Since the beginning of time mankind has developed and evolved new methods to carry out business and trade. Credit cards aren’t a new concept. Dating back from the mid 1940’s the first credit cards were presented by American Airlines and the Atmosphere Transport Association to promote air travel. Later on banks and financial service providers provided the service to their customers. The current age of computing power, and web diversity has further revolutionized the way we carry out our day to day financial transactions. Whether it is online shopping, funds exchange, booking a holiday abroad or purchasing other services online, credit cards make it all possible from the comfort of your house. But are internet transactions secure enough? Yes, with the introduction of Virtual Credit Cards they are now!
Web Marketplace & The Pirates
The internet age has brought immense comfort and ease to customers in making the right product options. Search the web for what you need, and in what price range, all the options available to you will be there. Choose what fits you best and pay via your own credit card in a few keystrokes. As it is with all good things that have a downside, the web marketplace also experienced a glitch. Pirates of the web surfaced as being a threat to the otherwise safe regarded as online transactions. The introduction of Virtual Bank cards has helped overcome this problem.
Security Made Possible
Modern encryption techniques and online security protocols/parameters such as SSL, SMPX etc are now in place to guarantee the utmost security of your financial transactions. As an added measure of security the idea of virtual credit cards, the VCCs is certainly introduced. VCCs are cards specifically for use over the internet and are considered the secure mode of online dealings. Using the SET (Secure Electronic Transactions) Protocol security and confidentiality of transactions is made possible. The service provider to customer and the customer in order to bank information security protocol can be followed allowing access only to information relevant to each of the two parties. These are simply cards linked to the users bank credit card or a physical bank account actively playing an alias to the original. Just about all VCC service providers have a payment authorization mechanism. It can either be a good IVR (Interactive Voice Response) ask your personal cellular phone asking you to confirm whether the one carrying out the transaction or in certain cases it can be either a good SMS/e-mail message delivered to your authenticated number or email. Some banking institutions today provide temporary/ time bound VCC accounts. The best thing with VCCs is that you can yourself set the utmost credit limit, expiry date and the particular online locations where to shop from. Meaning, no chances of fraud or maybe the card being misused.
Virtual Bank cards: A Great Service
One such virtual bank card service is Paypal. Offering solutions purely relying on digital systems to undertake transactions Paypal is one of the earliest to start among all virtual credit card payment providers of its kind. It has close to 81 million operational accounts spread over 190 markets around the globe. A modern bill-me-later service allows customers to be billed for their e-invoices later via a bank account or a credit card. They offer combined services with all major online stores. Whether or not you buy accessories from amazon. com, pay for advertising over the internet or a domain name from a registry such as godaddy. possuindo, Paypal is always there. Another from the better VCC providers is Entropay. Having loaded funds into your Entropay VCC from a regular bank account they will set you free to shop on the internet once you have verified your address and other account details. A nominal transaction fee is charged when the card is used.
For those who have just about any inquiries concerning where by and the way to make use of Reloadable virtual card for bet365, you’ll be able to email us with our own web-site.
A good alternative to Paypal, Netletter VCC offers a prepaid master cards and signing up is free of charge. Use costs per transaction. For people in the US Netspend offers quality VCC providers in partnership with both visa and learn cards. American express a big title in the US banking industry offers VCC services alongside master and visa for australia cards for secure, hassle free on-line spending. And there are several other similar services in the marketplace.
Go Get It!
A Virtual Credit Card is a must have. Along with technology rapidly advancing and people getting used-to readily adapting newer, simpler ways in life, VCC is a true blessing for both the customer and retailer. Periods are long gone when people fearing of identity theft stayed away from producing purchases or carrying out monetary transactions over the web. In this wonderful era of Virtual Credit Cards, if you don’t have one, you are missing a lot.