Today we are going to tell you about this topic and know what Virtual Credit Card is and how we can make this card online. In today’s time, there has been a lot of increase in online shopping. Today almost every internet the person running it is doing online shopping from the internet, but sometimes he may have to suffer loss by purchasing some goods online because when you buy goods online, you have to share your debit or credit card information, however, if you want. If you want to buy some goods online without sharing your debit card information, you can take the help of Virtual Credit Card.
What is a Virtual Card?
A virtual card is a digital payment form that allows you to make purchases online without the need for a physical card. It functions similarly to a traditional credit or debit card by securely storing your payment details. However, instead of a physical plastic card, a virtual card is represented by a digital image or a set of card details.
Virtual cards offer numerous advantages over their physical counterparts. Firstly, they provide an extra layer of security as the actual card details are never shared with the merchant during a transaction. Instead, a unique card number is generated for each transaction, ensuring that your sensitive information remains protected.
Let us tell you that it is like a debit or credit card about which you get all the information in which you get a debit or credit card but with a virtual card you can use it only online on the internet. At the same time, you cannot use it in ATM machine like a debit card.
When you apply for this card, related information like your name, card number, CVV expiry date is available in this card. However, if you have checked this card, no purchases can be made after it is credited to your account. In this way, you do not suffer any kind of loss from this card.
How to make a Virtual Card
Now you must have known what virtual card is. Here we are advising to make virtual card through SBI bank because most of the people have SBI account. To get this card made, you must have net banking of SBI Bank, because to get this card made, if you do not have the facility of net banking of SBI, then you can submit the net banking form in your bank. If you have a debit card then you can also do online net banking. You can also read this in a post on this topic.
- To create a virtual card, you have to follow the steps given below.
- First of all you have to log in to the net network site of your account.
- After this you will have to click on e-services visible in the menu. Here you have to click on e-card.
- As soon as you click on the e-card, you will see three posts in which the first place will be of State Bank Virtual Card, you have to click on this simple.
- Now to create your virtual card, you will be asked for a default amount, so here there is a condition for you that you can create a virtual card from 100 Pizza to 50 thousand Pizza with your card.
- After depositing the amount, an OTP will be sent to your registered mobile number which will be confirmed by posting it in the box and your virtual card will be generated. With this card you can do online shopping anywhere.
Using Virtual Card Online
Using virtual cards for online transactions offers many benefits. Firstly, it increases security by adding an extra layer of security to your payments. Instead of sharing your actual card details, you can input the unique card number generated for each transaction, reducing the risk of unauthorized use or identity theft.
To use a virtual card online, you need to add its details to the online payment platform you are using. This usually involves entering the card number, expiry date and CVV code provided by the virtual card issuer. Once the details are added, you can proceed with your secure online shopping.
It is important to monitor your Virtual Card transactions regularly. Most virtual card providers provide transaction history and real-time notifications, so you can keep track of your spending. By reviewing your transactions, you can easily detect any anomalies or suspicious activities and immediately report them to your virtual card issuer.
Using the Virtual Card in person
While virtual cards are primarily designed for online transactions, there are also alternative ways to use them in physical stores. One option is to link your virtual card to a mobile payment app like Apple Pay or Google Pay. These apps allow you to make contactless payments using your smartphone, which can be linked to your virtual card.
Another option is to transfer funds from your virtual card to a physical card that can be used for personal transactions. Many virtual card providers offer this feature, allowing you to transfer the desired amount from your virtual card to a physical card, which works like a traditional debit or credit card.
Managing your virtual card
Managing your virtual card usage effectively is essential for a seamless and hassle-free experience. Here are some tips to help you get the most from your virtual card:
Set spending limits and expiration dates: Take advantage of the control features provided by your virtual card provider. Set a limit on the amount you can spend and make sure your card’s expiration date suits your needs.
Review Virtual Card Transactions Regularly: Stay vigilant by regularly checking your Virtual Card transaction history. This will help you identify any unauthorized or suspicious activities.
Keep your Virtual Card details secure: Treat your Virtual Card details like any other sensitive information. Keep them private and avoid sharing them with others.
Report any problems or fraudulent transactions: If you notice any suspicious activity or unauthorized transactions, immediately report it to your virtual card issuer to protect yourself from potential financial loss.
Conclusion
In conclusion, virtual cards have emerged as a secure and convenient payment solution in the digital era. Their unique features, such as increased security and flexible control, make them an ideal choice for online transactions. By following the steps outlined in this article, you can obtain, set up, and effectively use a virtual card for both online and in-person purchases. Embrace the benefits and convenience virtual cards offer, and experience secure transactions like never before.
