A virtual debit card makes an added layer of protection for making a charge on a virtual credit account. A virtual debit card is basically a randomly generated 16 digit number linked to your real credit account. Your credit issuer may also provide this service in order to deter fraud when you shop online without presenting your actual plastic card.
One way that you can use a debit card is by using it for online shopping. You will need to use the credit number given to you on the screen, and then the amount will be debited from your account. If you are using a debit card on a site that does not allow you to use cash, the money will be debited from your account on the second billing date. This is much like a regular debit card but will not be debited from your account if you use your credit account. You should not use your debit card when you pay online, and it is not recommended to pay bills via an electronic transfer service that may be provided by the credit company, since these services do not always report charges correctly to your card.
To find a site that provides virtual cards, visit a bank or financial institution. Often you will find these cards on the ATM machine, or when you are paying bills. They should be available at your local branch or in your local newspaper.
A debit card will usually be stored in a separate location. You should not carry it with you in your wallet. The debit card will generally be very small, but it will be able to contain enough funds to cover any bill that you are going to pay, including those that have a high interest rate. It will be very difficult for someone else to use your card while you are paying the bill or shopping online.
Since you may need to use your virtual card to make a purchase, it is important that you keep the information on it safe. Some sites may try to collect sensitive information, such as your Social Security number or bank account information. By storing your information on a password protected computer server, you should be protected from identity theft.
A good place to store your information is on a thumb drive, which can be kept in your desk drawer or in a secure locker. Since it will not be used for online purchases, your information will not be accessible to anyone else.
Many banks and financial institutions to provide credit and debit cards, so you will not have to worry about finding a site that does not accept one of these cards. Just find the card that works for you. If you are applying for a new one, you may have to provide some personal information, such as your social security number or a copy of your identification. This information will be encrypted before it is sent to your card issuer, to prevent others from accessing your account information.
Many banks will allow you to apply for a new credit or debit card on their website. If they do not, you can contact them directly. There are many other banks that will not require that you fax over any kind of financial information, because they feel that their customers have already established a good standing with them. In addition, some companies that offer both credit and debit cards will also offer their clients no credit check, which allows for more flexibility.
If you use a website to make a purchase, you may not know that the site will allow you to use your virtual credit card to make purchases when your debit card is empty. The purchase will then be credited to the virtual credit card, thus allowing you to buy something even if you do not have cash available. This will save you money because the site will charge you for the purchase, and since your card is not in your wallet, you will not have to worry about it getting lost. or being used by someone else.
Once your virtual card expires, you can still use it to make future purchases. You can also continue to make online payments, without worrying about losing your real one. by using a magnetic stripe card or ATM card. As long as you remember to reload your virtual card each time you use it, you should have no problems.