FT. LAUDERDALE, Fla. (May 13, 2024) – Segpay, a pioneer in digital payment processing, announced today that it has updated its content creator payout solution, Segcard, expanding its offering as a virtual card. The Segcard solution is designed for content creators and is the easiest way to instantly pay and get paid. With Segcard, users are now issued a U.S. dollar virtual card that can be used to shop, pay bills online, make in-store purchases, and withdraw cash anywhere in the world where Visa and contactless payments are accepted.
Segcard was developed to help fund content creators and affiliates who don’t have a bank account or are looking for an alternative solution to send and receive payments. Segpay has the ability to handle content creator payouts on behalf of merchants that process through Segpay. When money is added to a Segcard account, the owner will have instant access to the funds. Segcard can be used online or in-store or to withdraw funds from ATMs supporting contactless payments. It is safe to use since it is backed by Segpay’s top-tier banking partners, which are highly regulated. All transaction data is encrypted using PCI-compliant technology. Users receive global access to check account balances, transfer funds, look at transaction history, and more. Segcard goes where you go and is in line with Segpay’s promise to be there with merchants and their partners All the Way to Paid ™.
“By adding the virtual component to Segcard, we are speeding up the process of getting people paid,” said Cathy Beardsley, CEO of Segpay. “Content creators can easily apply for a card with minimal KYC and once approved, the card is quickly sent out, ready for activation. With the new virtual Segcard, our clients can easily fund their content creators, models, and affiliates without needing to have a bank account.”
Since Segcard is a U.S.-denominated card, Segpay is initially launching in the U.S. An EU and UK virtual card solution is scheduled to become available by the end of 2024. Learn more about Segcard and reach out to our team at [email protected] to get started.
