Virtual credit card is replacements of manual credit or debit card. Virtual cards are given by all prominent credit card issuers and third-party financial service providers. Generally, the customer would use his bank website or request to create a virtual card and utilize it for online shopping and payments. The customer does not transmit money from his bank account to the virtual card to make a virtual credit card payment. It is linked to the customer’s bank account, but account information is secured. So cybercriminals and fraudulent can not attack quickly. The data is a hundred percent secure. By creating virtual card through the app, the customer gets a new credit card number with a new expiration date. Cyber attackers can not grab the details of virtual transactions.
Issuers of Virtual Credit Cards:
The cards are, for some time, issued by the central bank, primarily for third-party use.
Ezzocard:
Ezzo Card gives several sorts of virtual credit cards. The most popular is the Green Card. Customers can operate any domestic or international billing address on it, which will be helpful for six months. If someone has Green Card, he can shop worldwide without any monthly fees.
American Express:
American Express is a major credit card issuer that gives VCC services. This card is generally used during checkouts when buying services or goods. This means Amex’s VCCs are linked to specific online retail stores like Walmart and Staples.
Capital One:
Capital One is an essential financial organization that provides VCC services. Their VCC forum is called Eno. Eno is accessible only to Capital’s credit card cardholders.
Bank of America:
Visa and Mastercard cardholders have a free-charge permit to this platform. Customers have the choice to set the card extinction date up to one year in advance, which is favorable for recurring monthly fees. To obtain a Bank of America’s VCC, all customers must log in to their online bank account and then claim it.
Some Virtual Credit with no deposit:
Neteller Card:
Neteller permits the user to make a free account by verifying his email. User can create up to five virtual accounts for different services. He can use this virtual card anywhere he needs.
Bangor:
Bancorp, after completing its testing phase, is now offering virtual MasterCard to its users.
Entropay card:
Entropay offers virtual Visa and MasterCard, which can be used for online transactions via phone or virtual cards.
Instant Prepaid VSVCC:
OKCard:
Customers can make a free virtual card and use it to verify online transactions, payments, and shopping.
Most significant Advantages of Virtual Credit Cards:
Security:
By now, customers have understood that virtual credit cards give an impressive level of data security.
Free Trial:
Virtual credit cards permit the customer to get a free trial without fear of any subsequent charges. The virtual card provides hundred percent security to user and also permits to set transaction limit and expiration date.
Single Dealer:
VCCs can be tied to a single online dealer, and they will only enable money transactions with that specific merchant.
Disadvantages of VCC:
Only Online Transactions:
Virtual credit cards can only be used for Internet purchases. But sometimes, users can use it manually for e-commerce services with the permission of issuers.
Online Purchases:
Virtual cards can not be used for some online purchases such as airplane tickets, the physical credit card is used instead of virtual credit cards.
Virtual credit card is virtually replacements for manual credit or debit card. VCCs are given by all prominent credit card issuers and third-party financial service providers. Generally, the customer would use his bank website or request to create a virtual card and utilize it for online purchases. The customer does not transmit money from his bank account to the virtual card to make a virtual credit card payment. It is linked to the customer’s bank account, but account information is secured. So cybercriminals and fraudulent can not attack. The data is a hundred percent secure. By creating VCC through the app, the customer gets a new credit card number with a new expiration date. Cyber attackers can not grab the details of virtual transactions. Some virtual cards include Neteller Card, Bancore, Okcard, Entropycard, and VSVCC. They provide services of online transactions and shopping.
What is meant by Free Virtual Credit Card?
Virtual credit card is virtually replacements for manual credit or debit card. VCCs are given by all prominent credit card issuers and third-party financial service providers.
Write some famous virtual credit cards?
Famous virtual credit cards include Neteller Card, Bancore, Okcard, Entropycard, and VSVCC. They provide services of online transactions and shopping.
