We'll share simple but life-saving tips for small businesses and freelancers on business banking.

What is virtual debit card? How can you create virtual debit card for business?

What is virtual debit card? How can you create virtual debit card for business?
Photo by Two Paddles Axe and Leatherwork / Unsplash

A virtual debit card is an online payment method that allows you to spend money without having to use your real credit or debit card. Instead, it's a digital version of your bank account number, which can be used just like cash anywhere that accepts cards. The most common type of virtual debit card is known as a prepaid debit card—a type of plastic payment method designed for people who don't have the best credit rating or may not want to use their own personal financial information in certain situations. For example, if you're paying bills online and want some extra security against identity theft, using one could be a good idea because it doesn't require entering sensitive information into any websites you visit while shopping online (though some sites will still ask for basic details like name and address). It also helps save time by avoiding sending payments through traditional mail services every month—you can just load up the amount needed before making purchases instead!

How to create a virtual debit card?

Virtual Debit Cards are becoming more and more popular in the online world. They have many advantages over traditional payment methods, especially when you're dealing with non-trusted individuals. Because they're completely electronic and don't require any physical representation, they're easy to create and use across borders.

Creating virtual debit cards from Traditional Banks

To get the virtual debit card, you must collect all the necessary documents and apply. If you want to get a virtual debit card from traditional banks, you must first have a physical debit or credit card. If you don't have any of these, you won't be able to get your virtual debit card.

Common documents required are:

-Your passport

-A copy of an electricity bill or other official document containing your name and address

-Your bank account number

How to create a virtual debit card online with wamo?

wamo is a virtual debit card provider that allows you to seamlessly manage your finances. With wamo, getting a new card takes just 10 minutes!

Here's how:

  1. Visit the wamo website or download the wamo app with Google Play or App Store
  2. Sign up for an account.
  3. Open your account. Visit wamo help for all the details
  4. After you are verified, you can top-up your account and request a virtual card.
  5. Once you have created your card, it can be used immediately. You can use the card to make online purchases or pay bills—whatever expenses need paying!

Virtual debit cards make online purchases fast and easy. With wamo, you can get your virtual card in a snap!

Subscribe to Business Bank Review

Sign up now to get access to the library of members-only issues.
Jamie Larson