It’s easier than ever to shop from the comfort of your home. But, as online shopping grows, so does the need for secure yet convenient payment options.
This is where GoTyme Bank’s virtual card steps up to the plate, providing a digital banking solution that makes all the difference for online shopping. It facilitates secure online and in-app transactions. So, whether you’re stocking up your pantry, grabbing the latest fashion pieces or signing up for a new streaming service, you can rest assured your financial information is secure.
What are Virtual Cards?
Before we get into the nitty-gritty, let’s lock the basics down: what is a virtual card? Till now, you’ve relied on your physical card to pay when shopping for the longest time. You would use your physical card to swipe at the till or even pay online.
As technology advanced, virtual cards were also created to transform your shopping and banking experience. They provide a safer solution compared to physical debit or credit cards. In contrast to the plastic card that you keep in your wallet, a virtual card is only in digital form and has its own card number, expiration date, and CVV code. Same same, but different.
Because virtual cards are designed to live separately from your physical card, they’re perfect for online and in-app purchases and help keep your primary account safe. This means you don’t need to carry a bulky wallet, worry about losing your card, or risk it being skimmed at the till. Instead, it lives in your GoTyme Bank app, ready to use whenever you need it!
Reasons to love the GoTyme Bank Virtual Card
As one of the world’s fastest-growing digital banks, GoTyme Bank has designed its virtual debit card to be secure and convenient. And that’s not all! Here are more reasons you’ll love it:
- It’s free to activate and use – no hidden charges or fees.
- It won’t get lost or stolen as it lives in a digital form.
- You can continue shopping if you lose your physical bank card.
Even with a virtual card, you still have access to your physical card, because both cards provide access to your Current Account. In the event of a compromise, you can immediately lock your card from the app to prevent possible fraudulent transactions. Get immediate help and friendly customer service at 0860 999 119 for further assistance.
Set Up a Virtual Card on the GoTyme Bank App
Ready to get started? Sorting out your virtual card with GoTyme Bank takes no more than a few minutes, and the entire process is done in the GoTyme Bank app itself. This means no in-branch visit and no waiting for a card to arrive days later.
Existing GoTyme Bank customers can get their virtual card instantly approved in a few taps. Here’s how to set it up:
- Update your GoTyme Bank App: Ensure you have the latest version installed on your smartphone for a seamless experience.
- Log In: Open the app and sign in using your credentials.
- Navigate to the ‘Your Card’ section: Follow the prompts to get your virtual card activated.
- Activate and Shop: Once approved, your virtual card is ready to use instantly.
How to Use a Virtual Card
Ready to get started? Sorting out your virtual card with GoTyme Bank takes no more than a few minutes, and the entire process is done in the GoTyme Bank app itself. This means no in-branch visit and no waiting for a card to arrive days later.
Your GoTyme Bank virtual card works just like any other bank card online, but with an extra layer of protection. Let’s say you are looking for a pair of winter boots from your favourite retailer. Here’s how it would work at checkout:
- Choose your Payment Method: Select ‘Credit/Debit Card’ as your payment option.
- Enter your Card Details: Input your virtual card’s 16-digit number, expiration date, and CVV code, all in the GoTyme Bank app.
- Authorise the Transaction: If prompted, enter the one-time password (OTP) sent to your registered phone number and confirm the purchase.
Tips to get the most out of your GoTyme Bank Virtual Card
To truly maximize the benefits of your GoTyme Bank virtual card, try these practical tips tailored to smart online shopping:
- For an added layer of security, make your subscriptions to Netflix, Spotify, etc, easier by linking your virtual card.
- Stay in the know and switch on notifications in the GoTyme Bank app to get instant alerts for every purchase, helping you track spending and spot anything unusual.
- Use your virtual card when buying on unfamiliar websites, especially if it’s a once-off purchase. This will help reduce the risk of storing sensitive details across multiple platforms.
- Planning to order from an overseas site? Your GoTyme Bank virtual card works on websites or apps that accept Visa cards.
Can you use your card in person?
You can use a virtual card to make payments in physical stores by adding it to a digital wallet like Apple Pay or Google Pay. This enables contactless payments at any store that accepts mobile payment methods. To buy your next item in person, you can activate Samsung, Google, and Garmin Pay on the GoTyme Bank App.
Secure your transactions with a GoTyme Bank Virtual Card
Where GoTyme Bank’s virtual card really shines is security, thanks to its numerous layers of online transaction security. How it protects your money:
- Unique card details: Your virtual card has its own number, distinct from your physical card, so your main account stays shielded from online risks.
- Lock and unlock: Through the app, you can lock your virtual card when it’s not in use and unlock it only when you’re ready to shop, giving you total control.
- Real-time notifications: Get instant notifications for every transaction, allowing you to monitor activity and act quickly if something looks off.
- OTP verification: For added security, certain purchases require a one-time password sent to your phone, ensuring only you can authorise them. Remember, never share your OTP with anyone.
Open a GoTyme Bank Account today
Now, you can enjoy secure shopping and convenience at your fingertips. Are you ready to elevate your shopping game with GoTyme Bank’s virtual card? If you are not a customer, you can open your new GoTyme Bank account in under five minutes. The GoTyme Bank app provides seamless transactions, a bank account with no monthly fee, and double Smart Shopper points. Download the GoTyme Bank app or open an account online to activate these benefits.
All you’ll need is:
- A South African identity number
- A valid South African mobile number
- Be aged 16 or over
Experience convenience and peace of mind in one package – banking has never been this simple! Virtual cards allow you to continue shopping online without sharing any sensitive information. It makes tracking your spending and managing your finances a lot easier. Best of all, you can generate and utilise this right from your smartphone instantly for hassle-free shopping.
Get your GoTyme Bank account and start making smarter shopping decisions today.