Intuit introduces GoPayment pre-paid card

Source: Intuit

GoPayment now does more than help make it easy to accept electronic payments. It also gives small businesses and anyone who sells products or services a convenient way to receive and spend the money they've earned.

As part of its GoPayment mobile payment offering, Intuit Inc. (Nasdaq:INTU) today announced the recent launch of the Intuit GoPayment Prepaid Visa Card. The card expands Intuit's strategy beyond processing credit cards on a mobile device to offering the convenience of a Visa prepaid account linked to GoPayment.

The GoPayment Card makes it easy for users to have the funds they collect with GoPayment deposited into their GoPayment Card account. They can then use the card to make payments online, in stores and withdraw cash at ATMs everywhere Visa debit cards are accepted (some fees may apply).

The card is ideal for smaller businesses or individuals who don't have a business bank account and still want to conveniently separate the money they make with GoPayment from their personal finances. It can also help them get up and running quickly as there is no bank account required to sign up. Those who prefer using a business or personal bank account can still choose to have their funds deposited into their bank account.

"The GoPayment Card adds new value to those using GoPayment. In addition to helping them get paid, we're helping them make payments," said Chris Hylen, vice president and general manager of Intuit's Payment Solutions division. "This is just the beginning. Intuit will roll out new, innovative features for GoPayment that help users make payments in a variety of ways."

The GoPayment Card is a good option for many types of small and personal businesses, including Nathan Lipson, who owns Metrocycle Pedicabs in Austin, Texas.

"Most of my riders don't have a business bank account and primarily use cash," said Lipson. "Having a prepaid card makes it much easier for them to sign up and use a service like GoPayment and gives them another option to make payments."

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