However, their mainstream "off the j-hook" distribution lends their product to more of a lower-middle class customer segment that has specific "one and done" purchases in mind. "Money Paks" can be purchased using cash at thousands of retail locations, notably Walgreens and CVS, and the funds loaded onto a variety of prepaid cards, not just Green Dot cards.Green Dot generates almost two thirds of their revenue from a relationship whereby they power the Wal-Mart Moneċard.Green Dot's declared strategy is to enable payments for the un- and under-banked: those without access to traditional payment instruments. A significant part of Green Dot's focus and their original business model is their reload network. Green Dot customers typically use the cards to shop online or pay bills. Green Dot cards are General Purpose Reloadable accounts that can be used anywhere Visa or MasterCard is accepted. ![]() ![]() Although an argument could be made that electronic payments are more sustainable than cash, this is not Green Dot's primary value proposition.Green Dot provides an electronic alternative to cash that enables payments for people without access to traditional credit or debit cards, or people who choose not to use their bank cards for security or privacy reasons. ![]() I disagree with the statement that Green Dot (NYSE:GDOT) is a resource sustainability play.
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