Business Ideas

A virtual credit card is a disposable payment card that can be used to make purchases or payments over the Internet. These cards provide inherent protection to cardholders, since the user is provided a new credit card number every time s/he makes a purchase on the Internet. This is why this card is sometimes also called the “single-use card numbers”. Virtual credit cards are available as the MasterCard Gift Cards (by MasterCard) and Virtual Visa Gift Cards (by Visa), and work in a way that is similar to an online gift voucher. Virtual credit cards are issued by most credit card issuers and major banks.

Virtual Credit Card: Features

Although a virtual credit card is payment solutions for online business , it has several distinguishing features, such as:
It works like a prepaid card, where the credit limit equals the amount you want to be available on the card.

A new credit card number is issued every time a cardholder wants to make a purchase. Thus, there is no possibility of your credit card being used fraudulently.

* Cardholders can set the monetary limit and the expiry date for their virtual cards.

* While the virtual number of a card is linked to a real credit card number, only the cardholder has the knowledge of this information.

Virtual Credit Card: Benefits

Virtual credit cards:

* Are convenient to use, since all the information is stored online. This eliminates the need to remember your card number or search for the details.

* Enable cardholders to complete a purchase transaction within a few clicks.

* Are very secure and provide safety to people against identity theft.

* Can be used by companies that need to issue “trial” cards.