What is a prepaid voucher and how does it work?
A prepaid voucher (such as 1Voucher)is a payment voucher, that you can purchase, which can then be used to pay for goods and services or top up accounts. Your money is basically digitised, and you get a physical or digital PIN number that represents it.
Here’s a quick breakdown of how it works with 1Voucher: You pay an amount and receive a digital or physical voucher (for the same amount)with a 16-digit PIN on it.
You can then use your PIN number to:
1. Pay for goods or services and top up accounts with any of 1Voucher’s online partners.
2. Pay for goods in-store with 1Voucher’s physical retail store partners.
3. Top up the 1ForYou app mobile wallet balance.
Sure you could just keep your money as cash, but that can be unsafe and limit you in terms of online payments. Keep reading for some benefits of prepaid vouchers that you may not have considered.
Prepaid vouchers are a way to store money safely
These days, it's not safe to carry cash around with you, orto store cash at home in places where criminals can get it. Under your mattress may seem like a good idea, but it’s not (see, even we guessed it). The obvious answer is to put your cash in a bank account. But what if you don’t have a bank account or are unable to get one? 1Voucher is a simple way to store and save your money, without a bank! You can buy a 1Voucher, keep the paper voucher and take a photo of it as a backup. Or, if you’re worried you might lose the physical voucher, you can use a 1Voucher to top up your 1ForYou mobile wallet balance and keep your money in there until you are ready to spend it.
Prepaid vouchers enable everyone to shop online
More and more South Africans are shopping online than everbefore. It makes sense. With online shopping, you can save on petrol or transport fees, find better deals, compare prices, and shop from the comfort of your own home. But how do you shop online without a bank card? That’s where prepaid vouchers come in. More and more online and physical retailers are accepting payment vouchers, making them a convenient way to make purchases both online and in-person.
Prepaid vouchers are a secure way to pay
Prepaid cash vouchers offer a secure way to pay for your online purchases, without having to worry about the risks of credit card theft.When you use a 1Voucher, you are not sharing your personal or financial information with the merchant. With a prepaid voucher, you can load up a specific amount of money onto the voucher, and then use it to make your purchase. That said, it’s really important to keep your unused 1Voucher PIN number safe, because if someone gets it, they can spend it just as they would your cash.
Prepaid vouchers help you budget
Most people struggle with self-control when it comes to spending money. Don’t feel bad, you’re not the only one, and there is a solution! Another often overlooked benefit of using prepaid vouchers is that they can help you stay within your budget. When you load money onto a voucher,you know exactly how much you have to spend. This can help you avoid overspending and getting into debt.
Prepaid vouchers give you choice
More than ever before, consumers expect personalisation, variety and options, which is why it’s no surprise that a one-size-fits-all approach to payment is very outdated. Everyone deserves to choose what they want to buy,where they want to buy it, and how they want to pay for it. 1Voucher is here to give all South Africans another way to pay. Because choice is power.
Why not give 1Voucher a try? 1Voucher is widely available and can be conveniently bought at one of many physical or digital partners, including over 200 000 Flashshops nationwide.