Prepaid credit cards can serve as a lifeline for millions of unbanked Americans in need of an alternative to traditional banking, but they’re only helpful when users can actually get access to their funds. To that end, thousands of consumers who use Walmart-branded prepaid debit cards say they’ve been stranded without their funds for three days. [More]
Earlier today, we told you about the odd story of a man in Alabama who claimed to have found a Walmart prepaid debit card containing more than $10,000 on it, and who says he did the right thing by trying to return it to the store. However, the more we learn about this story the more questions come up. [More]
While the man in the earlier story who mentioned that he might get a machine gun and use it against the employees of a customer service call center was improperly venting his frustration, the person who called in a bomb threat to a New Jersey Kmart was just trying to scam the store out of some money. [More]
Sarah bought a Green Dot Visa card at Walmart so she could do some shopping online. Her experience is a great illustration of why this site isn’t a huge fan of prepaid debit cards: she put down cash for a card that had erroneous address information even though she had carefully followed all directions and registered the card. She ended up with most of the card’s balance tied up in transactions she couldn’t complete.