Lots of people find it difficult to make online payments with naira cards, especially when the transaction is in dollars. As a result of these challenges, they look for means or alternatives to resolve this issue.
The good news is; there are now alternative for making online payments and you don’t even need your naira card. With just a virtual dollar card, you are sure to get this issue resolved. You can seamlessly make payments online without any hassle. All you need is a virtual card.
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What is a Virtual Dollar Card?
A virtual card is a non-physical card that is used for any online payment. However, the card cannot be used to make physical cash transactions like ATM withdrawal. This virtual dollar card was introduced to help you cater for issues that the Naira cards issued by Nigerian banks fail to resolve (Seamless and limitless online payments). You can use these virtual dollar cards to make payments online for services such as Facebook Ads, Netflix, Spotify, Amazon, AliExpress, eBay, Airbnb, Uber, Google AdWords, Instagram, etc.
A big problem facing Nigerian cards is how to make dollar payments online. Although you can make payments since some banks now make provision for it but there are huge limitations. With Naira cards, you will need several cards to make purchases of over $100 a month due to central bank regulations. Meanwhile, with a virtual dollar card, you can spend all you want without any limitation. Below is a list of top platforms that you can get your virtual card today.
#1. Barter Virtual Dollar Card for Online Payments
The Barter Virtual Dollar Card is a product of Flutterwave. Flutterwave gives you the ability to send and receive money from anywhere in the world. As a result of this, you can create virtual cards with their platform and these cards will work anywhere online. You can pay bills, pay for products and services and do lots more with the Barter virtual dollar card.
How to Get Your Barter Virtual Dollar Card
- The following process will guide you on how to get your virtual card set up.
- Download the Barter mobile app.
- Open the app and sign up by entering your details
- Verify your account by completing the KYC.
- Fund your Barter account.
- Click on “Create a new card”.
- Choose either a multi-functional or a platform-specific card.
- Then transfer the naira you funded initially to your Dollar card.
- Start making payments online.
NB: the daily Limit on Barter Virtual Dollar Card is USD20,000 and the current limit per transaction is USD20,000. Most people don’t even use up to 50% of this daily.
#2. ALAT Virtual Card
This is an online digital bank that is run by one of Nigeria’s commercial banks, Wema Bank. ALAT was launched in 2017 to help with the digital banking system. With ALAT, you can simply sit at the comfort of your home and open an account, manage your money without ever going to any branch. The ALAT app also gives you access to both group and personal savings including other features like a free debit card.
How to Get Virtual Dollar Card on ALAT for your Online Payments
- Access the ALAT platform through Mobile or Web.
- Click on “Cards” from the main menu.
- Then select the “ALAT Dollar Card”.
- “Create a New Card”
- Fill in all required information to proceed.
- Start using your card
NB: with the ALAT virtual dollar card some charges are required. You’ll pay a small fee for using the virtual card. There is also a monthly card maintenance fee of about 525 Naira on each card you created after your first virtual card.
#3. Eyowo Virtual Dollar Card for Online Payments
Eyowo is an online platform that allows you to create a virtual dollar card in Nigeria with your phone number. This platform allows you to fund your dollar card with as little as $1 making it very convenient for both small and medium businesses to thrive. It’s totally free to create an Eyowo virtual dollar card for the first time. Bear in mind that your next virtual dollar card will be charged at $0.50.
How to Getting a Virtual Dollar Card on Eyowo
- Download the Eyowo mobile app or visit their website.
- Go ahead and register by entering your phone number
- Add your personal details including your BVN
- From the dashboard, select Eyowo dollar Cards
- Chose a name you would like to use for the dollar card
- Fund your virtual dollar card with the amount of your choice
- And click “Create Card”
- Start using it for your online payments
#4. Wallet Virtual Dollar Card
Wallet is a virtual dollar card and current account provider that allows small and medium businesses to create current accounts with ease. You can also create an account with them as an individual. With Wallet, you can have a minimum balance of $1 and a max balance of $10,000 and there are little charges for both the virtual cards and transactions. For transactions less than 5,000 nairas you will pay zero fees and pay a little fee of 23 nairas for transactions above 5000 nairas. Also, you can create up to 5 dollars virtual card for free. This is one of the cheapest virtual dollar cards in Nigeria.
How to Get Wallet’s Virtual Dollar Card.
- Download the Wallet Mobile App
- Click on signup to create an account.
- Click on “Cards”.
- Select “Create your card…”
- Enter your details
- Fund your dollar card and start using it.
#5. Eversend Virtual Dollar Card for Online Payments
Eversend pride itself as a Neobank for Africa. It is a mobile-only banking system that provides currency exchange, saving accounts, and money transfer services across the world. With Eversend virtual cards, users can make payments online in US dollars.
How to Get Eversend Virtual Dollar Card
- Download the app and create an account
- Login to your Eversend account.
- Select Cards at the bottom of the homepage.
- Tap on “Create New Card”.
- Enter the amount you would like to fund. The minimum required amount to create a card is $5.
- Enter your PIN to verify the transaction.
- Click the “Add money” feature to fund the card.
- Start using your card
Read Also:. How to Start Accepting Bitcoin Payments In Your Ecommerce Store: The Top Payment Processors
Benefits of a Virtual Dollar Card
With virtual dollar cards, you don’t need to expose your banking details to lots of online platforms or any merchant sites when you make online payments at such, your banking details will be secured.
These virtual dollar cards also help users to set amounts they want to spend online thereby limiting their spending and helps you manage the way you spend money online
These cards are accepted globally, there, you can use the virtual dollar card to make payments across any online platform. Virtual cards have made it very easy for businesses dealing with imports to pay people overseas for products.
Disadvantages of Virtual Dollar Card
These Virtual dollar cards do not last as long as the physical ones, they normally last for a period of one year.
They cannot also be used for physical verification or to make physical cash transactions.
