What is a virtual credit card?
A virtual credit card is a special card designed to pay for online purchases. Usually, such a card has the form of a prepaid card, which allows for secure purchases up to the amount that we have paid on this card.
Virtual credit cards are being offered by more and more banks
The virtual credit card enjoys great and growing popularity on the web. This is probably caused by:
Low costs of issuing a virtual credit card
Issuing a virtual credit card is cheap, because it usually involves the bank sending a card number to the e-mail address of the customer. Of course, the costs vary depending on the bank that issues the card as well as the type of card issued. The price is also affected by the limits that we can use while shopping, and the limit of the maximum amount that can be on the card.
The cost of issuing a virtual card is 5-15 PLN
Sometimes a virtual card (the same number without a physical card) is confused with a prepaid card – the principle is similar, but its cost is higher due to the need to create its plastic, electronic version.
Card issuing speed
A virtual card can be available within a few minutes to 24 hours. Of course, the card is still empty. You will receive a special account number along with the card. Thanks to the quick payments available, it can top up such a card efficiently and quickly.
Virtual credit card security
The undoubted advantage of this card is its security. This card usually does not hold funds, it is only transferred when you have to do some shopping on the Internet. Even if someone would steal your card number from you, or a store would dishonestly charge your card again, it would do nothing to him. There is normally no money on this card.
Virtual credit card as a gift idea
You can buy such a card as a gift and top up your card, e.g. on your birthday, name day or other gift. Currently, you can buy everything on the Internet, so such a gift will be not only welcome, but also very useful for the recipient.
In addition, this type of gift solves the problem of choosing the right gift for a person whose taste is little known, or just the opposite, and we know that whatever we bought, we will not hit the gift.
Various online games are becoming increasingly popular in which you can buy new options and develop characters, buildings or the game itself. Using such a virtual card, be it for yourself or your child. We are sure that even if a game is hacked, no one will spend our money. Unfortunately, I once experienced a situation in which an unauthorized person used my card to buy add-ons in the game … Today, he would not have such an opportunity.
A virtual credit card does not require an account
You don’t have to change your account to get a virtual card in another bank. Banks offering such a card do not require opening an account with them. It gives you the freedom to choose the virtual card that’s right for you because you don’t have to change your bank account.
Adding all the advantages of a virtual card, the conclusion is that with such a low cost of making this card, everyone using online payments should have it.
Especially in places where there may be a risk of intercepting or stealing credit card information.