Have you ever wondered what the virtual credit cards actually are? What is it that makes them different from your day to day cards? How do people shop with it? Why do some many individuals turn to a cc shop? Well, there are a number of things that go along side by side when we talk about digital credit cards. These cards came in as a solution to credit card theft. It is to make the process more secure and safe. There are numerous retailers online that provide you a chance to acquire virtual credit cards. But the real this is what are these cards and how one can stop using them.
Working of VCC
The virtual credit cards are software based cards or accounts. A computer program generates a particular card for you. The details of it are provided just like a regular credit card. However, the only difference is that it does not have any physical existence. It is only present in computers from where all the dealing and transactions are done.
So, as you acquire these cards, you can put your money in it. The cards come with a particular expiry date and number of transactions permitted. In a given time, you can shop as per your desire. However, if the card is expired and some money is still left in it, the amount will be returned to your original account.
How you can shop with a virtual card?
First of all, you need to understand that the virtual cards can only be used over the internet or on the phone. You won’t be able to use them at any place where you are required to swipe the card physically and then proceed with entering the details. So, it becomes useless with physical retailers and rightfully so because it is a virtual credit card and it is to be used primarily for digital transactions and online purchases.
First, you need to acquire the details of your virtual card. It depends on which vendor you choose. Whether you go for an authentic institution or a bank or you proceed with a cc shop is solely your choice. In this step, you need to acquire details about your credit card.
Usually, you will be provided a username and password for login to a certain platform. That place will hold information about your virtual credit card. Once you log in there, you can acquire the details about your virtual card which include various numbers and pins.
Now, as you shop online, you just have to use the information of your virtual card instead of the actual credit card. There is no special option to distinguish between the two. When you are purchasing online, simply put in the details of your virtual card that you have acquired via your card provider and use it for your shopping.
The virtual cards are valid for a certain number of uses over the specified timespan. If your card expires, the amount will be returned to your original account.