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$10 When You Sign Up to Vasco Pay Prepaid Visa Card & Deposit $100 Within 30 Days (New Customers Only)

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$10 When You Sign Up to Vasco Pay Prepaid Visa Card & Deposit $100 Within 30 Days (New Customers Only)
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AssociatedLhappytraveller90 on 15/03/2019 - 11:50 vascopay.com (596 clicks)
Last edited 19/03/2019 - 17:06 by 3 other users
VASCO10

Vasco Pay is a dedicated prepaid Visa card for secure online shopping and smarter money management.

Members of Vasco Pay also receive weekly deals emails offering you discounts from over 100+ retailers.

There are no joining fee, no monthly fees, no transaction and no reload fees! You can use the card in the same way you use a debit card, for payments online, in-store, via payWave and link to your PayPal account.

About the Offer
To receive a one off $10 bonus, customers must sign up to a new Vasco Pay card between 15/03/19 and 31/03/19 and in the Referral Code field, enter VASCO10.

Customers must deposit a minimum of $100 within 30 days of signing up to the card, either via pre-loading on the sign up form OR after the card arrives in the mailbox and is activated.

Not available with any other offer. Offer is available to new customers only and limited to one per customer. If you have any questions, please call (02) 9158 6047 Mondays to Fridays, 9am - 5pm.

Mod note: Please note that there is a newer / different version of Vasco Pay's Product Disclosure Statement (PDF version), available on the website, which is not linked to correctly on their landing page.

You are advised to read the product disclosure statement in full and understand it's terms and conditions before taking up this offer or any other financial products. Contact their customer support for more information.

Financial Debit Card Prepaid Card VISA

Related Stores

vascopay.com
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closed Comments

  • askbargain on 15/03/2019 - 11:52
    -1

    Can money be withdrawn or must they be spent?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 12:01

      Hi, yes money can be withdrawn from ATMs - $0.75 fee.

  • wolfazrael123 on 15/03/2019 - 11:56
    +3

    there is a transaction fee of $0.75 if you want to get cash through ATM, otherwise you can only spend the money.

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 12:01

      Thanks, beat me to it!

  • arctan on 15/03/2019 - 12:03

    Any overseas transaction fees?

  • Javin on 15/03/2019 - 12:04

    How to Load the money in the card?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 12:09
      +1

      Hi Javin, you can load the card through any existing Australian bank account through internet banking. You also receive a Vasco Pay BSB and Account Number in which your employer, friend, Centrelink etc. can use to transfer you money.

  • demiurge on 15/03/2019 - 12:10

    How long does the card last?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 12:13

      Hi demiurge, valid for 2 years. You can renew for free when the card expires - just like any bank cards.

  • Maxxjet on 15/03/2019 - 12:18

    You can use credit card to load? will that get you charged as cash advance ?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 12:20

      Yes you can pre-load the Vasco Pay card with a credit card when you sign up. Yes, that will count towards the $100 deposit.

      • Javin on 15/03/2019 - 12:23

        Credit card company should not charge cash advance for loading this Vasco prepaid card.

        • Maxxjet on 15/03/2019 - 12:25

          You use credit card to load, and the card allows you to withdraw cash at flat $0.75 fee.

        • spaceflight on 16/03/2019 - 20:11

          Some will because it is a transaction to a financial company.

      • Maxxjet on 15/03/2019 - 12:24
        +3

        Sorry I was specifically asking will you be charged cash advance interest rate by the credit card?

        • kizashi on 15/03/2019 - 12:37

          If you withdraw cash from a credit card you would be charged a cash advance

      • alvian on 19/03/2019 - 16:15

        Is there a difference between pre-loading the Vasco Pay card with a credit card when you sign up, and a regular loading of value to the Vasco Pay card using a credit card?

        Your answer about pre-loading with credit card appeared contrary to your PDS unless the distinction is made between pre-loading at sign up and regular loading.

        You cannot load value directly to your Card using a credit card.

        • Associatedhappytraveller90 @ vascopay.com on 20/03/2019 - 08:45

          Hi Alvian, the pre-load option is only available when you sign up. Once you have an active card, you should only be loading money via internet banking or setting up a direct deposit and not via credit card.

  • kizashi on 15/03/2019 - 12:22
    +2

    Are you covered by Australian Banking Guarantee ie Does this company have a banking licence if company became insolvent?

  • walkerxp on 15/03/2019 - 12:46

    Seems a bit sus when they ask you at the end of the process to save time and load money onto card now, before the card even (ever) turns up?

    • kizashi on 15/03/2019 - 12:50

      Also if look at financial statements they are currently losing money, so interested to see if they have a banking licence.

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 14:52

      Hi walkerxp, pre-loading your card is optional. You can most certainly wait for the card to arrive, activate & then load the money. As long as you use the Referral Code, we'll be able to track whether you meet the min, deposit requirements.

    • spaceflight on 16/03/2019 - 20:13

      Why?

      If your deposit takes a few days to be processed then when you get the card it will be ready to use.

  • kizashi on 15/03/2019 - 12:48
    +1

    Are you able to answer my question, as I would like to know the answer?
    Are you covered by Australian Banking Guarantee ie Does this company have a banking licence if company became insolvent?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 14:49

      Hi Kizashi, sorry for the late response. Yes, our cards are issued by Heritage Bank, Australia's largest mutual banks. Your Vasco Pay account funds will be covered by Heritage Bank.

      • kizashi on 15/03/2019 - 15:00

        Thanks for replying. Just noticed it says Vasco Pay is not a bank but we partner with Heritage Bank – Australia’s largest mutual bank. Can you please explain how that works, as not clear to me?

        • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 15:09

          I'm not sure what information you are after specifically. If you'd like, send us an email with your questions at [email protected] and one of the team members will be able to answer them for you.

          • kizashi on 15/03/2019 - 15:13

            @happytraveller90: Just wondering what this partnership means. My concern is the safety of any money i deposit. As you are not a bank and something were to happen ie go in administration. Sorry to be a doomsdayer but alot of businesses are going under at moment and need to know before deposit any money.

            • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 15:22

              @kizashi: Vasco Pay handles the marketing and distribution of the cards. The banking and product side is completely with Heritage Bank, and so the concerns you have will need to be directed to Heritage Bank.

              • kizashi on 15/03/2019 - 15:33
                -2

                @happytraveller90: I have just rang and spoke to Heritage Bank. What you are saying is incorrect!!! They only produce the pre-paid card and and allow you to use their bsb number. Nothing more. Heritage do not even have the ability to access any account information from you.
                Ozbargainers beware!!! You do not have a banking licence and as such if something goes wrong (which may or may not happen) people will lose their money.

                • spaceflight on 16/03/2019 - 20:20
                  -1

                  @kizashi: Why don't you read this as you don't seem to know how the guarantee works
                  https://www.moneysmart.gov.au/managing-your-money/banking

                  Vasco is not an ADI and does not hold your money.

                  Heritage Bank who holds your money is an ADI.
                  You need to talk to Heritage Bank and ask if the Vasco product is held in an ADI approved account.

                  • kizashi on 16/03/2019 - 22:31
                    -1

                    @spaceflight: I did. Please read my comments before making assumptions. Have you spoke to heritage bank? Do you know what you are talking about, cause on face value it apparently not.

                    • spaceflight on 16/03/2019 - 22:34

                      @kizashi: I did.
                      You spoke to Heritage Banks customer service for their products. They will be trained to talk about Heritage Bank products, not 3rd party products.

                      It's like calling Lexus to ask about Toyota models.

                      Vasco is not an ADI.

                    • spaceflight on 16/03/2019 - 22:59

                      @kizashi: Because your comment contained a personal attack my reply was deleted.

                      Here is the information you wanted from the PDS which you can find here https://vascopay.com/wp-content/uploads/2019/02/Product-Disc…

                      Although Heritage is an authorised deposit-taking institution carrying on banking business in Australia, the acquisition of, or value loaded to, the Product does not represent a deposit with, or investment in, Heritage

  • wizzy on 15/03/2019 - 13:00

    If we load the $100 immediately at the time of application, does the $10 also get loaded immediately?

    • Associatedhappytraveller90 @ vascopay.com on 15/03/2019 - 14:54

      Hi Wizzy, we will process your order immediately & once you receive the card and activate it, you will find the bonus $10 in your account.

    • Ms Bargainer on 15/03/2019 - 19:03
      +1

      Please be aware. The Product Disclosure Statement, on page 10, states the following:
      "Standard Card Purchase Price $10.00, Monthly Membership Fee $3.00".
      Thus, you are not actually making $10 when signing up, but rather losing $3.

      • wizzy on 15/03/2019 - 19:06
        +1

        Thanks. Don't worry, I did not purchase.

  • kizashi on 15/03/2019 - 15:22
    -1

    Another question also. If you do not charge fees, how are you able to offer this product?

  • kizashi on 15/03/2019 - 15:38

    OZBARGAINERS BEWARE!!!!!
    Please read my comments above about ringing Heritage Bank before you take up this offer!!!!

    • elmobanditz on 15/03/2019 - 17:31

      I was wondering.. when you called Heritage, did you call their head office or customer service? This company can’t just claim Heritage is the issuer without actually having their back-up? I was reading the PDS-
      https://vascopay.com/wp-content/uploads/2019/02/Product-Disc…

      Crazy if they actually lied on this?

      • kizashi on 15/03/2019 - 18:26

        Answered question below. Sorry, forgot to add into reply box

    • spaceflight on 16/03/2019 - 20:24

      Why don't you read this as you don't seem to know how the guarantee works
      https://www.moneysmart.gov.au/managing-your-money/banking

      Vasco is not an ADI and does not hold your money.

      Heritage Bank who holds your money is an ADI.
      You need to talk to Heritage Bank and ask if the Vasco product is held in an ADI approved account.

  • madreece on 15/03/2019 - 18:06

    I don't think I would be keeping a large amount long term on this. Might just stick with my load n go for the dodgy sites.

  • kizashi on 15/03/2019 - 18:06

    1800 056 927.
    I spoke to a guy who never heard about Vasco Pay. I explained to him what it was about and their website and were part of Novatti Group. He went away and found out for himself. Then told me this. I also read to him the answer which happytraveller90 had wrote. I have only written what he said. Yes, crazy to lie! But do not want others to risk their money. But, also up to you to decide. Suggest if don't trust me, ring Heritage first. But, I will not be risking my money for $10.

    I do not know why people are down voting me with my above comments, as I am only trying to look after best interests of Ozbargainers. But it is up to you to decide, if prepared to take risk!

  • nowork on 15/03/2019 - 18:49
    +1

    After reading PDS ( https://vascopay.com/wp-content/uploads/2018/10/Vasco-Pay-Pr… ),
    I notice a monthly membership fee ($3) in Clause 7, which is contrary to OP's description.

  • Ms Bargainer on 15/03/2019 - 18:59
    +2

    Please be aware. The Product Disclosure Statement, on page 10, states the following:
    "Standard Card Purchase Price $10.00, Monthly Membership Fee $3.00".

    Thus, you are not actually making $10 when signing up, but rather losing $3.

  • txb on 15/03/2019 - 19:51

    Am I understabding this right?

    Load $100, get $110, withdraw from ATM $109.25?

    • kizashi on 15/03/2019 - 20:44
      +1

      withdraw from ATM $109.25. LOL

      • Ms Bargainer on 15/03/2019 - 22:28

        $96.25

        You will lose money.

    • Ms Bargainer on 15/03/2019 - 22:26

      The Product Disclosure Statement, on page 10, states the following:
      "Standard Card Purchase Price $10.00, Monthly Membership Fee $3.00".
      Thus, you are not actually making $10 when signing up, but rather losing $3.

      • Associatedhappytraveller90 @ vascopay.com on 19/03/2019 - 08:58
        +2

        Clarifying that there is $0 monthly fees. We used to have it, but not anymore.

  • walkerxp on 15/03/2019 - 20:05
    +3

    I'll be sending the card back as soon as I receive it - OP stated misleading terms about no fees is a disgrace.

    The Product Disclosure Statement, on page 10, states the following:
    "Standard Card Purchase Price $10.00, Monthly Membership Fee $3.00

    Is OZ bargain becoming CON Bargain?

    • kizashi on 15/03/2019 - 22:29

      Oz bargain is not becoming CON Bargain. Just some businesses are giving misleading information when they post their offers. Best not to jump in and read other comments before taking up offers especially financial businesses.

  • coolsteps on 15/03/2019 - 23:32

    op can you confirm wether or not there is a $10 card issue fee and a $3 monthly fee? also if pre-load the Vasco Pay card with a credit card later on after getting card will i qualify for the $10 promo ? how will the top be processed if via credit card? hope it wouldnt be treated as a cash advance and just a purchase.? can i use this vasco pay card to pay the ato bills thus saving having to pay higher credit card fees.

    • kizashi on 15/03/2019 - 23:57

      Read above. All these have been answered.

    • Associatedhappytraveller90 @ vascopay.com on 19/03/2019 - 09:01

      Clarifying that there is $0 monthly fees and $0 card issue fee. We used to have a monthly fee, but not anymore. Yes, if you preload the card it will count towards the promotion, or you can wait until your card arrives in the mail. Yes, you can use Vasco Pay card to make online or phone payments, e.g. ATO bills.

      • alvian on 19/03/2019 - 15:31

        ATO bills. Scammers will be happy to know that. Much more convenient than buying 50 $100 iTunes cards.

  • coolsteps on 15/03/2019 - 23:43

    on pds is says "You cannot load value directly to your Card using a credit card." has anyone done so yet and more importantly was it processed as a purchase and not a cash advance and no fees incurred?

    • spaceflight on 16/03/2019 - 20:26

      was it processed as a purchase and not a cash advance and no fees incurred?

      That will depend on your bank

  • povertytrap on 15/03/2019 - 23:45
    +1

    Where is the rep?

  • devilbabies on 16/03/2019 - 01:48
    +1

    their website also says "No one likes fees, and that’s why we have no joining fee, no monthly fees, and no reload fees!"

    the fees at the bottom of https://vascopay.com/faqs/ also don't include the card purchase price or monthly membership fee.

    the rep/OP needs to come back and explain what is going on

    my guess:
    it looks like the PDS is old and the card purchase and monthly fees have now been removed.
    if you look at an old version of vascopay.com using waybackmachine, you can see that their webside used to say
    "Get started from just $10, with a low monthly membership fee of $3 per month."

    • scrimshaw on 16/03/2019 - 22:59
      +2

      They made a sloppy mistake with their website, product disclosure statement URL points to an outdated version of the document.

      (Inspecting the URL reveals it's on wp-content/uploads/2018 subdirectory).

      However searching on Google reveals that they have a newer copy of the document which is dated 01 January.

      https://vascopay.com/wp-content/uploads/2019/02/Product-Disc…

      I don't even know if this is the most 'up to date' copy so please, contact their customer service and ask for the most recent version of the document before you sign anything.

      • Associatedhappytraveller90 @ vascopay.com on 19/03/2019 - 08:59

        Thank you Scrimshaw, yes that is our most up to date PDS. Clarifying that there is $0 monthly fees. We used to have it, but not anymore.

        • wizzy on 19/03/2019 - 15:43

          You need to upload the correct PDS to your website.

  • Ms Bargainer on 19/03/2019 - 15:28

    Are people taking up this offer now it is known there are no card and monthly fees?

  • alvian on 19/03/2019 - 16:18

    Beware of this gotcha when you are nearing the card expiry date. You could lose up to $1000. From the PDS,

    If you have had a credit or debit transaction in the 60 days prior to expiry you will be offered a new Card. The remaining balance at that time will be transferred to a new Card. On the expiry of the Card, any balance not transferred to a new Card will be forfeited.

    At expiry of the Card, if there have been no transactions in the past 60 days, we will charge a fee equal to the Available Balance, reducing its Available Balance to zero (see clause 8). We will not give you any notice before this happens

    And this gotcha if your transaction exceeds your balance. Contrary to the FAQ's claim about transparency (we are totally transparent when it comes to fees, so see below a list of our fees and charges), this fee is not disclosed in the FAQ or in the PDS. It can be any amount and you agreed to pay it by accepting and using Vasco Pay.

    If you make or attempt to make any transactions that exceed the Available Balance for the Card, then you will be liable for any Negative Balance plus a fee charged by us, along with any costs or interest we incur in recovering or attempting to recover from you the amount you owe us.

    And these fees:

    Lost or Stolen Card replacement $10.00
    Chargebacks $10.00
    Failed Funds Load: If funds are loaded incorrectly this fee applies to process the reversal or attempted recovery of funds. $5.50

  • alvian on 19/03/2019 - 16:44
    +1

    What is the significance of the strikeout in section 2 of T&C in the PDF version of the PDS?

    The Available Balance is available for transactions using the Card in accordance with these Terms and Conditions until the expiry, revocation or cancellation of the Card, but does not belong to you.

    Do the struck out words form part of the PDS? Is that phrase superseded or active? Is it an editing error or a formatting error? Are we or are we not agreeing to the Available Balance not belonging to us?

    This sloppiness is unacceptable in a PDS.

  • coolsteps on 26/03/2019 - 16:18

    just activated the card with $100 preloaded. when will the $10 be credited?

    • wizzy on 26/03/2019 - 18:52

      When I asked the rep this question above, they said the $10 would already be on the card when you receive it if you had preloaded the $100. Hopefully the rep will be back to answer you soon.

  • coolsteps on 26/03/2019 - 17:08

    has anyone gotten their $10 yet? do you need to receive and activate card by mar 31st or just apply for it by then?

    • Javin on 28/03/2019 - 22:36

      Not yet

      • devilbabies on 29/03/2019 - 14:39

        got mine today. transferred the $100 onto the card when i received it 2 days ago.

  • coolsteps on 29/03/2019 - 00:22

    i got mine about 1 or 2 days after activating it and emailing them. i think they do it in batches. its a great deal

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