VCC or Virtual Credit Card is a prepaid credit card or you can also call it as a debit card because there’s no credit facility on it actually. These virtual cards are good for online usage as even if the card information is compromised, the hacker cannot use them beyond the loaded balance and the present daily usage limits.
These days a lot of online wallets are offering a virtual credit card to make their wallets more flexible and usable across multiple merchants. Even the banks are offering disposable one-time prepaid cards to their customers to keep them safe from frauds. Here’s a look at some of these services which offer How to Generate VCC Online with Money? or in some cases even a physical card to their users.
How can you get virtual cards online?
You may wonder how to get virtual cards from a company like Privacy.com. The entire process is handled through the internet. This means you don’t have to fill out lengthy paper documents or go to a physical location in person. In addition, no credit check is required for privacy.com accounts.
What kind of safety measures does a virtual card provider take?
Safety and security are very important as a virtual card provider (it’s the reason you sign up for the service in the first place). In order to issue a virtual payment card, we undergo rigorous internal and third-party audits. In addition, many virtual card providers have held to the same rigorous PCI-DSS (Payment Card Industry Data Security Standard) requirements as your bank or credit union.
How to Get a Virtual Credit Card
Virtual credit cards are available in two ways: either directly from your bank if you have a credit card issued by one of the banks that offer this service, or by linking a pre-existing card from another bank to an online service.
Currently, three major American banks offer easy access to virtual credit cards to their cardholders:
- Citibank offers virtual credit cards for almost all of its cardholders. If you have a Citi card, simply enroll and then use the bank’s website to generate virtual card numbers as needed.
- Citibank’s service doesn’t allow you to use virtual numbers in an ongoing way — so don’t enter one for a subscription you want to renew.
- Bank of America offers a service called ShopSafe for Bank of America Visa and Mastercard (but not American Express) cardholders.
- It’s a pretty slick-looking experience; when you log into your online banking account, ShopSafe generates an image of a credit card, with the new token.
- You can set your expiration date up to one year in the future, and enable an option for recurring monthly payments to handle the subscription problem.
- Capital One’s service is called “Eno.” It, too, is only available to Capital One cardholders, and only to personal cards (see below for business options).
- Eno uses a browser pop-up window to log you in to create a virtual account number, so you can only use it with Chrome or Firefox (for now).
- Eno lets you create account nicknames, and keeps a list of all the numbers for you, so if you want to find the numbers you’ve used with your cable company, Amazon, and Netflix, they’re all in one place in your account.
- You can’t set a special spending limit on virtual card numbers; instead, the spending limit is the credit limit on the normal Capital One card the virtual number is linked to.