What is a virtual credit card or VCC?
A virtual credit card (VCC) is a virtual credit card number (VCN) typically used for online purchases, and often for single-use transactions. Virtual credit card numbers are not associated with a physical card, and consequently cannot be used for in-person transactions.
Almost everyone can shop and online transactions using their debit card, credit card, net banking account etc. but the problem arises when a potential buyer does not have a real credit card and s ite dealer only accepts currencies like U.S. Dollars (USD), etc.
In the above circumstances, the virtual credit card (VCC) is presented as a rescue for many people!
What is a virtual credit card or VCC?
A virtual credit card (VCC) is a replica of the real credit card that the user can generate online, anytime whenever he / she wants to transact on a specific website. A map Virtual Credit (VCC) works just like a normal credit card, even if it is produced in a virtual environment.
Just like a real credit card, VCC possess all the following required information for a successful online transaction:
Name of cardholder
Number of credit cards
CVV/CVV2 code
Expiration date
Support Visa or MasterCard -- This depends entirely on the bank that provides business clients VCC
The benefits of a virtual credit card
The advantages of online transactions using a VCC:
A virtual credit card is only valid for a single transaction time. shall expire automatically when a transaction is successful. This means no one can use a virtual credit card number specific and more than once .
A user can define his / her own limit on the amount VCC / Mint. For example, if 100 USD is equivalent to 4500 EUR (depending on exchange rate), the user can configure his / her limit currency 4500 EUR , when he / she wants to deal / online shop for 100 USD. Due to this feature, the merchant site may require more than $ 100 in any condition, from the bank account of the user.
Almost all payment gateways recognizes a virtual credit card as a real credit card, and because of this user can shop / online transactions, if he / she does not have a real credit card
In the above circumstances, the virtual credit card (VCC) is presented as a rescue for many people!
What is a virtual credit card or VCC?
Just like a real credit card, VCC possess all the following required information for a successful online transaction:
Name of cardholder
Number of credit cards
CVV/CVV2 code
Expiration date
Support Visa or MasterCard -- This depends entirely on the bank that provides business clients VCC
The benefits of a virtual credit card
The advantages of online transactions using a VCC:
A virtual credit card is only valid for a single transaction time. shall expire automatically when a transaction is successful. This means no one can use a virtual credit card number specific and more than once .
A user can define his / her own limit on the amount VCC / Mint. For example, if 100 USD is equivalent to 4500 EUR (depending on exchange rate), the user can configure his / her limit currency 4500 EUR , when he / she wants to deal / online shop for 100 USD. Due to this feature, the merchant site may require more than $ 100 in any condition, from the bank account of the user.
Almost all payment gateways recognizes a virtual credit card as a real credit card, and because of this user can shop / online transactions, if he / she does not have a real credit card
0 Response to "What is a virtual credit card or VCC?"
Post a Comment