A virtual debit card is similar to an invisible debit card in that no physical debit card is provided to the customer after the transaction. If you apply for one of these cards, you will not get a debit card in the mail. You will, however, receive an email with all of the card information. Once your application is complete, you will receive an email with a 16-digit debit card number. Additionally, you will receive a three-digit verification code. Online merchants utilize the verification code to ensure that you are the cardholder. The card may be used in conjunction with your current bank account or linked to another credit card.
You will only be able to use your card for online purchases. This card functions identically to other debit and credit cards. If you place your order online, provide your credit card information and verification code, and the transaction is complete. These cards are intended for those with poor credit, no credit, college students, and self-employed individuals.
A virtual debit card does not require proof of income and no credit checks will be conducted. Due to the card’s opacity, you never have to worry about it being lost or stolen. You never have to worry about overspending since you can only use the funds in your account. As a result, you’ll never be charged a late payment or an overdraft fee. Additionally, since this is not a check, there are no penalties associated with insufficient money.
If you make a lot of purchases online, this is an excellent card for you. If you are not a frequent online shopper, you may want to choose a traditional debit card connected to your bank account or a prepaid debit card. You may top up your card with money from your current bank account, another credit card, or a money order. Each deposit is subject to a modest load fee. Avoid anyone who attempts to offer you a virtual debit card. Subscribe to a debit card issued by a trustworthy financial organization.