Learn how to pay in USD online in Egypt using the Bitnob Virtual Card. A seamless and secure solution to international payments, shopping, and more in Egypt.
A 2023 report by the Africa Fintech Outlook reports that over 65% of young Egyptians aged 18-35 prefer digital wallets and non-bank financial tools due to several factors, which also include: faster onboarding, more flexible access to currencies, and many more. Living in Egypt and shopping online can come with a unique challenge of paying in USD, especially when many international merchants like Netflix, Amazon, Apple, or even software services like Canva and Adobe charge exclusively in USD. It’s also a known fact that traditional Egyptian cards are unable to make these payments as they often hit a brick wall, which is limited access to international payments, blocked transactions, or high foreign transaction fees.
The Bitnob Virtual Card is crafted to meet the growing demands for seamless international online payments, especially for African countries like Egypt, where traditional banking systems often fall short. Let’s expand more on why it’s difficult to pay in USD using traditional cards, why you need the Bitnob virtual card, and how you can get the Bitnob virtual card in Egypt.
Why It’s Difficult to Pay in USD Using the Egyptian Traditional Card
In the Coface 2023 report, it’s stated that the Central Bank of Egypt (CBE), instructed commercial banks to limit card use for transactions in foreign currencies due to various reasons, like the shortage of foreign currency reserves and more. This speaks to the foreign currency restrictions. Due to these ongoing economic conditions, Egypt has periodically imposed capital controls that restrict how much USD individuals can access.
Also, these traditional Banks apply unfavorable conversion rates or charge international transaction fees that make purchases more expensive. In an Andersen survey, it was reported that banks recently decided to enforce limitations for cash withdrawals and purchases abroad when using debit and credit cards. The commission rate was also raised to 10% to maintain its balance of foreign currencies.
Finally, the rate of card declines to an all-time high. Many Egyptian-issued debit and credit cards get rejected on foreign websites due to geolocation or issuer restrictions. This could be as a result of limited acceptance of the traditional card on many websites or due to restrictions imposed by local banks or government policies.
These limitations make it difficult for freelancers, online shoppers, business owners, students looking to buy courses, and everyday consumers to transact globally, which is why the Bitnob Virtual Card has been created to solve the USD online payments in Egypt.
What’s the Bitnob Virtual Card?
The Bitnob virtual card is much more than just a digital version of your traditional credit or debit card. It combines features that guarantee security, convenience, global accessibility, flexibility, and affordability. With the cheapest option of a $2 one-time creation fee, Bitnob has no hidden charges and no complex fee structures. It’s just simple and affordable access to a virtual card that works anywhere, especially online.
Why You Need the Bitnob Virtual Card in Egypt
It’s well known that by bridging the gap between local currencies and international payments, Bitnob is not just offering a card, it’s giving users financial freedom without borders. Let’s take a deeper look at various reasons why you need the Bitnob Virtual Card in Egypt.
Global Reach and Accessibility
One of the most impressive advantages of the Bitnob virtual USD card is its wide global acceptance. Whether you're shopping on Amazon, streaming your favorite shows on Netflix, buying a course on Coursera, or booking flights and hotels through international travel sites, the Bitnob card works effortlessly across a broad range of platforms. It's recognized by major global retailers and service providers, giving you the freedom to shop and pay online without restrictions.
Enhanced Security
The virtual card comes with top-notch security features, including encryption and instant card freezing. If you ever suspect unauthorized use or want to manage your card's activity, you can lock or delete it instantly within the app. This makes Bitnob one of the most secure options for online transactions, allowing you to shop without fear of fraud.
Ease Of Use
Creating a card on the Bitnob App is seamless. You can easily create your card in minutes, top up your card with the amount you want, and manage it all by yourself. This also means you are allowed to effortlessly monitor and track your expenses, helping you make informed financial decisions.
No Hidden Fees/ High Charges
Bitnob helps you cut down on currency conversion fees, so you can make international purchases without being hit by hidden charges. It’s a smart and efficient way to manage your global spending—simple, seamless, and cost-effective.
How to get a Bitnob Virtual Card In Egypt
To pay in USD online in Egypt, you need to first get your Bitnob virtual card right on the Bitnob App. To start this process, download the Bitnob App either from the Google Play store or the App Store. Then, you can……
- Sign in to your Bitnob app and tap "Cards"
- Tap "Create a new virtual card"
- Input the amount you want to create your card with.
- Tap "Next"
- Tap on the colored circles to change the card color to your preferred choice. You can also see the fee breakdown, which shows how much you’ll be charged.
- Tap "Next - Confirm your transaction pin"
- Input your password and Tap "Create Card"
- Your card is being created and you will get a notification when it's live.
- You have successfully created a Virtual Card so you can now spend without limits!
Paying in USD online in Egypt can be easily done with the Bitnob Virtual Card. Once you have your App downloaded, the card is created and funded. Now, you can visit your favorite shopping platforms, Streaming platforms, and many more to enjoy spending without restrictions. The Bitnob Virtual Card is your gateway to spending without limits. Download now.