Intuit Launches Prepaid GoPayment Visa Card

GoPayment Prepaid Visa Card for MerchantsMobile phone applications, like Square and Intuit’s GoPayment, let anyone receive credit card payments. Having a garage sale? You can now use your iPhone or Android phone to receive payments, just like a big-time merchant. Selling stuff at a farmer’s market or flea market? Whip out your iPhone with the Square or GoPayment apps and let your customers say “charge it”. One problem is that it can take time to set up your new merchant account to let you receive funds from these transactions. Intuit claims to have made it even easier, with the launch of their GoPayment Prepaid Visa Card.
With the new GoPayment prepaid card, user’s of the GoPayment mobile application can quickly get set up to receive money from their customers. The money you get from your customer gets loaded onto the GoPayment Visa card, and you can access the cash by withdrawing it from an ATM machine, or by using your GoPayment Visa card to buy stuff at other merchants.

You can also move funds from your GoPayment account to a checking or savings account, making it even easier to tap into the funds you receive from selling stuff at the garage sale. GoPayment also has a rewards program with deals offered by partners of Intuit.

The card is free to get (there is no activation fee or monthly maintenance fee), but there are fees associated with certain transactions (one ATM withdrawal a month is free, the others come at a price).

The GoPayment preapid card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and can be used wherever Visa debit cards are accepted. The Bancorp Bank; Member FDIC.

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