A prepaid Glyde virtual card is a digital payment card that you can use to make online purchases.Like a physical card, your virtual card has a card number, expiry date, and CVV number.
It is a prefunded card that can only be used against what was loaded on the card. The Glyde Prepaid Virtual Card can be used as many times as you want, until the point of expiry.
The Glyde Mastercard Prepaid Virtual Card is widely accepted around the world and makes payments easier and more secure than ever before.
Glyde Prepaid cards can be created and loaded in a matter of seconds. All cards can be viewed or shared via 2-factor authentication to ensure best security practices. The cards can be blocked, unblocked or canceled at any point. Low Balance alerts and autoload features can be set on these cards to make liquidity management a seamless process.
The Prepaid cards can have an expiry date of up to 5 years and be used as many times as one needs, based on the funds available on the prepaid card. Specific metadata can be attached to these cards, but will always be linked to this card. Therefore, for detailed reporting, Limited Use Cards with specific metadata is recommended.
Prepaid cards are easily loaded and unloaded, so liquidity management and payments have never been easier.
You will be given a specific bank account that you can do a local payment into with a specific reference number. Payments can be done in EFT or Real Time Clearance. Depending on the method of payment, funds can appear within 30 minutes (RTC) or up 2 business days later (EFT) based on the originating bank account and day of payment.
A Glyde limited use virtual card is a digital payment card that you can use to make online purchases.Like a physical card, your virtual card has a card number, expiry date, and CVV number.
It is a prefunded card that has a limited amount of swipes available and can only be used against the amount the card was funded.The card cannot be loaded again, nor can it be used more than the swipes available.
When the card’s funds or swipes have been met, the card will automatically expire and any residual funds - swept back to the bank account. The Glyde Mastercard Prepaid Virtual Card is widely accepted around the world and makes payments easier and more secure than ever before.
Glyde Prepaid cards can be created and loaded in a matter of seconds.All cards can be viewed or shared via 2-factor authentication to ensure best security practices.
The cards can be blocked, unblocked or canceled at any point.
Limited Use Cards can have specific metadata attached to each card and therefore, each transaction; so reconciliation down-the-line is accurate. Risk can also be mitigated by allocating specific funds and minimum swipes at a card level.
Limited Use Cards can be created quickly through the Batch Card product, or they can be created automatically through the Glyde Pay API.
With the Glyde app, certain users can create dozens of cards in a matter of minutes using the Glyde Batch Card product. These cards can be created via importing data and can then automatically be shared with other Glyde users or suppliers.
Security is once again the cornerstone of the Batch Card product and all cards are pre-funded and shared securely. Glyde has made supplier payments as easy as possible with the Batch Card product.
All cards created in a batch have a unique Batch ID attached to them.The cards can be viewed and exported in a batch or single manner.
When viewing and exporting cards, there is always the added layer of two-factor authentication and also - in the case of exporting cards - additional password protection.
Specific users have access to a number of advanced and secure features on the Glyde application.
Senior users have access to account management, bank account and bank transaction history whilst other users have access to the creation and management of cards. Creating a card manually takes a few seconds and finding manually or API-generated cards has never been easier with Glyde’s search functionality.
Cards can be created manually, in batches or via our seamless API-integration and are all controlled in groups known as cost centers. This allows users to easily find and manage groups of cards under various bank accounts.
Lastly, Glyde provides concise reporting on card transactions, bank account transactions, refunds and much, much more!
Please contact us under the 'Contact Us' page and we will get back to you with further details.
We will guide you step-by-step on the processes and discuss our API documentation in detail.
Please contact us under the 'Contact Us' page and we will get back to you with further details.
Previously, there was an international (ex-SA) issuer who is now unable to issue cards to local entities in South Africa. This is due to a change in the SARB regulations back in 2020.
The previous international issuer issued its cards in the UK and they forced a very high charge which was carried by the suppliers. This is one of the reasons why it was not very popular with suppliers.
Many virtual cards add additional margins to their cards which were carried by the suppliers/ merchants acquiring the cards.
Glyde offers a card that has the same or better rate than a regular Consumer/Corporate card.
Glyde believes in a win-win environment where both suppliers and merchants benefit from the transaction.
Depending on the model for integration, it can take anywhere from a week to 4 weeks.
Please contact us under the 'Contact Us' page and we will get back to you with further details.
The bank account from which cards are issued runs off a pool account that is not in the name of the agency much like eNett and other fintech companies.
This means that the payments made against cards issued from this pool are complaint with IATA 890.
Glyde Payments offers reports on:
i. Transactional reporting at a card level
ii. Audit reporting for clear and concise reconciliation
iii. Account-level and cost-center-level reporting
iv. Custom reporting based on specific business requirements.
Please contact us under the 'Contact Us' page and we will get back to you with further details.
Glyde does not charge per user and so you can add as many users under your account as you wish.
Various users will be granted access rights, roles and permissions based on business requirements.
Glyde Payments works in a two-factor authentication flow on all high-risk actions. This is to ensure that in the unlikely event that a device or account gets compromised, there are still other security measures in place.
Glyde Payments does not charge for basic setups unless you are looking for something very creative or operate outside our prescribed norms.
Not only do we not charge you - we may even pay you to use this form of payment based on various volume tiers.
Please contact us under the 'Contact Us' page if you need further details.
Glyde cards have a very high acceptance rate due to the competitive fees on the cards. Most if not all merchants that accept Mastercard should accept the Glyde card, as our rates are globally competitive.
Please contact us under the 'Contact Us' page and we will get back to you with further details.