Using Virtual Credit Cards
A virtual credit card, also known as a disposable credit card, is a tool that makes online shopping safer and more secure. Keeping your personal information safe when buying items is essential, and virtual credit cards are an easy way to protect yourself.
Creating a Virtual Credit Card
To get a virtual credit card, you’ll need to sign up for a virtual credit card provider such as Entropay or Privacy. Once you sign up, you can generate a unique virtual credit card that is linked to your payment card. You’ll be able to set your own limit for the virtual card and when the amount is reached, or the validity of the card expires, the virtual card will be automatically closed.
Using Your Virtual Credit Card
You can use your virtual card just like a standard credit card when shopping online. Simply enter your virtual card’s details when making a payment. Some advantages to using virtual credit cards are that they’re easy to use, they can help you control spending, and it’s easy to keep track of your purchases since you’ll be able to see everything in your virtual credit card provider’s app or website.
Benefits of Using a Virtual Credit Card
- Increased Security: Virtual credit cards are separate from your existing card so if the company you’re buying from has a data breach, your personal information won’t be stolen.
- Fraud Protection: You’ll have an extra layer of protection for online purchases since it is almost impossible for fraudsters to guess the number and expiry date of your virtual card.
- Privacy: Virtual cards don’t have your name or address on them, so it’s harder for merchants to track who you are.
Overall, virtual credit cards are a great way to keep your personal information safe when shopping online. They’re easy to use, they offer increased security and fraud protection, and they offer additional privacy.