Paysafe's Skrill USA launches Skrill Virtual Visa Prepaid Card

Thursday 20 May 2021 11:35 CET | News

Paysafe has announced that the Skrill USA digital wallet has unveiled a virtual version of its existing Skrill Visa Prepaid Card.

According to the press release, Skrill USA’s latest product innovation offers US-based consumers a fully digital payments solution which can be activated instantly to spend their Skrill balance online wherever Visa is accepted. With the majority of US and international ecommerce sites supporting Visa card payments, the Skrill Virtual Visa Prepaid Card, which is issued by the Community Federal Savings Bank (CFSB), allows Skrill USA customers to shop online almost anywhere. 

Providing an alternative to the physical CFSB-issued Skrill Visa Prepaid Card, launched in January 2020, the new virtual card involves a streamlined application process (users’ first application is also free), and can be activated in their account within seconds.Once activated, users can shop online immediately. All card details are instantly displayed within their Skrill account, with no need to wait for the solution to be physically delivered. 

Similarly, unlike a physical card, which can be mislaid or lost requiring replacement delays, the Skrill Virtual Visa Prepaid Card remains constantly accessible until customers choose to lock or deactivate it, which can be done within seconds.

Furthermore, while a customer incurs no transaction fees when shopping online using the Skrill Virtual Visa Prepaid Card, they do earn points for each payment under the Skrill Knect loyalty programme. Each USD spent online using the virtual card earns a Skrill user one Knect point. Points are redeemable for cash above the 5,000 Knect-point threshold as well as other rewards.  

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Keywords: Paysafe, product launch, virtual card, prepaid card, e-wallet
Categories: Payments & Commerce | Cards
Countries: United States
This article is part of category

Payments & Commerce