Virtual Mastercard
What is a Virtual Mastercard?
A Virtual Mastercard is a digital-only payment card. It has a unique 16-digit card number, expiry date, and CVV code—just like a physical card—but it lives on your phone or computer rather than in your wallet.
Where can I use my virtual card?
You can use it anywhere Mastercard is accepted online or in-app. If you add it to a mobile wallet like Apple Pay or Google Pay, you can also use it for “tap-to-pay” at physical stores.
Does it work for international payments?
Yes! Your virtual card works globally across the Mastercard network.
Is it safer than a physical card?
Absolutely. Since there is no physical plastic, it can’t be skimmed or stolen. Plus, you can “freeze” the card instantly in the Zipay app if you notice suspicious activity.
How to Use
- Viewing Details: Log into your account, go to ‘Cards’, and tap your card. You may need to provide your PIN or biometric ID (FaceID/Fingerprint) to reveal the full number and CVV.
- Topping Up: Your card is linked directly to your Zipay account. As long as you have funds in your main account, your card is ready to use.
- Refunds: Refunds work exactly like a physical card; the merchant processes it back to your original account even if the card number has been refreshed.
Fee Schedule (Table Block)
|
Category |
Item |
Fee / Limit |
|
Setup |
Card Issuance Fee |
$5.00 |
|
Issuing Countries |
USD: USA / EUR: Hong Kong |
|
|
Maintenance |
Monthly Service Fee |
$1.00 |
|
Funding |
Minimum Top-up |
$25.00 |
|
|
|
|
|
Spending |
Domestic Transaction Fee |
$0.50 |
|
Max Single Transaction |
$5,000.00 |
|
|
Exchange Fee |
$0.50 + 2% |
|
|
Adjustments |
Decline Fee |
$0.50 |
|
Refund Fee |
$0.50 |
Important Notices (Callout Box)
- Currency Choice: You can choose to issue your card in either USD or EUR.
- Avoid Decline Fees: Always ensure your card has a sufficient balance, including the $0.50 transaction fee, before making a purchase to avoid the $0.50 decline fee.
- Cross-Border Payments: Paying in a currency different from your card’s base currency will incur an exchange fee of $0.50 + 2%.
