I pay with my phone,
don't you?
NET1 VIRTUAL CREDIT CARD is a payment solution company created in 2009 to address consumers evolving needs, trends and concerns by creating safe, convenient and flexible mobile payment solutions for everyone.
We use a proprietary processing technology to create value to issuers, mobile operators, consumers and merchants, while leveraging the existing payment networks.
Based in Dallas, Texas, NET1 VIRTUAL CREDIT CARD, Inc is part of Net1 UEPS Technologies, Inc (Nasdaq UEPS) group. Net1 is the leading provider of secure and affordable transaction channels between formal business and un-banked and under-banked individuals. To find out more about Net1 visit our website at www.net1.com.
Use your mobile phone to create virtual payment cards
Net1 has developed an innovative payment engine that enables any mobile phone to securely create a different card number, expiry date and security code each time a consumer makes a remote transaction (Card-Not-Present). Mobile virtual cards are used like traditional plastic credit cards. But as soon as the transaction is authorized, the generated card number expires immediately.
We use a proprietary processing technology to create value to issuers, mobile operators, consumers and merchants, while leveraging the existing payment networks.
Based in Dallas, Texas, NET1 VIRTUAL CREDIT CARD, Inc is part of Net1 UEPS Technologies, Inc (Nasdaq UEPS) group. Net1 is the leading provider of secure and affordable transaction channels between formal business and un-banked and under-banked individuals. To find out more about Net1 visit our website at www.net1.com.
Use your mobile phone to create virtual payment cards
Net1 has developed an innovative payment engine that enables any mobile phone to securely create a different card number, expiry date and security code each time a consumer makes a remote transaction (Card-Not-Present). Mobile virtual cards are used like traditional plastic credit cards. But as soon as the transaction is authorized, the generated card number expires immediately.
Why do I need a virtual card?
Do you feel uncomfortable giving away your card number online?Do you ever leave your house without your phone?
We started our groundbreaking payment service with this in mind. We wanted anyone to be able to pay for anything, anywhere, anytime, simply by using their phone.
How is this different from a traditional credit card?
A virtual card is like a traditional plastic card, only better. It allows you to create a new card number for every purchase. Virtual cards eliminate the need for yet another plastic card. Simply the safest way to pay.
Why is this the safest way to pay?
With virtual cards, you will never be a victim of identify theft. We do not use any personal information to create card numbers. The application is PIN protected and creates cards without requiring internet access. And of course, we never use the same card number twice! Absolute peace of mind.
Do I need a bank account?
No. You just need your phone. The service is prepaid, so there is no risk of going into debt. We create a virtual account linked to your phone number. We offer multiple ways of loading funds into your account: cash, reload pack, bank transfer and direct deposit.
So, this is a payment app on my phone?
It is not only a payment app, but also a full mobile banking solution. You can check your balance, view your transactions, locate the most convenient loading provider (remember, this is a prepaid service) and even send a gift card to anyone that has a phone. It is available on Android, iPhone and Blackberry phones. You can use it anywhere debit MasterCard is accepted.
What does Net1 offer?
Net1 is a one-stop-shop for full, white label, prepaid virtual program management, including:★ payment processing/settlement
★ loading partner networks (cash, bank transfer, direct deposit, reload pack)
★ customer service in both English and Spanish
★ branded phone app and customized self-care website
★ payment network membership and compliance
In essence, you market it and we run it for you.
MetroPCS Virtual Prepaid MasterCard™
In 2010, Net1 and MetroPCS launched the first worldwide VCpay service. VCpay is now available on all MetroPCS Android and Blackberry phones. There is no credit card bill to pay at the end of the month, no late fees, no risk of going into debt. This is by far one of the cheapest prepaid card programs available!MetroPCS Virtual Cards are issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. Virtual Cards are administered by Net1 Virtual Credit card, Inc. Net1 Virtual Credit Card, Inc is a Member Service Provider ("MSP") pursuant to an agreement with The Bancorp Bank. The Bancorp Bank; Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated. VCpay is a registered trademark of Net1 Virtual Credit Card, Inc. For more information, please visit www.metropcs.com/vcpay
The value
★ End user: a new and safe way to pay that is a great alternative to a bank account or a PayPal account★ MetroPCS: a branded churn-reducing payment app available to their wireless subscribers
★ Merchants: non-repudiation of transactions, thus eliminating costly fraudulent chargebacks
★ Issuer Network: fraud reduction with no impact on the payment infrastructure
What are Prepaid Cards
Network branded prepaid cards are relatively new, but incredibly useful financial tools for millions of Americans. Network branded prepaid cards provide consumers, businesses and governments with the efficiency, security and flexibility of digital payments through a non-credit payment option. Most network branded prepaid cards benefit from broad acceptance, as they can be used anywhere the card brand is accepted and they provide the end user security against fraud and theft.While these cards work like traditional debit/credit cards and offer many of the same fraud and loss protections, they access funds pre-paid for the cardholder that have been loaded by another consumer (as a gift), by government for benefits, and by employers for payroll, rewards/incentives, or health benefits. As a non-credit payment tool, they help the users control their budget.
Today, millions of Americans use network branded prepaid cards for the choice and protection they provide, including the estimated 40 million un-banked or underbanked who would not otherwise have a way to participate in our card-based economy, parents of college-aged students who want a safe and secure way to give money without the risk of running up debt, and recipients of government benefits who need an efficient way to receive their child support payments, food stamps or unemployment payments.
How Prepaid Cards Work
For the consumer, the cards work like traditional debit/credit cards.A consumer can take a prepaid card to their favorite store or online retailer and use it just like they would a regular credit or debit card. They can also use the card to pay bills, book airline tickets, rent a car, buy dinner, etc.
The cards offer the same fraud and loss protections as any credit or debit card, but with one big difference: the funds on the card are pre-paid (by the consumer, business or government on their behalf).
Prepaid cards help the consumer control their budget and avoid interest charges, running up debt and overdraft fees.
Privacy
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Subject to that which appears below and the Terms of Use of this website, Net1 shall in its discretion take care to safeguard information relating to you which you divulge and keep it secure.
Upon visiting and using the website Net1 may collect and require certain information relating to you and/or your visit ("information"), which Net1 may use and disclose in such manner as it deems appropriate, including transmission to associates, suppliers and customers in any country.
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Copyright © 2011 Net1 Virtual Credit card, Inc.
Legal
"Net1" shall mean Net1 Virtual Credit card, Inc. and "website" shall mean this website.Net1 may from time to time amend these Terms of Use. Your use of this website is subject to these Terms of Use and any other conditions contained in this website, such as the Privacy Policy. By accessing or using this website, you are deemed to have agreed to such use because such use is subject to your agreement as aforesaid.
You acknowledge that all rights in and to the information contained on this website, including all intellectual property rights (including copyright) contained in such information, shall at all times vest in Net1 and no rights thereon are conferred upon you or third parties. You expressly agree not to reproduce or copy the information on this website. Further, you shall not create any links to this website from anywhere else, without the express written consent of Net1.
This website and the information on it is provided "as is" and Net1 makes no representations or warranties of any nature in relation thereto. Further, Net1 shall attract no liability or loss or damages of any nature, howsoever arising, which you or third parties may suffer as a result of the content of this website or as a result of your or third parties’ use of the website (including the placing of reliance on the accuracy or veracity of the information contained on this website). You indemnify Net1 accordingly.
Should you post or place anything on this website or do anything in connection with or relating to this website, which is contrary to law or public interest or may give rise to a claim, you indemnify and hold Net1 harmless against any expense, loss, damage or liability of any nature and howsoever arising which Net 1 may suffer as a result.
These Terms of Use are the whole agreement between Net1 and you in relation to your use and visitation of this website. No other representation or warranty of any nature shall apply. No indulgence by Net1 shall constitute a waiver of rights or estopp Net1. Net1 only may cede or assign its rights and obligations in terms hereof. Should any provision or term contained in these Terms of Use or elsewhere in this website, be declared by a court of competent jurisdiction to be illegal or unenforceable in any jurisdiction, then such provision only shall be severed from these Terms of Use and the remaining Terms of Use shall continue to be enforceable and effective.
