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Range of prepaid service cards in a German supermarket
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards.
Prepaid services and goods are sometimes targeted to marginal customers by retailers.
Unlike postpaid or contract based services, prepaid accounts can be obtained with cash. As a result, they can be established by people who have minimal identification or poor credit ratings. Minors, immigrants, students, defaulters, and those on low incomes are typical prepaid customers.
In accounting terms, a prepayment is treated as an asset by a buyer, and as a liability by a seller.[1]
^AccountingTools LLC., How to account for prepayments, published 19 June 2023, accessed 15 November 2023
and 21 Related for: Prepayment for service information
on low incomes are typical prepaid customers. In accounting terms, a prepayment is treated as an asset by a buyer, and as a liability by a seller. Recent...
industry Payment gateway Payment system Payment Services Directive Payments as a servicePrepaymentforservice Standage, Tom (2007). The victorian internet :...
code or give it out over the telephone. E-commerce Online banking Prepaymentforservice Vouchers Lowe, Frederick (2 April 2010). "Ukash Signs Russia Deal;...
listen to voicemail in the usual way. For mobile prepaid typically use INAP or CAP protocol. Prepaymentforservice (general concept of paying in advance)...
pay and go, go-phone, prepay or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit...
coupon) stream for CMO collateral can be structured to allocate prepayment risk. Investors in CMOs wish to be protected from prepayment risk as well as...
interest rate, loan type, margin (for ARM loans), and the inclusion or exclusion of other items such as prepayment penalties. Also considered are the...
they needed. Pay as you Talk went on to be the market leading prepay proposition in the UK for many years attracting millions of new mobile customers. The...
system based on the concepts of penny postage and prepayment. In his proposal, Hill also called for official pre-printed envelopes and adhesive postage...
any transport service. Such design requires a well-organized railway station layout. In some systems, paid areas are named differently - for example, on...
have a prepayment meter". EDF Energy. Retrieved 15 February 2017. "The proportion of customers repaying a debt to their supplier using prepayment meters"...
underlying asset pool, so many prepayment models have been developed to try to define common prepayment activity. The PSA prepayment model is a well-known example...
to increase or decrease the amount paid. Prepayment: Some types of mortgages may limit or restrict prepayment of all or a portion of the loan, or require...
expected prepayments (i.e., loan refinancing). This is because when a loan is refinanced the servicing fees and other benefits of servicing cease, making...
as banks and insurance companies, may allow prepayment flexibility. In contrast, for a borrower to prepay a conduit loan, the borrower will have to defease...
and service efficiency. Fare structure was consolidated from 5 zones to 3 zones, with the addition of an unlimited ride prepayment card. Service was also...
They avoided the 60,000 disconnections for non-payment per annum and the many disadvantages of cash prepayment. They were also popular with customers...
credit return, that is, a GST/HST return that requests a refund. The prepayment examination is a restricted audit of input tax credits (ITCs). Post audit...
often located in a telephone booth or in high-traffic public areas. Prepayment is required by inserting coins or telephone tokens, swiping a credit or...
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