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How does the Green Dot card work?

How Does a Green Dot Card Work? Green Dot cards are prepaid debit cards that you purchase. They can be used wherever Visa or MasterCard is accepted. … The $9.95 will be deducted at the time you add funds to the card, along with any other applicable fees charged by the Sales Agent or place where you add funds to the card.

How does Green Dot make money?

Green Dot generates revenue from three main sources: 50.8% – Card Revenue ([new card, maintenance, ATM, other] fees) 26.6% – Cash Transfer Revenues (MoneyPak purchases, reloading at POS) 22.6% – Interchange Revenues (fees collected from merchant for use of interchange.

Is Green Dot Bank a real bank?

The Green Dot Corporation is an American financial technology and bank holding company headquartered in Pasadena, California. … Green Dot also transfers individuals’ direct deposit funds (such as Social Security payments) from the US government to personal banks accounts.

How much money can you put on a green dot?

With Reload@theRegister, quickly and easily add cash directly to your reloadable prepaid card at one of the 90,000+ retailers and financial service centers nationwide. Within minutes, your funds will be available on your Green Dot account. A deposit fee of up to $4.95 applies. Deposit and card balance limits apply.

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