Introducing Leatherback Virtual Dollar Card

International Transactions are quickly becoming difficult for individuals, business owners, and merchants who process international payments. Due to recent government policies, most people have issues making payments for foreign transactions, even for transactions as small as a Netflix subscription. As a result, individuals and entrepreneurs who own a dollar account with their respective traditional banks cannot process foreign transactions due to policy limitations.

Leatherback is introducing a new product – The Virtual Dollar Card, to provide a payment solution that solves this challenge and ensures anyone can execute transactions anytime and anywhere. This product responds to Nigerians’ increasing need for access to international and cross-border payment solutions for business and otherwise. Given the growing number of blocked, pending, or trapped funds, the timing of the Leatherback Virtual Dollar Card financial solution is perfect.

What is a Virtual Dollar Card?

Before discussing the Leatherback Virtual Dollar Card, let’s discuss what a virtual dollar card is, its function, its advantages, and why it is an ideal solution in today’s modern society.

A virtual dollar card has similar properties to a regular credit card issued by traditional banking institutions in Nigeria. The difference, however, lies in the virtual nature of the dollar card. It features randomly generated numbers directly linked to a credit account. These virtual numbers can be generated to execute transactions remotely from wherever you are.

Note that the virtual dollar card cannot be used to make physical, in-person purchases.

Payments are routed to the linked account and deducted from the available balance when transactions are charged through the Virtual Dollar Card. The difference, however, is that it is impossible to trace the virtual card number to the connected account.

Today, virtual dollar card adoption is increasing among individuals, and businesses are also getting involved in this trend. The virtual dollar card allows users to make remote purchases while enjoying absolute data security and privacy. Since these numbers become unusable after each transaction, criminals can’t hack you. As a result, the possibility of being defrauded is practically non-existent.

Since you can set spending limits on your dollar virtual cards, users can easily restrict what can be purchased online.

Fundamentally, virtual dollar cards help streamline expense and payment management.

How Can I add More Money to My Virtual Dollar Card?

To fund your virtual dollar card, you need to decide on the funding amount to be deducted from your original account. The amount you select is then transferred electronically to your virtual dollar card number.

Whenever you have a low balance on your virtual dollar card, you can easily top up through an electronic transfer from your regular account. Users are not required to withdraw physical cash from their accounts to top up their virtual dollar accounts.

Are Virtual Dollar Cards One-Time Use Only?

In over 90% of cases, a virtual dollar card number is limited to a single use. Once a number has been generated for a particular transaction, they are attached to an expiry time which may render the number unusable once this time is exceeded.

Once a purchase is completed through a generated number, the balance left will be reimbursed into the original account. Given the nature of the transactions on virtual dollar cards, they are more secure and impossible to clone. It is also the choice of users to generate a virtual number for a series of transactions before they expire.

How Easy is Virtual Dollar Cards to Use?

To use the Leatherback Virtual Dollar Card, users are required to download our app either on the Google Playstore for Android users or the Apple app store for iPhone/iPad users. Through the app, you will be allowed access to generate as many random card numbers as you need to complete transactions within a specified duration. Afterwards, users can assign spending limits on these virtual numbers.

For business owners, when needed numbers are generated, you can proceed to distribute them to your employees to complete digital transactions with your vendors or suppliers.

Where Can I Get a Virtual Dollar Card?

Virtual Dollar Card is one of the core services Leatherback offers to both returning and prospective customers to help them complete international or cross-border transactions. Most Nigerians experience difficulties making international payments. Leatherback offers this innovative solution to end the hassles of making international payments like Netflix subscriptions and online shopping.

Our Virtual Dollar Card offers solid business-friendly features that facilitate seamless business operation and purchasing experience in a secure environment. If you need credible, safe, and fast virtual dollar cards, Leatherback is your brand.

How Safe are Virtual Dollar Cards?

Virtual dollar cards are relatively safe and secure. Since virtual dollar card numbers cannot be traced back to an account or credit card, they remain the most credible and safest means to pay for products online. This is more critical if you are to pay a new or unfamiliar supplier or vendor. The amount to be deducted from your account will be the exact amount you authorized, and hidden charges on your account will be blocked.

Another additional security benefit users enjoy while using the virtual dollar card is that you are less at risk of theft in a case where you forget to use generated virtual card numbers.

Benefits of Creating a Leatherback Virtual Dollar Card

There are several reasons to set up a virtual dollar card account with Leatherback. Given the recent difficulties Nigerians face when trying to pay for goods and services online in dollars, the Leatherback Virtual Dollar Card is right on time. Undoubtedly, this online dollar payment solution will make completing international transactions on eCommerce websites and other global service platforms a more effortless experience.

Here are what the Leatherback Virtual Dollar Card brings and how it affects users’ experience when purchasing goods and services online.

Convenience

Convenience is a significant benefit of the Leatherback Virtual Dollar Card. The solution allows users to make quick and easy payments via their smartphones wherever and whenever.

Imagine completing transactions from the comfort of your home without having to pass around your cards: Nothing feels better. The mere prospect of not having to search for misplaced cards is almost enough to make anyone want to opt for this solution. The mobile element of virtual cards makes online shopping easier and protects users’ information.

Fraud Protection

While your virtual dollar and regular debit cards are linked to your main account, Leatherback’s virtual dollar cards protect sensitive information by limiting the amount shared online buying products. This sensitive information can be as critical as your Personally Identifiable Information (PII). The virtual dollar card solution from Leatherback protects users by using data tokenization and encryption technology to create a random sequence that can be used to make a single transaction.

Spending Controls

With Leatherback Virtual Dollar Card, you can create a spending limit and decide which vendors you want to pay. This User’s spending autonomy guarantees that employees spend business funds securely and in an informed and calculated manner. As a Leatherback user, you can choose the dates you intend to close your cards or create an automatic schedule to close them after a single use.

Subscription Management

Another feature Leatherback users enjoy is that you can easily manage your digital subscriptions (individual or business) through a single dashboard. Users who create virtual dollar cards for respective subscriptions will have a good overview of the charges incurred for services used. This helps users decide whether to continue with existing subscriptions or cancel their cards without affecting payment information for other vendors.

Try Leatherback Virtual Dollar Card for your Business.

Leatherback is a Nigerian Fintech that prioritizes users’ ease of transaction and safety while doing business online. Leatherback virtual dollar cards have zero international transaction charges, and users can use them for all available payment types.

Create an account with us today to set up your first Leatherback Virtual Dollar Card for business and/or personal use.

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Introducing Leatherback – A Fintech Brand Supporting Individuals and Businesses with Easy, Fast, & Secure Cross Border Payment