Which term refers to a reloadable prepaid card?

The term "General Purpose Reloadable (GPR)" specifically refers to prepaid cards that can be reloaded with funds by the cardholder after the initial balance has been spent. These cards function similarly to debit cards, enabling users to make purchases wherever the card network is accepted, as well as providing convenience and flexibility for managing spending.

GPR cards are distinct from other types of prepaid cards in that they are not tied to a specific retailer or purpose (unlike gift cards) and can be reloaded multiple times, allowing for ongoing use. This makes them a popular choice for consumers who prefer to control their spending or those who may not have access to traditional banking services.

Other options, while related to payment processes, do not adequately describe reloadable prepaid cards. E-wallets refer to digital or online wallets that store payment information for various types of transactions, smart cards typically include advanced security features and may store data related to cards but are not specifically defined as reloadable prepaid cards, and gift cards are usually preloaded with a fixed amount and not reloadable.