Times Of Change

What is a virtual debit card?

- Virtual debit card physically exist in plastic forms, they do not utilize a PIN. These cards are designed to allow people to make distant purchases especially for online stores. Virtual debit cards from a reliable company that is associated by a U.S. bank that supports debit card, without requiring for SSN or other types of identification.

Top 5 Facts about Virtual Debit Cards

1. A virtual debit card provides you easy access for paying bills and buying stuff either online or offline.
2. A virtual debit card works the same as a debit/ a credit card.
3. A virtual debit card generates a virtual card number each time you make an online transaction so you don’t have to use your personal card number.
4. Some virtual debit card doesn’t require your credit card account.
5. Virtual debit cards allow immediate transfer of funds from an individual’s personal account without requiring any actual transfer of paper currency.

Benefits of a virtual debit card

• In a virtual debit card, the cards get cancelled once there is no money left on it. This is good for teenagers and people who want to manage their finances.
• It is a best way to pay contractors. Minimizing the risk of making inappropriate account transfers.
• The greatest beneficiaries of a virtual debit card are those who don’t have bank accounts and those who are not qualified for having a bank account.
• Virtual debit cards are one of the best ways of making online payments through the internet.
• Some virtual debit cards are not associated to any banks, thus they are easier to apply.