82ad790e_and_Merchant_Services_Glossary__Definition
[Term] Prepaid Card [Definition] 
A payment card with a set amount of money that has been preloaded onto it for future use by the consumer. It is not a credit card or debit card. Prepaid cards can be used in an open-loop (branded by Visa, MasterCard and so forth) or closed-loop (merchant or mall-branded). The most common type of prepaid card in use today is the gift card.
Credit Card Processing and Merchant Services Glossary
Definition