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Most people are too busy to even go to the mall or their favorite boutiques to shop. This is the reason why online shopping is becoming very popular nowadays. However, many shoppers are reluctant to reveal their personal and financial information due to the fear of having these details stolen and used by others.

The perfect solution is to use a prepaid virtual credit card. It is easy to use and you can avoid being an easy target to online scammers. Let us get to know this type of card more.

Significance and Functions of a Prepaid Virtual Credit Card

Scammers are all over the internet. They profit from stealing personal and financial information from other people. Prepaid virtual credit card has been a major asset in online purchases. It works just like a prepaid debit card but it can only be use to make online purchases. Let us cite examples to better understand how a virtual card works.

You are planning to purchase an item on eBay. When you use a prepaid credit card, you need to provide eBay with the actual credit card number of your prepaid credit card to purchase the item. On the other hand, if you are only using a prepaid virtual credit card, the credit card number you are going to use on eBay is just a virtual credit card number linked to an amount you have paid in advance.

The difference between a prepaid credit card and a virtual one? A prepaid virtual credit card does not exist in physical form. It is just a number you can use when purchasing items online.

The Advantages

Since you are using a virtual card, the risk of thieves gaining access to your personal information by stealing your credit card number is minimized. The virtual credit card number is not linked to any of your personal and financial information such as your social security number, bank account numbers or contact numbers (i.e. landline phone number, etc.) This is perfect for people who are hesitant to buy online because it gives them a greater level of confidence and security.

Anyone can apply for a virtual prepaid credit card and it can be used to purchase items online, whether it is in Google, eBay, PayPal, Amazon, iBil, etc. Many students can also use virtual cards to pay fees at some online universities. People who love to travel can use it to pay booking fees.

The Disadvantages

There is still a little risk when using a prepaid virtual credit card. A virtual credit number can still be stolen along with the prepaid amount on the card. The best thing to do is to purchase a prepaid virtual credit card that is just the right amount you are planning to spend online and use it on the same day.

Things To Remember

Due to the rising popularity of this type of prepaid credit card, scammers have also thought of a way to victimize people. Avoid purchasing prepaid virtual credit cards from virtual card issuers that have questionable reputation. Choose reputable credit card companies. You can also purchase virtual credit cards from PayPal.

About the Author

Tara Tiemann is a credit analyst of Go-prepaid.com and has been a resource site for people who want to live debt free! If your on a budget using prepaid debit card and prepaid cell phone services can save you big money!