Kalpana Kalpana (Editor)

Mio Card

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Mio Card is a company that sells prepaid debit cards that customers use for recurring payments or online purchases.

Mio is useful for people who do not want or cannot get an actual credit card because of bad credit, not having a bank account, or being under the age of 18, because it is prepaid. After buying an initial Mio card, if can be reloaded by buying "Mio reloads" and adding them to the card. The customer gets the simple benefits of having a credit or debit cards, such as making online purchases, direct deposit, staying in hotels that require a card, etc. The card's funds are not linked to the customer's bank account. Users can quit using Mio at any time by just withdrawing whats left of the money on the card and not buying any more reloads.

References

Mio Card Wikipedia