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In NYC you could walk into a CVS or DuaneReade and use cash to purchase a prepaid Visa card that works anywhere Visa cards are accepted.
by diebeforei485 7y ago
In NYC you could walk into a CVS or DuaneReade and use cash to purchase a prepaid Visa card that works anywhere Visa cards are accepted.
- codazoda 7y agoWhere I live these cards are expensive. For example, I considered buying one for a $60 a year service. The card itself costs just $1, but there is a $6.95 per month fee. So it costs me $7.95, minimum, to use one of these (13%). There are also fees for reloading the cards without EFT. If you keep the card all year it costs $83.40.
- abalos 7y agoThis legislation should really be about making this process free and easy rather than punishing stores for being lean.
- jedimastert 7y agoThose cards are basically debit cards with incredibly shitty rates. Using them as such would be far far worse for your economic health than just keeping the cash
- Moowiguy 7y agoyes I agree. How about an app that allows businesses to become ATMs where you not only withdraw cash but also reload an E-wallet which in turn would allow you to buy things online without a bank account?