Getting started with Privacy is a straightforward process. Users need to create an account, verify their personal information, and securely link their bank accounts or debit cards. Once this setup is complete, they can request their first virtual card. This virtual card can be used for online shopping, providing an extra layer of security to protect users from payment card theft and fraud.
The application offers several benefits aimed at enhancing financial privacy and security. It allows users to mask their actual bank or debit card numbers, reducing the risk of card theft and fraud during transactions. Whether on a desktop or mobile device, users can enjoy a safer shopping experience with greater control over their sensitive financial information.
One of the features includes the creation of merchant-locked and one-time-use cards. These cards are designed to "lock" to the first merchant they are used at, which means if that merchant experiences a data breach, the card number cannot be reused elsewhere. Additionally, users can generate single-use cards that automatically close after one transaction, further minimizing fraud risk and unauthorized use.
Privacy also provides users with the ability to manage their spending actively. They can set customizable limits to prevent overspending and hidden fees, making it ideal for managing subscriptions or recurring expenses. The app offers real-time transaction monitoring, sending notifications with every card use, and allows users to easily pause, unpause, or close their cards at any time with just a tap. The core service is free for domestic transactions, with revenue generated from merchant transaction fees, and the platform emphasizes its commitment to security and customer support.