Has your debit card number been used maliciously? Want to actively protect your money online?
Virtual payment cards have a proven track record of paying with debit cards linked to your main account. This is an easy-to-use tool to prevent hackers from accessing your money if your online shopping spree turns into data breaches or misuse.
For those familiar with money and technology, this is already the preferred alternative to paying with the main plastic VISA or Mastercard. Instead of withdrawing the actual card during online payments, or worse, instead of storing information for your next quick purchase, you usually have a temporary virtual payment card with your own reloadable balance. It’s best to use it.
You can access your virtual card through your existing online banking or e-wallet / mobile wallet / digital wallet provider such as any private virtual card provider / issuer, buy iCard Digital Bank, or iCard company.
We’ve put together a short, individual blog post on a quick introduction, the most common use cases, and how to get started with two free virtual cards quickly.
Now let’s explore all the magic behind virtual pay credit and debit cards and why plastic carrierless cards are so useful.
Table of Contents
What is a virtual card?
Virtual card basics
Retail stores, cafes, theaters, restaurants, public transportation, etc. Since there is no physical card that can be swiped or touched on a point-of-sale terminal, these are payment methods, usually VISA or Mastercard, and can only be used for remote or online payments.
They can be enabled for a long time using the option to remove. Alternatively, it can be a disposable, temporary, or disposable card, typically created for a single transaction or proof of service.
What exactly is a virtual card?
This is a combination of virtually generated payment card details. 16-digit card number, name, expiration date, CVV / CVC security code, everything that comes with your payment card, like any other VISA or Mastercard, standard debit or credit. There is no personalized embossed card, so it can be easily removed with a single use.
What are the benefits of virtual cards?
Virtual cards for online payments help protect you when shopping on the web. They are easy to create and can be easily removed with each payment. That way, hackers can’t steal money from you using the details of the stolen card.
Anywhere in the world, you can find a provider that offers so-called anonymous virtual cards that allow you to pay with any cardholder name entered on the payment form. These may provide more privacy in certain situations. We comply with our European regulations to remotely identify all users before opening an e-commerce account, wherever they are within the EEA.
Benefits of virtual cards
Find out why virtual cards are such a great product that keeps us safe while shopping online.
Safety:
Using virtual cards for payments reduces the risk of being a victim of fraud. PINs are never stolen and unlike plastic debit cards, they cannot be used for offline purchases or ATM transactions, so no one will see you’re PIN.
A little anonymity:
The security of personal and payment data has become a concern for an increasing number of people who prefer to store their personal data online for convenience. Virtual debit cards are perfect for anyone who doesn’t want to provide information about their valuable card numbers or bank accounts.
Price:
It’s no wonder that virtual cards are more commodities than traditional credit and debit cards, as there are no physical carriers or shipping charges to record the details. No delivery means that you can post and access them instantly online.
Save time:
It is true that some physical banks may offer virtual cards, but these are generally considered innovative products. Like us, iCards generally do not require opening or setting up an account, visiting offices or branches how to register on swiggy, and can submit and review all required documents online. Virtual cards can be ordered via the web or mobile apps, significantly reducing the time it takes to get started.
