|Some criticism or prepaid cards is warranted, but the industry has potential, if only for the opportunity for innovation it affords.|
While the fees driving much of the criticism are generally high, many prepaid providers are good about disclosing them, and fees are usually get their own section on many of their Web sites. The real issue is that these charts and disclosures are so full of clauses and caveats about how the fees are incurred or, more commonly, avoided, it has become very difficult to figure out how much the card is going to actually cost a person to use. As such, it has also become much more difficult to compare one card with another, since the fee structures and accompanying clauses are rarely the same. >>8 Shortcuts to Getting Richer Several card ranking sites recently introduced tools that allow consumers to compare prepaid debit cards by specifying how they plan to use them. If a similar tool was provided by the debit card's issuer, transparency may become less of a point of contention.