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Prepaid card payment is an option that allows you to make online or in-person transactions using a card that has been pre-loaded with a specific amount of money. Unlike credit or debit cards, prepaid cards are not linked to a bank account. In Latin America, their use has grown significantly, as they offer a secure and accessible alternative for people who do not have access to traditional banking services or who prefer not to use their personal cards online.
Some of the most popular prepaid cards in Latin America include:
Accepting prepaid cards in your online business is essential to capture a growing segment of consumers in Latin America who do not use conventional credit or debit cards. Prepaid cards offer several advantages:
Incorporating prepaid cards into your payment platform improves the customer experience, reduces cart abandonment by offering more options and increases conversion rates by accepting popular payment methods. Rebill allows your business to accept prepaid cards, e-wallets and other popular payment methods in more than 10 countries in Latin America, making it easy to expand your operation without the need for complex infrastructure or legal presence in each country.
Implementing Rebill as a payment solution also allows you to make payments to employees and partners in their preferred currency, with easy integration through its API and SDK. Contact us today and find out how you can optimize the acceptance of prepaid payments and expand your business in the region.