Virtual Prepaid Mastercards
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.
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 customers card.
- 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 customers 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
Get in touch
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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?
You can use a virtual Mastercard in store. However, the merchant must accept contactless payments.
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.
Can I use my virtual Mastercard to withdraw cash?
No, you cannot use your virtual Mastercard to withdraw cash.
Can you shop online using a prepaid Mastercard?
Yes. You can use the details on your card to make purchases through online payment portals.
Are virtual Mastercards accepted by most online retailers?
Yes. Virtual prepaid Mastercards are accepted anywhere that regular Mastercards are.
Need more information?
If you’d like to learn more about virtual prepaid Mastercards and how they can be an asset to your business contact us today.
Simpler, faster digital payments technology
Vault Payment Solutions is revolutionising the way you connect with consumers.
- Acquire new customers
- Retain current customers
- Reward staff
- Capture rich data and lift product engagement
- Increase basket size and drive repeat purchases
Innovate with Vault Payment Solutions! Our team of inventors and technologists set out to provide Australia’s businesses with the means to innovate.