What Is A Virtual Card?
8 October 20
Have you been seeing the term virtual card a lot lately, but don’t quite understand what it is exactly? Let us clear this out for you.
A virtual card is just like any payment card you would use for online purchases, except it doesn’t exist in a physical form. Just like any normal card, a virtual card also has a 16-digit number, an expiry, and a CVV code that is randomly generated for you. It can be used for all the same purposes that a physical card is used for when buying something online.
What are the benefits of using a virtual card?
Can be used anywhere online
No need to worry that the places to use virtual cards may be limited. Virtual cards can be used for paying online anywhere, as every vendor that accepts credit cards will accept virtual cards as well.
You’ll never lose it
Physical cards are easy to lose. It has happened to the best of us. Virtual cards, on the other hand, are always stored in your TeslaPay account and can’t be lost.
Virtual cards tend to be more secure than normal payment cards because they can’t be physically stolen. Therefore, there is a only a very small risk that someone could steal your card number and use it again. Not to mention, you don’t expose your physical card’s number to the vendor.
As you can see, virtual cards offer a number of benefits and are extremely easy to use. If you don’t have a virtual card yet, jump in, get started, and enjoy easy shopping online.