How to Start a Prepaid Debit Card Business

One of the rapidly growing industries in this modern economy is the prepaid debit card business. This is because many people have stopped using credit cards to pay off credits.

Likewise, using prepaid debit card can also help you budget your monthly purchases.

Starting a prepaid debit card business is ideal for people who are looking for home business opportunity. Likewise, this type of business would help young people such as students who are not yet qualified to apply for credit cards. This is also good for immigrants who cannot avail banking services in making payments. Many customers preferred prepaid debit cards as compared to regular credit cards because these are less expensive. The good thing about this type of business is that you can make it online to resale the cards. Nevertheless, there are some important considerations to observe before starting a prepaid debit card business.

Issuing Value Cards

Just like any other businesses, before you set up you should determine your target market. There are various kinds of cards used for different purposes such as general spending, gift, incentive, payroll, reward, travel and many others. In this sense, you should decide whether you want to serve individuals or companies. Companies that do not want to issue separate checks for large cash distribution oftentimes obtain services of prepaid debit card companies.

The next step that you should do is to find for legitimate value card providers. Sometimes banks also offer this type of cards for resale to other businesses that utilizes such cards. See to it that you understand clearly the costs and services because your profit depends on those details. As much as possible, you should make a detailed business plan about your target customer as well as the manner on how you will sell the cards. Likewise, you also need to project your future sales, net revenues, cost of sales, administrative expenses as well as other financial matters. Determine how many cards you can sell that can cover your monthly marketing expenses and eventually make you profit.

Inquire for any assistance offered by your service provider. Most providers would assist you by providing tools that you can use in distributing and reselling their product. On the other hand, in case your provider does not give adequate help, you can opt to work with different company. Likewise, you also need to consider local, federal and state laws that govern this kind of business and other liability concerns. In this way, you can ensure that you can protect your business from anti-money laundering. In addition, you also need to consider debit card features that are competitive in the market and are useful for your target audience. Features should include security as well as customer’s incentives.

157 Comments

  • T. Tabu Thomas said on January 19, 2011
    Sir or Madam, I am an Income Tax firm proprietor & I'm interested in establishing pre-paid debit cards with my company logo. Please contact me at your convenience in this regard. Thanks in advance for your anticipated consideration. Cordially-
  • Michelle said on January 29, 2011
    I'm looking for a professional ethical company that will provide me with the website & other tools to sell pre-paid credit cards & debit cards to Americans & Canadians. Please contact me with details. Thank you, Michelle
  • Junior said on February 6, 2011
    i want to being establish a prepaid debit card in haiti just to buy online and use it when they travel,please contact me , cassadjy509@yahoo.fr
  • John said on March 26, 2011
    I like to start a pre-paid debit card business. Please contact me at mab0000@hotmail.com
  • darryl johnson said on April 5, 2011
    We can help you create a custom debit program to your specs. We have Visa and Mastercard program as well STAR ATM Cards. Low start-up cost Full turn-key programs, please contact me at best@solution4u.com
  • maritza said on May 24, 2011
    Located in Miami Beach, Miami, Florida. Would like start up information on prepaid visa/mast/debit as all other misc information you can forward me.
  • Masis Sarkisian said on July 27, 2011
    We have helped many companies become a Card Program Manager as we have our own Processing Platform for both Open-Loop and Closed-Loop Gateway. Having more than eleven (11) years of business experience in the Debit Card industry and almost thirty (30) years in the Financial Services industry with over Five-Million Debit Cards issued we can help most businesses succeed. Feel free to contact us by email or call us at (847)827-0100 x-500
  • bob said on August 1, 2011
    wellington ohio usa. would like to start prepaid and gift card business from home ...can you help thank you
  • Tafadzwa Kakono said on September 20, 2011
    I'm willing to start a prepaid card business. can anyone help? tafkac2@gmail.com
  • yuusuf said on October 17, 2011
    I'm in columbia s.c., is there any professional help that can help me establish a very small based prepaid debit card business that can one day compete with Rushcard. Greendot and other prepaid cards? I would like to acquire as much knowledge in making my prepaid business a reality?
  • Seth S. said on November 28, 2011
    I'm future Investment and Brokers small firm. I would like set an small business in prepaid card business with my company logo. Please contract me, thank you.
  • Jackson said on January 24, 2012
    I would like to setup a prepaid debit card in st Lucia please contact me with any information. Thanks
  • Lindell said on February 1, 2012
    I was looking into starting a prepaid card company in Tulsa, Ok. Any info that can help is much appreciated. Thanks in advance lpoint5@yahoo.com
  • rolin julmiste said on February 15, 2012
    i'm in maiami, fl., i would like to start a prepaid card company, so please contact me...
  • Nyela said on February 22, 2012
    I am extremely interested in starting a home based debit card business. i have been looking into this as an option for a home based business. I hope my search for a legitimate business can stop here
  • Serge said on February 27, 2012
    I am From Paris, I am also extremely interested in starting a based prepaid card business. Please, if anyone has any info please do not hesitate to contact me
  • Stacey said on March 7, 2012
    I have a prepaid card company. Looking for opportunities and people to market. Email me if you are interested.
  • Reverend Ira L Lewis said on April 4, 2012
    UPON THIS ROCK GROUP, dba (Reverend Ira L Lewis) Austin, TX USA. I have business that does a lot of credit/debit card transaction and I am interested in a Prepaid Debit Card Business. Thank You.
  • Qasim Yoba said on April 22, 2012
    Good afternoon, I would like to start up a prepaid card business in St. Thomas, USVI; please advise if you can help me with this venture, you candor in this matter is highly appreciated.
  • Bob Richard said on April 22, 2012
    San Diego CA 92126. Please send info so that I can compare opportunities. I have questions re: auto-deposit methods, service fees, and everything else I need to know. I have a business online with lots of traffic already. Thank you. Bob 858/880-5724
  • yvette said on May 11, 2012
    Good afternoon, please send me info in regards to pre-paid card business in Cleveland Ohio, Large traffic area, any and all information would be great. Thanks Yvette
  • Linda Johnson said on May 16, 2012
    Positive Thinking Will Make You Happy, Inc. is the name of my business. I would like to start up a prepaid debit card through my business online and in the New York Metropolitan area. Can someone please contact me to discuss at my email address at marshaelin@aol.com. Can you also provide a name and direct telephone number os someone who can assist me. Thank you.
  • Aaron Newson said on May 30, 2012
    Fan Warrior Nation, Inc. is my business name and I would like to start a prepaid debit rewards card business through my online fan club. I am in the Rochester, NY area. Can you please contact me at my email address to provide me with the proper contact info I need to make this happen. Thank you.
  • latisa redditt said on June 18, 2012
    I would like to start a pre-paid card business. My company called FACEBANK CO. and we help a lot of people make money, to get out of debts, as well as affiliates marketing. Please send me an email: rougenews@gmail.com to help start this business. Thank you.
  • Malcolm Dock said on June 20, 2012
    I am currently looking to start a prepaid debit card business within the next year. I'm current at the phase in my business plan where I need to set pricing. I'm interested in a estimating start up cost for a bulk purchase, and if these cards are traceable or any software that I can use to track the transaction activity. I'd be grateful for any information, Please email me at mdock20@hotmail.com. Thanks in advance
  • Cornelius Sams said on July 14, 2012
    Can someone please email me (csams4finance@gmail.com) on how to start my own pre-paid debit card to customers. I want to get advice on how to start the company, how to structure the card to make sure it is profitable and marketable...
  • Mathias said on July 14, 2012
    Please need to open prepaid card business in Africa need help to build my business.
  • Carl Barrett said on July 24, 2012
    We are very interested in selling re-loadable cards at our location, please help us with this inquiry thanks!
  • atlanta white said on August 2, 2012
    i like to open prepaid card in florida, miami with my business name on it , i have a business and financial company.
  • Daniel said on August 3, 2012
    I want. To start a prepaid card company like, account now. What Are the requirements? How do I get visa, MasterCard to put their logo on them? Please let me know the details from A to Z
  • ali said on August 29, 2012
    I have a finance company and would like to offer prepaid debit or credit cards to my clients can someone help me to find good providers. thanks
  • koffi Francois Mouroufie said on September 6, 2012
    Sir or Madam, I'm interested in establishing pre-paid debit cards in Ivory Coast . Please contact me at your convenience in this regard. Please let me know the details from A to Z. Thanks in advance for your anticipated consideration.
  • SC said on September 18, 2012
    has anyone started the business overseas... I would like to know how it works? Thank you. sungochare1234@hotmail.com
  • kaiserzaid said on September 21, 2012
    i'm from bangladesh. i want to start prepaid debit card business. and there are no such companies in our country yet. the banks are doing it with there own. pls contact me in my email kaiserzaid@gmail.com. if any one one knows how it works and how to start ....
  • Godwin Oseafiana said on September 22, 2012
    Dear Sir, We are interested to be a reseller on prepaid debit cards or prepaid credit card in Nigeria. Hope to hear from you soon. Your Sincerely
  • Lerin Owens said on September 23, 2012
    I run a nonprofit org. in california, we would like to included a secured and prepaid debit card that report to all three credit bureaus. That would have the company logo on it. If anyone can help email me at info@totalimpactresourcecenters.org
  • Kudzai said on September 27, 2012
    I'm in Harare, Zimbabwe and would like more information on how i can start a prepaid debit/credit card company. Thank you, contact me on tuso@jbkwebhosting.com
  • Ayo Gbembo said on September 29, 2012
    I'm interested in establishing pre-paid debit card business in Nigeria and Ghana. Please contact me in this regard. Please let me know the procedure. Thank you.
  • R.L. Stover said on September 29, 2012
    My business is in Ohio. I am interested in starting my prepaid card within the next 2 months. Please let me know the procedure needed.
  • Peter Chege said on October 1, 2012
    I am interested in opening a debit card business in Springfield, Massachusetts. Please let me know what I need to start up. Thanks
  • Sam sadhwani said on October 8, 2012
    My business is in new Orleans , la. We would like to start our de.bit card with our store name on it
  • Fred said on October 9, 2012
    Looking for information on starting an on-line prepaid payroll deposit debit card, contact me with advise if you can.. thanks.
  • VISHAL DUBEY said on October 9, 2012
    I AM VISHAL FROM INDIA I WANT TO START PRE-PAID CARD SERVICE IN INDIA. PLEASE HELP ME OUT ALSO HOW I GET THE MONEY TRANSMITTER LICENSE. ALSO VISA OR MASTER CARD ON MY DEBIT CARD ALSO ON-LINE PAYROLL DEPOSIT DEBIT CARD.
  • ROSZAD RAZAILI said on October 9, 2012
    I am represent of Ladcorp Group Malaysia, we want to start our Pre-paid and Credit card in Malaysia, indonesia, ladcorp@yahoo.com
  • Isis clark said on October 11, 2012
    I am in Cleveland Ohio, I want to know how I can start my own prepaid card company that issues cards that can be used worldwide isisclark7@gmail.com
  • Miguel G said on October 21, 2012
    Hello, I own a financial merchant company and would like more information and the proper steps in how I can start in this business. San Antonio, TX USA. Thanks
  • TITI said on October 29, 2012
    i am Titi from Nigeria. please i want to start the prepaid card business here.kindly assist. thanks.
  • lydia berry said on October 29, 2012
    Can someone please email me (lydiaberry1980@hotmail.com) on how to start my own pre-paid debit card company. I want to get advice on how to start the company, are there any solution company do that?
  • Betty said on October 29, 2012
    I would like to start a prepaid credit card business, can you help me to get started.
  • Paul Rogers said on November 7, 2012
    What would you say are the top five barriers to entry for the prepaid debit card industry?
  • Lashone said on November 20, 2012
    Minneapolis mn 55412. I would like to add prepaid debit card to my business location can you help me to get started.
  • dorthea james said on November 20, 2012
    Looking for a new innovative and creative way, to start a self/home business, and would like to know how to begin with prepaid cards, asking for assistants?
  • mike tun said on November 30, 2012
    I am looking for Visa or Master card (which ever credit or debit card) service to use in South East Asia. I am planning sell or distribute those card for workers in SE Asia countries for on line shopping, on line bill payment and shopping etc. Most of the worker there are unable to get credit card in those countries and I want to provide them this service for profit. Please guide me through; what should I prepare for this Business. I am a USA citizen and I have Business account in USA and Singapore. Best Regards, Mike M. Tun +1 917 972 4298, Reliance Offshore & Marine LLC, 117 Malcolm Road, Mahwah, NJ 07430. USA.
  • Nkosinathi Zondi said on December 5, 2012
    We are a Financial Services Cooperative. We have products that we developed. We will need our own ATM and Debit Cards. We are looking at more information on this. We are located in South Africa, KwaZulu - Natal Province and in Highflats - Phungashe area.
  • Ms, Robinson said on December 5, 2012
    I am a tax preparer in Baltimore, Md. I would like to offer my clients prepaid debit cards for deposit their income tax refunds. Can someone help me? email me at iamhis928@msn.com
  • Mohammed said on December 7, 2012
    I'm in middle east. I have a small company and I'm interested in establishing re-loadable cards business and would love to know how to start and what I need (software, budget. etc. please email me @ m_6464@hotmail.com
  • Wanda said on December 13, 2012
    I'm in Lehigh Acres, FL wanting to offer and establish re-loadable card business there is a great need for this in this part of Florida please send me information and a contact person for Florida. maddmax199@aol.com
  • Sherry said on December 15, 2012
    Located in Michigan. I want to start a prepaid company like account now. What are the requirements? How do I get Visa and MasterCard to put their logo on them. Prepaid Payroll deposit debit card. Please let me know the Details from A to Z. Thank you
  • kay said on January 18, 2013
    I want to start a prepaid company from home base business. What are the requirements? How do I get Visa and MasterCard to put their logo on them. Please let me know the Details from A to Z. Thank you pls send info throuth email:bellerose245@gmail.com
  • Mrs Brown said on January 29, 2013
    I'm a stay at home mom/wife and I want to dedicate time to a home based business. Please, contact me regarding the Prepaid Credit Card program. Thank you for giving this matter your utmost attention.
  • Kumar Kartikeya said on February 5, 2013
    I want to start a prepaid company IN INDIA. What are the requirements? How do I get Visa and MasterCard to put their logo on them. Please let me know the Details from A to Z. And about Total Investment required. Thank you. pls send info through email: webnet.corus@gmail.com
  • James Francis said on February 7, 2013
    I would like to become wholesalers for debit cards. Please give me some details. (for african countries)
  • Diderot Suffrena said on February 8, 2013
    I like to start prepaid credit card business if any one know are pls given a call at 407-716-1953 or email me dsuffrena@yahoo.com
  • Diderot Suffrena said on February 8, 2013
    I like to start a credit card business if you Know me at 407-716-1953
  • harricardeau payant said on February 10, 2013
    hi my name is harricardeau i leaved and new york, i want to start a pre paid business cards under my own label. give me a call 7188252501 and my email address is rosedalemetro@gmail.com
  • A Brown said on February 14, 2013
    Exp: Palm Beach, CA, USA. I am from a new free online degree granting university. We would like to issue pre-paid card as our student ID's. Our students will be from all different countries and social status. Can you please point me in the right direction? Thanks
  • Arun Kumar said on February 20, 2013
    I am from India. May you provide information regarding home business of Visa Debit cards.
  • James Francis said on March 2, 2013
    I would like to start Debit card business, please send information. dnpcom@aol.com, Georgia, USA
  • Sam S. said on March 6, 2013
    Hello at 51 years old, my husband and I found ourselves unemployed, due to an accident, and basically broke! We are interested in any and all help and guidance in the prepaid credit card business, that anyone can provide us with! Thank you in advance, Sincerely, Sam S. Jacksonville, Florida, USA. samarieandme@gmail.com
  • yvonne said on March 7, 2013
    Hi My business is located in NY. My email:ashantinow@yahoo.com I would like to start a pre paid credit/debit card business in the USA, Ghana and Nigeria. Would love information on How i can do this. Thanks
  • M. Atef said on March 7, 2013
    for best fees with white label debit card programs contact at info@manageassure.com
  • PETER LU said on April 8, 2013
    I would like to start a prepaid debit card business, can you help me to get started.the most of My customers are in Mainland China which are going to travel to the United States
  • adewale adedeji said on April 10, 2013
    am in texas united states. what are the things i need to do and how do i start a prepaid debit card business. i really dont know anything about it so i will need a comprehensive information on how to go about it.
  • Jersey Stewart said on April 12, 2013
    Knoxville, TN I would be interested in starting a debit card business
  • Julie said on April 15, 2013
    Hi I am julie. I am interested in establishing pre-paid debit cards business. Please contact me at your convenience in this regard. Thanks in advance .
  • SHERMANDA HARRIS said on April 17, 2013
    Hello I am interested in expanding my income tax business and am leaning toward pre-paid debit cards. I would like it if you would send me some information in reference to all I need to know to get started. Thanks in Advance.
  • Nadeem said on April 25, 2013
    I am interested in the prepaid debit cards. Please send me all the info in this regard I am based in Cape Town South Africa. nadeem@benriyd.co.za Thanks in Advance
  • Daniel Welbeck said on April 28, 2013
    Dear Friend, I am an Investment Broker, I have a Client that Desires to Invest in Your Country, can You be of Assistance as a Partner? I shall give Details when You reply to danielwelbeck@outlook.com. Sincerely, Mr. Daniel Welbeck
  • Ken said on May 1, 2013
    Hi, I am opening payday loan business in Saskatchewan and Alberta. I am looking to sell prepaid card there. Could you help me? Thanks
  • Willie Gatewood said on May 3, 2013
    Hi, I am the owner of a Healthcare Agency, in Memphis, Tennessee, and I want to is very much interested in the pre-paid card to offer to my employees I used a payroll company now and a great deal of my employees are using the card and I thought that I could offer that services to my employees my self if I could get it started, can you help me? Thank you
  • simawe said on May 5, 2013
    Hi, am in the process of starting a prepaid debi card business with BIN sponsorship agreement with a bank and processing switching platform in place. Am looking for equity partners for marketing and card fulfillment in Zambia aFrica
  • Robert Friedman said on May 8, 2013
    We are a consumer law firm specializing in improving our client's credit rating and would like to be able to issue a prepaid card with our business name on it to help us achieve our goal by reporting pertinent information to the credit bureaus. Ft. Lauderdale, FL 33309
  • Orlando said on May 8, 2013
    Austin, Tx want to add a prepaid card business to my tax business
  • Joseph Strydom said on May 13, 2013
    I live in Cape Town, South Africa and is interested in receiving more info w.r.t the prepaid debit card business. My email is jomattempire@gmail.com and my Skype Id is Landbarron
  • mo said on May 16, 2013
    i want to add a pre-paid card to my business. email me info please
  • Merci said on May 19, 2013
    I am interested in starting my own prepaid card business. Please send me the information. My email:aisien@yahoo.com
  • Mohammed Shalauddin said on June 3, 2013
    I want to start a prepaid credit card business in Italy. How to start? Where to find the card company in Italy? Please contact me. thanks.
  • Lorrie said on June 15, 2013
    Hello, my name is Lorrie. I am interested in starting my own prepaid card business, internationally. Can you help? Please send contact info. Thanks in advance.
  • Brent Malveaux said on July 8, 2013
    I have a retail business. I would like to establish a prepaid card. Please give me insight on how to do that. Thanks Email brent.malveaux@yahoo.com
  • Faisal Md Ziaur Rahman said on July 20, 2013
    Hi I know little bit about the Pre-Paid/Debit Card business with Visa/MasterCard logo. I am interested to start selling card under my brand or your brand. I am looking forward to have your Fee Structure for the Card to design my Fee/Charges which actually bring me the profit. Also please let me know how fast we can start it. Thanks with best regards, Zia
  • FELIX SARPONG said on July 26, 2013
    Hello, my name is Felix. I am interested in starting my own prepaid card business, Nationally and Internationally. Can you help? Please send contact info. Thanks in advance.
  • romeo said on August 6, 2013
    we are located in Florida and have interest in opening a prepaid card business
  • Julio Otero said on August 11, 2013
    Hi, I am in the process of opening a Prepaid Mastercard P.O.S station in Berlin, Germany and I need a Merchant with reseller capabilities. The merchant should be able to provide a cobranded website, Prepaid Mastercards, a POS software to load up the Cards along with a database to manage the clients and a mobile payment App. The fees should be negotiable to sell, load, transfer, cash withdrawal, sms message, etc. Regards, Julio Otero
  • Greg said on August 13, 2013
    Hello, I am based on Orange County California. Please send me any further information on starting up a pre paid card business. Thank you in advance.
  • Benga Nomen Christopher said on August 31, 2013
    Dear All, I am from the university Town of Buea SWR, Cameroon and highly interested in establishing the pre paid card business here. my email address expresscargo42@rocketmail.com
  • Paul said on September 9, 2013
    I am based in Houston, TX and would like more information to start a pre-paid visa card business and expand it in Africa. Please send me more information on sateba@yahoo.com
  • Bill McAllister said on October 7, 2013
    I am interested in starting my own prepaid card business. I have the domains prepaid1.com and unoprepagado.com. These domains allow for bilingual sites for both national and international use. Thank you very much for your time and consideration! Kind regards!
  • John Peterbid said on October 25, 2013
    Hi, I would like to launch a branded prepaid debit card and need a supplier of cards and backend technology. I would also like to connect with a professional ethical company that will provide the website portal & other tools to sell the prepaid debit cards in the USA and possibly in Canada. Please contact me at johnpeterbid@yahoo.com. Thanks in advance. Best regards. John Peterbid
  • Eric said on November 6, 2013
    I'm a MSP for merchant services with over 10,000 Retail locations mostly Washington State and So. Cal looking for a Pre Credit Card wholesaler to work with.
  • ETHEL CAIN said on November 22, 2013
    1651 highway 1 south suite 5, greenville ms 38701, 662-336-6302, Looking for a company that i can offer pre-paid credit cards to companies so that customers can have their credit card down loaded

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