The usage of Klasha dollar virtual card is not limited to online shopping website, the USD virtual card, which is funded with Nigerian Naira (NGN), can also be used to pay for school fees in foreign countries, Spotify, Netflix, Apple Music, Udemy, PayPal, Google Ads, Facebook Ads, Google Play, LinkedIn, ASOS, YouTube Premium & Music and many others.
You can get the Klasha virtual card in minutes after creating a Klasha Account. Klasha is a fintech company that provides commerce solutions for African businesses and entrepreneurs. You can download the Klasha app on the Google Playstore for Android users and Apple App Store for iPhone and iPad users. Once you've successfully downloaded and install the Klasha app on your phone, you can go ahead and instantly create, manage and use the virtual card for online payments without any monthly limits.
In Nigeria, USD virtual card become more important and popular when international spending is restricted on Nigerian local debit card. Even, when the restrictions was lifted, the government still manage to limit the local debit card global spending to $20 per month and even the cards are not widely accepted on many foreign online retail websites.
Since then, many fintech companies have dived into offering a dollar virtual card that can easily be funded with local currency - Naira, making it much easier and seamless for Nigerians to spend globally on USD accepted websites. Examples of companies in the dollar virtual card market in Nigeria are Grey.co, Chipper Cash, Payday, Geeg and Klasha.
In this article, we'll walk you through how you can get the Klasha virtual card and use the card on any website where USD and VISA is accepted.
Types of Klasha's virtual cards
Klasha offers two kinds of virtual cards to users; visa dollar virtual card and visa naira virtual card. The USD virtual card is classified into two categories; Klasha Pink Virtual Card and Klasha Black Virtual Card.
1. Klasha Visa Dollar Virtual Card
The Klasha USD virtual cards are visa card that can be used everywhere a VISA card is accepted. At the inception of the Klasha card, a naira visa card and a dollar visa card was introduced. But as the use of virtual cards for payments becomes more popularly accepted in Nigeria, Klasha decided to create the Black Card. Well, the Klasha Black Card wasn't created to replace the PINK but to give users another payment option.
The Klasha Black Card was introduced for the purpose of fulfilling international billing address (in countries like US, UK, and more). And the Pink Card is suitable for recurring payments and subscriptions on platforms that require a Nigerian billing address. For example, if your Apple account is Nigerian, you need a card with a Nigerian billing address to make payments.
Another websites where the Klasha's Pink card can be used are Netflix, YouTube Music, Spotify, YouTube Premium, LinkedIn and more. On the other hand, Klasha Black Card is useful on websites like AliExpress, AliBaba, Udemy, PayPal, Google Play, Starlink, Facebook Ads and Google Ads.
2. Klasha Visa Naira Virtual Card
Naira Card is another visa virtual card Klasha's offering. The card is denominated in Nigerian Naira (NGN). The card can be used on any Nigeria website that accept Naira as it primary currency. Example of website Klasha's Naira Card works includes Remita.
In addition to naira offerings on the Klasha banking system, the company introduces Naira Virtual Account API. The Klasha NGN Virtual Account API is a dedicated application programming interface that allows businesses and merchants to create naira virtual accounts for their customers.
For instance, when the Klasha's API is integrated to your application such as website, mobile app or your financial solution software, your users will be able to generate a NGN virtual account details (such as a bank account number and bank information) on demand. These accounts are dedicated accounts that your users can use to make repeated bank transfer payments.
A typical example is a data and airtime mobile apps where Nigerians buy cheap data. If you're a user of one of these apps, you would have noticed that you're given a dedicated virtual naira account detail where you can transfer to and the money will reflect in your dashboard. The data apps are typically using API that works exactly like the Klasha's NGN Virtual Account API. In simple term, the virtual account works like a regular bank account and is only available in Naira.
Klasha Virtual Card Fees and Charges
While Klasha Dollar Pink Card comes with a one-time creation fee of $2.5 and a subsequent funding charge of 0.5%, the Black Card comes with a one-time creation fee of $3.5 and a subsequent funding fee of $1.5 every time you fund your card. The Klasha Visa Naira Virtual Card is absolutely free of charge.
To get and use the Klasha Cards, sign up for a Klasha account simply by installing the mobile app from play store or iOS app store. Once you've created an account, verify your account with the necessary documents and fund your Klasha Wallet. Next, click "Cards" to create your virtual card. You can choose the Black Card, Pink Card or Naira Card depending on what you'll be using the card for.
