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Anonymous debit cards allow for transactions without revealing the cardholder’s name, often purchased from South American banks and facilitated by a third party. They have higher limits than regular debit cards, but may not be truly anonymous as the name can be read from the magnetic stripe.
An anonymous debit card allows a person to access their funds without having a card that shows their name. These cards are often purchased from banks in South American countries. They generally have the same appearance as other debit cards issued by issuers. Persons interested in these financial instruments are generally not required to be account holders. Instead, all transactions are facilitated by a third party that is supposed to keep the cardholder anonymous.
Debit cards are generally linked to bank accounts held by cardholders. Some of these cards display the cardholder’s names on the front. This arrangement makes it quite easy to link people to your transactions. The purpose of an anonymous debit card is that it allows a person to make transactions anonymously.
These cards may not display a name or may be issued under an alias or in a company name. In any case, there must be no link between the card and the cardholder. This arrangement usually works because all transactions, including getting the card, are handled by a third party. There are international services that can help an interested person to obtain an anonymous debit card.
In some cases, arrangements for an anonymous debit card are made through law firms. This is supposed to help increase the anonymity of cardholder transactions because account activity is subject to attorney-client confidentiality rules. Whether the arrangements are made by an attorney or another third party, there are typically fees to obtain the card and additional fees each time funds are added for accessibility.
Based on the marketing of these cards, there are several ways in which they can be beneficial. For starters, they generally look like the other cards a bank issues to its account holders. A person can choose to have popular credit card logos like MasterCard and Visa displayed on the card, thus it will be widely accepted. However, when a person uses it, their name is not captured in any database that links them to the transaction.
Many of these cards have higher limits than regular debit cards usually have. This includes both making debit purchases and withdrawing funds from an ATM. To obtain such a card, a substantial first deposit is often required and there may be minimum balance restrictions. The third party through which the card is obtained will generally provide a means for the cardholder to view their account information as they would with Internet banking on a normal account.
Those interested in these types of cards should be aware. In some cases, the cards may not be truly anonymous. Although the user’s name may not be visible on the front of the card, it can be included and read from the magnetic stripe on the back of the card.
Smart Asset.
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