The requested funds are drawn from your debit card or bank account without disclosing the real credentials to the merchant, providing a private and safe transaction. In some cases, transactions are sent through a secure tokenization process, which involves replacing actual card credentials with automatically generated values. Virtual credit and debit cards have the same purpose, which is to protect your real card or bank information when completing transactions.Ī virtual card is a digitally generated card number with an expiration date and security code. Best Virtual Debit or Credit Card Providers-What To Look For In this guide, we will cover the criteria for choosing a virtual card provider and evaluate some of the best ones to help you make an informed decision. There are many options on the market, but not all of them offer the same level of service, security, and features. While virtual cards (and other contactless payment methods) grew significantly during the COVID-19 pandemic, the main reason behind their continued popularity is the protection they provide against card cloning, identity theft, and fraud-not to mention convenience.įinding the best virtual credit card providers depends on your personal financial needs. The use of virtual cards has risen exponentially in the past few years, with the market size potentially hitting $37.5 billion by 2028.
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