Home Business The Benefits of Virtual Prepaid Mastercard and Debit Cards

The Benefits of Virtual Prepaid Mastercard and Debit Cards


Joker Prepaid Mastercard - Cardholder Agreement 533985

A virtual prepaid Mastercard is much like a regular Mastercard minus the plastic. Instead of receiving a physical card by mail in the mail you are sent an electronic code via SMS and uses the same vault program as a regular Mastercard. Once activated, this card can then be added to your existing phone’s digital wallet (e.g. Apple Pay or Samsung Pay) and subsequently used at any place that accepts contactless payments. Here are some advantages to this type of card.


The biggest advantage of these types of cards is their ease of use. They are very similar to traditional plastic-based cards, except for the fact they are not attached to a bank account. Instead of having to write down large checks, you make your purchase directly from your purse, wallet, or credit card. 


You can use the joker mastercard for online purchases as well as making purchases at brick and mortar stores. Because there are no checks, no waiting period, and no additional fees, these cards are very popular especially for those who frequently make online purchases.


Another advantage to the virtual prepaid Mastercard is that it has no activation fee. This means that all transactions are free. You never have to pay the activation fee, which most times is either one of a small number of dollars or one of three hundred Korean won. 


This is beneficial to those travelers that often use their card abroad and often expect to receive a check in the mail. These cards are perfect for these individuals since they do not have to pay the additional fee just to get their card back once they have sent it overseas. Because there are no activation fees, these cards are ideal for frequent travelers that spend money frequently.


The virtual prepaid Mastercard works the same way as the real thing. You load your card with funds by going to one of the many retail stores that offer this service. When you visit the store, you will be given a unique code to insert on your card. This code is what allows the store to send you funds. Since you are not loading funds on your card with cash, there is usually no need to pay sales tax either. These types of cards are not linked to an actual bank account and therefore they cannot be used to withdraw cash.


When you use the virtual prepaid Mastercard, you can load funds into your card whenever you need them.  


This extra work can be inconvenient since most stores only take cash. Many travelers like this feature since they don’t have to worry about remembering to write a check and lose it. 


Aside from the convenience of not having to write a check or deal with extra fees, there are other advantages to virtual credit cards. Because you do not have to provide any real card information to the store, you do not have to worry about having to provide a lot of personal information. 


All transactions are conducted solely online. Even the balance and minimum monthly fee are handling securely online. There is also no need to wait in line for a customer service phone call since everything is handled electronically.



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