Visa Virtual is by far the most well-known and widely used VCC among online users. Visa is responsible for issuing the vast majority of virtual credit cards now in circulation; however, MasterCard is also capable of producing VCCs. After a valid payment has been made using Liberty Reserve or Webmoney, the cards are often supplied immediately. If a customer chooses to pay via a payment method such as WU/MG or Bank Wire, the retailer must first collect payment before disclosing their virtual card information.
A virtual credit card can be bought by anyone, anywhere in the world, and owned by that person. It might be anyone who wants to make payments and transactions online but does not want to reveal the information associated with their own debit card, or it could simply be someone who does not have a debit card at all. When you buy a virtual credit card, most retailers will not ask for any kind of identification from you. After you have completed a payment, the details of your virtual card will be sent immediately. Any unauthorised use of these cards is the responsibility of the customer. In most cases, payments can be made through well-known e-currency payment platforms like Liberty Reserve or Webmoney.
Some retailers will accept payments made through PayPal, Moneybookers, and similar services. WU/MG or Bank Wire are two additional regular payment alternatives that may also be available to you. You really need to have a Virtual Credit Card. VCC is a boon for both the client and the shop in this day and age, when technology is fast improving and people are becoming more accustomed to readily adopting newer, easier ways of living. People used to avoid making purchases or conducting financial transactions over the internet because they were afraid of having their personal information stolen.
However, those days are long gone. If you don’t have a Virtual Credit Card in this day and age, you are really missing out on a lot of great opportunities. Virtual credit cards can be used for online transactions and purchases on the websites of any online retailer, distributor, or business; in a nutshell, virtual credit cards can be used anywhere that traditional credit cards are accepted. Some of them are also used to authenticate payment accounts with PayPal and other services that are comparable. Even if you are not need to divulge your actual personal information while using VCCs, you are still required to provide a genuine address when doing online orders that call for physical delivery.