How to Use a Virtual Card: 5 Important Tips

Virtual card is a convenient way to pay for things you buy online. Unlike a physical credit card, you don't have to worry about losing or forgetting your card. However, in this article you learn how to use a virtual card plus 5 important tips so as not to make mistakes. Additionally, virtual cards generally have lower fees and are more secure than conventional credit cards.

Firstly, virtual cards are a secure way to make online payments. They work like a real credit card, but are generated and maintained on an app or website. Virtual cards usually have a 16-digit number, an expiration date, and a security code. You can use a virtual card to make online purchases, pay bills, or send money to someone else.

On the other hand, to use a virtual card you must first create an account on the website of the company that offers the service. You can then fund your account using a credit or debit card, or a bank transfer. Consequently, once the funds are available you can generate a virtual card and use it to make purchases online or in stores that accept debit card payments, after creating your virtual card it is time to learn from this article .

Virtual card: 5 important tips for making mistakes

First of all, virtual cards are a great option for those who want to shop online more safely. Furthermore, they offer you more protection for your personal data, meaning virtual cards also allow you to manage your purchases more efficiently. 

On the other hand, it's safety that matters, right? don't worry about that.

Here are 5 tips so you don't make mistakes when using your virtual card:

1. Read the virtual card instructions before using it;

2. Keep your virtual card in a safe place, as it contains important information;

3. Use the virtual card only for online payments;

4. Do not use the virtual card to make purchases in physical stores;

5. Always check your virtual card balance before making any payment;

6. Be careful when entering your virtual card details on shopping websites, as they can be intercepted by hackers;

7. If you lose your virtual card, contact the card issuer immediately to cancel it.

There are several virtual card options on the market, each with its own advantages and disadvantages. It is important to research and choose what best meets your needs.

Some of the key features of virtual cards include:

• They issue a random card number for each purchase, which increases security;
• They are accepted in several online establishments;
• They can be blocked at any time;
• They tend to have lower purchase limits than real credit cards.

Best ways to use your virtual card

Therefore, virtual cards allow you to manage your finances more efficiently, as you can access your balance and make transactions in real time. Additionally, you can also use your virtual card to buy products and services online, make recurring payments or even send money to other people. 

Here are some of the best ways to use a virtual card: 

• Recurring payments: If you make recurring payments for services like TV or phone subscriptions, you can set up a virtual card so that these payments are made automatically. This will avoid late payments and, consequently, interest.

• Online shopping: When shopping online, you can use a virtual card to prevent your payment information from being compromised. Additionally, many websites offer discounts on online purchases.

• Online sites: With a virtual card, you can easily shop online on e-commerce sites such as Amazon or eBay. Additionally, you can also use your virtual card to purchase products and services on any other website that accepts debit card payments.

• Pay your bills: You can also use your virtual card to pay your bills online, such as your electricity, water or telephone bill. Just add the card to your list of payment methods on the company's website and you are eligible to receive a deduction from that payment.

Therefore, virtual cards are becoming increasingly popular, especially among consumers who shop online. In addition to being more secure than physical cards, virtual cards are also more practical and easier to use. Above all, it is very important to know about the security of these much-loved virtual cards. So, let's look at the topic below.

Virtual card security

People are increasingly aware of the importance of information security, and virtual cards are one of the main tools to ensure the security of online transactions. 

In this way, virtual cards are generated through a process called “tokenization”, which is the process by which a string of data is replaced by a random value (a “token”). This means that, consequently, if card data is leaked, criminals will not have access to the actual card information as it will remain encrypted. 

Additionally, virtual cards can be blocked as soon as the merchant notices any suspicious activity, meaning you don't risk losing all your money in the event of fraud.