VIRTUAL PREPAID CARD The Ultimate Guide To DIGITALPREPAID why you need

VIRTUAL PREPAID CARD

Thanks to the digital era it has become very easy to buy goods and services almost in real time; but often, behind this freedom, there’re potential risks. For this reason it is good to protect ourselves, as much as possible. Also being careful to the data that we insert in the net.

What are digitalprepaid cards

Contrary to credit cards , prepaid cards are a rechargeable method of payment to the need. In case of fraud you only risk the funds present at the time of the transaction

As the type of needs related to this method of payment have differentiated, prepaid cards have been created. Thus we have the multi-purpose prepaid card and the single-use card. There are “real” prepaid cards or virtual ones.

All these types, therefore, have been created with the aim of protecting the owner’s funds as much as possible. Allowing him a wide freedom of movement. Let’s see specifically the virtual cards. Which already active for a while ‘in the United States, but arrived in some countries later.

Virtual prepaid card

We have mentioned the fact that virtual prepaid cards are in all respects prepaid cards. Consequently loose from accounts or main credit cards, in which the “material” component is missing. Meaning no magnetic card to keep in the wallet.

Normally the service is included directly by their financial manager. So this makes virtual cards a competitive payment method on the market, given the often negligible cost.

Duration of card

Depending on the needs, these cards can have a different duration: we can have the disposable or those with duration. The first type is generally created for online transactions to be made on the spot and is deactivated when the ceiling is finished or after five days of inactivity.

Cards of the second type, on the other hand, are valid for a few months, depending on the choice of the creator, and once they have expired they are directly and irreparably disposed.

How it works.

The virtual prepaid cards behave as if they were a kind of “mirror for the larks” as they seem to all intents and purposes credit cards (they have a 16-digit numbering with expiry date, credit card and holder) but until you have the actual transaction there is no real movement of funds from the main account to the virtual card.

In addition, since there is no movement of money until the moment of payment, if the card expires with a valid ceiling, your cash will not be in any danger because it will always be safe on your bank account or credit card.

If for some reason you need to block or deactivate a number, also in this case you can sleep peacefully. It is possible to deactivate the cards, in your personal area. Manually or automatically, once they reach zero credit or their expiry date .

For these reasons, virtual prepaid cards have increasingly positioned themselves as a method of payment. It combines a wide possibility of use and very high standards of security for web transactions. These features make them one of the most useful payment methods both for individuals and in the business sector.

Check our other How-to articles