Paysafe announces Skrill Virtual Visa Prepaid Card in US

P

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

Skrill USA’s latest product innovation offers US consumers a fully digital payments solution that can be activated instantly to spend their Skrill balance online wherever Visa is accepted. With the majority of US and international e-commerce sites supporting Visa card payments, the Skrill Virtual Visa Prepaid Card 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 applications are 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.

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 dollar 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.

The launch of the Virtual Visa Prepaid Card is Skrill USA’s latest move to strengthen its solution for US consumers. In March, Skrill USA unveiled its cryptocurrency offering, allowing US customers in 37 states and territories to buy and sell cryptocurrencies, after launching Skrill Money Transfer, a digital remittance solution, in 2020.