Tuxedo Prepaid Card
|What Prepaid? SummaryDate Reviewed: September 2007What is Tuxedo?The Tuxedo Maestro card is one of the latest prepaid cards to hit the UK. Its primarily marketed for use as a money share product, enabling customers to load money onto a Tuxedo card in the UK, and conveniently withdraw the money overseas, in the relevant local currency. The Tuxedo card can also be used at all retailers globally displaying the Maestro brand mark.
Would you save money using a Tuxedo card rather than a traditional money transfer agent, such as Western Union? – Yes, you would certainly save money in most circumstances, but depending on your intended use, there may be other prepaid cards on the Market better suited for your needs.
Tuxedo have made it easy to pay for your card, and this can be done by debit or credit card, SMS Text Message or by a Paysafe Voucher (available from PayPoint participating retailers)
Cards are also re-loadable at PayPoint now (FREE till March 2008)
What’s not so good?
If you intend to use the card for money share overseas, do your home work and make sure that the county where you intend to use the funds has retailers that accept Maestro. Whilst Maestro is the lead debit card brand for MasterCard, acceptance is still restricted to around 7 Million retailers globally, which is limited when compared to the full MasterCard brand acceptance of 24.6 Million locations around the world.
There may already be more cost effective prepaid cards available in the UK. So, depending on your intended use, it may be wise to review other prepay cards available, before making a selection.