What is Bank of China Virtual Card?

The Bank of China debit card virtual card refers to a virtual Bank of China debit card without physical media that customers apply for issuance through the counter or online banking channels using an existing physical Bank of China debit card. By being associated with the original physical Bank of China debit card, the Bank of China debit card virtual card can automatically call the physical Bank of China debit card associated account (main account only) during transactions to handle online banking payments, mobile banking payments, and Bank of China payments. Quick payment, as well as UnionPay cardless self-service consumption business, and the transaction limit and card validity period can be set independently, which can provide Bank of China debit card holders with safe payment convenience through electronic channels.

The above content is for your reference, please refer to actual business regulations.

Are there any risks in applying for a virtual credit card? These are the basic risks

The bank's credit card business has been launched for many years. With the continuous development of social economy, more and more people are using credit cards, and there are more and more types of credit cards. In order to meet the needs of different cardholders, banks have also launched virtual credit card services. Are there risks in applying for a virtual credit card? These are the basic risks!

Are there any risks in applying for a virtual credit card?

1. The card issuer is unknown

In principle, any non-bank financial institution has no right to issue virtual credit cards. However, some companies have jointly launched a number of virtual credit cards with commercial banks. Although on the surface it is still commercial banks that issue virtual credit cards, they do not play an important role in the credit card acceptance, review and collection process.

There are even some third-party institutions that provide corresponding technical support and back-end risk control for virtual credit cards, and the loan interest rates are higher than those of ordinary bank credit cards. In such a situation where the card is issued unknown, the cardholder is likely to be charged some unknown fees.

2. Virtual currency

When cardholders use virtual credit cards, financial institutions advance funds. However, there is a time lag in this advance, and virtual currency may be generated in the short term. question. Especially when cardholders use virtual credit cards to make purchases on third-party payment platforms, it is equivalent to creating a "base currency" for online consumers, and the impact is still relatively large.

3. The application process is unclear

The general bank credit card application process is: cardholder application, bank approval, personal visit, personal signature, personal verification, and then card issuance. Virtual credit cards can be applied for, issued, and paid immediately. This card application process is not clear and even seems a bit "simple".

The credit card application procedure is too simple and does not require a handwritten signature or stamp for confirmation, which may lead to infringements such as false claims and unauthorized payments. Strictly speaking, virtual credit cards still have a certain gap in meeting regulatory standards.

The above is the sharing of relevant content on "Is it risky to apply for a virtual credit card?", I hope it can help everyone!

What does a virtual credit card mean?

A virtual credit card is an independent virtual credit card specially used for online consumption. The card does not have a specific card level. The cardholder can turn on or off the transaction function at any time. . Virtual credit cards enjoy preferential policies on annual fees during the validity period. A virtual credit card is actually a virtual account set up under an existing credit card account.

It is convenient to apply for a virtual credit card. Cardholders can call the card issuing bank’s phone banking or log in to the card issuing bank’s personal online banking to apply directly. After passing relevant identity verification, the cardholder can obtain a virtual card. Validity date, CVV2 code, etc., you can complete the application in a few minutes.

Virtual credit card is a virtual payment account established by the bank to facilitate cardholders to make online payments and enhance payment security. Since the People's Bank of China suspended Alipay and Tencent's virtual credit card products on March 13, 2014, the virtual credit card business has been suspended, and the specific recovery time is unclear.

Virtual credit card supports credit card products of UnionPay, MasterCard, VISA and other card organizations. Cardholders can use one physical card without applying for an additional virtual card and without charging any fees.

Cardholders can set single and cumulative transaction limits and card validity periods for each virtual credit card, thereby controlling the risk of online payments within a certain time and limit.

Are virtual credit cards easy to use? What are the advantages and disadvantages?

Nowadays, the world is dominated by the Internet. Nothing can be completely separated from the Internet. The same is true for credit cards. Online virtual credit cards have also been challenging traditional credit cards. So the question is, what about virtual credit cards? How about that? Is it useful? What are the advantages and disadvantages?

1. Advantages of virtual credit card

1. Convenient and fast processing: When customers apply for this card, there are no complicated procedures and no need to wait for a long time, which can take at least a few minutes or up to ten minutes. You can get your card in minutes.

2. Universally applicable: You can shop and pay 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%.

3. 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. 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.).

4. Activating various accounts: 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, Internet Games and other online accounts support any country. When you enter the step where you need to fill in a credit card during the activation process, this card allows you to pass smoothly. The account activated with this card is the same as the one you activate with an ordinary physical international credit card. The usage effect is exactly the same.

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

2. Disadvantages of virtual credit cards

The biggest disadvantage of virtual credit cards is that there is no physical card, which means there is no "magnet". Today's network security is increasing day by day, and most merchants have begun to require customers to provide scanned copies of the credit cards they use and sign credit card security agreements. For users of virtual credit cards, this is obviously impossible to provide, and they are faced with no money. It can be paid, but the merchant has questioned its reliability, so before using it, you need to ask the merchant whether it accepts virtual credit cards to avoid inconvenience.

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 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.

Because the real account number cannot be seen in the transaction, even if the retailer's database is hacked, the account number can be avoided.

Extended information:

Features

1. The application is convenient and fast. When customers apply for this card, there are no complicated procedures, no need to wait for a long time, and less It will take a few minutes or more to get the card.

2. It is safe 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 16 digits, expiration date and 3 digits 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.).

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 shop and pay 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 100% of the payment.

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. Support 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 joins the VISA international organization and abides by the rules and regulations of the VISA international organization.