Top 15 Virtual Dollar Card Providers in Africa (Nigeria as case study)
The popularity of virtual dollar cards in Nigeria has been on the rise, thanks to the emergence of various financial service providers. While some fintech companies have suspended their virtual dollar card operations in the country, there are still several providers offering a wide range of options for virtual dollar transactions.
A virtual dollar card resembles a physical card in appearance, but it can only be used for online transactions. In this article, we will focus on virtual dollar cards and their significance.
What is a Virtual Dollar Card? A virtual dollar card is a non-physical card denominated in dollars that enables online payments. It serves as an alternative for Nigerians who are unable to use naira-denominated credit or debit cards for online transactions.
The introduction of virtual dollar cards in Nigeria aims to enhance online shopping and payment experiences for Nigerians using international platforms such as Alibaba, Amazon, Ali Express, Facebook, Netflix, and others. For example, Nigerian ATM cards cannot be used for purchases or subscriptions on digital platforms like Apple Music, but virtual dollar cards have no such restrictions.
One of the advantages of virtual dollar cards is that you don’t need to visit a bank to obtain one. You can easily acquire a virtual dollar card through a smartphone app. Additionally, obtaining a virtual dollar card is more convenient compared to physical dollar cards, which require a domiciliary account and a tedious documentation process.
Today, numerous providers in Nigeria offer virtual dollar cards, providing you with plenty of options to choose from. You can select the one that best suits your needs or even have multiple virtual dollar cards.
Criteria for Selecting Virtual Dollar Card Providers in Nigeria To make an informed decision about which virtual dollar card provider to choose, it is important to consider certain features. Here are some key criteria:
Security: Ensure that the virtual dollar card provider prioritizes the security of your transactions and personal information, as nobody wants to risk losing money during online transactions. Look for providers with robust security measures to prevent data breaches.
User-Friendliness: Opt for a virtual dollar card provider with a simple and easy-to-use interface, especially if you’re a beginner. A user-friendly platform with intuitive navigation will make your payment process seamless.
Accessibility: The virtual card provider should offer responsive customer support to address your queries promptly. Additionally, the virtual dollar card should enable you to make international transactions without limitations imposed by borders or time zones.
Card Limits and Fees: Consider the card limits and transaction fees associated with the virtual dollar card. Some cards have a limit of $1,000, while others allow up to $10,000. Understanding the transaction fees will help you determine the cost of using the virtual dollar card.
The Top 15 USD Virtual Cards that Work in Nigeria Here are the best virtual dollar card providers in Nigeria, offering online payment solutions for products and services:
- Chipper Cash
- Flip by FluidCoins
- Payday Virtual Dollar Card
- Bitsika Virtual Card
- ALAT by Wema Card
- Gomoney Virtual Card
- Kuda Bank Card
- Barter Card by Flutterwave
Let’s take a closer look at each provider to analyze their benefits and drawbacks, enabling you to make an informed decision when choosing the right card for you.
Chipper Cash: Chipper Cash provides virtual dollar cards for online international transactions, and you can fund the card from your Chipper wallet at no cost.
CashBuddy: CashBuddy offers virtual dollar cards for making payments on platforms like Apple Music, Facebook, Amazon, and Skrill. There is a $3 fee to obtain the card, but transactions are free. The maximum funding limit is $10,000.
Flip by FluidCoins: Flip is a crypto payment platform that supports virtual dollar cards with a transaction limit of $1,500.
Payday: Payday allows instant international payments and offers a virtual dollar card for online purchases. There are no funding or withdrawal limits, providing flexibility for card usage.
Fundall: Fundall provides a dollar-denominated virtual card for international payments. You can easily create multiple virtual dollar cards for one-off payments, with a minimum funding requirement of $5 (in naira equivalent).
Bitsika: Bitsika is a payment platform facilitating money transfers between Ghana and Nigeria. It offers a virtual dollar card for transactions and requires downloading the Bitsika app.
Carbon: Carbon, formerly a digital lender, now operates as a digital bank and offers virtual dollar cards for online international payments.
Eyowo: Eyowo is a fintech company acting as a digital bank, allowing customers to send and receive money and make bill payments. It offers a virtual dollar card with a low minimum amount requirement.
ALAT by Wema: ALAT, a digital platform regulated by Wema Bank, offers a virtual dollar card for purchases on international platforms. The card can be created for free, with funding limits up to $20,000.
Gomoney: Gomoney is a payment platform providing peer-to-peer payment and third-party services. It offers a virtual dollar card that requires an account upgrade to tier 2.
Mintyn Bank: Mintyn is a digital bank offering a virtual dollar card for international purchases and transactions. The card requires funding your Mintyn account.
Bitnob builds Bitcoin payments solutions for African individuals and businesses.The Bitnob virtual dollar card is your tool to take back your financial power to spend,you can Fund your virtual card with up to $10,000
Changera: Changera is a payment platform offering virtual dollar cards with low fees. It allows free users to create virtual cards for payments and transactions.
Kuda: Kuda is a Nigerian digital bank that offers a virtual dollar card accessible through its mobile app. The card allows sending and receiving money in US dollars.
Barter by Flutterwave: Barter is a payment platform developed by Flutterwave. Once you have money in your account, you can create a virtual dollar card with a minimum requirement of $5.
Conclusion Virtual dollar cards are excellent options for online payments, providing the flexibility to make purchases without restrictions. The list of virtual dollar card providers in Nigeria mentioned above gives you an overview of available options to enhance your online international transactions. Consider your specific requirements and preferences to choose the virtual dollar card that best suits your needs.