The world of payments is becoming increasingly digitized, and Nigeria is no different. With the introduction of virtual dollar cards, more and more Nigerians are now able to make payments online with ease, making the transition to digital banking faster and smoother than ever.
But with so many virtual dollar card providers in the country, it can be hard to know which one is best for you. Whether you’re a small business owner or a student looking for an easy way to pay for tuition, we’ll help you choose the right provider for your needs.
In this article, we’ll cover everything you need to know about virtual dollar cards in Nigeria, from what they are and how they work to our top 12 picks for the best virtual dollar card providers in Nigeria in 2023. So if you’re ready to learn more, let’s get started.
What is a Virtual Dollar Card?
A virtual dollar card is an electronic payment method that allows you to pay for goods and services online securely with just one click. It is an alternative to physical cards, and it is safer than using cash or checks. With a virtual dollar card, you can make payments anywhere that accepts electronic payments, and you can also store your money in a secure digital wallet.
The main difference is that funds are loaded into the card through digital means, such as bank transfers, rather than having to insert cash into a physical wallet or account.
Virtual dollar cards come with numerous benefits, not least of which is their convenience and portability. With the growing demand for digital payments, virtual dollar cards allow users to make quick and secure transactions without ever having to leave the comfort of their home. This means no more long lines at banks or waiting in queues; you can pay for your items quickly and easily without worrying about carrying around cash or facing other possible inconveniences.
Additionally, virtual dollar cards offer users increased safety when shopping online since all payments are made through an encrypted platform, which reduces the risk of fraud and unauthorized access to your personal information. Furthermore, users can keep track of their expenses by checking their account balance anytime they please; no more worrying about running out of money unexpectedly. Finally, with virtual dollar cards becoming more widely accepted worldwide, users can now shop internationally with ease.
Factors to Consider Before Selecting Virtual Dollar Card Providers In Nigeria
Selecting the right virtual dollar card provider in Nigeria can be daunting; there are so many options to pick from! But with a few key factors in mind, you’ll be able to find the best one for your needs. Here are five things to consider before you make your decision:
Security
Security should always be a top priority when picking a virtual dollar card provider. Look for providers that use multiple layers of security and encryption systems, including two-factor authentication, for extra protection.
Fees
It’s important to know what kind of fees you’ll be expected to pay before signing up for any service. Be sure to look for providers that offer competitive rates and low transaction fees so that you don’t end up paying too much.
Global Coverage
If you’re looking for a provider with global coverage, make sure they can offer access to services in multiple countries and regions. This will ensure that you can access your funds no matter where you are in the world.
Customer Service
Good customer service is essential when dealing with any financial services provider. Look for providers who offer 24/7 customer support via email, phone, or live chat so that you can quickly get help should any issues arise.
Features
Finally, make sure the provider you choose has all the features and benefits that best suit your needs. Look for providers who have advanced features such as money transfers, budgeting tools, or loyalty programs to get the most out of your virtual dollar card.
The Best 12 Virtual Dollar Card Providers in Nigeria in 2023
To help simplify your search for the best virtual dollar card providers in Nigeria in 2023, we have put together this list of the top 12 providers. Each one is carefully selected based on the factors listed above so that you can make an informed decision.
Here are the best virtual dollar card providers in Nigeria in 2023:
- PSTNET
- Chipper Cash
- Payday virtual dollar card
- Flip by Fluidcoins
- Cashbuddy
- Fundall
- Gomoney virtual card
- Barter card By Flutterwave
- Kuda bank card
- ALAT By Wema card
- Wallets Africa Virtual Card
- Minty Bank
PSTNET
PSTNET holds a leading position among virtual dollar card services in Nigeria due to its versatility and accessibility. The service allows users to easily register through various methods, including email, Google account, Telegram, WhatsApp, and Apple. Immediately after registration and account funding, users can issue a virtual card with a $500 limit without the need for verification. For those who desire additional cards and higher limits, simple verification is available.
PSTNET offers flexible account funding methods, including cryptocurrency, Visa/Mastercard, and bank transfers. Clients can choose from various types of cards, including those with 3D-Secure support, with no restrictions on the number of top-ups and no one-time spending limits. For cards with 3D-Secure, transactions are confirmed through SMS codes sent to the user’s account and Telegram bot, ensuring a high level of security.
The service maintains zero-level commissions for confirmed and declined transactions, as well as for fund withdrawals and card blocking. PSTNET supports payments on numerous international platforms (Aliexpress, ChatGPT, Adobe.com, Ebay.com, Netflix.com, and more), providing clients with low fees and high-quality service. Customer support is available daily, guaranteeing prompt resolution of any issues.
Chipper Cash
Chipper Cash is one of the best virtual dollar card providers in Nigeria and is quickly becoming one of the go-to options for those looking to transact online. One of their standout features is their low transaction fees.
By signing up for a Chipper Cash account, you get access to a digital wallet that supports several currencies, including USD and other major electronic currencies. This means you can use your Chipper Cash account to make and receive payments from anywhere in the world at a reduced cost. Although there is no cap on the total withdrawal on the Chipper virtual dollar card, the daily withdrawal limit is $1,000. Your credit card has a $1,000 daily funding limit and a $5,000 monthly maximum withdrawal restriction.
Another great feature of this service is the convenience it offers. With an easy-to-use app, you can make transfers, pay bills and buy goods without needing to leave your home or office. Transactions are also processed within minutes, so you don’t have to wait long for your funds to arrive.
Moreover, Chipper Cash boasts advanced security features such as two-factor authentication and strong encryption that protect your information and money from fraudulent activities. They also offer excellent customer service and have numerous customer service touchpoints like emails and live chat support that is available 24/7 in case of any queries or issues with your account or transactions.
Payday virtual dollar card
A payday virtual dollar card is a reliable digital card that offers simple, secure, and affordable money management solutions with the convenience of a physical card.
Payday virtual dollar cards are great for online shopping, rent payments, merchant payments, and other daily transactions. With its extensive network, you can use it all over Nigeria.
Here’s why it’s one of the best virtual dollar cards in Nigeria:
- Low maintenance costs
- Easy to use
- Security
- No funding and withdrawal limits
The Payday virtual dollar card is a great choice for anyone who wants an easy-to-use and convenient way to manage their finances in Nigeria in 2023.
Flip by Fluidcoins
FluidCoins is a crypto payment platform that enables you to send and receive money easily. You can also save and grow other cryptos on this platform while you access its virtual dollar cards that are supported by cryptocurrency.
You can use the Flip virtual dollar card by downloading the Flip App; this virtual card has a $1,500 limit for every transaction.
Flip by Fluidcoins is a great virtual dollar card provider if you’re looking for convenience and security. It’s perfect for those who want to manage their finances with a mobile app, which allows you to set monthly budget goals and track your spending easily. Plus, you’ll get real-time notifications if you exceed your budget limits.
You can also make payments online and transfer money with just a 1% flat rate. It only takes a few seconds to top up your account, and the money will be available instantly. With Flip’s virtual dollar card, you can make international payments as well, so it’s great for those who are regularly sending money abroad.
So if convenience and safety are what you’re looking for in a virtual dollar card provider, then Flip by Fluidcoins should definitely be at the top of your list!
Cashbuddy
If you’re looking for a reliable virtual dollar card provider in Nigeria, then Cashbuddy is a great option. You may make payments with a CashBuddy virtual dollar card on websites like Apple Music, Facebook, Amazon, Instagram, and Skrill. The platform also enables you to send and receive funds in Africa.
The transactions on a CashBuddy virtual dollar card are free, but you must pay $3 to have one. The virtual card can only be funded up to $10,000 per day and per month.
With so many advantages, it’s clear why Cashbuddy is a great choice for anyone looking for a reliable virtual dollar card provider in Nigeria.
Fundall
Another virtual dollar card provider worth considering is Fundall. The Fundall app allows you to create a virtual dollar card, which is free the first time you do it. Another benefit of Fundall is the simplicity with which you may create numerous virtual dollar cards so that you can quickly make one-time payments for ongoing transactions.
To start using your virtual dollar card, you must first fund it with as little as $5 (the equivalent in naira).
Whether you’re looking for an easy way to make International payments or want a convenient way to transfer money to another bank in Nigeria, Fundall’s virtual dollar card is a great option.
Gomoney virtual card
The Gomoney virtual card is another great option for anyone looking for a virtual dollar card provider in Nigeria. Peer-to-peer (P2P) payments and third-party services are made possible through Gomoney; making international payments is easy to use this platform whenever it’s convenient for you.
You must upgrade your account to tier 2 in order to obtain a Gomoney virtual dollar card, and from this point, you can make local and international online payments. The tier level of your Gomoney, however, determines your virtual dollar card limit.
Overall, Gomoney is an excellent option for anyone looking for a reliable provider of virtual dollar cards in Nigeria, with its low fees, high security, and wide acceptance.
Barter card By Flutterwave
Another great virtual dollar card provider in Nigeria is Flutterwave, Barter Card. The Barter Card is a modern alternative to physical debit cards, allowing you to instantly and securely make purchases online in both Nigerian naira and US dollars. Plus, this website allows you to buy cryptocurrencies and send money. Once you have funds in your account, you are eligible to have a virtual dollar card.
To generate a Barter virtual dollar card, you must have at least $5 in your account. Each virtual card costs $2, plus an additional $1 per month to keep it active.
Kuda bank card
Kuda bank card is one of the best virtual dollar cards available in Nigeria. Kuda bank card can be accessed using its smartphone app. Instead of using a domiciliary account with a conventional bank, you can send and receive money in US dollars using the Kuda virtual dollar card.
ALAT By Wema card
When it comes to the best virtual dollar cards in Nigeria, you absolutely cannot miss ALAT By Wema card. This virtual debit card is powered by Wema Bank and is available on the ALAT app.
You can make purchases from global marketplaces like Facebook, Amazon, Shopify, etc., using this virtual dollar card. An ALAT virtual dollar card can be created for free, and it can be funded with up to $20,000 from your naira account. You can exchange your dollars back into naira should you decide to do so anytime.
Wallets Africa Virtual Card
The Wallets Africa Virtual Card is the perfect choice for Nigerians looking for a convenient way to access their funds. It’s an all-in-one digital wallet that allows users to easily manage their finances and make secure transactions online. Wallets Africa offers both digital and physical cards with naira and dollar denominations.
The Wallets Africa Virtual Card is widely accepted around Nigeria, and internationally, so it’s a great choice for those who travel frequently or need to send or receive funds quickly and easily from abroad.
The virtual dollar card from Wallets Africa has a $1 monthly maintenance cost and is secure to use. Additionally, the company charges $0.75 for international transactions and 2% for funding your virtual card from an external account.
Mintyn Bank
Mintyn is one of the best virtual dollar card providers in Nigeria. It has several benefits that make it a great option for anyone looking for a reliable card. In some ways, Mintyn Digital Bank offers services and products that are similar to those of conventional banks. One of them is a virtual dollar card that enables you to purchase various goods anywhere in the world.
You can transfer and receive money with Mintyn’s virtual dollar card as you use International platforms like Facebook, Netflix, Amazon, Apple Music, etc. Funding your Mintyn account is a crucial prerequisite for using a virtual dollar card on this website.
Frequently asked questions
You may have a few questions about virtual dollar cards in Nigeria. Here are answers to some of the frequently asked questions.
How do I get a virtual dollar card?
Most banks in Nigeria offer virtual dollar cards, and the process for getting one is usually quite simple. All you need to do is contact your bank or financial institution. There are other Virtual banks where you register and initiate everything online without leaving your comfort zone. You just have to fill out an online application form.
Is there a fee for using my virtual dollar card?
Yes, there is usually a transaction fee associated with using your virtual dollar card. This fee varies depending on the bank or financial institution you are using, so be sure to check with them before signing up for any service. However, many banks offer free transactions if you use their app or website to make payments instead of their physical cards.
Conclusion
With so many virtual dollar card providers in Nigeria, it can be difficult to choose which one is right for your needs. However, by taking the time to research and compare the different options, you will be able to make an informed decision. From multi-currency card providers to those that offer zero-fee transactions, there are plenty of options to choose from.
No matter which virtual dollar card provider you decide to go with, you can rest assured that your transactions will be fast and secure. With the right provider, you can be sure to find a service that is tailored to your individual needs, giving you the best possible experience when it comes to online payments.