Virtual cards have become an important part of the payment landscape but do you know what they are or how they might benefit your business or personal life?
What Are Virtual Cards?
Similar to a traditional credit card, a virtual debit card has a randomly generated 16 digits payment card number, a CVV, and the name of the card issuer. They are issued in connection to a bank account and may be accessed through a smartphone or digital wallet from anywhere. Virtual credit cards can be used to checkout online offline for a contactless transaction.
Another key benefit is that Virtual cards are best suited for tokenization – allow you to make online payments without utilizing your credit card’s original data, in this regard, they offer far more security than conventional cards.
How Do Virtual Cards Work?
Alero offers virtual cards in four currencies USD, EURO, GBP and Naira, with which you can pay online and through our app, They are accepted worldwide by over 1.5 million stores online and offline. Alero debit cards can operate independently of your Alero account, thereby offering a utility card experience with a higher level of security.
Like any other card type, once produce, they expire after one year, during this period, it holds value and any remaining amount at expiration is refunded back to your original account.
How to Get Virtual Cards?
The Alero virtual card can be generated from App.Alero.Africa by following a few simple steps:
- Log in to your Alero account and choose from any of your accounts Here you can order a virtual card in USD, GBP, EURO and Naira.
- By continuing the process, details of your new virtual card will be created and displayed under “My Cards.”
- Your online virtual card is ready to use.
- Proceed with online purchases as usual. For offline purchases, simply hold it near the reader.
How to Add Funds to A Virtual Card
To top up a virtual debit card choose the currency you want to fund, then select the card generated for that currency. The option to top up that card will be displayed for you to indicate how much money to transfer from your bank account. The amount you specify will be transferred digitally.