You may have heard about virtual debit cards, but you're not so sure how they work and how you can use them. Virtual debit cards are plastic-less bank cards that let you make purchases online. They're a great option for anyone who wants to keep their money safe while also spending it on the Internet. Keep reading to find out all about virtual debit cards!
What is virtual debit card?
Virtual debit cards are prepaid debit cards that can be used to make purchases online and in-store. They're not linked to a bank account, so you don't have the same protection as you would with a traditional bank account. The benefits of virtual debit cards include:
- No credit check required
- Purchase amounts are limited by the amount of money on your card
- Instant approval for most virtual card issuers
Why should I use virtual debit card?
If you’re wondering why you should get a virtual debit card, there are several advantages that make it worth your while to do so. For one thing, virtual debit cards are safer than real ones. They don’t have your actual bank account number on them, so if one gets stolen or duplicated online (which is not uncommon), no harm comes to the real account linked to the card.
Another benefit is that virtual debit cards allow for more security when shopping online. Most merchants require some form of identification before allowing purchases from their sites; this means that most shoppers need to give up their personal information in order to complete their transactions. However, with a virtual card and its mere number as proof of identification, customers can shop anonymously without having any other details revealed about themselves or their finances—a big plus for those who prefer privacy when buying goods online!
The third reason why virtual debit cards are better than other payment methods involves money-back guarantees: many merchants offer refunds if something goes wrong with an order but some do not offer refunds at all (for instance those sold wholesale). A prepaid VISA/MasterCard or American Express will protect against these situations because they have higher liability limits than bank accounts like Wells Fargo or Chase Bank etcetera..
How to get a virtual debit card online for your business with wamo?
Here's how to get a virtual debit card online:
You need to open business account on wamo. It takes just 10 minutes. When applying to wamo for a business account, you only need to provide your identity and company information. After applying for 10 minutes, wait for approval. You can create an unlimited number of virtual debit cards under your approved business account in a short time. In this way, you can safely spend your company's expenses and ease your spending control.
How to receive the money to my account?
After you're approved for your virtual debit card, the money will be transferred to your virtual debit card account within minutes. Once this happens, you can shop online or pay bills and send money to friends and family through online banking.
You'll receive an email when the funds are deposited in your account so that you don't have to worry about missing a payment deadline!
Virtual debit card is a good way to shop online, because it can protect your personal information. You can also use this card for withdrawing cash from ATMs, paying bills or buying goods from stores. The best part about virtual cards is that they're free of cost and available in a range of currencies like USD and EURO as well.