Definition of virtual credit card

A virtual credit card is a service that helps you keep your financial information safe while shopping online. Usually, you get a unique virtual number that is different from the physical card number attached to your account. These dummy numbers are randomly generated and are one-time use.

This added layer of security can help reduce the chances of fraudulent activity using your account, as virtual numbers are not as useful to criminals as your physical credit card numbers. A virtual number is essentially a one-off "virtual" number that is only suitable for limited use.

How virtual credit cards work

When you sign up for a virtual credit card service, you will be able to make transactions online without revealing the real identity of your card.

Depending on your card issuer's choice, this can be done in a few different ways:

1. One-time Easy: If you have a one-time purchase that makes a website that you may not trust, you can get a virtual credit card number for a single transaction. Think of it as a disposable mask for credit cards. Your credit card company will generate a random 16-digit number for the transaction. Merchants will use it as if it were your regular card number, and any card information stored on the site will be useless to potential predators offline.

2. Merchant-specific transactions: Some card issuers will allow you to set up a virtual credit card number to work with only one online merchant. For example, Capital One will create a unique card number for each merchant and allow you to lock and unlock that number for use. This will not have any impact on the use of your physical or other virtual card numbers. This can be a handy protection tool to store card information with online merchants where you shop frequently.

Introduction of Fincon

Fincon is a fintech solution company that understands the financial woes that startups are dealing with, from struggling to open a bank account to getting a business credit card and making cross-border payments.

We have developed a proprietary AI-driven approval process to provide underwriting and better service to startups in emerging markets. Our strong founding team of serial entrepreneurs, data scientists and fintech executives has built and led startups in emerging markets and the US.

Inspired by other founders creating amazing things around the world, our mission is to drive your startup growth and help you scale. You can fully trust our professionalism when it comes to cross-border payments.

How do I get a Fincone virtual credit card

Check with your credit card issuer to see if it offers virtual credit cards. Not all issuers offer this service. If you also have the need to have a virtual credit card, Fincone Global Payment Card will be a good choice, you can call +86-16266316316 or send an email to evan.fan@fincone.com to get in touch with us, we will be happy to help you serve.