Virtual cards work just like credit cards except there is no interest due on outstanding balances. The cards are funded with value and the cardholder can use the card up to the prepaid limitA reloadable virtual MasterCard or Visa card issued by Transact Network can be funded instantly through personal credit , debit card , or an e-money voucher as well as many other payment means and can be used instantly online anywhere MasterCard or Visa is accepted.
Transact network issues a 16 digit card number as well as an expiry date and a CVC code in real time.
The virtual card is then ready for use and can be used anywhere MasterCard or Visa cards are accepted online. It's safe and private and gives you control over your spending.
Optionally the card holder can upgrade the account with us to a physical MasterCard or Visa card .