Through an expanded partnership between MasterCard and Green Dot, U.S. consumers holding a MasterCard prepaid card can reload the account through the Walmart Rapid Reload service.
Walmarts reload service uses the network provided by Pasadena, Calif.-based prepaid card provider Green Dot. MasterCard rePower-enabled prepaid cardholders can reload funds by swiping their cards at any payment terminal at participating Walmart stores, the companies announced Nov. 22.
Cardholders can add funds directly to their prepaid account by using cash or a pre-printed payroll or government check. Cashier-added funds will be available to consumers within minutes, MasterCard states in a press release.
The Green Dot Network strives to bring convenient and cost-effective loading options to our prepaid debit card partners by leveraging our relationships with our major retailers, Kostas Sgoutas, chief revenue officer for Green Dot, states in the release.
MasterCard says its rePower network is open to any operator of a MasterCard reloadable prepaid card program. Portfolios such as the Univision MasterCard Prepaid Card will be able to offer their cardholders the new cash reload option.
Prepaid products provide consumers with choices in how they manage and spend their money, Craig Vosburg, MasterCard group executive of U.S. market development, states in the release.
MasterCards expanded partnership with Green Dot allows cardholders to load funds to their prepaid cards at more than 4,000 Walmart stores, Vosburg adds.
Last month, Green Dot announced it would add six new prepaid cards to its Walmart MoneyCard line of products.