Virtual credit card refers to a credit card without entity, which is mainly composed of a set of virtual three-digit security codes. It focuses on online payment, binds virtual credit cards to mobile phones, and can also be used for offline consumption.
I. Definition of Virtual Card
Virtual credit card is a kind of virtual bank card, which is different from the credit card of physical media. It is a virtual account number derived from the BIN code on the bank card. There is no physical card, which can be used for payment and settlement. Cardholders can use virtual credit cards to participate in various credit card preferential activities like physical cards.
Second, the classification of virtual cards
Virtual credit cards can be divided into three categories according to their relationship with physical credit cards and their implementation methods:
1. Master card virtual card: used for independent and complete master account, independent of physical credit cards, such as CCB Longka e-payment card;
2. Accessory card type Virtual card: Accessory card attached to physical card. This card can apply for multiple virtual card accounts through one main card, and only need to return the main card when repaying;
3. Mapping virtual cards: such as credit cards applied to ApplePay, SamsungPay and HCE China UnionPay Express.
Third, the difference with physical cards.
1, use time
Virtual credit cards are used for a short time, some of them are only one month, and they can no longer be used when they expire; The use time of physical credit cards is generally 3~5 years, and they can be reused when they expire;
2. Card form
Virtual credit card has no physical card, but consists of a group of virtual numbers and three-digit security codes, which is more convenient to manage and more secure.
The physical card has a specific card and can be directly consumed on the pos machine. But because of the physical card, it is easy to be stolen, lost and leaked.
3. Application method
The application for virtual credit card can be made by calling bank customer service or website, and it will be approved in 5 minutes at the earliest. After the approval, you can directly consume online.
Physical cards need to be applied at the counter or online. After the approval is successful, you need to get the physical card, activate the credit card and set the password before you can use it.
What are the virtual credit cards?
Virtual credit cards: BOC Great Wall Global Link Virtual Card, BOC Digital Credit Card, Guangfa Geek Card, CCB Longka E Payment Card, CITIC Net Payment Card, etc. On March 2014 13, the People's Bank of China issued the Letter from the Payment and Settlement Department of the People's Bank of China on Suspension of Offline Barcode (QR Code) Payment of Alipay to suspend the virtual credit card business.
The People's Bank of China suspended the virtual credit card business instead of terminating it. The People's Bank of China suspended the virtual credit card business to avoid the risk of cardholder payment and capital flow. There is no national standard for virtual credit card technology, so it is necessary to introduce relevant standards and norms in order to make virtual credit cards develop healthily.
The People's Bank of China, together with relevant payment institutions, fully demonstrated the technical security, consumer protection, anti-terrorism and financial real-name registration system, and carried out virtual credit card business according to the principle of pilot first. Cardholders who want to use virtual credit cards need to wait patiently.
Cardholders who apply for virtual credit cards can freely set single and cumulative transaction limits and card validity period for each virtual credit card according to their own risk tolerance, so as to control the risk of online payment within a certain time and limit.
In online transactions, cardholders do not need to provide physical credit card information, but can use virtual credit cards to pay.
What is a virtual credit card? How to deal with it?
Although Taobao Flower Blossoms, JD.COM White Stripes and Tmall Stages are all equivalent to virtual credit cards, many people only see the word "credit card" and ignore the word "virtual". So what is a virtual credit card? What are the benefits of it? How to apply for a virtual credit card?
1. What is a virtual credit card?
Virtual credit card, also known as virtual VISA credit card, VISA virtual card, VISA international credit card, VISA virtual credit card, task card, EB activation card, iOffer activation card, game activation card, PayPal activation card, etc. , is a product aimed at overseas online shopping, activation and recharge of various online accounts for users who do not have international credit cards or are worried about the safety of credit card payment.
Virtual credit card originated from Taobao, a subsidiary of Alibaba's parent company, which launched a "demand questionnaire" survey to understand the feasibility of providing deposits, loans and virtual credit card services to individual buyers on Taobao. It is understood that bank deposit accounts can be associated with Alipay accounts, and the concept of virtual credit card is put forward for the first time. Second, the processing flow of virtual credit card
1. Authentication: Call the credit card hotline of the issuing bank. After the authentication is passed, you can apply for a virtual card.
2. Setting information: confirm the physical card information of the virtual card you want to apply for, and set the effective and invalid dates, single transaction and accumulated transaction amount of the virtual card.
3. Record: record the virtual card notified by the customer service staff. For the security of your account, the security verification code and the validity period of the card will be sent to the registered mobile phone number of the cardholder by SMS (it is best to check your registered mobile phone number with the customer service staff).
4. Online payment: The cardholder can make online payment after receiving the short message from the bank.
How to apply for a virtual card
The application steps are as follows:
1. Click "I want to open an account" on WeChat Bank-enter the applicant's name and ID card.
2. Bind your debit card after improving the relevant real information.
3. Activate the bank card and check the account information. Some accounts can only be used after the virtual transfer of the bound debit card is successful.
1. Virtual credit card, also known as virtual VISA credit card, VISA virtual credit card, VISA virtual credit card, VISA international credit card, task card, game activation card, PayPal activation card, EB activation card and iOffer activation card, is a product for users who have no international credit card or are worried about the security of credit card payment and need to shop online abroad, activate various online accounts and recharge. It is convenient and quick to handle. Customers don't need complicated procedures to handle this card, nor do they need to wait for a long time. It takes as little as a few minutes and as much as ten minutes to get a card.
Second, the virtual credit card is bound with the real user's credit card, providing a variable 16-digit account for Internet transactions, and the real credit card information will not be leaked on the Internet. Some virtual credit card accounts are one-time use, and some can be recharged and continued to be used. Used for people's shopping or trading behavior on the Internet. Because the transaction can't see the real account number, even if the retailer's database is attacked by hackers, the account number can be avoided from being leaked. For example, when a user makes a payment at the checkout center of the retailer's website, a virtual credit card image will appear, which will ask you whether you plan to pay with a one-time digital payment or automatically enter your payment information. Of course, not all transactions can use virtual accounts. Only when the cardholder uses the issuing bank system can the one-time account number be linked to the cardholder's real account number and the transaction be valid. Otherwise, you need to enter real credit card information to complete the payment.
Operating environment: (iphoneiOS 12.5.5) (wechat app7.0. 19)
What's the difference between a virtual credit card and a physical credit card?
1. Virtual credit card has no physical card, and physical credit card has physical card.
Second, the virtual credit card is a virtual account set in the existing credit card account, attached to the physical card, and mainly relies on information such as the expiration date to complete online and other non-face-to-face transaction operations. Credit cards are issued by banks, giving cardholders a certain credit limit, within which they can spend first and then repay.
Third, the virtual card application is convenient, and the card is automatically issued throughout the process. It is convenient to handle the physical card, and it needs to be signed in person.
Four. On March 201April 13, the People's Bank of China suspended the virtual card business. By the end of 20 19, 10 and 18, physical credit cards had been implemented nationwide, and were not restricted by relevant policies.
Virtual credit transactions will be included in the main account of the physical credit card. Cardholders can set up different virtual credit cards for different transaction purposes according to their shopping habits, and plan their consumption reasonably.
In online transactions, cardholders do not need to provide physical credit card information, but only need to use virtual credit cards to pay. Once the virtual credit card is found stolen, the cardholder can immediately call the issuing bank to adjust the credit card limit to 0 or cancel it directly. The cardholder does not need to repay separately, but only needs to return the credit card arrears of the virtual card binding entity.
This concludes the introduction of simulated credit cards and simulated credit card accounts. I wonder if you have found the information you need from them?