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 used specifically for online payments.

Virtual credit card

The virtual credit card offers a modern solution for secure and convenient shopping on the Internet. It works similarly 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 be used exclusively for online payments.

Using a virtual credit card offers several advantages. First, it increases security, as actual credit card information is not transmitted online. Second, it allows better control over spending, as users can set amounts for online purchases in advance. Third, 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 for one-time use only.

Payment providers like 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-time payment on an unknown website.

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

Virtual Credit Card FAQ

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

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

  • Virtual credit cards provide an additional layer of security because they cannot be physically stolen and contain limited information.

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