Virtual Prepaid Mastercards

Q: What is a virtual MasterCard?

A virtual MasterCard 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.

Q: Can I use a virtual MasterCard in stores?

You can use a virtual MasterCard in store. However, the merchant must accept contactless payments.

Q: How does a virtual prepaid MasterCard work?

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.

Q: Can I use my virtual MasterCard to withdraw cash?

No, you cannot use your virtual MasterCard to withdraw cash.

Q: Can you shop online using a prepaid MasterCard?

Yes. You can use the details on your card to make purchases through online payment portals.

Q: Are virtual MasterCards accepted by most online retailers?

Virtual prepaid MasterCards are accepted anywhere that regular MasterCards are.

Delivered in seconds. Activated in minutes.

What is a virtual prepaid Mastercard?

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.

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What are the benefits of a prepaid virtual Mastercard?

Business Benefits

Instant delivery – don’t leave your customers waiting by the postbox

Add your branding flare – use your company colours and logo

Quick activation – ready to use in minutes

Secure – the security features of Vault, Mastercard and your digital wallet working together

User analytics – view a clean, simple summary of all your live campaigns. Collect data on transactions and use these consumer insights to drive commerce.

No minimum load value – unlike some card providers we allow you to add small amounts to your customer's cards

Reloadable – top up your customers' cards

When you should use a virtual Mastercard

Virtual debit cards are incredibly versatile and can be used in a number of scenarios.

Events – engage and incentivise your attendees

Cashback programs – reward your loyal customers

Rebate & claim settlement – issue trackable funds to consumers for insurance of market research purposes

Employee gifts or expenses – reward your employees or provide them with the funds to make work-related purchases

Customer complaints – resolve disputes with your customers

Reactivation campaigns – remind your customers why they love your brand and products

When time is of the essence – any situation where a customer or employee needs a Mastercard quickly

When your customer/employee is remote – no need to wait for delivery, email their Mastercard instantly

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Are you considering using reloadable prepaid Mastercards? We can help! Leave your details below and we will get back to you as soon as possible.

FAQs

Everything you need to know about virtual prepaid Mastercards

What is a virtual Mastercard?

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.

Can I use a virtual Mastercard in stores?

How does a virtual prepaid Mastercard work?

Can I use my virtual Mastercard to withdraw cash?

Can you shop online using a prepaid Mastercard?

Are virtual Mastercards accepted by most online retailers?

Need more information?

If you're like to learn more about virtual prepaid Mastercards and how they can be an asset to your business contact us today.