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What You Need to Know About the Virtual Visa Gift Card as a Reward

  • author

    Rybbon Contributor

  • posted

    Apr 14, 2021

  • topic

    Academic Research, Digital Marketing, Employee Rewards, Market Research

What You Need to Know About the Virtual Visa Gift Card as a Reward

If you’re looking for a great reward for your customers, research participants, or employees, the virtual Visa gift card could be perfect. Not only is it a convenient, quick, and secure gifting solution, but it’s also incredibly versatile. 

Virtual Visas give recipients the chance to spend their gifts in virtually any store. Any retailer accepting regular Visa cards will accept the virtual Visa, too. That opens up a world of shopping opportunities for recipients. It’s even possible to use a virtual Visa at a physical retail store in some cases. Add the Visa number to your Apple Pay or other mobile wallet, and you can use it in brick-and-mortar stores accepting those payments. It’s never been so simple to give a recipient a gift that they’ll genuinely love. 

Although the virtual Visa card is a great option, there are some things you need to know before buying one.  

Potential Country Restrictions

Virtual Visa cards are suitable for use in more than 150 countries worldwide. That’s pretty impressive! Nevertheless, there are a few exceptions you need to know about. Recipients cannot use them in certain places. These include: 

  • Burundi
  • Cayman Islands
  • Cambodia
  • Chad
  • Central African Republic
  • Colombia
  • Congo
  • Comoros
  • Democratic Republic of the Congo
  • Dominican Republic
  • Cuba
  • Equatorial Guinea
  • Guinea
  • Guinea-Bissau
  • Eritrea
  • Haiti
  • Iraq
  • Iran
  • Lebanon
  • Laos
  • Lesotho
  • Libya
  • Liberia 
  • Myanmar
  • Madagascar
  • Nicaragua
  • Panama
  • North Korea
  • Somalia
  • Sudan
  • South Sudan
  • Syria
  • Ukraine
  • Uganda
  • Zimbabwe
  • Venezuela
  • Yemen 

It’s important to note, too, that the restrictions on card use can change from time to time. Therefore, before you buy, ensure you’ve checked the most updated list of restricted countries. 

How Does Currency Conversion Work?

When you buy a virtual Visa card, you load it in your home currency. However, that doesn’t mean that the recipient can use it only in your home country. They can use it in their country, too. Any purchase your recipient makes is in their local currency. The card issuer automatically converts the amount into the original issue currency of the card. The currency conversion is in line with the current exchange rate. It exponentially simplifies the process of shopping overseas. 

Do Virtual Visa Cards Have Expiration Dates? 

There is always an expiration date on virtual Visa prepaid cards. Some expire six months after their issue date, while others are good for 12 months or longer. There’s also an expiration date for when the recipients need to complete the registration process. Cards that are unregistered and unredeemed more than three months after purchase can become void. Once the card is registered and redeemed, the recipient must use the balance within the specified period.

Is There an Alternative to the Virtual Visa?

The virtual Visa gift card is a great reward, but it’s not always the right choice for everyone. You may prefer a curated selection of brand rewards from the Rybbon platform instead. With this method, you can tailor your options to suit your recipients without compromising on flexibility. Get in touch with Rybbon today to learn more.

about the author
Rybbon Contributor

Rybbon puts the power of digital rewards to work for marketers, researchers, and HR managers. Don't forget to check out all the great content in our Resources section!

Rybbon puts the power of digital rewards to work for marketers, researchers, and HR managers. Don't forget to check out all the great content in our Resources section!

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