What Is A Virtual Credit Card

What Does Virtual Credit Card Mean?

Techopedia Explains Virtual Credit Card

• Customers are allowed a minimum and maximum credit limit per transaction each day.
• Virtual credit cards are valid for only a specific time period, specified by the card issuer.
• Customers can usually perform only one transaction using one virtual card where they are able to use all the credited balance or a portion of it.
• If there is any balance amount remaining on the virtual credit card, the amount is credited back to the original account of the customer.
• Virtual credit cards are issued only to the primary card holder, not to any secondary card holders.
• If there is a transaction where the customer has to show the original credit card in which the payment was done, virtual cards are unusable.
• Given that virtual credit cards are non-physical, it is almost impossible to clone them, which makes it highly safe for all online transactions.