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How to Resell Prepaid Credit Cards

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Summary: Reselling prepaid credit cards is a way for reputable institutions to receive trailing commissions on hundreds and even thousands of prepaid credit cards. Understand how prepaid credit cards are resold with money advice from a registered financial consultant in this free video on personal finance.

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By Patrick Munro, eHow Presenter

Patrick Munro's affinity for investing and financial matters began over 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage...read more

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Video Transcript

"This is financial advisor Patrick Munro talking about how to resell prepaid credit cards. Many companies, credit card companies are involved in the rebuilding of credit will allow vendors to offer the services of a prepaid credit card to people that come to them. The people that are in debt consolidation business will often have a stable of prepaid credit cards that they can offer new customers, and of course solutions to rebuild their credit. These individual will receive a fee from the start up of the prepaid credit card, and the individuals that use that particular tool to rebuild their credit. These resellers if they are very good at what they do and they advertise their services can have hundreds, even thousands of prepaid credit cards out there working, and receive trailing commissions on those particular vehicles going forward. The reselling of prepaid credit cards is a good business to consider if you're looking to make extra money. This is financial advisor Patrick Munro."

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