Website design By BotEap.comSince the beginning of time, mankind has invented and developed new methods of conducting business and commerce. Credit cards are not a new concept. In the mid-1940s, American Airlines and the Air Transport Association introduced the first credit cards to promote air travel. Later, banks and financial service providers offered the service to their customers. Today’s age of computing power and the diversity of the Internet has further revolutionized the way we conduct our daily financial transactions. Whether it’s shopping online, transferring funds, booking vacations abroad, or purchasing other services online, credit cards make it possible from the comfort of your home. But are Internet transactions secure enough? Yes, with the introduction of virtual credit cards they now are!

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Website design By BotEap.comThe Internet age has brought immense convenience and ease to the customers in choosing the right products. Search the web for what you need and in what price range, all the options available to you will be there. Choose what suits you best and pay with your credit card in a few clicks. As with all good things that have a downside, the Internet marketplace also experienced a glitch. Web hackers have emerged as a threat to online transactions considered safe. The introduction of virtual credit cards has helped to overcome this problem.

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Website design By BotEap.comModern encryption techniques and online security protocols/settings like SSL, SMPX, etc. they are now in place to ensure maximum security of your financial transactions. As an added security measure, the concept of virtual credit cards, VCCs, was introduced a long time ago. VCCs are cards that are specifically used on the Internet and are considered a secure mode of online transactions. The use of the SET Protocol (Secure Electronic Transactions) makes possible the security and confidentiality of transactions. The security protocol for information from the merchant to the customer and from the customer to the bank is followed, which allows access only to relevant information for each of the two parties. These are simply cards linked to the users bank credit card or a physical bank account that reproduces an alias of the original. All VCC service providers have a payment authorization mechanism. It may be an IVR (Interactive Voice Response) call on your personal mobile phone asking you to confirm whether it is you making the transaction, or in certain cases, it may be an email or SMS message sent to your validated number. Or email. Currently, some banks offer temporary or time-limited VCC accounts. The best thing about VCCs is that you can set the maximum credit limit, expiration date, and specific online locations to buy from. That is, there are no possibilities of fraud or improper use of the card.

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Website design By BotEap.comOne of these virtual credit card services is Paypal. Offering services that rely solely on digital systems to transact Paypal is one of the first to start among all virtual credit card payment providers of its kind. It has around 81 million operating accounts spread across 190 markets around the world. An innovative post-billing service allows customers to bill their electronic invoices later through a bank account or credit card. They offer services associated with major online stores. Whether you’re buying accessories from amazon.com, paying for internet advertising, or a domain name from a registrar like godaddy.com, Paypal is always there. Another of the best VCC providers is Entropay. Having loaded funds into your Entropay VCC from a regular bank account, you are released to shop online once you have verified your address and other account details. A nominal transaction fee is charged when the card is used. A good alternative to Paypal, Netletter VCC offers a prepaid master card and signing up is free. Usage costs per transaction. For people in the US, Netspend offers quality VCC services in partnership with Visa and Master cards. American Express, a big name in the US banking industry, offers VCC services along with Master Cards and Visa for safe and hassle-free online spending. And there are several other similar services on the market.

Website design By BotEap.comGo get it!

Website design By BotEap.comA virtual credit card is essential. With technology advancing rapidly and people getting used to easily adapting to newer and easier ways of living, VCC is a boon for both the customer and the retailer. Gone are the days when people fearing identity theft refrained from making purchases or conducting monetary transactions over the web. In this wonderful era of Virtual Credit Cards, if you don’t have one, you’re missing out on a lot.