Get a Virtual Credit Card and Shop Without Tension

Most of us enjoy buying online. It is very easy while sitting at the comfort of your home and ordering goods and services by a click of a mouse. However the risk increases, with your convenience. There is a possibility that someone may capture your numbers and make use of it. There also a risk of identity theft. Your personal information may be taken away and used somewhere else damaging your personal life. Virtual credit card is a smart way to protect your money as well as your identity.

They work similarly like the real credit cards. There is a number allotted to you. The only difference is it is generated by a computer system and it expires within CVV shop a very short time. So every time when you make of purchase, there will be a different number. This number can be used only once. Even if anybody captures this number, it is of no use. In a very unlikely event of your number being stolen, you are covered for any unauthorized transaction also.

Where to get a virtual credit card?

Most of the credit card companies offer such cards. You can also buy them using Paypal. When you buy, you are given a sixteen digit number, 3-digit CVV2 or CVC2 number, the date of expiry of the amount of money which is available for your use.

How these cards work?

They work like prepaid cards. You put a certain amount of money. You are given a number. No plastic piece is involved. So you can put in whatever money you want for a specific transaction. The number given to you expires at the pre set time limit. Generally you’re allowed to make one purchase with one number.

Benefits of using virtual credit card

You get 100% security while making any online transaction. The number given by you for making any purchase will expire in a very short time. Even though a hacker tries to use such a number, he will be unable to do so. There is no membership fee for buying a card and there is no maintenance expenditure. You can put in only the required amount in such card. Is also provides full security towards your financial information. There is no background verification and no credit history is required while acquiring it.

There are some limitations while using virtual credit cards. You cannot use them in shops. There you are required to produce a plastic card. You may not be able to use them for purchasing airline tickets or a concert, as there is a time limit on their expiry. You cannot get an online statement for the transactions you made through virtual credit card. If you want to buy any subscription, that is an ongoing process and you’ll have to use your normal credit card. However in spite of these limitations, the benefits like protection of your money and personal information are huge. It is indeed a smart way of making online purchases.