Guides and tips

April 26, 2022

Klasha virtual dollar card; spend internationally with ease

Online businesses and technology advancements are working side by side to improve user experience, especially as it concerns simplified checkout and payment methods. One such offering that has become prominent since its inception is the virtual card. 

According to Forbes, virtual credit or debit cards at your business can help you eliminate the need to draft cheques. In addition to fraud prevention, using virtual payment methods also helps to save time and money. As of 2020, around 67% of merchants accept contactless payments, making virtual shopping easy, especially amid the Covid-19 pandemic. Since the launch of Klasha’s virtual dollar card a year ago, there has been a steady increase in the use of our virtual cards for local and international transactions without hassle, thereby simplifying cross-border payments for African consumers. 

Here are some of the reasons why the Klasha virtual dollar card is the top choice for online transactions:

Safe and secure

Security of personal details and fraud prevention are essential features to keep in mind when shopping online. You have no reason to worry about scammers accessing your information with our virtual dollar card. As a PCI-DSS and ISO 27001 compliant company, we have secure information management systems to protect you and your finances when you use any of our solutions.

Lower exchange rates

Klasha has taken steps to provide seamless cross-border payments for Africans by providing low exchange rates. Our users enjoy lower exchange rates for all international online transactions compared to industry standards. One fact is inevitable: your funds will have more value on the Klasha virtual dollar card with our lower exchange rates. 

High spending limits

Since the circular from the Central Bank of Nigeria (CBN), dated 13 April 2015, made the rounds, announcing the reduction of the international spending limit from $150,000 to $50,000 per person per annum, the dollar spending limit for users has constantly been reducing. In 2022, some traditional banks have reduced the monthly spending limit from  $100 to $20, while some temporarily suspended the use of cards for international online transactions.
With the Klasha virtual dollar card, you can visit your favourite virtual stores and have a great shopping experience without worrying about these limits. The spending limit on the Klasha virtual dollar card is $5,000, and the most fantastic part is that you can create two cards via the app.

The Klasha app is available on iOS and Android. Feel free to reach out to us if you have any questions.

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