Evolve Money to Charge 3% for Prepaid Debit and Gift Cards

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Update:   Evolve Money has closed down.

Beginning next week, you will pay a 3% fee If you use a prepaid debit or gift card to load your Evolve Money account.

Evolve Money To Charge 3 For Prepaid Debit And Gift Cards

Evolve Money Will Start Charging a 3% Fee When You Use a Prepaid Debit or Gift Card to Pay Bills Like Your Car Insurance

Keep reading to find out how these changes will affect you.  And I’ll remind you about the alternatives!

Evolve Money to Charge 3% for Prepaid Debit and Gift Cards

Link:   Evolve Money

Evolve Money is an online bill payment service where you can pay bills with a credit card without a fee when you buy pin-enabled Visa and MasterCard gift cards with a credit card and then load them to your Evolve Money account.

You can also use your Discover, Visa, and MasterCard to pay bills through Evolve Money, but you pay a 3% fee.

But, starting next week, you’ll pay a 3% fee to use prepaid debit and gift cards to pay bills with Evolve Money.

Here’s part of the email sent to Evolve Money users:

Beginning next week, certain debit cards from smaller banks, as well as prepaid debit cards and gift cards will be subject to a 3 percent Bill Pay Fee on each payment.

How These Changes Affect You

Many folks buy Visa and MasterCard gift cards at gas stations, grocery stores, and office supply stores with cards that earn bonus points or cash back.  Because it’s a great way to meet minimum spending requirements.

Then they load their Evolve Money account with those gift cards to pay bills that don’t ordinarily accept credit cards or that charge a fee for paying with credit.

But now that Evolve Money will start charging a 3% fee to use gift cards, it does NOT make sense to continue to use Evolve Money.

That’s because you’ll pay a fee to buy a Visa or MasterCard gift card AND a 3% fee to use the gift card on Evolve Money.

For example, if you bought a $200 Visa gift card at an office supply store, you’ll pay a ~$7 fee for the gift card PLUS $6 to use it on Evolve Money.  It’s not worth it to me to pay ~$13 in fees!

Evolve Money To Charge 3 For Prepaid Debit And Gift Cards

3% Fee to Use a Visa or MasterCard Gift Card? No Thank You!

The Good News

You have until the end of the week to continue using Visa and MasterCard gift cards on Evolve Money without a fee.

Another option is to load those gift cards to your Bluebird card or Serve account.  So you can continue to earn bonus points and cash back and meet minimum spending.  Whew!

Evolve Money To Charge 3 For Prepaid Debit And Gift Cards

There Are Alternatives to Evolve Money

Bottom Line

This is the last week you can load Visa and MasterCard gifts cards to your Evolve Money account for free.  That’s because Evolve Money will soon charge a 3% fee when you use prepaid debit and gift cards to load your account.

Folks who buy Visa and MasterCard gift cards to earn bonus points, cash back, or meet minimum spending will have to change to Bluebird or Serve if they want to avoid paying the 3% fee on Evolve Money.

How do you feel about the new changes? Will you still use Evolve Money?

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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8 responses to “Evolve Money to Charge 3% for Prepaid Debit and Gift Cards

  1. Hi Daraius,

    Thanks for this. No more Evolve.

    However, won’t I run into problems loading giftcards into my Serve account? Doesn’t that raise a “red flag” in their system?


  2. When Evolve added a 3% fee in CC payments, I was finished using them. But I sure do love my Serve Card. Great way to pay bills!

    Something new will come along in the future. Seems like it always does :-).

  3. I too got the dreaded email from evolvemoney.com this morning. Good article, but I just wanted to point out that you don’t “load” money onto an evolvemoney account, like you would serve or BB. You pay each bill from a debit or credit source. Moot point, I’m sure. I will pre-pay a few bills to unload the only vanilla card I’ve got, then probably discontinue using evolve.

  4. @Shay – I think what he means when reloading Serve with gift cards is in store transactions. I’ve tried to link Serve to a gift card through their website and it does get flagged so I wouldn’t recommend it.

  5. It’s sad to see what has changed at Evolve. I got in late, and now the ship has sailed.
    I sent a few extra $500 payments off to a few store cards. I’ll call those store cards to request a check to be mailed for the “mistake” payment.

  6. I closed my Blue Bird account around November 2014 because I could not load pin enabled gift cards. Has that changed?

    As far as Evolve goes, until the 3% fee is gone, I will be gone. However, would consider a partial use of Evolve if I could not reach the min spend any other way but doubt it will ever come to that.

  7. You have condemned anyone who has bought a vanilla visa to pay higher fees by exclusively promoting the use of these cards for their ‘convenience.’


    You haven’t updated your serve link to state that vanilla visa are not usable at walmart reload stations. You have effectively created a loop of wrong information which can cause material damage to your readers. Fix it.

  8. Why do these j-holes care so much? I mean, it really takes a lot of effort to hold all the meetings, prepare the company for change, migrate the software, and update the policies. Why the hell do these companies care so much?!?! It’s not like a huge portion of the population takes advantage of these services for MS. Most people just use them as intended. Why do they go through so much to prevent such a small population from benefiting? It’s ridiculous.