While the advent of information technology in conjunction with Buy VCC has made the life very convenient as any thing can obtained at the click of a mouse, it has also increased the susceptibility towards frauds as well. The fraudsters after taking the cards and the PIN numbers do online transactions and lead to a situation of despair for many of us.
There was an apprehension that with the intensity of online frauds increasing the luxury of conducting all the business related. And personal transactions from the comfort of home may become a thing of the past. But it has not happened like that. After all, the creator is one step ahead than the destroyer.
The lucrative business proposition that the credit card companies have create for themselves could not allowed to die a slow death. So, the panacea was found in the virtual world itself. And the genie unplugged out of the bottle was Virtual Credit Cards.
What is a virtual credit card?
A virtual credit card is a card that exists in a virtual world. It does not have any physical shape or size. The validity of the card is also transaction limit. The card has come into vogue so that the transactions can done in the cyber world without using the physical card. This is to instill confidence in the user about the security of the transaction.
Whenever a transaction is to done through the credit card, and if it has an option to generate virtual credit card, it would give you an option of generating the same on screen, before the transaction is to completed. This is done through a note or a dialogue box that would pop-up on the screen. And would ask you whether you want to use the virtual credit card to complete the transaction. Virtual credit card therefore can also be termed as a pre-paid card in the virtual world.
As the virtual credit card is a pre-paid card with a fixed denomination value. It can only used for a specific transaction and after that the card is destroy from the records. For every new transaction that is to done, a new virtual credit card is generate so the cheaters and fraudsters cannot con you even though they might have copied the number of the card stealthily, as it is self-destructing. When you use the virtual credit card, it provides protection about your financial information. The biggest advantage of virtual credit cards is that it comes with zero liability against any unauthorized purchases made from your account.
Another advantage of virtual credit card is that as it generates a new number every time. There is no chance of number being misuse at all. Besides, the virtual credit card is free of cost and no maintenance or membership charge is make on this card. If you are using it, there is no download or user charge as well for using the virtual credit card.