Making large purchases requires a clear understanding of your financial capabilities. If you frequently travel or make expensive purchases, it’s crucial to ensure that the card you use is suitable for your needs. Virtual cards save time since you can set them up and start using them almost instantly. For example, while on vacation, you can create a card via your smartphone within minutes and use it right away to pay for a luxury car rental.
One major advantage of virtual cards is their advanced security features. This is particularly helpful when shopping abroad, where the risk of payment fraud may be higher. Even if your virtual card details are compromised, your primary bank accounts remain safe.
In this guide, we’ll take a closer look at three virtual card services: PSTNET, Volet, and Payoneer. Each of these providers offers solutions tailored for big purchases.
PSTNET
PSTNET specializes in providing virtual cards for international payments and ad spending. Among its most popular products are the virtual dollar payment cards Ultima, designed for seamless global transactions and packed with key benefits.
There are no charges for declined transactions, fund withdrawals, or payments. The card’s top-up fee is just 2%. The Ultima card supports Visa and Mastercard payment systems, ensuring it works with most merchants and online stores worldwide.
With no limits on spending or top-ups, PSTNET users can manage their funds freely. Additionally, multiple Ultima cards can be issued without restrictions, offering greater control over spending.
Key features:
- Flexible funding options: Top up your card using 18 different cryptocurrencies, including BTC, ETH, and USDT, as well as SWIFT/SEPA transfers or other Visa/Mastercard cards.
- Enhanced security: Features like 3D Secure and two-factor authentication provide robust data protection.
- Instant setup: Register via Google, Telegram, WhatsApp, or email and get your card issued instantly without any user verification.
- 24/7 Support: Access real-time assistance via Telegram, WhatsApp, or live chat.
- Telegram bot: Receive 3D Secure codes and service updates directly in the app.
Volet
Volet offers a range of financial tools, including virtual cards for personal and business use.
A standout feature of Volet cards is their multi-currency support, enabling transactions in USD, EUR, and more. While there are spending limits that vary by card type, the Global Plus cards allow for annual spending of up to $500,000. However, there are no restrictions on the number of cards you can create.
The Volet card integrates seamlessly with its e-wallet, simplifying financial management. You can fund your card through bank transfers, convert cryptocurrencies, or transfer money directly from your wallet. This integration ensures that users can manage their funds efficiently, no matter where they are.
Key features:
- Flexible funding options: Add money via wallet transfers, crypto conversions, or external bank transfers.
- Straightforward registration: To get a Volet card, sign up for a wallet account. The process is user-friendly, though full functionality requires verification.
- Cost-effective: Volet cards have no annual service fees, and internal wallet transfers are free.
- Reliable support: Assistance is available via phone, email, and web forms. However, users note occasional delays during the verification process.
- Advanced security: Cutting-edge encryption and two-factor authentication safeguard user data and funds.
Payoneer
Payoneer is a global financial platform that enables freelancers, businesses, and online sellers to send and receive payments in over 200 countries and 150 currencies. Its virtual cards provide a secure and convenient solution for online payments and withdrawals.
Payoneer’s virtual cards are digital versions of standard Mastercard cards. Fees include a 1% charge for receiving payments in local currency via bank transfers and a 3% fee for credit card transfers. Currency conversion fees can reach up to 2%, while withdrawals to local accounts in the same currency incur a fixed $1.50 fee.
Spending limits are set on an individual basis, with flexibility to negotiate terms with Payoneer account managers.
Key features:
- Funding options: Transfer money from other Payoneer accounts (free), bank transfers, ACH payments, or credit card payments (3% fee).
- Comprehensive support: Customer service is available via phone, chat, and email.
- Effortless registration: Sign up on Payoneer’s website by selecting your business type and providing income details. Virtual card requests are processed within a few days.
- Enhanced security: Two-factor authentication ensures secure access.
Virtual cards are a next-generation banking solution that combines the benefits of traditional cards with added flexibility and enhanced security. They allow unlimited transactions while providing robust protection against fraud.
Choosing the right virtual card service depends on your needs, frequency of use, and preferred payment methods:
PSTNET is ideal for those who value instant availability and zero transaction fees. Its unlimited cards make it a versatile choice. Volet offers flexibility and multi-currency support, making it perfect for frequent travelers. Payoneer suits freelancers and small business owners who need a reliable tool for global transactions.
By using virtual cards, you can save time, bypass bureaucracy, and focus on achieving your goals.
