Swiss Bankers Prepaid Services AG

Swiss Bankers Prepaid Services AG is a Swiss payments company focused on prepaid card products and related digital services, based in Switzerland and active since the travelers cheque era. It issues Mastercard-branded prepaid cards for everyday spending and travel, available as physical and virtual cards, with management via the Swiss Bankers mobile app. Core functions typically include loading funds, viewing transactions, receiving push notifications, freezing/unfreezing the card, and setting limits; the cards support contactless payments, e‑commerce with common security standards, and integration with major mobile wallets such as Apple Pay and Google Pay where available. Distribution is direct and through partner banks, with onboarding subject to identification and eligibility requirements under Swiss law. Acceptance follows the Mastercard network, but individual merchant policies apply, and certain use cases (for example, hotel or car‑rental preauthorizations) can temporarily reduce available balance. As prepaid instruments, these cards do not provide a credit line, earn no interest, and spending is limited to the loaded amount; they are not a substitute for a full service bank account. Fees apply and typically cover issuance or monthly servicing, foreign currency conversion, ATM cash withdrawals, card replacement, and some loading or inactivity events; the exact tariff depends on the specific product and is subject to change, so reviewing the current price list is necessary. Loading options vary by channel and product and may include bank transfers or other methods disclosed at purchase; processing times and limits can apply. The company operates under Swiss financial regulations and implements standard security controls, but protection for prepaid balances differs from deposit accounts, and consumers should verify how funds are safeguarded and what, if any, guarantees apply.