A virtual credit card number, also known as a VCC, is a unique 16-digit number that is used to make online purchases. It can be used in the same way as a regular credit card number, and it is linked to your actual credit or debit card. However, one of the main benefits of using a virtual credit card number is that it provides an extra layer of security when making online payments. In this blog post, we will discuss how virtual credit card numbers work and how they can benefit your business.
What Is a Virtual Credit Card Number?
A virtual credit card number is a unique 16-digit number that can be used to make online purchases. It works just like any other credit or debit card, but instead of being linked to your actual account information, it is connected to a separate line of credit associated with the VCC provider. When you use a virtual credit card number, the merchant will not be able to see your actual credit card information. Instead, they will only have access to the virtual number and the associated purchasing limit.
How Is a Virtual Credit Card Number Generated?
Virtual credit card numbers are typically generated by the VCC provider. The process is relatively simple and involves entering your account information into the provider's system. Once the provider has all of your information, they can generate a unique 16-digit number for you that is linked to your account.
What Information Is Included in a Virtual Credit Card Number?
A virtual credit card number is an online-only version of your traditional physical plastic credit card but with a few key differences. The information included in the virtual credit card number is usually limited to just the account holder's name, expiration date, and the card number itself. It does not contain any of the other personal information that is included on a physical credit card such as your address or security code. This lack of information makes virtual credit cards inherently more secure than their physical counterparts since it prevents anyone from obtaining sensitive details about you if they were to get access to
How Do Virtual Credit Card Numbers Differ from Traditional Credit Card Numbers?
The main difference between virtual credit card numbers and traditional credit cards is how they are used. With a physical plastic card, you would have to physically present the card at the point of purchase in order to make a purchase. However, with virtual credit cards, all that is needed is the sixteen-digit number associated with the account; it can be used online, over the phone, or in a store. This makes virtual credit cards more convenient since they can be used anywhere that accepts payment via card numbers. Additionally, they are also much more secure since the sixteen-digit number is randomly generated and expires after a single use; this means it cannot be stored and reused like traditional physical cards, which makes it safer.
What Are the Benefits of Using a Virtual Credit Card Number?
The primary benefit of using a virtual credit card number is that it provides an additional layer of security when making online payments. By using a VCC, you are essentially creating an additional barrier between your actual credit card information and the merchant. This makes it much more difficult for hackers to access your account information, as they will not be able to see your real credit card number. Additionally, VCC providers like VCC Issuer offer fraud protection services that provide extra peace of mind when making online transactions.
How Do I Use a Virtual Credit Card Number for Online Purchases?
Using a virtual credit card number for online purchases is easy and secure. All you need to do is enter the sixteen-digit number associated with your account during checkout, just like how you would go with a traditional physical card. The added benefit of using virtual credit cards is that they are more secure since the number will expire after one use and cannot be reused. This added layer of security can help protect you from any potential fraud or identity theft that may occur when making online purchases.