What are virtual cards and how it works?
Virtual cards, also known as disposable or temporary credit cards, are gaining popularity as a payment method. They provide an extra layer of security and control over spending. But how exactly do they work? This article will explain what virtual cards are, their key features and benefits, how they differ from physical cards, and how various providers are using them. What are Virtual Cards? A virtual card is a digital, temporary credit card number that can be used for online purchases. Unlike regular credit cards, virtual card numbers are generated on-demand and tied to specific transactions. Once a transaction goes through, the card number expires and cannot be used again. Virtual prepaid cards are linked to your real credit card and pull funds from your available balance. But the temporary card number shields your actual card information. This prevents the virtual card data from being stored or reused by merchants. Some key features of virtual cards: Digitally gene...