Virtual credit card

(Virtual credit card is known in English as "Virtual Credit Card").

A virtual credit card is a digital version of a physical credit card that is used specifically for online payments.

Virtual credit card

The virtual credit card offers a modern solution for secure and convenient online shopping. It works in a similar way to a physical credit card, but without a physical plastic card. Instead, users receive a unique card number, expiration date and security code that can only be used for online payments.

Using a virtual credit card offers several advantages. Firstly, it increases security as the actual credit card information is not transmitted online. Secondly, it allows better control over spending as users can set amounts for online purchases in advance. Thirdly, it protects against unauthorized charges as the card is only valid for a limited time and/or for a certain amount.

Virtual credit cards are often issued by banks or payment providers and can exist in different forms depending on the provider. Some virtual credit cards are reloadable, while others are intended for one-time use only.

Payment providers such as Payrexx integrate virtual credit cards into their platform to offer merchants and customers a secure and flexible option for online payments.

Virtual credit card examples

A customer creates a virtual credit card with a specific balance to set a limited budget for online purchases.

A person uses a virtual credit card to make a secure one-off payment on an unknown website.

A company provides its employees with virtual credit cards to control spending on online business purchases.

Virtual credit card FAQ

  • No, virtual credit cards are normally only intended for online payments.

  • You can apply for a virtual credit card from your bank or an online payment provider such as Payrexx.

  • Virtual credit cards offer an additional layer of security as they cannot be physically stolen and only contain limited information.

  • Yes, some virtual credit cards can be topped up and used for repeated transactions. However, others are only intended for one-time use.