be seen and touch? The answer definitely is NOT! In fact, electronic currency is an intangible money that cannot touch and it is money or scrip that just can be exchanged electronically.Thus, it is safe for us to use the electronic currency, we do not need to worry that the money will be lost. E-money, electronic cash, electronic currency, digital money, digital cash or digital currency is another term of electronic currency.


Electronic currency to be used for payment over the internet is stored electronically on receipt of funds. Moreover, it can be held on devices, cards or on a server, for examples pre-paid cards, electronic purses and etc. In order to exchange electronic currency over the internet, three systems should be involved which are computer networks, internet and digital store value system.

The examples of electronic currency are Electronic Funds Transfer (EFT) and direct deposit. EFT is used to perform financial transaction electronically by using computer-based systems while direct deposit is used to transfer money by using certain system.




There are many companies that provide electronic currency in the world. One of the companies using this currency is PayPal. PayPal is an e-commerce business which allows payments and money transfers to be made through internet. Besides, a PayPal account can be deposited from bank account through electronic debit or by credit card.



Click and buy is also another company that provides electronic currency. It allows customers made payment through the internet without ever providing their personal bank or card details again. This system is currently used by Skype, Msn, T-online, Playboy, Electronic Arts and etc.


However, there are pros and cons using this electronic currency. One of the major benefits is security, by using electronic currency you do not need to worry about the exposure of your private information to stranger. You can made payment through internet without giving any private information.

Second benefit is lower cost transaction. Unlike other business which may eat up an unreasonably fees from your profit, electronic currency trading allows you to earn more from your business which require minimal fees only. Another benefit is globalization, which allows you to assess into global market with no restriction and control from local currency.

One of the limitations is failure of technology. Breakdown of network, defected by worm or virus and etc will cause the data and record to be disclosed to outsiders which may become the barrier of using electronic currency. On the other hand, additional hardware is required by the company in order to perform this electronic currency software and the installation cost is quite costly. Thus, cost of implementation can be considered as a big issue for the company.

If you want to know more about the electronic currency, please do not hesitate to visit the following links which might be useful for you.

i) Electronic Currency
ii) Electronic Currency Trading
iii)Benefits of Electronic Currency Trading

Thanks for viewing our blog.

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1st Dell physical store in Malysia: Review

10:51 PM / Posted by Marcus Teoh / comments (0)

Article Review: 1st Dell physical store in Malysia
On December 2007, the 1st Dell’s store called Dell Direct Store is open at Mid Valley Megamall, one of the biggest shopping mall in Kuala Lumpur. Here I want to correct that Dell Direct Store@Mid Valley at previous actually is a showroom for public to feel and test out the machine and do not involve of any selling on that time. After a few month later, Dell Direct Store had changed to a real retail store. Why Dell decide to open a brick-and-mortar store and also selling online?

Before starting our discussion on reasons Dell goes retail, I would like to introduce some about the Dell to let the readers have a clearer picture on this post. Dell is founded in 1985 by Michael Dell to offer personal computer via mail order. As the advanced technology and germination of e-commerce, Dell implemented aggressive online order-taking instead of mail-order. Starting 2002, Dell opened kiosk located in shopping across the US in order to give personal service to customer who preferred this method of shopping to using the internet or the telephone-system. On January 30, 2008 Dell shut down all 140 kiosks in the US due to expansion into retail stores.

Reason Dell expanding business to brick-and-mortar
Loss on market share
According to research firm Gartner, HP took an 18.2% market share at year 2007, while Dell’s share slipped to 14.3%. Before the year of 2007, Dell was the largest personal computer manufacturer and hold majority of the market share on the world. It is possibility that Dell wants to follow the way of HP’s success as selling of HP computer in the online stores and also physical stores.

Feel and touch the product
Previously, Dell computer only sell computer online and result the consumers cannot fell and touch the product. Customers nowadays are reluctant to believe what appear in the online world although the online shopping website such as Dell provides 360̊ views of the products where you can rotate the product. The wise move of dell goes retail benefits customer who wish to scrutinize the product before make purchase.

Target User
In the year before 2008, Dell sells its computer with only target those who have the computer and internet connection. Many of the first time users or not online-trading literate like a fresh university students who purchase the computer do not have the idea of purchasing online and further let this great opportunity flow to competitors.

Others reasons
Some other factors such as online fraud is increasing, lower price due to direct sales model hurt brand equity, online payment still not popular in Malaysia, credit card only available for those who have a satisfactory income, and etc are causes of sales of Dell computer drop in Malaysia.

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