4 Advantages of businesses owning foreign online payment cards

The continuous development of e-commerce and economic globalization has created new challenges and opportunities for businesses. Therefore, owning a foreign online payment card becomes an important advantage to help businesses improve their transaction capabilities and take advantage of opportunities to expand the international market. Online payment cards can help businesses manage and make payments, saving time managing fees that exceed the allowed level.

In this article, GLA will discuss issues related to foreign online payment cards, the benefits and differences between online payment cards and physical payment cards.

1. What is an online payment card?

A virtual payment card is a digital card consisting of 16 randomly generated digits, with a card verification number and an expiration date. A foreign online payment card works similarly to a traditional foreign payment card but does not require a physical card. It is a digital payment solution that modernizes processes, reduces errors and saves time for businesses.

Foreign online payment cards are payment cards issued by banks or financial institutions in Singapore, the US, Hong Kong, etc. that can be used to pay for online transactions on websites or applications that support international payment cards.

There are two common types of foreign online payment cards: virtual credit cards and virtual debit cards.

2. The difference between foreign online payment cards and physical payment cards

• How it works: Online payment cards work easily compared to physical payment cards;
• Card Management: Businesses can control their own online payment cards without having to rely on banks;
• Currency, limit: Businesses can choose the currency to use, set spending limits for online payment cards, and determine the types of merchants that can use the card;
• Payment process: Online payment cards simplify the way payments are made for both suppliers and merchants, and have a number of attractive benefits for Businesses.

3. Advantages of businesses when owning foreign online payment cards

Based on the difference with physical payment cards, foreign online payment cards bring the following advantages to Enterprises:

4. Why should businesses open foreign online payment cards through GLA?

A decisive factor in successfully opening a foreign online payment card is that the Enterprise needs to own a foreign bank account. After owning business bank account can open payment card online easily. GLA has supported many businesses open bank account in singapore, Mỹ, Hong Kong, Canada, etc. successfully.

With over 10 years of experience, GLA will support companies in opening foreign bank accounts according to the following process:

• Consulting and supporting companies in choosing reputable banks in countries such as Singapore, Hong Kong, USA, etc.;
• Consulting and guiding companies to prepare necessary documents for opening bank accounts abroad;
• Assist the company in arranging interviews with bank specialists;
• Support companies to register foreign online payment cards.

Opening a bank account abroad, especially in countries like Singapore, Hong Kong, the US, etc., is not easy. This requires the company to prepare the required documents completely and accurately, but not everyone has enough knowledge and expertise to do this.

GLA is a direct working partner with many large and reputable banks such as DBS, OCBC , UOB, etc., is a partner of reputable international payment gateways such as PayPal and many other partners, along with experience in supporting many businesses to successfully open bank accounts abroad - can completely solve this problem.

Contact GLA today to open a foreign online payment card quickly and effectively.

5. Frequently asked questions about owning an online payment card

Highlights

• Foreign online payment cards are digital cards, no physical card required, including card number, expiration date, CVV code. The card is issued by banks and international organizations.
• Electronic cards are more convenient, easier to pay, and have the same level of security as physical cards.
• GLA will support consulting on documents, helping businesses open cards quickly and effectively with reputable payment gateways and major banks around the world.