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 similarly to a physical credit card, but without a physical plastic card. Instead, users receive a unique card number, expiry date and security code, which can only be used for online payments.
Using a virtual credit card offers several advantages. Firstly, it increases security because 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 unauthorised debits, as the card is only valid for a limited time and/or for a specific amount.
Virtual credit cards are often issued by banks or payment providers and can exist in various forms depending on the provider. Some virtual credit cards are rechargeable, while others are intended for one-time use only.
Payment providers like Payrexx integrate virtual credit cards into their platform to offer
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 expenses for online business purchases.
Virtual credit card FAQ
Can virtual credit cards be rechargeable?
Yes, some virtual credit cards can be reloaded and used for recurring transactions. However, others are only intended for one-time use.
Are virtual credit cards more secure than physical credit cards?
Virtual credit cards provide an additional layer of security, as they cannot be physically stolen and contain only limited information.
How do I obtain a virtual credit card?
You can apply for a virtual credit card from your bank or an online payment provider such as Payrexx.
Can I use a virtual credit card for physical purchases?
No, virtual credit cards are normally intended exclusively for online payments.
