International subscriptions have become increasingly popular today, allowing Nigerians access to a wide range of digital content. These include streaming services, online courses, and software subscriptions. Unfortunately, the restriction on the Naira card means that Nigerian find it difficult to pay for these international subscriptions.
With Bitmama virtual card, however, limitless transaction is possible, enabling Nigerians to pay for their subscriptions and spend as much as they desire.
What is the best way to pay for your international subscriptions in Nigeria?
The best way to pay for your international subscriptions in Nigeria is through the use of virtual cards. Virtual cards, like Bitmamas’, allows users to spend their crypto and pay for Dollar transactions online without limit.
Understanding virtual cards
A virtual card is a kind of payment method that is virtual instead of physical. It has similar functions as a conventional debit/credit card but in the form of a 16-digit number and three-digit CVV unique code, which is generated online, rather than a regular plastic card that a bank offers you.
Bitmama virtual card allows users to make international purchases with their cryptocurrencies. For Nigerians, it circumvents the FX restrictions, making it possible to easily pay for your international subscriptions.
Something to catch your fancy – Where to Spend Your Cryptocurrency in 2023
How to pay your international subscriptions in Nigeria with the Bitmama virtual card
Follow the steps below to pay your international subscriptions in Nigeria with the Bitmama virtual card:
Step 1: Download the Bitmama app on Google Play Store or get it on Apple Store, register and log into your account, then click on ”Cards” and navigate to the Cards page, a pop-up box will display showing that you need to verify your account to level (3) three to create virtual cards.
Step 2: Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents for your verification up to level 3.
Step 3: Return to the home page after completing level 3 verification. Click on get ”Cards” to see available Bitmama crypto cards in different colours.
Step 4: Select your preferred card with its transaction limit per month. Then, navigate to the next step to make payment for the card issuance, choose your payment wallet and enter your 6-digit pin to complete your payment.
Step 5: Once your payment is successful. Click on ”Continue” to proceed to your cards page. That’s it! you will see your new crypto virtual card.
Step 6: Proceed to supply the virtual card details and pin as your payment option on the subscription platform. Payment with the Bitmama card is swift and will be confirmed in no time by the vendor, who will then proceed to ship it down to your preferred location.
Can I make international payments with a Nigerian debit card?
No, Nigerians are no longer allowed to make international payments with Naira debit cards. However, you can still use a dollar card to execute international transactions.
What should I look out for when choosing a virtual card?
Before making an international payment with a virtual card, you need to consider some factors. Here are some factors to consider when finding the best virtual card service for you:
1. Trust and safety
Ensure that you use a virtual transfer service that you trust, particularly with your financial information. Also, you have to trust that the funds transferred are safe and deposited to the right recipient. A solid way to find out if you can trust a virtual card service is to check if they have been duly authorized to operate. Also, you have to check the number of users or customers they have and their past reviews of the services. The more customers with good reviews, the better the service.
Also, if you are willing, take a look at the security details of the transfer service provider you want to use. Most modern companies provide customers with transparency in how transfers are executed and how their financial information is protected.
2. Transfer speed
Speed is another factor you should consider before executing international payments. Fortunately, virtual cards are generally fast and very easy to use so most people using them don’t have issues with speed.
3. Fees and charges
A service provider’s charges and fees can make a huge difference in the cost of your total payment. Hence, you need to go for a transfer provider that offers low fees and charges. There are primarily two main fees you have to look out for when searching for a transfer provider with reasonable rates. The two fees include the transaction fee as well as the hidden exchange rate fee.
Exciting Read – Ethereum vs Polygon: Which Should You Invest in?
The transaction fee is the specific fee that goes to the transfer service for executing the transaction. Check out how much international transaction fees cost across virtual card service providers.
The second fee you need to watch out for is the exchange rate fee. This fee is usually hidden in the stipulated exchange rate on your transaction unless your transfer provider uses the mid-market rate. You can search for the mid-market rate on Google and compare it to what your virtual card service provider has to offer. Go for the transfer provider that offers customers competitive exchange rates.
Paying for your international subscriptions in Nigeria doesn’t have to be a daunting task. By following these steps and selecting the right payment method, you can easily access and enjoy a wide range of international content and services. Remember to prioritize online security and keep your payment information confidential.
The Bitmama virtual card factors in all of this, offering you a secure and easy-to-use means to pay for your international subscriptions in Nigeria.
Get started by downloading the Bitmama app today.
