What Exactly is a Green Dot Money-Pak Card, Anyway?

moneypak1 What Exactly is a Green Dot Money Pak Card, Anyway?The Green Dot MoneyPak is a cash reload product that can be used to reload a prepaid debit card, add money to a PayPal account without using a bank account or to make same-day payments to major companies. A MoneyPak is not to be confused with a Green Dot prepaid debit card, which is a personalized Visa or MasterCard card that can be used to make every day purchases or pay bills and is linked to its own FDIC-insured bank account.  You can buy a Green Dot prepaid debit card at many retail stores and add money to it through various means:  cash using a MoneyPak, by cashing a check, with direct deposit or from a bank account.  It comes in handy for those wanting to set a limit on the amount of money they spend.  Also, if you are making online purchases and are concerned about someone having access to your bank account or credit card, it eliminates that vulnerability.  Using a MoneyPak to reload a prepaid debit card costs around $5.00 at retail.  Simply buy a MoneyPak at the register, providing the funds to be loaded in cash to the cashier.  To add money via phone or internet, you will need to have your prepaid card account number and MoneyPak number handy.  More instructions on their process can be found on their website at https://www.moneypak.com/FAQ.aspx.

One thing to be aware of is the Better Business Bureau does receive many calls from people, who are asked to pay a fee via Green Dot MoneyPak for million-dollar winnings.  If you have legitimately won money, you will never be asked to pay money upfront.  A common reason given for needing this money is to secure the couriers, whose lives are being endangered by having to deliver the large amount of funds.  Apparently, people halfheartedly believe this story because many callers do call to verify the accuracy of this story.  Green Dot recommends ways for consumers to protect themselves from fraud.  For more information see their “7 Tips on How to Protect Yourself from Fraud” or contact your Better Business Bureau, today!

 

photo credit: <a href=”http://www.flickr.com/photos/ebayink/4996598420/”>ebayink</a> via <a href=”http://photopin.com”>photopin</a> <a href=”http://creativecommons.org/licenses/by-nc-nd/2.0/”>cc</a>

 

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About Kristal Heffley

Ad Review and Social Media Specialist of BBB serving Northern Indiana. Kristal spends a great deal of time learning, writing about, and educating the public on scams of the day. She also is quite the social-media enthusiast and community partner. You can follow her posts, i.e. BBB serving Northern Indiana on Facebook, Google Plus, Instagram, LinkedIn, Twitter, YouTube, and of course, our blog.