![]() This request is usually made through an online account. Virtual credit cards are usually accessed through a request to one’s bank or creditor. Here’s everything you should know about virtual cards and whether having one is right for you. ![]() Virtual credit cards have surged in popularity in recent years, thanks largely to the rise in online shopping alongside the rise in cyberattacks and identity theft. ![]() Online retailers and services never even have access to the information itself, and the next time you use the feature, an entirely new number is generated in order to help avoid hacking or fraud. Through their system, rather than entering your physical card’s information into a website when making an online transaction, you’re redirected to your online account where a 16-digit virtual number and security code are instantly generated and used to authorize the transaction. For example, Bank of America offers a version of virtual credit cards called ShopSafe. Virtual credit cards are generally not standalone lines of credit-meaning, they’re usually generated in connection to an existing credit account. If you’ve ever felt concerned about entering your credit card information into a website for fear that it might be stolen by hackers, a virtual credit card might be an attractive option. A virtual credit card (also known as a virtual card) is a temporary digital card number that is used for online payments.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |