Introduction

Prepaid Credit Cards

Your guide to all Prepaid Cards

Prepaid Cards are suitable for people with any type of credit score and are useful in times when you need a debit card but you do not have a bank account.

Prepaid card info

Comparing the comparison websites: how some prepaid card comparison websites are vying for consumer attention dishonestly

In the current economic climate, there can be no shame in looking for the best deals which are out on the market to save as much money as possible. Sometimes, the root of saving money can be on what platform you handle your money. Hence, the best platform to consult your options can be comparison websites – but are they friends, or foes?

New information has come to light that is being to reveal how some price comparison websites are giving biased results to make the most money.

However, it is understood that this has not been the first time a concern has been raised. Just over two years ago back in June 2007, Confused.com, one of the leading websites that is used and trusted for price comparison by consumers, came under fire for delivering biased results for more profit.

This is having implications on consumers and could mean that in actuality, such websites are not helping the British public to obtain the best deals on prepaid credit cards based on individual circumstances. With websites like Confused.com charging between £7,500 and £15,000 for prepaid card companies to appear in the search results of their website per month, the partiality of such services is certainly beginning to be questioned.

Aside from the impartiality caused by comparison websites charging for companies to appear in result tables, others are misleading customers by other means. For example, one comparison website deeming itself as ‘one of the best comparison websites around’ was believed to only search part of the market for the best prepaid credit card deals; other services simply supplying inaccurate and out-of-date information.

One expert trying to do the best possible by consumers is self-deemed ‘money-saving expert’, Martin Lewis. His website, MoneySavingExpert.com, has been making shockwaves in Britain because of comprehensive information that has been helping UK consumers to come out of the recession fighting. His website includes a free, exclusive and impartial section on prepaid credit cards – with honest feedback from British consumers helping the discerning user to make an informed decision.

The website was met with some questions as to how the website made a profit and supported its 25 full-time staff, as there never has been advertising or a subscription for users to pay.

Interestingly, when it comes to prepaid cards, the MSE website does have discreet advertising to allow profits (and significant donations to charities). It is understood that all results are impartial and in honest order of quality of service on each and every website, with prepaid credit card companies given the opportunity to pay for a link through to their website to redirect users through. Cleverly, the website uses an asterisk to denote companies which have chosen to do so.

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