About Blackhawk
Based out of Pleasanton, California, Blackhawk Network is a corporate leader when it comes to business and consumer prepaid tools. Most acknowledged for their Gift Card Mall(TM) program, Blackhawk continues to expand its offerings to over half a billion consumers each month worldwide. Besides the retail prepaid card markets, Blackhawk also distributes its efforts throughout the telecom industry and online financial services. Currently, Blackhawk is also concentrating expansion efforts in the prepaid sector in six international markets including – Australia, Japan, France, Canada, Mexico and the United Kingdom. The Austrailian prepaid markets are a bright spot for Blackhawk as the gift card market is $2 billion (Austrailian) and entering a rapid growth phase.
Blackhawk Channels of Operation
The Consumer Retail channel is the shining star for Blackhawk as their Gift Card Mall(TM) has won national awards for innovation. Gift Card Mall’s ubiquitous presence can be found in exclusive big box department stores, convenience outlets, grocery stores, drug stores and specialty shops. Internet retailers can also take advantage of Blackhawk offerings through GiftCardMall.com with a large assortment of Mastercard and Visa platforms including custom branding, flexible services as well as reward and incentive initiatives. Product innovation, knowing the customer and response to changing market conditions are some of Blackhawk’s main objectives when it come to working with and developing product for customers.
Blackhawk Offerings
Gift Card Mall continues to be a driving force in the Blackhawk Network product arena. Some gift cards offered through Gift Card Mall (retail and online) include – Chili’s restaurant, iTunes, Nordstroms, Starbucks, Barnes & Noble, Home Depot and Sears. NBA.com and MLB.com sports cards can also be purchased by prepaid customers online and in various locations. Online gaming and music downloading continue to grow as an entertainment choice by young and old alike and many of these prepaid cards can be found at Gift Card Mall. Wireless phone and telecom, ski resort and theme parks as well as Visa(R), American Express(R) and Mastercard(R) Open Loop (can be used just about anywhere) cards are also abundantly distributed throughout the Gift Card Mall. Besides GiftCardMall.com, other online prepaid partners include Amazon.com, eBay.com, Meijer.com, drugstore.com and Buy.com. If you are looking for a General Purpose Reloadable (GPR) prepaid Open Loop card, then you might want to look at the Blackhawk Network’s PayPower(TM) Reloadable Visa(R) card. With all of the flexibility and protection of a Visa, the PayPower card also provides customers smarter spending control features, no more interest rate accumulation or pesky overdraft fees. No credit check is required for the PayPower card and it can be found online or at various retail merchant partners.
About Blackhawk Network
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| Stock Symbol: |
N/A |
| Website: |
http://www.blackhawknetwork.com |
| Corporate Headquarters: |
Pleasanton, CA |
| Address: |
6220 Stoneridge Mall Road, Pleasanton, CA 94588 |
Blackhawk Network Debit Cards
PayPower™ Visa® Prepaid Card
PayPower is a Visa prepaid debit card that you load and reload with cash and use for everyday purchases, giving you total control over your money. Purchase the card for $3.95 plus the load amount, then transfer the funds to the card by calling the toll free number on the back of the card, or by visiting www.paypower.com.
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Only1 Prepaid Visa Card
The Only1 Visa card is a prepaid debit card brought to you by the folks at Blackhawk Network and Metabank. You can purchase the Only1 debit Visa card in retail locations as well as online. The card comes with a number of unique features, such as Only1′s “MoneyShield” which allows you to enjoy even more security when making purchases online. Only1′s slogan is “It’s the Only1 you’ll ever need” — read our review, and see if you agree! Read More
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How We Rated the Only1 Prepaid Visa
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Rating Explanation
Only1 Prepaid Visa
4
GetDebit.com Editor
The Only1 Prepaid Debit Visa Card Prepaid Debit Card is great for people who need a card to avoid a high price second chance bank account, or who can't qualify for a bank account. The Only1 card has enough features to allow you to do any kind of banking activity. We particularly like the card options, including the BuddyMoney, MoneyShield and mobile phone alerts -- these options make the card a good choice, providing convenience and great usability. Also, the fees associated with the Only1 Card are quite competitive. If you are looking for a bank account replacement card, the Only1 prepaid Visa deserves a look.
The Only1 Prepaid Debit Visa Card Prepaid Debit Card is great for people who need a card to avoid a high price second chance bank account, or who can't qualify for a bank account. The Only1 card has enough features to allow you to do any kind of banking activity. We particularly like the card options, including the BuddyMoney, MoneyShield and mobile phone alerts -- these options make the card a good choice, providing convenience and great usability. Also, the fees associated with the Only1 Card are quite competitive. If you are looking for a bank account replacement card, the Only1 prepaid Visa deserves a look.
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Only1 Prepaid Visa Fee Examples
Want to know how much the Only1 Prepaid Visa might cost you to use in a typical month? We have crunched the numbers for you! We also show how Only1 Prepaid Visastacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).
To see different scenarios, change the following variables.
Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.
Fees Associated With The Only1 Prepaid Visa*
| Activation Fee: | $5.00 |
Card Limit: | $2500 |
| Monthly Fee: | $4.95 |
ATM Withdrawal:** | $1.95 |
| Signature Transactions:*** | $0.00 |
ATM Balance Inquiry: | $0.75 |
| PIN Transactions:*** | $0.00 |
Bill Payments: | $0.00 |
Note that bill payment transactions are charged $1.00 each after the first free bill payment each week (so you effectively get four free each month). All purchase transactions (whether signature or PIN debit) are free. Some optional features are assessed a fee (such as the MoneyShield feature which requires a $9.95 one time fee).
Notes:
* Fees verified as of 02/08/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your Only1 Prepaid Visa in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
Only1 Prepaid Visa Card Options
There are several options you can use with the Only1 Card. Here are the main ones:
1Alerts™
Receive up-to-the-minute information about your card. Sign up for free 1Alerts and Only1® will notify you of any activity associated with your account. Alerts include your daily balance, bill payment activity or payment authorizations.You can receive 1Alerts via email, text to your mobile phone or to our secure message center inside the cardholder site.
MoneyShield™
Use a Visa® virtual account for online, mail and telephone order purchases. The MoneyShield feature is a separate account within your Only1 account that maintains its own balance. It is attached to a virtual Visa® number when making purchases. This account information may only be used online, by mail or over the phone at merchants that accept Visa debit cards. To make a purchase, (1) Transfer money to your MoneyShield account, (2) Select Visa as payment type, (3) Enter your 16-digit Visa virtual account number, (4) Enter the expiration or "Valid Thru" date if prompted, (5) Enter the "CVV2" code if prompted.
Your purchase will be deducted from your MoneyShield account balance. There is a one-time $9.95 activation fee for your MoneyShield account.
Click-n-Pay™
Send an electronic payment to over 3,000 billers. Only1's electronic bill payment service allows you to send a one-time or a recurring payment to thousands of billers. Your bill is paid instantly and the amount is deducted from your available balance. You can set up, edit, send payments and view your payment history online. You can send one payment a week for free and each payment thereafter is $1 per payment. If a biller is not listed in our database, a paper check will be sent for $1 per check.
BuddyMoney™
Send money instantly to friends and family. BuddyMoney is a money transfer feature of the Only1 account. It is the quickest, easiest way to send cash to another Only1 cardholder. To send money, simply add them to your buddy list, select them, enter the amount to send, and the amount is instantly deducted from your Only1 balance. Sending money is as simple as the click of a button. There is a $0.50 fee per transfer.
Here are GetDebit’s “Low Fee Tips” for this Card
The Only1 Visa Prepaid Debit Card is a great bank account replacement card (they say it's the "Only1 You'll Ever Need"). Here are a few tips to use this card as inexpensively as possible. First, as with any debit card, minimize the number of ATM withdrawals you make each month (there is a fee for each withdrawal -- why not reduce the amount you pay by going to the ATM less frequently and withdrawing more each time you do go?). Next, there is a $1.00 fee for each bill pay transaction over 1 each week (the first bill payment transaction you make each week is free). Schedule your bill payments accordingly.
The only fee "gotchas" are if you request a paper statement (but why would you?) and if you try to close your account and have any remaining funds mailed to you as a paper check. (Instead, when you close your account, just electronically transfer the funds to your bank account).
Also, make sure to watch out for ATM withdrawal fees adding up (take your money out in chunks, not in dribs and drabs, and consider using a fee free ATM if possible).
Tips for Using The Only1 Prepaid Visa Card
