Five benefits of a virtual prepaid card

What is a virtual prepaid card?

A virtual prepaid card is essentially an electronic card that exists on your account. It behaves exactly like a regular prepaid card, however, there is no physical card.

How do virtual prepaid cards work?

Virtual prepaid cards function in exactly the same way as any contactless payment option with a card. However, there being no physical card means that you will need a phone or electronic device to pay.

Why use a virtual prepaid card?

Virtual prepaid cards, such as the Skrill Virtual Prepaid Mastercard®, can be instantly created and used. You will never misplace a virtual prepaid card or need to replace it due to wear and tear.

For more information on how virtual prepaid cards work, check out our article – All you need to know about virtual prepaid cards – which explains this further.

Read on to find out our top five reasons why you should get yourself a virtual prepaid card from Skrill.

Five benefits of a virtual prepaid card

Owning a virtual prepaid card is simple, but what are the benefits of doing so?

Below, we list the five benefits of a virtual prepaid card with Skrill.

1. Apple Pay

Apple Pay® is now available with your Skrill virtual prepaid card. This means that with a few clicks, you can start using your Apple® devices to pay with your Skrill balance. Read more about how you can use Apple Pay in our article.

2. Security

Virtual prepaid cards have the reputation of being secure and for good reason. For one, as there is no physical card, this means your card cannot be physically stolen and used.

In terms of virtual security, virtual prepaid cards do not have magnetic strips or visible card numbers that can easily be identified on a physical card. This means that hackers or unauthorised people have an even harder time trying to access your account in this way.

Furthermore, if your Skrill virtual prepaid card does become compromised, you can use our ‘Lock’ function with ease. With just the touch of a button, your account will be frozen to everyone, and secure from any malicious activity.

3. Budgeting

Your Skrill virtual prepaid card is a perfect way to budget. Simply upload funds to your virtual prepaid card and then spend as you please. The card will only spend the amount on this card, so you can effectively track your spending.

4. Instant

You can obtain a virtual prepaid card from Skrill instantly. All you need to do is sign up to Skrill if you haven’t done already, open an account for free, and then tap the card icon in the top right corner. Here, you will be able to see your Skrill Prepaid Mastercard® and your Skrill Virtual Prepaid Mastercard in one place and see an image of your virtual card.

5. Flexibility

Your virtual prepaid card can be used globally, thanks to it being a prepaid Mastercard®. Due to the virtual nature of the card, you can also spend on holiday without the stress of losing the card. You can also deposit into the account instantly, and you will never need to replace the card due to wear and tear.