Sample: Five questions to ask before you fund any virtual card
Sample post. What to ask about fees, rates, limits, refunds and support before you put money on a card.
The Gresh team
· 2 min read
Before you move ₦50,000 onto any virtual card, you should be able to answer five questions. If the app can't answer them for you, that tells you something too.
What does it cost to create and keep the card?
Look for a creation fee, a monthly fee and a fee on each payment. Add them up for a normal month of your spending.
What rate will I get?
Ask for the rate before you fund, not after. Compare it with the rate you'd see elsewhere on the same day.
What are the limits?
Daily, monthly and per-payment limits decide whether the card works for a big ad budget or only for small subscriptions.
What happens to refunds?
When a merchant refunds you, find out where the money lands and how long it takes.
Can I reach a person?
A declined payment at month-end needs a quick answer. Check how support works before you need it.
One thing to do today: write down the total monthly cost of the card you use now.