Virtual Card
Digital-only card details for secure online transactions.
Detailed Description
Virtual Card
What is a virtual card?
A virtual card is a digital representation of a payment card used for online transactions, without a physical counterpart.
How do virtual cards enhance security?
Virtual cards reduce fraud risk by not exposing the user's actual card number and often include features like temporary numbers and transaction alerts.
What are the two main types of virtual cards?
The two main types are single-use virtual cards for one-time transactions and multi-use virtual cards for multiple transactions.
Can virtual cards be used for in-store purchases?
No, virtual cards are primarily designed for online transactions and may not be accepted at all merchants.
Who are some popular providers of virtual cards?
Major banks like Capital One and Chase, as well as fintech companies like Privacy.com and Revolut, offer virtual card services.