Prepaid Visa or MasterCard (also known as stored value cards) are pre-funded reloadable cards. They require payment in advance to the card company, after which the cards can be used until the payment is depleted. The cards can be recharged to be used again. The cards can be used anywhere Visa or MasterCard are accepted and at ATMs worldwide.
There are fees associated with these cards so please read the fees and disclosures for each card when applying.
