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Each model differs in terms of merchant acceptance, regulatory obligations, cost structure, and expansion potential. For businesses planning to launch or scale a prepaid card program, choosing the right model directly influences user experience, compliance readiness, and long-term growth.<br>This guide explains the differences between closed loop, semi-open loop, and open loop prepaid cards, with a practical focus on real-world use cases and how each model fits into todayu2019s payment ecosystems.<br>
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