A virtual payment card is not a traditional payment card

A traditional payment card that will be replaced by a virtual payment card.

Thanks to modern technology, nowadays we can encounter a variety of payment tools, gadgets and systems. A typical example is virtual payment cardwhich people often confuse with a traditional credit card. Whether it's debit or credit. However, the reality is completely different, as we will convince you in the following lines.

What is a virtual payment card?

First of all, it is necessary to explain the meaning of this word. A virtual payment card does not have this name for nothing. The term "virtual" reveals that it is not a physical payment cardbut the virtual one. Essentially you get the same thing as a credit card - card number, expiry date and security code. However, you can't use the card in the same way as a traditional one.

Important questions and answers

With virtual payment cards Naturally, there are many different issues related to their use. We now bring you the essential answers. Find out everything you need to know about virtual payment cards.

What is the purpose of a virtual payment card?

You can only use it to pay online. This means you can't use it to pay in a shop like you can with a traditional physical card.

Are there any advantages to a virtual card?

Yes, the inability to pay in the shop can be considered one of the pros. It is perceived as an alternative to a regular card, which for security reasons you do not want to use when paying online.

Who is the virtual card provider?

These are not only banking institutions, but also other companies. This means that with a virtual credit card you can have money separated from your bank account.

Can I use a virtual payment card to pay by mobile phone?

As the virtual payment card is only used for online payments, this is not possible. Traditional in-store payments are not possible with this card.

How can I make my credit card use more secure?

For example, you can set daily, weekly or monthly limits depending on who the virtual card provider is. This will minimize any financial losses in case of misuse. This step is definitely worthwhile.

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