The benefits of virtual debit cards
Virtual payment cards and virtual debit cards are considered to be the most universal payment method among modern businesses. Virtual card is an electronic payment technology that allows the transfer of funds between accounts. The main advantage of virtual card technology is its simplicity in use.
Virtual debit cards are a new payment method that allows your customers to pay for their goods or services at an existing checkout terminal. It is simple, convenient and easy to use. Even if you do not have a physical store, you can still accept payments by accepting virtual cards. There are no merchant fees involved and transactions can be made on the go through your online business.
Virtual debit cards simplify payment and improve oversight over your business’ money. With virtual cards, you can assign them to specific suppliers or vendors. Changes and adjustments to expenses made with virtual cards are automatically processed, labelled, and accounted for in the system. This allows you to view all your transactions regularly and accurately. Virtual Debit Cards are a secure and easy way to pay on the go. They give you total flexibility with instant access to cash, both online and in-store. You can use them over the phone or online and they are accepted at thousands of locations across the UK, including major chains and independent retailers.
Wamo is a fintech company founded in the UK and we offer businesses the opportunity to use virtual debit cards in many countries. With our innovative technology, we offer many advantages over other service providers.