by Trevor Rocious
To benefit from online services, you need a Virtual Credit Card (VCC). It's also known as "prepaid card" by some companies and enterprises.
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With the growing technology, most shopping services online transact with credit card. Virtual credit card exists among many extensions of credit cards, it helps to conceal the information and details of your real credit card in online transaction. Asides payment in online services and the aforementioned purpose, the Virtual Credit Card doesn't have much use. One of the distinct difference between real credit card and Virtual Credit Card is that the latter doesn't have physical form, so it's virtual in the sense that it can't be used for physical transactions but rather for online transactions unlike the real credit card. Based on the high rate of credit card information theft, the Virtual Credit Card can also help to protect the real credit card information from hackers. Apart from the user, the details VCC lies worthless to anyone.
Banks and e-commerce businesses provide their own virtual credit cards to users. These VCCs have merit and drawbacks. It's expected of you to select the one deemed fit for you amongst the Best Virtual Credit Card Providers in 2023. This unique characteristics of securing information has played a pivotal role to making VCCs one of the most reliable means to pay cash on web. You can check out any of these Best Virtual Credit Cards for secure online transactions.
Virtual Credit Cards helps to keep the information of your bank account/credit card safe. Payments done with Virtual Credit Card are reliable and safer than using your physical credit card. None of your details can be shared with merchants because it's a randomized online number. So the usage of VCCs prevents any potential credit card theft and someone else cannot use your VCC information for online transactions.
Virtual Credit Cards is subject to change, you can specify the information of your Virtual Credit Card at the point of issuance, unlike real credit card that have it already done by the issuing agency. VCC details are set based on what you require, and can be changed throughout the the term of use. VCCs can actually help you to regulate how you spend on a specific site, in case you want to deny yourself from spending too much, you can also set your spending limit. At times, there is possibility of over-limit consequences on a Virtual Credit Card same as the real credit card, endeavor to go through the rules and regulations of your VCC. Although, providers determine the limit, this additionally give reason to checking the providers which match your requirement.
In online transactions, VCC has a standard and become famous as well as a method of transactions under a lot of e-commerce businesses. Vendors have developed that sense of trust towards VCC reason being that it's a safe means for buying and selling on web. Although, some site or online businesses doesn't accept it. It needs a payment system for processing it and not all the merchants have this system in place. Well-known online businesses have Virtual Credit Card Readers, but this issue come up with small and medium scale online business.
Virtual Credit Card is ideal for making purchases from international online businesses. VCC automatically helps you to exchange your currency credit with the currency you have to pay in. This is a perk over the others, which you have to charge your credit card with USD to run your business, if for instance your are buying from American e-commerce. With VCCs you can easily exchange EUD for USD, this saves your time in online transaction. Endeavor to confirm if this feature is available in the card you wish to generate.
Walmart provides prepaid card to users and you earn as you use it. You get your earnings back annually, in the following order;
| Walmart online purchases | 3% |
| Muphy USA | 2% |
| Walmart stores | 1% |
You can make up to $70 if you consistently use your Walmart Money Card. But, this card is only accessible to US citizens. It is owned by a company in US, so it's only limited to US citizens, you can also get prepaid visa charge cards and prepaid visa. Aside from all this limitations, the Walmart money card can be used to make free online transactions and getting the card is apparently easy. With this card you can perfrom multipurpose action like making online payment, Internet business, shopping on web. Issuance is by Green Dot Bank with the permission granted from MasterCard Int. Inc.
Payoneer offers links between numerous businessmen and freelancers worldwide, it delivers mass payout services and multiple accounts can be linked to your payoneer account. This card is prepaid and it is not associated with bank account. Payoneer VCC is acceptable globally, payments can also be made to most e-commerce merchants via their VCC and MasterCard. Actually, the VCC is free but there is a percentage cost on your transactions. It serves as connection between clients/buyers and freelancers/sellers.
Learn more in the video below
Neteller Net+ is one of the most safest online virtual bank account, that provide free virtual credit card and enables you to perform transactions with other sources. With Neteller VCC you can connect your account directly to e-commerce for transactions, one of it's biggest benefit is that Neteller has links to Skrill and PayPal. A lot of people around the world make use of this VCC, so you can also get your own free to be a beneficiary.
Learn more in the video below
This VCC is one of the famous and leading Virtual Credit Card Providers worldwide, it is also a business structure that enables freelancers and businessmen to carry out payment and reception of money. They have this distinguishing feature that differentiate them from others by offering clients products and services. American Express gives free VCCs which is inclusive in its credit card services. Web-based shopping, online business and payment of cash to global sites are features of American Express cards. If you wish you can get a physical form of your American Express VCC, but mostly it's issued to companies who can practice safe spending with it. More so, there is a system American Express utilize to reward the use of their VCC.
Netspend is another finance platform and Virtual Credit Card Provider, which include Visa Debit card and Prepaid MasterCard. Just like Payoneer, the virtual credit card is free but there is a percentage cost on your purchases. One of the reliable feature of Netspend is that when you open an account, it doesn't check your credit score. Bancorp Bank is in charge of issuing Netspend Visa Prepaid Card, with permission grantedby Visa USA Inc.
Learn more in the video below
https://m.youtube.com/channel/UC45gbTDoP_1ZpqhNG73O_SQ/about?sub_confirmation=1
Are you in need of reliable VCC? Here is one, Entropy has been keeping best record since 2018 amongst the best Virtual Credit Card Providers. Entropay is also an online business platform that enables freelancers and businessmen to carry out payment and reception of money. What are the requirements for getting this card? All you need to do is provide some data which include email address, username, password and name. No cost is attached to getting it, you can connect the VCC to your back account or request for Prepaid Virtual Credit Card.
Bank freedom is one of the competent Virtual Credit Card Provider, they provide a reliable service and offers perks that distinguish them among best Virtual Credit Card Providers. This VCC is specifically designed in such a way that it correlate with your requirements. The registration process is quite easy and doesn't invoke any harm.
This is an Indian established company, which stand out amidst others to offer one time usage. Which denotes that anyone who steal your card information can't use it. Kotak Netcard have feature of a typical Virtual Credit Card such as online shopping, online exchanges and web-based transactions.
Dhani Pay have similar niche as Freecharge VCC, also offer portable wallet alongside with Virtual Credit Card. This VCC have reward system too by giving cash back, another fact about it is that Dhabi Pay is the former Udio Prepaid Virtual Card controlled by RBL Bank. As all cards have their uniqueness and limitations, that of Dhabi Pay is if you could afford to pay small fee, you can access the airport lounges across some cities.
For those who want to generate portable wallet in India, Freecharge is one of the best wallet. It's supported by any online platform that accepts MasterCard, meanwhile you can pay using Freecharge Go app and this attract no commission. With an MPIN, you can also secure your Virtual Credit Card.
For all this Virtual Credit Card aforementioned, you have to choose perfectly that which fit your requirement. As said earlier, all these VCCs provider have limitations and peculiar features that make them stand out amongst the companies. For example, as a freelancer Payoneer is one of the option that will be given to you.
About Trevor Rocious
Trevor Rocious is a prominent science blogger known for his engaging and informative content in the field of scientific exploration and discovery. With a passion for unraveling the mysteries of the universe, Trevor has captivated a wide audience with his ability to communicate complex scientific concepts in a relatable and accessible manner.
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