Individual Privacy

Are Virtual Credit Cards Safe?

get virtual credit card

People all over the world pay their bills, buy goods and services, and send money online. 

Millions of people fall victim to fraud and identity theft every year and this has a major disadvantage.

There are no bullets. Staying safe on the World Wide Web requires vigilance, secure software and other skills. Virtual credit cards can provide an extra layer of security when using online payments.

Virtual credit cards are temporary digital cards that can be used for a day or two. Your real credit card or bank account can be used with a virtual card. The card number, expiration date and security code are randomly generated with it. Your real information is not visible to anyone or shared with anyone because of this.

virtual credit card vector image

Imagine a scenario in which virtual credit cards would work. After logging into your favorite e- commerce platform, filling up your cart with various goods, and putting your information in, you’re about to pay. If you don’t want to put in your credit card number, you can create a new virtual credit card with all the necessary information.

A few weeks later, you discover that the e-commerce platform was compromised by a threat actor. The cybercriminal broke into the company’s systems, injected malicious code into the website, and took users’ information, including credit card numbers. Your information and bank account are safe because you used a virtual credit card and not a real card. The virtual credit card that you used has already expired, so you don’t have to worry about it.

Virtual credit cards are about what this is.

 They hide your real information to protect you from cyberattacks. They also give more privacy than physical credit cards, which is a bonus.

Everyone should consider virtual credit cards if they care about their security and hard-earned money. How do you go about getting a one? The answer may be a bit of a let-down, but your best bet is to call your bank and ask if they offer virtual credit cards. Nowadays many do.

Privacy is a service that you can use if your bank or card issuer can’t give you a virtual credit card. 

It is easy to use online platform that creates virtual credit cards. You can use your virtual credit card immediately, if you add a funding source, generate a card, and then do so.

Privacy offers a lot more. You can set spending limits, create an online wallet with several cards, set recurring payments, and more with the platform. Privacy has a mobile app and a browser extension, so you can use the service on any device.

virtual credit card vector image

Privacy is very secure.

 It is held to the same standards as banks in the United States because it is compliant with the Payment Card Industry Data Security Standard. All data center communications are protected by the internet protocol security, with the exception of web traffic. Passwords are hashed and their data is stored on a geographically distributed server.

Privacy has three plans: Personal, Pro, and Teams. 

Personal is free, but you cannot create more than 12 virtual credit cards a month. With Pro, you can make up to 36 cards. There are two plans that cost $10 and $25 a month.

Privacy can only be used by US citizens and legal residents, plus residents of Puerto Rico, Guam, the Virgin Islands, the Northern Mariana Islands, and American Samoa. If you’re not based in the US but need a virtual credit card, make sure you keep an ear to the ground because the company is working on making its services available worldwide.

Virtual credit cards can’t be used in person, that’s an obvious disadvantage. You can add virtual credit cards to a mobile wallet and pay with it.

Virtual credit cards are meant for one-time use, or one-day use, which is the main downside. Even if a virtual card isn’t meant for temporary use, you would need to generate new ones frequently to make sure you are safe. If you pay for something online with your virtual credit card, but don’t receive it or it’s damaged, you can’t get your money back if the card number is already expired.

Sometimes you have to use the same card to pay for services. If you make a hotel reservation online with your virtual credit card, but don’t pay the full amount in advance, the hotel might ask you to pay with the same card you used to book it, and you wouldn’t be able to do this.

Virtual credit cards are free, easy to use, and will strengthen your security and privacy.

 They will protect you from fraud, theft, and all sorts of cyberattacks.

It is possible that you will run into issues with not being able to get a refund, but most would be willing to make a compromise. Before you get a virtual credit card, make sure you know how to avoid online shopping security threats.

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