Helping Erase Credit Card Debt, Settling Credit Card Debt and More!




Instant Virtual Credit Card

in Credit Card 101

As more and more people worldwide use the internet for information, entertainment, communication and commerce, virtual credit cards have been developed as a more secure way to pay when you buy online. MasterCard, Visa and PayPal are the major financial institutions that have developed the virtual products that are available today.

Virtual credit and debit cards are promoted as being more secure than other electronic methods of transferring money. This is because:

  • Unlike regular plastic cards, virtual are pre-loaded with funds and can be reloaded as funds run down. Only the funds loaded into the card can be spent, so the funds in your bank account are not at risk.
  • They are designed to prevent theft and fraud. There is no actual card, it cannot be lost or stolen. Traditional cards have an engraved number but a virtual card is simply a one-time number generated for a specific transaction.
  • They guard against identity theft because the card number relates to the transaction not to the user. If you are wary of giving out personal or financial details for internet purchases, the virtual option allows your transaction to be as anonymous as you wish.

Virtual cards are a new way to pay for your online purchases, and are a more private and secure alternative to traditional plastic cards which are vulnerable to loss, theft and fraud.

Other posts you might like:

Previous post:

Next post: