This article discusses the benefits and workings of virtual credit cards, offering a secure alternative for online and over-the-phone transactions by generating temporary card numbers linked to one's primary credit account.
- Virtual card numbers provide a secure layer for online transactions, protecting the primary account details.
- They can be immediately issued, customized, and revoked as needed, offering flexibility and control over online spending.
- Virtual cards reduce the risk of fraud by allowing transaction-specific controls and immediate deactivation.
- They are cost-effective and operationally efficient compared to physical credit cards.
- Virtual card numbers are generated instantly and can be used for one-time payments or multiple transactions.
- They differ from smartphone payment apps by being platform agnostic, usable across various online merchants and payment processors.