A debit card can do almost everything you would expect from a standard payment card, with one exception: it is not in any way visible. So, what is this tangible bank card, and why would you want one?
In fact, there are many reasons why virtual payment cards are incredibly useful. From simple to advanced security, they are very useful in many areas. In this article, we will look at what they are about.
What is a virtual card?
A virtual debit card that exists only in a virtual way. You can use it for online and in-app purchases, and you can pay in-store via mobile payment services like Google Pay and Apple Pay, too.
The only thing you can’t do is withdraw money. This is because it has no magstripe or Chip & Pin chip – due to its lack of physical. Other than that, however, the virtual card has a 16-digit number, expiration date, and CVV just like any other standard card – and will share your account number and route number with your account.
The important thing to know, however, is that, while your virtual card will be linked to the same account as your physical card, this card number will vary. This means you can spend online without worrying about security. Just lock your virtual card while using your physical card as usual.
Discarded Disposal Card? This can be updated as often as possible, each time with a different card number – meaning your personal card information has never been shared with merchants. Instead, merchants receive contract card details.
What is a Virtual Credit Card?
Visible credit cards are offered by other banks and work in the same way as other visible credit cards. However, they differ exactly as you would expect – they are linked to a credit account rather than your current account – but the same benefits apply.
Why use a debit card?
You will notice that one of the great benefits of a virtual card is that it can be very helpful in keeping your account secure online. However, that is not the only reason why you should use one.
Instead, there are many benefits offered by virtual cards. Let’s take a look.
Globally, the biggest fraud losses reached $ 27.9 billion in 2018, up 16.2% from $ 24.0 billion in 2017. Although US cardholders produced only 22% of the world’s total cards by 2018, US companies accounted for 34% of global card fraud losses, earning $ 9.5 bn of fraudulent losses. *
Virtual cards help prevent this by freezing easily or, in the case of discarded cards, single-use. This means that the card details you leave with the merchant cannot be used to access your account after the one time you have given permission.
Skrill Virtual MasterCard – what is it?
skrill virtual card lets you use the funds in your Skrill Account to make online purchases wherever Mastercard is accepted. As it is a visual card, it cannot be used offline or at ATMs. One of the great benefits is, you can decide how long you want it to last which will give you an extra level of security and avoid fraud that may be compared to standard Skrill MasterCard plastic.
How to order a card?
Ordering your card is a quick and easy process. First, you need to make sure you have money in our Skrill account. You can then order a card by:
Just click the “Skrill Card” option on the left side of your Skrill account.
Fill out the form by choosing Card Card (available in PLN, GBP, USD, EUR) – be sure to choose the currency you make the most where you make it to avoid any currency exchange transactions.
Once your skrill virtual card is created, you will receive a 16-digit card number, as well as a Security Code (CVV) and expiration date. You can now use that Skrill Virtual card number made by any merchant who accepts MasterCard.
Foreign customers are currently not allowed to order a card and will not have an option on their accounts.
Skrill Virtual MasterCard – Fees & Limits
The original Skrill Virtual MasterCard is free for all clients to enjoy the benefits and try it at no additional cost. However, you can definitely order more cards where each new card will cost 2.50 EUR.
In addition, the standard conversion fee (if you use your account to pay in a different currency) applies to 3.99% and there is an annual service fee of 10 EUR card.