Understanding How To Correctly Buy A Virtual Card On Peerwalllet

 

Virtual Card on Peerwallet is unique because as a user you're able to create a virtual card from different merchants on the platform. How it works is that different approved merchants come on Peerwallet to integrate their virtual card services and they offer their virtual card for different regions, and different currencies depending on the kind of licenses they've gotten to issue that particular virtual card. On Peerwallet there are varieties of options a user can choose when selecting a merchant for virtual card services. Some merchants offer their services to limited customers, and some are regulated by different bodies to create their virtual cards for a particular set of customers in a particular region. Check the marketplace to see which particular merchant suit your region and your KYC type.

 

KYC

Peerwallet does not share KYC detail with merchants because of privacy. Sometimes, a merchant will require extra KYC as required by their issuing banks or platforms. If you're okay with the KYC detail being required by a particular merchant, you can go ahead in providing the KYC details for that particular virtual card, if not you can scout through other merchants offering virtual card services for your region.

 

 

 

The first step is to navigate to your dashboard, go to your marketplace and click on Virtual card https://peerwallet.com/map/vcardsThis is the sample page, several merchants are appearing here but this is a demo page.

 

 

 

 

 

 

 

Click on Buy. 

 

 

 

 

  

 

 

To Explain Some Of These Details:

 

 

Card Type: This can either be Virtual or Physical.

 

 

Card Issuer: This is the issuer of the particular card, this could be master, visa, etc

 

 

Default Currency: This is the default currency for the card this is different from the currency set on your account.

 

Card Amount: This is the amount charged on a card

 

 

Card Monthly Maintenance Fee: This is the amount that you will be charged monthly on the card.

 

 

Loading Fee: This is the amount that will be charged while loading your card.

 

Minimum Loading Fee: This is the minimum amount that can be charged while loading your card.

 

 

Minimum Load: This is the minimum amount you can load per time.

 

 

Maximum Load:  This is the maximum amount you can load per time.

 

 

Total Accumulation Load: This is the total amount of load you can load on your card.

 

 

Restricted Countries:  Merchant has access to restricting some countries from loading their cards. Countries that are selected here won't be able to load their card.

 

 

Restricted Currencies: Due to some countries' policies on their currencies, merchants tend not to accept some currencies. Selected currencies here won't be able to load their card.

 

 

Custom Name Allowed: If the option here is YES, then your custom name will be on your card.

 

 

Custom Address Allowed: If the option here is NO then, the merchant will create an address for you.

 

 

Trades: This is the total rating a merchant has.

 

 

 

 

 

 

 

 

 

 To Explain Some Of These Details:

Amount: This is the amount you're loading. Imagine you are loading $10, Peerwallet fee will be 0.1%

 

Peerwallet Fee: This is the rate Peerwallet will be charging and it is determined by the amount you are loading.

 

 

Loading Fee:  This is the amount that will be charged for loading an amount.

 

 

Amount to pay: This amount is the amount you will be paid in Euro. It is the accumulation of the loading fee, card amount, and Peerwallet fee.

 

Additional Information:  This is the additional information required by the merchant. Once you are pleased with all the information required and you have provided them correctly you can then proceed to accept the terms and conditions. Click on Purchase New Card.