What are prepaid virtual credit cards?
Prepaid virtual credit cards are one -time credit cards that are usually sent to users with e -mail. Unlike traditional prepaid credit cards, virtual cards are usually used for online purchases for which a physical card is not required. Companies that offer virtual credit cards usually require the user to transfer money from the bank account, existing credit card or online money transfer. The user transmits a specific amount of money to financing the card and some companies allow the user to reload the card for future purchases.
credit request is usually not required for prepaid virtual credit cards. The cards usually have expiration date like a normal credit card, so the user must be careful not to leave the card balance on the tab near the expiration date. If the balance remains, the card provider does not have to issue a refund for the remaining funds. In addition, many companies have the minimum requiredlinge and maximum balance to open an account or limit the amount of loading. Fees
may also be part of the Member Terms of the Card. Card activation fees are sometimes on a sliding scale and require a higher fee for a higher initial amount on the card. There may also be a monthly fee to maintain an active account. If the reopening card is required, it can be found that the fees are more expensive than the single use card fees.
Many users buy prepaid virtual credit cards to help you avoid fraud with credit cards online. The one -time card number and the limited account balance can help alleviate the concerns of those who fear that the card information could stolen stolen. Online auctions and shopping websites are common reasons why one would buy a prepaid virtual credit card but some users also buy them as comfortableé gifts for special occasions.
The fear that some companies have is that some users could buy prepaid virtual credit cards to be used for credit card fraud online. When the user purchases an online credit card, receives the card number, security code and expiration date. Although several companies do not require the buyer to state the actual name or address, it does not mean that the person who uses the card for fraud will not be traced if he commits fraud or purchases illegal goods. Agency for enforcement of law often have ways to watch individuals who think they have anonymity on the Internet.