DALLAS 7-Eleven Inc. and American Express Co. have introduced a prepaid card for online shopping.
The 7-Eleven Internet Shopping Card is being sold at U.S. 7-Eleven stores. The card can be loaded with a value of between $25 and $1,000, and can be reloaded. There is a 4% fee to load the card.
People can buy the cards with cash or credit cards. They can be used at online merchants that take American Express, or at 7-Eleven retail stores. 7-Eleven and American Express already collaborate on financial services in 7-Eleven convenience stores. Amex has 5,000 automated teller machines in 7-Eleven stores, and plans to install more.