Discover all the benefits of a virtual prepaid Mastercard for incentives and rewards in Canada. Perfect for convenient online and in-store purchases, they are a popular and versatile choice!

The virtual prepaid Mastercard is gaining traction in the incentive space. With the convenience and versatility offered by virtual prepaid cards, businesses can seamlessly adapt to the changing landscape by providing reward offerings that are simple to use and drive redemption.

In this guide, we will explore all you need to know about virtual prepaid Mastercard for your Canadian recipients and how this addition to Giftbit’s full catalog can enhance your business’ reward and incentive strategy.

What is a virtual prepaid Mastercard?

A virtual prepaid Mastercard is a virtual prepaid card that can be spent online or in-store.  It is stored digitally on their device or sent via email. This makes it easily accessible and convenient to send and use.

What makes a virtual prepaid Mastercard the perfect choice?

Virtual prepaid Mastercards have exceptional features that make them stand out when sending rewards and incentives. Here are some of the top advantages:

Giftbot - Idea cropped

Fast delivery: With virtual cards, there is no need to wait for physical delivery or go to a store to purchase them. They can be delivered instantly via email or text message, making them ideal for swift reward fulfillment.

Wide acceptance: Virtual prepaid Mastercards can be used everywhere Mastercard is accepted, for both online and in-store purchases.

Budget-friendly: They can be purchased at face-value starting at $25 and loaded up with any denomination of up to $2,000, making them a versatile solution for small or large rewards.

Many uses:
Versatility is the best benefit of the virtual prepaid Mastercard for rewards and incentives, enabling convenient purchases across categories for customers*. Its flexibility makes it an ideal choice for a wide range of purposes, including:

  • Online shopping and retail purchases, including clothing, electronics, and home goods
  • Food and delivery apps, such as Instacart, DoorDash, and UberEats
  • Travel expenses, such as flights, hotels, and rental cars
  • Entertainment, such as movies, concerts, and events
  • Health and wellness, such as spa treatments and home gym equipment
  • Transportation, such as public transit and rideshares
  • Charity donations

Reduce overhead: Choose virtual cards like the virtual prepaid Mastercard to help reduce your overall cost. These digital alternatives minimize physical card usage, saving costs and eliminating fees associated with traditional cards. 

New call-to-action

How to use the virtual prepaid Mastercard with Giftbit?

When it comes to using virtual prepaid Mastercards from Giftbit, it could not be any easier. With their user-friendly interface and seamless integration, you can effortlessly manage your transactions and enjoy the convenience of online shopping without any hassle.

Here is how it works:
  1. Create an account: To begin, simply sign up for a free Giftbit account!
  2. Purchase: Businesses purchase virtual prepaid Mastercards directly with Giftbit, with no hidden fees.
  3. Bulk purchases: The purchaser can choose the desired denomination and load up individual cards or bulk sends with that value.
  4. Delivered instantly: Once the order is complete, the virtual link to the card will be delivered directly to the recipient's email or via SMS.
  5. Easy redemption: Easily boost redemption rates as recipients seamlessly redeem their virtual prepaid Mastercards. Here's how!
    • Accepting and claiming the Giftbit link
    • Registering the virtual prepaid card with Mastercard
    • Upon registration, the card becomes instantly available for use everywhere Mastercard is accepted – whether it is in person or online for up to 6 months*

*Please note that acceptance may vary depending on the specific merchant or service provider, and must be used where Mastercard is accepted.

creative businesswomen collaborating

Giftbit, now offering virtual prepaid Mastercard in Canada

Offering virtual prepaid Mastercards is an excellent addition to Giftbit's already full catalog of choices. Whether you’re a business looking for a convenient way to send incentives to customers or reward employees, with our convenience, security, and versatility, we’ve got you covered in Canada and if you’re sending to the United States, the virtual Visa incentive card is your bet! 

At Giftbit, we are excited to offer virtual prepaid Mastercard in Canada and we hope this guide has provided you with all the information you need to make the most of virtual prepaid Mastercards.

*Your reward will be delivered via email with instructions for claiming your virtual prepaid Mastercard. You must claim your card within 3 months from the date these instructions are sent via email. If you do not claim your card within that time frame, a virtual prepaid card will be generated for you, which will be accessible through the original payment email link.

*Votre paiement vous sera envoyé par courrier électronique avec les instructions pour réclamer votre carte prépayée Mastercard virtuelle. Vous devez réclamer votre carte dans un délai de 3 mois à compter de la date d’envoi de ces instructions par courrier électronique. Si vous ne réclamez pas votre carte dans ce délai, une carte prépayée virtuelle (accessible par le lien du courriel de paiement original) sera générée pour vous.