What Is a Virtual Credit Card?

Virtual credit card, also known as: virtual VISA credit card, VISA virtual credit card, VISA virtual card, VISA international credit card, task card, game activation card, PayPal activation card, EB activation card, iOffer activation card, etc. Credit card payment security users need products launched online shopping abroad, activation of various online accounts, recharge, etc.

Virtual credit card

Virtual credit card, also known as: virtual VISA credit card, VISA virtual credit card, VISA virtual card, VISA international credit card, task card, game activation card, PayPal activation card, EB activation card, iOffer activation card, etc. Credit card payment security users need products launched online shopping abroad, activation of various online accounts, recharge, etc.

Chinese name

Virtual credit card

Foreign name

Virtual credit card

Alias

Virtual VISA Credit Card, VISA Virtual Credit Card

Launch time

year 2010

Recharge method

Cash, non-cash, prepaid cards

First, the application is convenient and fast. There is no complicated procedure for customers to apply for this card. There is no need to wait for a long time.

Second, the use of security and rest assured, this card is not an overdraft credit card, there will be no risk of malicious overdraft due to credit card information submitted to others. At the same time, customers can effectively avoid the leakage of private information when using this card. Let you use it freely without any worries.

Third, this card is standard

The virtual credit card is bundled with the real user credit card, providing a variable 16-bit account number for internet transactions, without letting real credit card information leak across the internet.

Some virtual credit card accounts are for one-time use, and some can be recharged and continued to be used. Used for a shopping or transaction on the Internet. Since the real account number cannot be seen in the transaction, even if the retailer's database is hacked, the account number can be avoided.

For example, when a user makes a payment at the checkout center of a retailer's website, a virtual credit card image will appear, which will ask you if you plan to make a one-time digital payment or if you want to enter your payment information automatically.

Of course, not all transactions can use virtual accounts. Only when the cardholder uses the card issuer system is the one-time account linked to the cardholder's real account, and the transaction is valid. Otherwise, you will be asked to enter your real credit card information to complete the payment.

There is also a "virtual credit card" model that appears on third-party payment platforms. The most typical specimen is PAYPAL. Her "virtual credit card" is provided for those who use

The rules of each virtual credit card service provider are different, but can be divided into three types: cash / non-cash / prepaid cards.

1. You can use it in cash: WIRE TRANSFER (Bank Wire Transfer), WESTERN UNION (Western Union) MONEY GRAM, etc.

2. For non-cash, you can pass: E-CHECK (

On the morning of March 11, 2014,

On March 13, 2014, the central bank issued an emergency document, "Letter from the Payment and Settlement Department of the People's Bank of China on Suspension of Alipay's Offline Bar Code (Two-dimensional Code) Payment and Other Business Opinions", and called off Alipay and Tencent's virtual credit card products. There are also face-to-face payment services such as barcode (two-dimensional code) payment.

The central bank's first bureau official confirmed this document, saying that the central bank did issue an emergency suspension of Alipay's Tencent virtual credit card business. ^[3]

CICC sources: QR code payment and virtual credit card are suspended ^[6]

The central bank urgently suspended Alipay's WeChat virtual credit card Tencent stock price fell 5% in the afternoon ^[7]

The biggest disadvantage is that there is no physical card, which means there is no "magnetic". Today's network security is increasing day by day. Most businesses are beginning to require customers to provide scanned copies of credit cards and sign credit card security agreements. For users of virtual credit cards, this is obviously not available, and they are facing no money It can be paid, but the reliability is questioned by the merchant, so before using it, you need to ask the merchant if the virtual credit card is accepted to avoid inconvenience.