I was looking for a convenient VISA cash card that I could use for online purchases without risking identity theft while avoiding mass marketers. And this is not it. The link to their website is: https://www.paypower.com/
1. You cannot read the agreement without buying the card: $3.95 at retailer + $5.95 to start an account the card. And if you don't want to pursue and want to cancel the process, it's another $5.95.
2. The 4-page agreement is in font 4 which corresponds to about 14 pages 8 1/2 x 11. And you need to read that junk to discover that:
a. your money is now no longer your money: the cash that you deposit, the direct deposit that you receive are only available after 20 business days which means an entire month so that they charge you for another monthly account maintenance charge.
b. if there is a problem with your email account, they could close your card account with your money in it.
c. The card is only for personal use, not for business use; not even home business use.
d. In order to help the government fight terrorism and money laundering activities, you have to release ALL information about you including to give them your social security number, bank account numbers, telephone numbers, complete address and employer information on a website. And we know that they can't be hacked by the very people we are supposedly excluding from the system. It's false security and they are the one's found guilty of deceptive practices and fraud. So they want me to give my social security numbers to a company guilty of fraud. Really?
e. You may not do a cash withdrawal from an ATM or obtaining cash back from a debit purchase.
f. To deposit money, you have to prove your identity every time.
g. The maximum withdrawal / purchase is $500 a day regardless of your balance.
h. They may suspend or cancel the card at any time without notice and for any reason.
i. They collect what you purchase and when and where you completed the purchase. They only share this information with government agencies, banks, financial institutions, attorneys, marketing entities (including mass mailers), providers of electronic services (including telephone companies) and commercial entities such as Safeway Inc (Dominick's grocery stores).
j. If you are not satisfied with them and choose an arbitrator to decide on the dispute, you the consumer have to pay up front all administrative costs to have the case heard. We are talking of thousands of dollars.
k. When money is withheld by a business (car rental, hotel, restaurant etc) and not used, you only get it after 60 days.
Meta Financial Group, Metabank and Meta Payment Systems have been sued countless times and, recently they were found guilty in separate cases for deceptive trade practices, false and misleading public statements, and CD fraud. I was able to find more than 11,000 complaints about PayPower or any of the Meta entities in Iowa, South Dakota, California, Illinois, Indiana and many other states. You can find a sample of those issues in the following links:
My advise, DO NOT GET THIS CARD for any reason.