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Debit will be fine. Pre-paid I'm not sure, but it's likely they can be used up to some kind of pre-set $ amount (which may be different from other types of cards for obvious reasons)I note that VA only accept "credit cards" as payment options on board, no cash.
Are debit cards or pre-paid travel cards (both with MasterCard logos) accepted on board, or must the card strictly be a credit card?
Must say, that beef pie on the VAd menu looks quite nice, havn't had the chance to order it yet.
Edit: just had a look myself, ... if you go to the Virgin Australia website, and look on/under On board menu, it does say ((Virgin Australia is cashless onboard, we accept Visa, Mastercard and American Express credit/debit cards for onboard purchases)).