Cashplus
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| Product type | Prepaid card |
|---|---|
| Owner | Advanced Payment Solutions Limited |
| Country | United Kingdom |
| Introduced | 2005 |
| Markets | Financial services |
| Website | www.mycashplus.co.uk |
Cashplus is a prepaid credit card operated by Advanced Payment Solutions in association with MasterCard. Announced in September 2005, it was the first prepaid credit card to be launched in the UK.[1] As of 2008, it was Europe's leading MasterCard-based prepaid service.[2]
The card can be used to shop online, in store or over the phone using funds loaded onto the card in advance, and can be topped up in a variety of places, including the UK Post Office locations, Epay outlets or through a standing order with a bank or employer. Cashplus pricing plans include a monthly plan with unlimited transactions or a per-transaction fee. Other Cashplus card fees include those associated with other a prepaid cards, including a fee to purchase the card and using an automated teller machine. The cards are recommended for people who need to move money between countries, as unlike traditional wire services they do not charge a percentage of the amount transferred.[3]
See also
- Payoneer, a MasterCard-based internet payment service.
