A virtual prepaid Mastercard is just like a regular Mastercard – only without the plastic.
Instead of being sent a physical card in the mail a digital card is sent to you or your customer via SMS and then activated using the Vault app. Once activated, the card can be added to a phone’s digital wallet (e.g. Apple Pay or Samsung Pay) and used anywhere that accepts contactless payment.
A virtual Mastercard, sometimes called a virtual debit card, is just like a regular Mastercard, only delivered via SMS and activated using the Vault app. Once activated, your virtual Mastercard is added to your phone’s digital wallet. This creates a virtual payment card that acts as a debit card, stored virtually through your phone or mobile app, and can be used the same way as your other virtual debit or credit cards.
A virtual Mastercard works similarly to a regular, physical Mastercard – only it is delivered via SMS and activated through the Vault app. Check out our pages explaining the process for businesses and for consumers.