1. What is a virtual credit card?

Virtual credit card, also known as: virtual VISA credit card, VISA virtual credit card, VISA virtual card, VISA international credit card, task card, game activation card, PayPal activation card, EB activation card and iOffer activation card, etc., is This product is launched for users who do not have an international credit card or are worried about the security of credit card payment and need to shop online abroad, activate various online accounts, recharge, etc.

Virtual credit card is a virtual account number derived based on the BIN code on the bank card. It does not have a physical card carrier, but it can be used for payment and settlement.

A virtual credit card is simply a credit card without a physical card. A virtual credit card only has a string of virtual card numbers. It can be mainly used for online consumption and payment, or used with mobile devices. It is functionally the same as a physical credit card. Pretty much, you can participate in various credit card promotions.

There is no precise definition of a virtual credit card. We derive its name probably from the fact that physical credit cards (cards issued to us after applying to the bank in daily life) and virtual credit cards are not There is no physical introduction to the entity. The physical credit card has a physical card, which can be swiped at the POS machine for consumption. The virtual credit card only has an electronic card number + date + security code. In short, the virtual credit card cannot be seen or touched. No, but it has the same functions as credit cards such as Visa or Mastercard. So it is called a virtual credit card.

Virtual credit cards can be divided into three categories according to their relationship with physical credit cards and implementation methods:

1. Master card virtual card, which is used for an independent and complete main account. Rely on physical credit cards, such as CCB Dragon Card e-payment card;

2. Supplementary cards that rely on physical cards, that is, supplementary card virtual cards, such as Bank of China virtual credit card and CITIC online payment card. Such credit cards can Apply for several virtual card accounts through one main card, but you do not need to repay each account separately when repaying, nor do you need to pay additional annual fees, everything can be left to the main card;

3. Mapping Virtual cards, such as credit cards used in Apple Pay, Samsung Pay, HCE Cloud Quick Pass, etc.

Virtual Credit Card

2. What is the use of virtual credit card and what are its application scenarios?

1. Payment of e-commerce operating expenses + multi-platform advertising

The cross-border e-commerce industry is booming. Aspiring domestic sellers going overseas need to consider in addition to product selection, marketing, In addition to important factors such as logistics, you also have to face a large amount of overseas operating expenses, such as e-commerce platform store fees (such as Amazon, eBay store fees), seller tool fees (such as Jungle Scout, Refunds Manager, AMZ Tracker, etc.), website building SaaS applications System fees (Shopify, bigcommerce, 3Dcart, etc.) and payment tool fees (such as PayPal, stripe, etc.), etc.

Virtual cards have the characteristics of short acquisition cycle, convenient online recharge, convenient expense management, efficient and safe payment, which exactly cater to the payment needs of cross-border sellers.

In addition, advertising on mainstream social platforms, search engines, and application markets has increasingly become an important channel for sellers to attract traffic. Virtual cards also support cross-border sellers on multiple types of advertising traffic platforms (such as Facebook, Tiktok, Google Adsense, etc.), its prepaid and recyclable recharge features ensure the stability of advertising delivery.

2. Overseas shopping

Many individual users who do not have international credit cards or are worried about the security of credit card payments also use virtual credit cards to purchase goods independently on various e-commerce platforms and brands. I picked up my favorite products online. For example: Amazon UK, Ebay UK, Google Fi, Google Play and other Google-based platforms have become more convenient because virtual credit card payments are available.

3. Business travel booking and payment

In the Internet era, the methods of booking, purchasing business travel hotels and air tickets through brokers and travel agencies have long been eliminated, but multinational business travelers and online booking and payment Often only a credit card separates them.

Using virtual cards, this problem will be easily solved. Pre-authorization, authentication, and deductions can be solved with one card. At the same time, cardholders are protected by the card organization’s disputed transaction processing mechanism to avoid deduction errors or inability to cancel deductions, etc. issues and effectively protect their own rights and interests.

In response to the company’s employee business travel management needs, the virtual card limit and targeted consumption management functions also support the company to effectively manage costs and avoid internal control problems.

3. What are the differences between virtual credit cards and physical credit cards? What are the advantages and disadvantages?

Virtual credit cards are bundled with real user credit cards, providing a variable 16-digit account number for online transactions without leaking real credit card information online.

Some virtual credit card accounts are for one-time use, while others can be recharged for continued use. Used for a purchase or transaction that people make on the Internet. Since the real account number is not visible to the transaction, even if the retailer's database is hacked, the account number can be avoided.

For example, when a user pays in the checkout center of a retailer's website, a virtual credit card image appears and asks if you plan to pay with a one-time number or if you want your payment to be entered automatically. information.

Of course, not all transactions can use virtual accounts. The one-time account number is linked to the cardholder's real account number and the transaction is valid only when the cardholder uses the card issuer's system. Otherwise, you will be asked to enter your real credit card information to complete the payment.

There is also a "virtual credit card" model that appears on third-party payment platforms. The most typical specimen is PAYPAL. Her "virtual credit card" is provided to users who use PayPal payment tools but transact on websites that do not support PayPal to help them shop quickly and efficiently.

PS:

1. The application is convenient and fast. When customers apply for this card, there are no complicated procedures and no long waiting. It can take at least a few minutes or more than ten minutes. Get the card.

2. It is safe and secure to use. This card is a non-overdraft credit card, and there is no risk of malicious overdraft due to submitting the credit card information to others. At the same time, customers can effectively avoid the leakage of private information when using this card. Let you use it freely without any worries.

3. This card is a standard VISA international credit card, including a 16-digit card number, expiration date and 3-digit CSC/CVV2 code. Personal information such as name, phone number, address, etc. can be filled in according to customer needs during use.

4. The validity date (expiration date) of activation virtual credit cards is one to two years, which ensures the security of activated accounts (such as PayPal, EB, etc.). (Note: As we all know, PayPal and EB systems regard accounts with credit cards with an expiration date of less than six months as "high-risk accounts" and may restrict the use of such "high-risk accounts" at any time).

5. This card is a pre-deposit VISA international credit card. The card can apply for different amounts of US dollar credit between US$1 and US$500 according to customer needs.

6. This card is valid all over the world. You can make purchases and payments on any international online website, such as registering domain names, purchasing space, purchasing game points, and purchasing software on American websites. Because this card is a pre-deposited VISA international credit card, merchants will prefer this type of payment to ordinary physical credit cards because it has no credit security issues and merchants can receive payment 100%.

7. This card can perfectly support the activation of PayPal accounts, EB transaction accounts, game accounts, various tasks and other international network accounts, etc. This account can be PayPal, international EB, online games and other network accounts. It supports any of the countries. When you enter the step where you need to fill in a credit card during the activation process, this card will allow you to pass smoothly. The account activated with this card has exactly the same effect as if you activated it with an ordinary physical international credit card.

8. This card is issued by a regular bank that has joined the VISA international organization and abides by the rules and regulations of the VISA international organization.

Reference material: Baidu Encyclopedia virtual credit card.