Method and system for delayed payment of prepaid cards

A system for accepting delayed payment of prepaid cards, comprising:

• a plurality of prepaid cards, the prepaid cards provided to a plurality of recipients, each prepaid card associated with a card value disclosed to its recipient;
• a redemption server configured to, responsive to a redemption of a prepaid card by a recipient, provide a product or service associated with the prepaid card to the recipient;
• and
• a card server configured to,
• receive a service charge payment to purchase the prepaid cards,
• receive a delayed payment from a prepaid card purchaser activating the prepaid cards, wherein the delayed payment is not processed until one or more of the prepaid cards are redeemed, and
• process the delayed payment for the prepaid card after the product or service has been provided.

A computer-readable medium including instructions adapted to execute a method for delayed payment of prepaid cards, the method comprising:

• responsive to receiving a service charge payment to purchase prepaid cards, providing the prepaid cards to a prepaid card purchaser;
• receiving a delayed payment from the prepaid card purchaser activating the prepaid cards, wherein the delayed payment is not processed until one or more of the prepaid cards are redeemed:
• responsive to a redemption of a prepaid card by a recipient, providing a product or service associated with the prepaid card to the recipient;
• and
• processing the delayed payment by processor after the product or service has been provided.

A method for delayed payment of prepaid cards, comprising:

• responsive to receiving a request to purchase a prepaid card and a service charge payment, providing the prepaid card to a prepaid card purchaser, wherein
• the prepaid card is associated with a prepaid card identifier;
• responsive to receiving an activation request, a delayed payment and the prepaid card identifier from the prepaid card purchaser over a network, activating the identified prepaid card for future redemption, wherein
• the delayed payment is not processed until the prepaid card is redeemed, and
• the prepaid card is associated with a prepaid card value corresponding to the delayed payment;
• responsive to a redemption of the prepaid card by a recipient, providing a product or a service corresponding to the prepaid card value to the recipient;
• processing the delayed payment by computer after the product or service has been provided.