The CVV number of a virtual credit remains the same if the card is active irrespective of the number of transactions a customer makes. Instant online application and blocking facilityĬardholders can apply online and block their VCC instantly online in case of any suspected fraudulent activities.Its credit limit is identical to that of the primary card.Īs card issuers provide VCCs online, customers can access them immediately for required transactions. Users can transact multiple times within this limit. Similar to physical credit cards, VCCs also come with a set credit limit. In some cases, a cardholder can cancel the card if they do not require it. As the card is available only online, thus minimising the chances of misuse or theft. The card number generated is valid for a specific period ranging from 24 hours to 48 hours. Virtual credit cards come with a one-time usage option. While it serves as a virtual extension for a physical credit card, customers can only use it for online transactions. Most major credit card issuers offer virtual credit cards (VCC) to ease customer transactions and improve security. Here are some pros and cons of owning a virtual credit card. However, all these details are only available online. It’s similar to your conventional credit or debit cards with a card number, CVV, and validity dates. Customers can use them to carry out online transactions. Virtual credit cards are digital cards that are available online and don’t have a physical form.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |