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Virtual credit card: what is it?
The virtual credit card allows you to pay securely online. As the name suggests, you use virtual data during each transaction.
The virtual credit card works just like a normal credit card and has the same features:
Cryptogram (CVC)
Name of the card holder
Expiration date
Card number
The main difference with the classic credit card is that each time you make a purchase on the internet, the virtual credit card provides you with a different BIN, expiration date and security code. The system is very easy to use. Either the bank provides you with virtual numbers that you can use during your purchases or you access a BIN generator which will provide you with different data for each access.
Many advantages The virtual credit card number provided to you replaces your actual physical credit card number and is never passed on to merchants. This increases the level of security during your payment since it is impossible to hack your card number since it is temporary and it is never entered.
Another advantage is that you no longer have to travel to find your credit card. Everything happens in front of your screen in a secure and fast way. You get the same advantages as a normal credit card while keeping a high level of confidentiality.
Only one major downside is that when you generate the virtual credit card number, it is associated with an amount payable. It is therefore important to enter the correct associated amount for each new virtual number.
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