The concept of online shopping has increased by many folds in the recent years, and it is an integral part of the global economy. Many people, though, still cannot shop online due to restrictions placed on them based on their location. Namely, many people cannot order products from certain websites because their country is not supported by that site’s shipping services, or perhaps their bank still does not support online payments.
It is also worth mentioning that there are plenty of risks while using it online, but it is safe as long as you are using it on verified websites.
UBL is a pioneer of Internet Prepaid Card in Pakistan as per my knowledge with Wiz Internet Card now they are jumping into Virtual Prepaid Card with Wiz Virtual Prepaid Card. Wiz Virtual Card is similar to Easypaisa virtual debit card which is the same thing.
What is a Virtual Prepaid Card?
A virtual prepaid card has the same functions of a physical prepaid card except that you can only use them for online purchases and phone orders. Since they are designed for online purchases and phone orders, you can’t use them at retail stations for POS purchases. However, these cards facilitate the customer’s online shopping experience by making it safer and more convenient for them to make purchases. The Wiz Virtual Prepaid Card is powered by MasterCard and works at any online store or payment portal which accepts it.
Using the Virtual Prepaid Card, you won’t need to share your debit or credit card information online every time you have to make a payment. You can get up to 5 virtual prepaid cards at a time.
How to Get UBL Wiz Virtual Prepaid Card
All You need to have is a UBL bank account to create a virtual prepaid card. Here is How you can Get UBL Wiz Virtual Prepaid Card:
- Log into UBL Netbanking (you need to register yourself for it)
- Dial 111-825-888 and request a Wiz Virtual Prepaid Card
After your card is created, you will receive an email and SMS with Virtual Card Number, VCC, and Expiry date.
Charges and Card Limits
You will be charged Rs. 300+FED for creating a virtual prepaid card. If you make an international transaction, you will be charged 4% of your transaction in USD or PKR. If you use any other currency, you will not be charged the fee.
Reloading the virtual card is free.
In case your payment is declined or rejected, you will be fined:
- Rs. 5 on a local transaction.
- Rs. 35 on an international transaction.
Base limit of UBL Wiz Virtual Prepaid Card is 100,000 PKR per year if you are biometrically verified at UBL this limit will be increased to 500,000 PKR annually.