Virtual Visa And Master Card and VisaCard For Online Shopping and Online Bill Payment.

Virtual Visa Master Card and visa Card is a virtual card.this is not a physical card.it is mainly use in web based.Globally supported this Card. Hotel Bill,Server Bill,Airline Ticket Purchase Everywhere Supported this Card.

Virtual prepaid cards have the same functions of the physical prepaid cards except that they are only used for online shopping and phone orders. They cannot be used at retail outlets for point of sale purchases since they are specifically designed for making purchases online as well as phone orders. However, virtual cards facilitate a customer’s online shopping experience by making it more convenient and safe for them to make online purchases. Virtual prepaid cards like the physical ones have a 16-digit card number that comes with an attached CVV number. Virtual Visa and MasterCard for shopping online are also valid to use at online merchants where MasterCard and Visa is accepted.

                                    How Virtual Prepaid Cards Are Delivered

Virtual prepaid numbers may be printed on vouchers, coupons, Visa card or MasterCard images. These cards are only loaded by the issuer through an email link to cardholders linking them to a quick-launch screen. There is no production cost as virtual prepaid cards are digital unlike the normal plastic cards. Virtual cards are delivered within 3 to 4 weeks compared to a period of 6 to 8 weeks required for card production.

                                  Differences Between Virtual Cards And Plastic Cards
                 

With a virtual visa and MasterCard, there is no cash access through ATM. Virtual cards are treated as a card not-present transaction by online merchants and are strictly used for online shopping only. Shoppers have access to a Quick Launch Window and a balance limited to $2500 depending on the card provider. Virtual cards can only be reloaded by Corporate. Any transaction made with a virtual credit card can be seen on the primary prepaid card statement.

The virtual card’s CVV number cannot be changed as long as the card is active, unless you ask for a new card. A virtual credit card is an online version of the chip-enabled credit card. The main benefit of virtual credit cards is their ability to protect an online shoppers’ security. Even if criminals access the virtual credit card number, that number cannot be used again. This extra layer of protection is extremely necessary especially when it comes to online shopping or when dealing with a less established online merchant who cannot be trusted. The use of virtual credit cards is not common, hence shoppers may find it difficult to find a trusted online company that accepts virtual credit cards as an option to make payments but some of the most trusted brands such as amazon, eBay, PayPal and alipay support this card for bill payment.

                                 How Companies Can Make Use Of Virtual Prepaid Cards

Companies can make use of virtual prepaid cards in many ways such as using them in Corporate incentive programs which are convenient and cost-effective especially for employees to use such as cash cards, bonuses and travel programs. Virtual prepaid cards can also be used in marketing campaigns since they make it easy for marketers to offer their customers value added promotions with little cost and less effort.

Companies can also distribute event tickets on a virtual credit card, where recipients can buy their tickets online. A virtual credit card consists of a CVV number and a 16-digit number including an expiry date. Virtual prepaid cards also enable employers to make low/short term payments to their employees who are remote or work part time. These are employees who are not in the regular payroll cycle and a virtual card makes it cost-effective and convenient to make such payments.

If your normal credit card gets compromised, your next bill may surprise you, but using a virtual credit card reduces the risk of bogus charges. When shoppers make online purchases from big online merchants like Amazon or eBay, they are confident enough that the company will not abuse their card number. However, an online merchant may be very new or with a small online presence thus making online purchases a risky affair. This merchant has access to your card number, security code, expiry date as well as your billing address. This is all an unscrupulous online merchant needs to rip you off in a matter of minutes. While it is a fact that you cannot be held liable for unauthorized charges, your account may lack enough credit for your other valid online purchases if the charges do not get reversed to your account. Paying with your virtual credit card number enables you to shop safely even when you do not trust your merchant.

The virtual credit card has a randomly-generated card number that is related to your normal credit card and depending on the card provider, you can set a maximum charge to protect your online transactions further. The virtual credit card looks no different from the ordinary credit card to the online merchant since charges will appear on the regular bill, although the online merchant has no access to your actual card number.

                                               How To Get A Virtual Credit Card

A ShopSafe service is offered by the Bank of America to any MasterCard or Visa Card holder who is also an online banking user. ShopSafe allows you to set your own maximum credit limit as well as the configuration of the card’s expiry date. Citibank has a similar service that also lets you set your own expiry date and credit limit and has an optional windows-specific app that automatically fills in your credit card details. Some credit card providers like MasterCard have their own virtual prepaid card service although hey can choose whether or not to offer this service. The credit card provider should be able to confirm the availability of this service.

                                             The Downsides To Virtual Prepaid Cards

One of the major disadvantage of a virtual credit card is the it is exclusively meant for online shopping. A virtual credit card cannot be used where swiping a physical credit card is required. In case a virtual credit expires, returns can be an issue which means you may be forced to take store credit. In extreme cases a crooked merchant may take payment and fail to ship the purchase meaning that you will have to dispute the charge even if you used a virtual card number. The virtual credit card number may still serve as a buffer between online merchants and your normal credit card details.