Online Payment Processing Methods - How to get and activate Mastercard Visa Verve and other Payment Cards for Online Transactions

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Payment cards are mainly used for the management of your bank account funds and balances. These cards varies fro one service to another and are usually issued to bank customers by their respective banks as a means of getting easy access to their funds at any given point in time through advanced transaction outlets like the Automatic Teller Machines (ATMs), Kiosks, Point-Of-Sale (POS) Terminals, e-commerce payment platforms among many other terminals. Instead of processing your transactions in cash, you can rather do so in a less riskier manner through the use of these payment cards. That is why many economies of different nations of the world are striving to go cashless. And of course, payment cards are the solution.

These payment cards are of different types. We have the Mastercard, the Visa card, the Verve card, the American Express, the Discover and many more of them. In Nigeria mainly, the InterSwitch company operates to make the Verve card functional and available through an arrangement between banks and their respective customers. However, other cards like Mastercard, Visa and American Express are global payment card services with a wider coverage in numerous countries of the world including Nigeria, USA, UK, India, Canada, Ghana among other places. It is worthy to note well that these card service companies do not work directly with the users. But rather, they work directly with banks who then offers their respective cards to their customers according to their requests.

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Moreover, payment cards vary according to their brands as well as in relation to the quality of payment features that they offer. It all depends on the banking institutions. If for instance they enable all the features of Mastercard services for their customers then, such cards can be used to cover different forms of online transactions. This thus underlines the reason why the details of customer's Mastercard or Visa card collected from a given bank in a given country can be accepted on a particular e-commerce portal for payments while the Mastercard or Visa card of another customer collected from a different bank in the same or a different country can be rejected for online payments by the same e-commerce platform.

The comparison is very complicated and endless and I may not go into much of it for now because in this article, my aim is to teach you how to get any of these payment cards and activate them for your online transactions. In Nigeria, the Mastercard, Visa card and Verve cards are prevalent and out of the three, the Mastercard is the most popularly used because of its proved efficiency and reliability in dealing with sophisticated transactions. The Guaranty Trust Bank (GTB) Naira Mastercard and the First Bank Plc Naira Mastercard are two out of the best Mastercard services provided by the Nigerian Banking sector.

Also, the Visa cards are very good for real-time and online transactions and payments. Many commercial banks all over the world and in Nigeria precisely (like the Diamond Bank Plc, the United Bank for Africa, the Zenith Bank Plc and many others) issue high quality Visa cards which are widely acceptable on many e-commerce platforms and facilities. When you go to other foreign countries and the overseas nations like the United States of America (USA), the commercial banks operating there issued other payment cards like the Discover and the American Express to their customers.

Also in Nigeria, the InterSwitch Verve cards has a wider coverage and can also be activated by bank customers for use in the making of online payments as well as in the processing of other routine transactions. The verve card is issued by over 16 authorized commercial banks operating in Nigeria.

Moreover, the uses and benefits of these payment cards are many. They can serve many of the purposes listed below:

• Withdrawal of cash from ATM terminals without going to the banks.

• Transfer of cash through ATM terminals without paying in cash to your beneficiaries through the bank tellers.

• Checking of available fund balance in your account without inquiring for such from the customer care sections of the Banks.

• Processing of online transactions on the internet e-commerce portals using your card details.

• Instant payment for goods purchased and services rendered through the help of the Point-Of-Sales (POS) terminals provided by some Kiosks and supermarkets.

• Payment for bills like Electricity Bills, PHCN dues, DSTV subscriptions and many other transactions of such sorts through the ATM machines and other facilities.

• Buying of airtime and top-up recharge balances through the ATMs and other transaction platforms.

• And even more uses!

To get any of these payment cards, many banks will first require you to open a bank account with them. If you already operate an account with any bank, simply visit any of their branches nearest to you and find out from their customer care section the types of cards that they issue. While some banks have the capacity to issue all of these cards to their customers, others have the approval to issue just a very few of them. If they can issue you the type of card that you want, you can stick to them but if they are not able to do so then, you can go to other banks that has such facilities, create an account with them and get the payment card of your choice.

As soon as your account with your chosen bank is ready and active, apply for your payment cards. You will be given an application form and required to fill it out appropriately and accurately with the required details and also attach copies of your passport photographs as well as other identification documents like your National Identity Cards, Voter's card, School Identity card, Driving License, Electricity bill and/or any other documents as may be required. Do so and submit your application form and shortly after that, your request will be duly processed and the bank will notify you that your card is ready after charging you a specified processing fee. Pick it up as soon as possible and head over to any ATM terminal nearest to you within the specified time range and change the default PINs to your desired PINs in order to fully activate your card for routine and online transactions by following the instructions contained inside the card parcel carefully.

Remember, keep your personal card details and PINs secret and if you happen to misplace it anytime, hurry up to any branch of your bank nearest to you as soon as you can and make a report about the issue so that the card can be blocked instantly to safeguard your funds from being accessed by intruders. Bear in mind that your cards have their expiration dates and validity duration clearly inscribed onto their surfaces. As the expiration time draws nearer, your bank will notify you to come and get a new one for a token as well. Do so and always keep your card ready and active for your online transaction.

For other issues relating to the usage of your cards or the management of your account funds, please visit any. Branch of your bank closest to you and get a clarification from the Bank's customer care representatives. Also, a professional banker can be in a good position to advise you and solve such problems for you if it is general and not specifically related to a particular bank.

Also, I can provide assistance for your questions regarding this article. Just express your views and comments using the comment box placed below and you will get the relevant answers and support from me and other readers here who can help you in one appropriate way or the other.

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