9 Prepaid cards are not credit or debit cards, but they look and work just like them. Prepaid cards can be purchased at banks, online, and at numerous retailers. You load a dollar amount and use them as you would a debit or credit card. You can also go online to check bal- ances and transaction history. You don’t pay interest on a prepaid card, and these cards are available to anyone. But there are fees—often hidden. Fees for set-up and reloading, transferring money from a checking account, and for ATM use. Do some comparison shopping to ensure that you’re getting the lowest fees. Like a debit card, using a prepaid card has no effect on your credit history. Prepaid Cards Mobile Payments Mobile payments refers to the transfer of money using a mobile app, email, or online account. Mobile payments are also called mobile money, peer to peer (P2P) payments, and digital wallet. Mobile and online payment systems are becoming more popular—and new ones are popping up all the time. PayPal, Google Wallet, Apple Pay, and Venmo are just a few of the businesses making it possible to transfer money and make payments online. A number of retailers have also em- braced this new trend and encourage customers to use their app to find a store, order ahead, pay for purchases, earn rewards, etc. But beware of fees. For example, Venmo allows you to send money from a debit card, bank account, or Venmo balance at no cost, but there is a charge if you use your credit card to send money. Mobile payment systems aren’t accepted by all businesses, and some people have concerns about security. But because of their convenience, they are likely to become more widely used as time goes on.