Purchasing on the Internet, either for direct consumption, or for obtaining business solutions is made much simpler with Virtual credit cards. Virtual credit cards guarantee a variety of safely and privacy benefits that attract customers to it.

What is virtual credit card?
Virtual credit cards are disposable online payment cards. The cards can be used for shopping or making payments over the Internet. They are also known as single-use credit cards.

What is virtual credit card used for?
Virtual credit card is strictly used for payment of services and subscriptions online. In Nigeria, many Internet surfers use it for buying domain names, website hosting, and subscription etc. Meanwhile, some also use it for advertising their product on Facebook, Google Adwords, Yahoo Advert etc.

Acceptability of virtual credit card
Virtual credit card is acceptable by all merchants on the internet. If it is visa powered, it is referred to as visa virtual credit card. If it is mastercard powered, it is referred to as mastercard virtual credit card. You can use virtual credit on the aforementioned platforms online and many more like Amazing.com, ebay.com. Even if you are a student, you can buy books at the site mentioned above, including Prentice Hall with virtual credit card. You can even subscribe to professional membership online, for example you subscribe to IEEE with virtual credit Card.

Virtual credit card to Internet surfers
Often, the challenge many Internet surfers face is making the payment online. Since Nigerians are denied credit cards, virtual credit card is another option to satisfy your desire to make payments online.

Virtual credit card to budding entrepreneurs
If you are a budding entrepreneur, or currently employed and wish to start your own online home-based business, buying Virtual credit card in bulk and reselling is a big business opportunity for you. You will be required to buy in bulk, in order to start the business. For example, CashU will require you to buy an average of 500USD worth of virtual credit card to be a reseller with them. However, if you do not have as much as 500USD to start the business, in Nigeria, you will require an average of 200USD to be a reseller with NigeriaPay.

The demand for virtual credit card In Nigeria
The demand for virtual credit card in Nigeria is reasonably high and the number of suppliers in Nigeria is reasonably low, which makes the business lucrative and less competitive. If you use Facebook, you will better appreciate that adverts from Nigerians are getting much everyday, most of those are placed using virtual credit card. Meanwhile, the budget for most of the adverts on the average in a day is $25. In other words, most advertisers spend month. The same thing applies to Google Advert. That is just from advertisers.

Hence, there is so much demand for virtual credit card, as there will be need to pay online everyday.

Basic requirement to start the business
You do not need much to start virtual credit sales business from home. One of the basic requirements is your ability to promote your virtual credit card business on the Internet. Also, the fact that you need to own a website will require you to acquire skill in website development.

Meanwhile, that should not be a barrier for you not to start your business, as you also have the option of a website developer to fix that for you while you concentrate on marketing and promotion. The website is a one-time investment, so don’t let the thought of the cost kill the idea of your selling something.

You may also need to incorporate your business with the Corporate Affairs Commission (CAC), Nigeria. Most users online do not wish to deal with individuals.

Profitability
If you are looking into starting virtual credit card business, do not expect that it will make you rich overnight, because I know what comes to the mind of an average Nigerian, most especially when you tell them a business is lucrative or profitable. But it is a business that can bring a sustainable income to you.

If you don’t want to offer it as the only product on your website, you can promote it along side your e-currency exchange business. Get a copy of my nine-page report to learn more about e-currency exchange business.

If you properly promote your business, you should expect an ROI of about 20% at the end of the month as a starter.

In conclusion, selling virtual credit card is one big opportunity to start a business from home in Nigeria.

Contributed by Olu Oludimu www.nigeriapay.com 08051614052