What is a Virtual Cards?
Virtual cards are digital cards denominated in different currencies for Internet transactions. Unlike a physical card, you can store a virtual card on your mobile phone and make any online transaction in stores.
If you are wondering if virtual cards are safe, they are 100% secure. A virtual card has a unique card number, CVC, and even an expiry date, just like a physical card, such as your regular debit or credit card.
What Do People Often Look at When Choosing a Virtual Card?
Some basic things should be considered when choosing a virtual card. If a card you are considering doesn’t have any of these features, it’s not advisable to opt for it.
Let’s take a brief look at some of these features, or you can call them criteria:
1. Safety
This is the major feature to consider before choosing a virtual card. Truth is, no matter how rich you are, you won’t want to lose money in any online transaction. That’s why you must ascertain the safety and security of card details.
2. Card Limit And Fees
Certain cards have a $1,000 restriction, while others have a $10,000 maximum.
You should also check the transaction fee to find out how much the provider of the virtual dollar card will charge you when you use the card for transactions.
3. Simplicity of Use
When a transaction is made online, everyone desires easy access. Nobody, especially a novice, wants a complicated or sophisticated platform that is difficult to use.
3. Availability
Your virtual card provider must adhere to specific accessibility standards and offer prompt, friendly customer service that is always ready to answer your questions. Also, the virtual card must allow you to perform international transactions or payments without border or time limits.
What is SendBit Virtual Card?
SendBit Virtual Card is a digital card provided by SendBit, a digital payment platform. This card allows you to make online transactions, such as paying for your favourite services, bills, and any other payment that requires dollar currency.
One distinguishing feature of this virtual card is its cost. Unlike other widely used virtual cards, getting SendBit Virtual dollar Card is less expensive.
Creating a SendBit Virtual Card costs $1.5. You must deposit at least $3 before you can make a transaction. Also, the SendBit Virtual Dollar Card is 100% secured.
Like a physical credit or debit card, the SendBit Virtual Dollar Card has a 3-digit CVC number, expiry date, and card number.
How Do I Use SendBit Virtual Card?
Very simple!!!
Like other virtual cards have unique creation steps, so does the SendBit Virtual Card.
Once you log into your SendBit account, click on Cards on your dashboard.
Then, you will see the option ‘Select Card Type’. Here, you can choose either Visa or MasterCard. Before this process, ensure you fund your Naira Wallet, as the card creation fee will be debited. This will also help you make a seamless transaction.
Please note that you must fund your wallet 72 hours before the transaction. Withdrawals from your card are not possible within 48 hours of funding the card.
Then, tick the terms and conditions acknowledge box after choosing the card type. This indicates that you agreed to read the cards’ terms and conditions.
Other Popular Virtual Cards
Here are other popular virtual cards:
Kuda
Another virtual card you need to know about is the Kuda virtual card. This card is provided by Kuda, an online bank that allows its users to make seamless transactions globally.
Chipper Cash
With the virtual dollar cards that Chipper Cash offers, you can conduct international online transactions. A Chipper Cash Visa, a virtual dollar card, can be funded free from your Chipper wallet. It’s important to understand that using this virtual card works similarly to using real credit or debit cards.
There is no cap on the total amount that may be taken from the Chipper virtual dollar card, but the daily maximum withdrawal is $1,000.
You can locate your card, which has a $1,000 daily funding limit and a $5,000 monthly maximum withdrawal restriction. Just in case you were wondering, Chippercash is a legitimate company.
Payday
Payday allows you to send and receive quick international money transfers.
This platform also features a virtual dollar card for overseas transactions and online payments at your convenience. Additionally, opening a foreign account in euros, British pounds, or US dollars is free.
When you use the Payday virtual dollar card, there are no financing or withdrawal restrictions, so you can use it as you please.
Furthermore, according to the Payday virtual dollar card review, a card is a great choice for those who utilize virtual cards.
Eyowo
Customers of the fintech startup Eyowo, called a “digital bank,” may transfer and receive money and pay bills using their phone numbers.
You do not need to use your ATM card to obtain physical cash when using Eyowo.
Additionally, this platform provides a virtual dollar card that you may purchase for as little as $1. Your Eyowo virtual dollar card has no financing limits.
Gomoney
Gomoney is a payment platform that facilitates third-party services and peer-to-peer (P2P) transactions. When making foreign payments, you can effortlessly use our platform whenever it’s convenient for you.
To receive a Gomoney virtual dollar card, you must upgrade your account to tier 2. From there, you can make local and international online payments.
New users must comprehend the Gomoney virtual card review because your virtual dollar card limit is contingent upon your Gomoney tier level.
ALAT
The ALAT virtual dollar card is created by ALAT, a Wema Bank-regulated digital platform.
With this virtual dollar card, you can make purchases from foreign trade sites like Facebook, Amazon, Shopify, and others.
You can fund your ALAT virtual dollar card with up to $20,000 and establish it for free using your naira account. In the interim, you can exchange your dollars back to naira.