A virtual credit card (VCC) is essentially a disposable version of your static debit or credit card that. When used for online purchases, can reduce the likelihood of credit card fraud.
Virtual credit cards are an exciting step towards smart company spending. They give businesses a more secure, more personalized. And more trackable way to pay for things online.
A virtual cards let employees pay for the things they need right from their desktop. They’re quick, completely safe, and far easier for finance teams to manage.
What Is a Virtual Prepaid Card?
A virtual prepaid card isn’t actually a card at all. Once you apply for one. A physical card won’t be sent, unless you specifically request it. Instead, a virtual number is supplied to the user.
This 16-digit number can be used just as a credit card would be used online. The user simply has to enter the virtual card number. The expiration date, and the security code in order for the payment to be processed.
How does a virtual card work?
Virtual credit card numbers can be used to make online purchases just as a regular credit card. The difference is that most virtual credit card numbers have limitations on where and when they can be used that help prevent them from being used by data thieves.
In other words, instead of putting your actual credit card number into the payment box when shopping online. You can mimic the EMV technology in your chip card by using a random number that’s specific to that merchant or transaction and can’t be used to make unauthorized purchases anywhere else.
Benefits of virtual cards
- Your long-term payment and personal information is better protected.
- Your account’s risk of being compromised is low.
- If your virtual card is linked to your physical credit card, transactions are traceable.
- Even with a single-use token, returns work as normal with a virtual credit card if it’s linked to your credit card account.
HOW TO GET A VIRTUAL CREDIT CARD
Founded in 1999, Paysafe Financial Services Limited provides businesses and individuals with an online alternative to traditional payment methods.
Neteller helps customers get their money where it needs to go securely and privately. And give businesses an option for accepting payments and making payouts in markets where traditional methods may not work.
Millions of customers around the world have used NETELLER to pay and get paid and to send money around the world. With a host of online and offline withdrawal and spending options. They also enjoy instant access to their cash at millions of point-of-sale, ATM and online locations.
As a freelancer, this will be one of your favorite payment options. This VCC is available via mass payment companies. And if you are a freelancer working on any of the freelancing platforms. This is one of the payment options you will be given. It is a global Virtual credit card provider that provider tons of benefits, especially for freelancers, are who looking for a reliable way to get money from buyers and clients from other countries.
How do I apply for a Payoneer Account?
To apply for a Payoneer Account, simply log in to your online account with your Payoneer mass payout company, select Payoneer as your payment method, and you will be directed to an application page.
If you do not have an account with a Payoneer mass payout company and would like to receive payments via our Global Payment Service, you can apply for an account directly through the Payoneer website.
Please note: You should only sign up if you are expecting to receive payments from our official mass payout companies or via the Global Payment Service. All applicants are required to be over the age of 18.
How do I apply for a Payoneer Virtual Card?
The Payoneer Virtual Card is only available with select Payoneer mass payout companies. In order to check if your Payoneer mass payout company provides this option, please log in to your account with them and check if the “Payoneer Virtual Card” is listed as one of the payment methods.
How do I activate my virtual Payoneer Card?
To activate your virtual card:
- Sign in to your account.
- Select Settings → Card Management.
- Locate the virtual card requiring activation and click ACTIVATE
- Follow the on-screen instructions to activate your virtual card.
The ecoVirtualcard is a one-use payment card (expires after one use). That works directly with user’s ecoAccount so the owner can securely pay for goods online and over the phone. Without displaying any personal or financial information.
The ecoVirtualcard can be purchased instantly with no credit checks or bank account required. The card is available in three different currencies — Euro, GBP, and USD.
ecoPayz’s ecoCard is a prepaid card that can be used with an ecoAccount to spend online and in person. Wherever Mastercard is accepted. Available in three currencies, it gives users control over personal finances as they can only spend what is available in the ecoAccount.
The card is free, quick and easy to apply for with no credit checks or bank account required. Users can access their ecoAccount funds instantly and top up the balance anytime, anywhere.
In May 2014, ecoPayz launched its app (free download), giving customers the freedom to use their account 24/7 whether on their iPhone, iPad, or Android device. Get ecoPayz App