ALRIGHT, NOT ALL PLASTIC IS CREATED EQUAL, ESPECIALLY THIS
LITTLE PIECE OF PLASTIC I'M HOLDING HERE IN MY HANDS, I TELL
YOU WHAT, THIS PLASTIC IS REALLY GREAT, I'VE SEEN IT USED REALLY
EVERYWHERE INCLUDING RIGHT HERE AT THE SOUTHERN WOMEN'S SHOW,
ALRIGHT LADIES, Y'ALL CANNOT DENY IT, I'VE SEEN YOU USING
THIS LITTLE PIECE OF PLASTIC, IT REALLY IS GREAT, AND WITH US
TODAY SHARING SOME EXCITING NEWS ABOUT THIS NEW FORM OF PLASTIC
IS RACHEL GELMAN, SHE IS FROM WESTERN UNION, LET'S GIVE HER A
ROUND OF APPLAUSE.
(APPLAUSE).
RACHEL, I'M GLAD YOU'RE HERE WITH US TODAY BECAUSE WE DO SEE
PLASTIC USED ALL OVER THE PLACE, HOW DO PREPAID CARDS WORK?
SO, PREPAID CARDS WORK A LOT LIKE A DEBIT CARD, YOU'RE GOING
TO PUT YOUR OWN MONEY ON THAT CARD, OR YOU COULD PUT DIRECT
DEPOSIT, YOU CAN PUT A MONEY TRANSFER, REALLY ANY TYPE OF
MONEY THAT YOU WANT TO PUT ON THERE IS WHAT YOU CAN USE.
AND THEN YOU CAN ONLY SPEND WHAT'S ON THERE, THERE'S NO
CHANCE TO OVER-DRAFT, YOU'RE NOT GOING TO HAVE TO WORRY ABOUT
EXTRA FEES FROM THINGS LIKE THAT, AND THEN YOU CAN USE IT
ANYWHERE THAT A DEBIT CARD IS USED, YOU'LL HAVE A PIN, YOU CAN
USE IT AT AN ATM, YOU CAN GET CASH BACK AT THE GROCERY STORE,
AND REALLY YOU CAN JUST SPEND WHAT'S ON THAT CARD JUST LIKE
YOU WOULD WITH DEBIT.
AND WHAT KIND OF CONSUMER WOULD YOU SAY WOULD BENEFIT FROM THE
USE OF A PREPAID CARD, IS IT THOSE THAT WOULD TYPICALLY USE
CASH MAYBE?
WE FIND THAT IT'S A LITTLE BIT OF EVERYBODY, EVEN IF YOU
NORMALLY USE CASH, IT'S A GREAT WAY TO SHOP ONLINE WHERE YOU
CAN'T NORMALLY USE CASH ANYWAY, OR FOR EXAMPLE, EVEN IF YOU'RE
IN A PLACE WHERE YOU DON'T REALLY WANT TO HAVE CASH AROUND,
MAYBE YOU'RE IN AN AREA WHERE YOU'RE NOT COMFORTABLE WITH
THAT, YOU CAN HAVE THAT CARD AND YOU KNOW YOUR MONEY IS PROTECTED
BY MASTERCARD.
I LOVE THAT.
WHERE AND WHY IS USING PREPAID MAYBE BETTER THAN USING A
TYPICAL CREDIT CARD?
WELL, THE IDEA OF BUDGETING IS A HUGE ONE.
WOO HOO, YOU HAVE SAID A WORD, ABSOLUTELY.
SO IF YOU'RE THINKING ABOUT BACK TO SCHOOL SHOPPING AND YOU KNOW
YOU WANT TO PUT $500 TOWARDS BACK TO SCHOOL SHOPPING FOR MY
FAMILY, PUT THE MONEY ON A PREPAID CARD AND YOU CAN'T
OVERSPEND IT, YOU CAN'T OVERDRAW, YOU KNOW YOU'RE GOING
TO STICK RIGHT IN THAT BUDGET THAT YOU WANT FOR YOURSELF, AND
THEN BILL PAY IS A GREAT OPTION, SO IF YOU'RE KIND OF RUNNING
LATE ON THAT BILL YOU DON'T NECESSARILY WANT TO USE YOUR
CREDIT CARD, PREPAID IS A GREAT WAY TO DO THAT SAFELY.
NOW, ARE THERE ANY FEES ASSOCIATED WITH PREPAID?
EVERY PREPAID CARD HAS SOME FEES, SO IT'S REALLY IMPORTANT
TO DO YOUR RESEARCH BEFORE YOU CHOOSE A CARD.
AND THERE'S ALL THE INFORMATION AVAILABLE ONLINE OR THE STORE
WHEN YOU'RE LOOKING TO BUY ONE, AND SO YOU ARE GOING TO WANT TO
LOOK FOR MONTHLY MAINTENANCE FEES, SO THAT'S JUST A NORMAL
FEE, LIKE WHAT A BANK WOULD NORMALLY CHARGE, BUT SOME
PREPAID CARDS CHARGE THOSE AS WELL.
ALSO, LOOK OUT FOR TRANSACTION FEES, INACTIVITY FEES, THERE ALL
GOING TO BE OUT THERE, BUT IF YOU CAN FIND ONE LIKE THIS
WESTERN UNION CARD THAT HAS NO MONTHLY MAINTENANCE FEES, WE
REALLY RECOMMEND THAT.
SO, TO GET A PREPAID CARD THERE'S TWO WAYS, EITHER YOU CAN
GO ONLINE ON TO A SITE LIKE WESTERN UNION DOT COM, OR OTHER
WEBSITES AS WELL, OR YOU CAN GO TO A STORE LIKE 7-11, DOLLAR
GENERAL, FAMILY DOLLAR, THEY ALL SELL PREPAID CARDS, THEY LOOK
LIKE THIS.
AND AFTER YOU GET IT THERE, YOU'LL CALL IN AND ACTIVATE THE
CARD, PROVIDE A LITTLE BIT OF PERSONAL INFORMATION AND THEN
YOU'RE READY TO GO, YOU PUT CASH ON THE CARD, SPEND IT AND
RE-LOAD IT.
I LOVE IT, RACHEL GELMAN, THANK YOU SO MUCH FOR STOPPING BY.
THANK YOU.
ALWAYS APPRECIATE SEEING YOU.
AND IF YOU'D LIKE MORE INFORMATION ON PREPAID CARDS OR
WANT TO FIND ONE IN YOUR AREA, SIMPLY VISIT THE WEBSITE, IT'S
WESTERN UNION DOT COM FORWARD SLASH PREPAID, THAT'S
WESTERNUNION.COM/PREPAID.
ALRIGHT, IF YOU ARE ALREADY A PREPAID USER OR YOU ARE THINKING
ABOUT BECOMING ONE, SHARE SOME OF YOUR THOUGHTS AND SOME OF
YOUR MOST AMAZING INTERESTING, MAYBE NOT-SO-GREAT RETAIL
EXPERIENCES BY FINDING US ON FACEBOOK AT BALALCINGACTFANS AND
ALSO ON OUR WEBSITE AT BALANCINGACT.COM.
(APPLAUSE AND MUSIC).
ALRIGHT, THAT IS THE END, CAN YOU BELIEVE IT, WE'VE COME TO
THE END OF OUR GREAT STAY HERE IN NASHVILLE, TENNESSEE, HOW
MANY OF Y'ALL, I SAY Y'ALL BECAUSE I'M IN THE SOUTH, HOW
MANY OF Y'ALL KNOW HOW TO DANCE, YOU GOT YOUR DANCING SHOES WITH
YOU?
WOO, I SAW A LOT OF RAISED HANDS.
CAN YOU DANCE?
ABSOLUTELY.
IF NOT, WE'RE GOING TO LEARN TOGETHER, COME ON, LET'S GET OUR
DANCING SHOES ON EVERYBODY.
(MUSIC).
"...I'M GOING TO DANCE LIKE NOBODY'S WATCHING"
THANK YOU SO MUCH FOR JOINING US FROM MUSIC
CITY USA, AND THE SOUTHERN WOMEN'S SHOW HERE IN NASHVILLE.
SEE YOU ALL IN RALEIGH.