A Comprehensive Review of PayDay Virtual Dollar Card

What is PayDay Virtual Dollar Card?

PayDay dollar card is a digital debit card that you can create and use on the PayDay app. It is linked to your PayDay wallet, where you can hold value in multiple currencies (USD, GBP, EUR, RWF), though availability may depend on your country and account type. You can use your PayDay virtual card for online transactions anywhere Mastercards are accepted. You can also use it to receive payments from your employers, clients, social media platforms, and other businesses directly to your own foreign account without hidden fees.

Read More: 12 Virtual Dollar Cards in Nigeria for Online Payments

How to Get PayDay Virtual Dollar Card in Nigeria?

The process to get a PayDay virtual dollar card now runs through Changera. If your region is supported, you may need to migrate your PayDay account into Changera and follow the card creation steps in the Changera app. If active in your area, the usual setup (download, ID verification, fund wallet, create card) applies. Check inside-app or on PayDay’s support page to see if the feature is currently enabled for you. Here are the steps to follow:

• Download the PayDay app from the App Store or Play Store.
• Sign up with your phone number and email address.
• Verify your identity by uploading a selfie and a valid ID card.
• Create your PayDay $tag, which is a unique username that you can use to send and receive money on the app.
• Fund your PayDay wallet by linking your local bank account or card, or by receiving money from another PayDay user.
• Tap on the “Cards” tab on the app and select “Create Card”.
• Choose the currency and amount you want to load on your card.
• Enter a name for your card and confirm the details.
• Your PayDay virtual dollar card will be generated instantly and ready to use.

Read More: How To Register Your Business Name And Company in Nigeria

How to Use PayDay Virtual Dollar Card?

You can use your PayDay virtual dollar card for various online transactions, such as:

• Shopping on e-commerce platforms like Amazon, AliExpress, Jumia, etc.
• Subscribing to streaming services like Netflix, Spotify, YouTube Premium, etc.
• Paying for online courses, webinars, software, etc.
• Booking flights, hotels, car rentals, etc.
• Sending money to friends and family abroad
• Receiving money from foreign employers, clients, platforms, etc.

To use your PayDay virtual dollar card, you just need to enter the card number, expiry date, CVV code, and name on the checkout page of the website or app you are using. You can also view your card details and transaction history on the PayDay app.

Read More: Why Responsive Website Design is Crucial for Your Business in Nigeria

Benefits of PayDay Virtual Dollar Card

PayDay virtual dollar card offers many benefits for users who want to access global financial services. Some of the benefits are:

• Convenience: You can create and use your card anytime and anywhere with just a few taps on your phone. You don’t need to visit a bank branch or fill out any paperwork.
• Flexibility: You can create multiple cards in different currencies and load them with any amount you want. You can also delete or freeze your cards at any time if you don’t need them anymore or if they are compromised.
• Savings: You can save money on exchange rates and transaction fees by using your cards in their native currencies. You can also avoid hidden fees and charges by receiving money directly to your foreign accounts.
• Security: You can protect your cards with biometric authentication and PIN codes. You can also monitor your spending and get instant notifications on your phone. You can also report any suspicious activity or dispute any transaction on the app.

Read More: Complete Guide: The Cost Of Building a Website in Nigeria

Fees for PayDay Virtual Dollar Card

The fees listed below were reported earlier, but may no longer apply or may vary depending on service status. If the virtual dollar card is active again in your region, these are typical expected charges:

• Card creation fee: $5 per card
• Card loading fee: 1% of the amount loaded
• Card spending fee: 0% for transactions in the same currency as the card; 2% for transactions in a different currency
• Card deletion fee: $0
• Card maintenance fee: $0
• Wallet funding fee: 0% for transfers from another PayDay user; 1% for transfers from a local bank account or card
• Wallet withdrawal fee: 1% of the amount withdrawn
• Wallet exchange fee: 0% for swaps between USD, GBP, EUR, and RWF; 2% for swaps between other currencies
• Wallet transfer fee: 0% for transfers to another PayDay user; 1% for transfers to a local bank account or card

You can find more details about the fees on the PayDay app or website.

Security of PayDay Virtual Dollar Card

PayDay virtual dollar card is safe and secure to use. PayDay uses advanced encryption and security protocols to protect your personal and financial information. It is also regulated by the Central Bank of Nigeria (CBN) and the Financial Conduct Authority (FCA) in the UK. PayDay also complies with the Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR). Some of the security features of the PayDay virtual dollar card are:

• Biometric authentication: You can use your fingerprint or face ID to unlock your app and access your cards.
• PIN code: You can set a four-digit PIN code to secure your cards and transactions.
• Card freezing: You can freeze your cards temporarily if you lose your phone or suspect any fraud. You can unfreeze them anytime on the app.
• Card deletion: You can delete your cards permanently if you don’t need them anymore or if they are compromised. You can create new cards anytime on the app.
• Transaction alerts: You can get instant notifications on your phone for every transaction made with your cards. You can also view your transaction history and balance on the app.
• Customer support: You can contact the PayDay customer support team via phone, email, or chat if you have any questions, issues, or feedback. They are available 24/7 to assist you.

Conclusion

Because PayDay has been acquired and integrated into Changera, availability, account migration, and access to funds may vary. Users should verify their status in the Changera app and review migration notices.

PayDay virtual dollar card is a great option for anyone who wants to enjoy the benefits of neobanking and global financial services. It is convenient, flexible, affordable, and secure. It allows you to send and receive money globally, pay for your online purchases, and own multiple global accounts in your name. You can get started by downloading the PayDay app and creating your first card today.