Virtual Credit Card: What is Virtual Credit Card? How to use it..? | Telugu News


What Is A Virtual Credit Card

Virtual Credit Card: With digital transactions there is transparency and the cost of printing papers is reduced. A single digital transaction has two advantages. Now India follows the same pattern. From greengrocers to heavy industries, UPI is there.

There are methods like UPI Lite, Tap and Pay. Through these transactions can be done without PIN. That is 'Virtual Credit Card (VCC)'. What is the card? Are there benefits to this? How to use it? Let's find out.

A credit card is a digital version of a virtual card. Credit cards are usually issued physically. If you want to make transactions from this card, you have to be with it. Virtual card does not have that problem. You can use it online whenever you want. At the time of payment, the virtual card details should be entered instead of the credit card number. It was brought for online transactions only. It is natural to want card details not to be disclosed. Details are never revealed with this credit card.

If you want a virtual card, you should have an account in the bank related to the card..or a credit card is enough. Most of the banks offer this card. Cards, fees and charges vary by bank. This card can be generated through the bank's online portal or mobile app. Just like a physical credit card, it also has a number, date and CVV. But these numbers are provisional. This means that the card will be valid for a limited period of time. Can be used for one day (24 hours) to two days (48 hours).

Advantages – Disadvantages
* Bring a virtual card for extra security. So card details are temporary. There is no risk of fraud. Beneficial for frequent online shoppers.
* The transaction limit is selected at the time of generating the card. So it helps in controlling the cost.
* Mainly brought for online transactions so offline payments are not possible.
* Cannot be used repeatedly as there is a time limit. If you want, you have to generate it again.

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