Modelled primarily on the same system as a Visa Card, EntroPay is a prepaid virtual card that works in the same way as traditional credit or debit card. EntroPay is available in Euro’s Pounds sterling and American dollars. An EntroPay account is not a bank account so you cannot setup direct debits or issue cheques but you receive a virtual Visa card with which to process your physical and online transactions.
It’s important to note that you do not link your bank account to your EntroPay account as you do with an e-Wallet, it is just a virtual Visa card and you simply ‘charge’ the card with money from your banks debit or credit card. A fee is charged for each amount that is loaded onto the account.
How does EntroPay work?
Signing up for EntroPay is free and very easy. You simply fill out an online application and select a username and password. Once registered in this way they will ask you for some supplementary details about your Debit or Credit card and once verified you can use all the features of the account.
Similar to credit cards, the EntroPay card has a defined limit, which you cannot exceed. It takes 4 working days for information to update in your account section online. When using your card it operates in exactly the same way as a traditional Visa card. It has a card number, expiry date and a CVV security code on the back, which must all be given when making purchases online. It’s also possible to hold multiple accounts and alternate between them when making financial transactions.
EntroPay: The pros and cons
If you’re not sure about using EntroPay then there are alternatives. Check out some of the other options available to you from the list below: