What are Virtual Credit Cards?

Virtual Credit Cards for Safe Online Shopping
Use Virtual Credit Cards for Safe Online Shopping 

Have you ever heard about Virtual Credit Cards?
You might have a credit card or debit card that you use to buy things online. You can make payments using your cards. Online payment has been increasing like a wild fire in few years. Since it is very convenient way to pay. You don’t have to worry about carrying money in your wallet or even loosing your wallet. You can send payment within seconds to any part of the world. But as the technology updated, bad people are looking into your account using your credit or debit card detail that you submitted to the online shopping websites.
When you make a purchase from a big online store website like ebay, Amazon, you can feel pretty confident that the website is not going to steal your credit cards information. But when you make payment with a new online store using your card then there is certain risk. 
Since the online website has your billing address, credit card number, expiration date, and security code (CVV). So there is a certain risk of getting online fraud as some payment may be placed using your card information.
So here Virtual Credit Cards comes into play. By paying with a virtual credit card number, you can shop online safely even when the merchant is new and doubtable.

What are Virtual Credit Cards?

A virtual credit card (VCC) number is a randomly generated card number associated with your primary credit card. Instead of using your real credit card number when you pay online, your credit card issuer gives you an alternate card number, for one-time use and may expire within a month if not used. This protects the customer from becoming a victim of online credit card fraud. This Virtual Card number since one time and hence of no use after shopping. Well this virtual credit card number will appear to your bill. Since it is not your actual credit card number, Hence hacker will not be able to steal your money from your credit card.

  1. This virtual credit card does not have real existence. It is not like your plastic card. 
  2. Virtual credit cards are online cards that are not physically issued by the credit card provider. 
  3. These cards are valid for only a specific time period, that is specified by the credit card issuer.
  4. Customers can perform only one transaction using one virtual credit card number. 
  5. Customers can use all the credited balance or some portion of it using single transaction.
  6. Virtual Credits cards are virtual and hence it is not possible to clone them. 

So it is very safe method to do shopping online using Virtual Credit Cards. You can ask for this number from your respective card provider. This facility is given free of cost by most of the banks. So this is all about Virtual Credit Credits. I hope you will get help from this article. If you like this article then don’t forget to share with your friends on social media.
Spread the love

Leave a Comment