What is a Virtual Credit Card?
A virtual credit card is a card that exists in a virtual world. It does not have any physical shape or size. The validity of the card is also transaction limited. The card has come into vogue so that the transactions can be done in the cyber world without using the physical card. This is to instill confidence in the user about the security of the transaction. Whenever a transaction is to be done through the credit card, and if it has an option to generate virtual credit card, it would give you an option of generating the same on screen, before the transaction is to be completed. This is done through a note or a dialogue box that would pop-up on the screen and would ask you whether you want to use the virtual credit card to complete the transaction. Virtual credit card therefore can also be termed as a pre-paid card in the virtual world. As the virtual credit card is a pre-paid card with a fixed denomination value, it can only be used for a specific transaction and after that the card i
A Virtual Credit Card is a prepaid & non-reloadable card that works like a real credit card. It can be used for online shopping & purchases at websites, online merchants, internet shops & web stores over the internet. Even it can be used for purchases over the phone and fax order where physical presence of card is not required.
