Virtual Credit/Debit card

[rrr2015]

is anyone using Virtual Credit/Debit card (e.g revolut)?
can share your opinions? thanks!

 

[BBCWatcher]

Everybody with Singtel’s Dash is doing that, right?

 

[rrr2015]

ah really? thanks … will look at that option. i thought dash all about making payment with QR codes or Nfc phone (i don't even have nfc phone).

so we can use dash to make payment online in foreign currency as well?

 

[iduncheckmail]

Think you can try youtrip. Heard it’s a virtual card w foreign exchange at favourable rates

 

[BBCWatcher]

Or you can get any credit or debit card, load up the card details in your mobile wallet (if applicable), write down all the card details in a well protected place, then toss the physical card in the plastic recycling bin, preferably after cutting it up. And then you have only a virtual card.

....I don't really understand the point of this question, in other words.

 

[nekoarc]

ah really? thanks … will look at that option. i thought dash all about making payment with QR codes or Nfc phone (i don't even have nfc phone).

so we can use dash to make payment online in foreign currency as well?

What's your reason for wanting a virtual account anyway? Set up free trials for overseas things so they can't overcharge u? i.e. generate a new card number for each purchase to protect yourself from fraud? None of the cards in SG provide this service yet.

 

[BBCWatcher]

Ah, you're asking about what Revolut calls "Disposable Virtual Cards," what are also known as Virtual Account Numbers (VANs), Virtual Card Accounts, and temporary credit card numbers, aren't you? A virtual account number is a set of separate card details that you generate for use in card-not-present transactions (online, telephone), with a separate (lower) limit. You then use those card details with a specific merchant that you might not fully trust to handle your card details carefully enough.

If that's what you're asking, nekoarc is technically correct (no 15 or 16 digit full VANs in Singapore), but there is one card that comes close. Matchmove offers a virtual Mastercard in its myWallet mobile app that can generate a unique Card Verification Code (CVC) for each online or telephone transaction. The CVC is the 3 digit security code normally printed on the back of your card on the right side of the signature strip. Dynamic CVCs help keep your account secure, and there's also the fact that you can avoid keeping a balance in your Matchmove account until just before you need to spend the funds.

That said, please review Matchmove's fees and charges carefully. You might not like them.

 

[budgetmillennial]

Think you can try youtrip. Heard it’s a virtual card w foreign exchange at favourable rates

I used YouTrip for my JB Korea trips, exchange rates were spot-on... They have 150 currencies as advertised. They even have the option to "turn-off" the card, in case misplace or simply want to be more cautious with purchase. Can try if you haven't. Operations are also based in Singapore I think, unlike Revolut.

 

[kjke1986]

Ah, you're asking about what Revolut calls "Disposable Virtual Cards," what are also known as Virtual Account Numbers (VANs), Virtual Card Accounts, and temporary credit card numbers, aren't you? A virtual account number is a set of separate card details that you generate for use in card-not-present transactions (online, telephone), with a separate (lower) limit. You then use those card details with a specific merchant that you might not fully trust to handle your card details carefully enough.

If that's what you're asking, nekoarc is technically correct (no 15 or 16 digit full VANs in Singapore), but there is one card that comes close. Matchmove offers a virtual Mastercard in its myWallet mobile app that can generate a unique Card Verification Code (CVC) for each online or telephone transaction. The CVC is the 3 digit security code normally printed on the back of your card on the right side of the signature strip. Dynamic CVCs help keep your account secure, and there's also the fact that you can avoid keeping a balance in your Matchmove account until just before you need to spend the funds.

That said, please review Matchmove's fees and charges carefully. You might not like them.

Thanks for this. Not sure if anything has changed since you last mentioned this but has anyone on the market started offering "Disposable Virtual Cards" that Singaporeans can sign up for?