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The account is actually a Prepaid MasterCard® account for transactions made online or over the phone.
Well, that means we generate an account for your group that comes with a MasterCard® account number (and expiry date and security code) so that you can spend the money instantly online or over the phone. As well as pooling your friends' money into one place, you get the convenience and security of MasterCard® to spend it.
You can simply use your MasterCard® account number to pay for your event online or over the phone. Or, if you'd like to, you can also transfer money to your own bank account.