How to get virtual dollar card in Nigeria

Are you looking for a convenient way to manage international online transactions with a virtual dollar card in Nigeria for subscribing to Netflix, shopping on Amazon, or paying for an online course? If Yes, then this article is for you.

In this article, I will tell you what a virtual card is, why you need one, how to get one, and things to consider before getting one.

What is a virtual Card?

A virtual card, as the name implies, is a digital card that allows you to carry out transactions online in foreign currency. This card is designed by banks, financial institutions, or payment service providers to enable you to make payments on foreign websites, apps, or online platforms.

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Why you need a virtual card

You will need a virtual card to carry out international payments without restrictions. You will agree with me that many times, you struggle to make transactions on foreign platforms.

Virtual cards will eliminate this stress and provide seamless international transactions, better exchange rates, security against fraud, instant funding, and ease of use.

How to get a virtual card

These are the steps you need to take to get a virtual card

1. Choose a Provider

There are many banks and financial institutions in Nigeria that offer virtual dollar cards. To find the best option for your needs, do a thorough research on their fees, exchange rates, and transaction limits

2. Sign Up for an Account

After you have decided on the financial institutions you want to use, download the app or visit their website to create an account with your email address, phone number, and other basic information

3. Verify Your Identity

Your KYC (Know Your Customer) verification is requested by most financial institutions that offer virtual cards as a means to comply with financial regulations. Your KYC mostly includes your National ID card, Passport, or BVN, and sometimes a selfie for identity confirmation.

4. Fund Your Account

After the verification process, you are expected to load your account with funds before you can use your virtual card. The fund you load into your account is ten converted to U.S. dollars based on the current exchange rate.

5. Request Your Virtual Dollar Card

You are almost done with the process if you are in this state, go to the card section after funding your account and apply for a virtual card. In a few minutes, it will be ready and you get your card number, CVV, and expiry date

6. Start Using Your Card

After you receive your card details, you can start making payments on international websites for shopping, subscriptions, advertising, or any online service that requires dollar transactions.

Things to Consider Before Getting a Virtual Dollar Card

There are a couple of things you should consider. First, check the card issuance fee, funding charges, and transaction costs, and ensure that the daily or monthly spending limits meet your requirements. Also, look out for the expiration date for renewal, and ensure it is from a trusted provider.