All these and more will be looked into on this page, so tag along.
Answer
The Virtual Visa card is a set of generated 16-digit numbers that allows one to make purchases within a few minutes of its generation. The numbers are designed to be used once and represent the actual account number. Also, it can only be used online or over the phone.
In anyways, here’s how you can get money off your Virtual Visa card.
How To Get Money Off One’s Virtual Visa Card?
If your Virtual Visa Card is loaded with cash and you’re looking to withdraw it, and you have a local bank account in place, all you need to do is to move the money into the account. Then withdraw it directly from the account through your bank or using an ATM. In the case of an ATM, ensure you contact the bank and ask that you be sent one.
Other ways you can get money off your Virtual Visa cards are listed below.
- Transfer To PayPal
If you have a PayPal account, you can move the money from your Virtual Visa card to it following these simple processes.
• Log into your PayPal account via their website or app.
• Click on ‘profile’ and select ‘update card’ from the drop-down menu.
• Click on the ‘Debit and Credit Card’ icon and select the ‘add a card’ option to link your Virtual Visa card to your PayPal account.
• Input your card information (ensure the billing address matches your PayPal account or else you’ll have to enter a new one).
• Finally, complete the process by clicking on ‘add card’ and await confirmation from PayPal.
It should be noted that PayPal will charge 3% of the amount transferred as the credit card processing fee. Once the money has landed in your PayPal, you can then go ahead and transfer it to your checking account and make a withdrawal in physical cash.
- Convert The Money In Your Virtual Visa Card To Gift Cards
One can also use the money to buy gift cards from gift card merchants.
After converting the money in your Virtual Visa card to gift cards, you can go ahead and convert the gift card to money. You can do this by exchanging it online with a merchant or friend, adding it to your PayPal wallet or Venmo account, paying bills with it, and/or selling it to a gift card exchange website. You can also exchange it in kiosks at certain grocery stores where such is allowed.
- Pay With It Using Venmo Account
For those who don’t know what Venmo is, Venmo is a payment app that allows for the quick and easy exchange and splitting of money amongst friends and families.
With the app, one can use the money in one’s Virtual Visa card to make payments online easily.
- Use Card To Make Purchase
One can so use the funds in one’s Virtual Visa card to make purchases at locations where the Visa card is accepted.
Can One Use The Virtual Visa Card To Make Payments?
While a Virtual Visa card isn’t exactly like the traditional physical ones, one can still make payments with them to any entity that takes the physical Visa cards, although it can only be done online or via phone. The Venmo app and certain payment services also enable the use of the card to make payments and send cash to them.
However, with the fast rise of the electronic payment option, it won’t be long before every vendor accepts Virtual Visa cards.
What Are The Benefits Of a Virtual Visa Card?
The Virtual Visa card offers so many benefits, the foremost benefit being its outstanding security measures. With the 256-bit-SSL encryption technology feature, users’ accounts are more protected from hackers. Also, when you make a payment with the card, no one can trace it to your actual card account.
Other benefits include its being easy to use, convenient, giving greater control to the user, and being very flexible.
Conclusion
Virtual Visa Cards are the electronic forms of physical ones with unique one-time use numbers. One can get money off them by transferring it to PayPal, making a payment with it using Venmo, converting it to gift cards, etc. Being a fast-growing payment option, one must be acquainted with it. Hence, if you have one with money, you can use the above information to get the money off it.
What Can I Buy With A Virtual Visa Card?
The card can be used to purchase anything remotely.
Can I use Virtual Visa Card At ATMs?
No, one cannot use it to withdraw from ATMs except if it’s transferred to one’s original account first.
Can I Use Virtual Visa Cards In Stores?
One can use it in stores for contactless payments by adding it to ApplePay or GooglePay.
