News by Andrew Kameka on Monday September 10, 2012.
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Google has just announced that it will discontinue prepaid cards on its Google Wallet platform. An email being sent to Google Wallet users explains that since Google has added the ability to use any debit or credit card with Google Wallet, it will no longer support prepaid cards. The discontinuation will take place in two stages. Google will stop accepting new funds onto prepaid cards on September 17. Users will then have to spend the remaining balance on their card by October 17 because the card will no longer be active. Any remaining funds will be sent to the user through a refund request.
Google's decision to no longer accept prepaid cards is a surprising one. Being able to add cash to Wallet made the mobile payment option more accessible to users who did not or could not link their Wallet account to a bank card. Going forward, customers will have to link Wallet to an existing debit or credit card to make payments. Google has encouraged customers to make a purchase with their remaining balance or read this FAQ to determine how they can request a refund.source: Google
Andrew is MobileBurn.com's managing editor. He is based in Miami, Florida.