Stored Value Card (SVC). What’s a Stored Value Card (SVC)?

Stored Value Card (SVC). What’s a Stored Value Card (SVC)?

A kept value card, or present card, is a kind of electronic bank debit card. Stored value cards have actually a certain dollar value pre-loaded for them. Charge card sites, charge card issuers, and retail merchants offer these cards in an effort to offer payment that is non-cash towards the public for many different purposes. Cards released by card companies (such as for instance a Visa present card) may be used anywhere that accepts general usage credit cards. Cards released by merchants can only just be utilized for items and solutions from those retailers that are specific.

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