It is a prepaid debit card coming to replace the check-raise ” stimulus check “. Unfortunately, not all of them have understood its usefulness.
© Visa
Delicate Situation in the United States, revealing a world economic and financial turmoil. Since the month of April, the federal State has taken the decision to pursue a policy of helicopter money, in which a large portion of the millions of Americans who find themselves in a situation of unemployment may touch a support of $ 1,200. The famous ” Stimulus Check “, which is at the tip of the tongue of all since two months now, coming off an episode with the consequences delicate.
In fact, on the 239 billion dollars in US aid, the State is spent in various forms of transfers to move the money to a good port. Cheque, direct deposit and mobile payments with the help of the landscape fintech (and Cash App in particular), this week a different method was used. More than 4 million Americans are affected by the relief sent by the Treasury by post, but instead of finding a check in your mailbox, the concerned have been given an envelope with a prepaid debit card.
Rather than by paper check, 4 million people have received help in the form of a debit card, VISA, on which one can read : ” Money Network Cardholder Services “. We don’t know exactly what was the purpose of going through this method, although the country has 14 million people without an account or credit card. It could therefore be an alternative to the transfer to digital, which, according to the CEO of Square and owner of Cash App Jack Dorsey, is a perfect way to respond to all the problems that face today’s federal State.
Visa debit card replacement $ 4 million of “Stimulus check” paper
Debit cards cut out and thrown away
Since the beginning of the week, the news around these debit cards is very quickly transformed into a problem for the households. In the press, several witnesses talk about their mishap at the reception of the envelope containing the card. With no sign that it is a sending of the part of the federal State, and many of them have ended up in the trash, cut.
These people explain that they expected to receive a paper check classic. On receipt of the debit card, the lack of information and fear that it is yet another card marketing have led to the doubt of thousands of customers. Unfortunately for them, the situation may become complex, and the waiting time before you can receive a new card may be elongated.
The news made headlines. The media USA Today, for example, headlined its article on the subject in the form of a warning : ” Do not dispose of these Visa debit cards : They contain the money of recovery “. Sensitive, the situation may have more consequences overall : now, for Americans without a bank account, the solution of applications of digital payment such as Cash App fit more in the manners, as a solution more simple, fast, and adapted to these situations of crisis. Case to follow, to see that Cash App, PayPal or the federal government will discuss the topic first.
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