This virtual credit card service is really needed by the community when they want to use a credit card. The use of this credit card has many benefits that can be felt as a legal means of payment to facilitate payment transaction activities.
In principle, using a virtual credit card is very useful because it functions like a conventional credit card with a very high level of security. Because large credit card companies such as Visa and Mastercard manage it.
Some aspects of using virtual credit cards, they tend to be safer than conventional credit cards.
What is a Virtual Credit Card Service
This virtual credit card has a 16-digit number associated with a randomly generated credit card account but is also provided separately from the physical credit card it has.
In general, virtual credit cards only have a 16-digit card number and other components that are usually found on conventional credit cards, namely the owner’s name, expiration date, and the 3-digit number of the CVV.
However, it should be noted that not all banks in Indonesia already have services for virtual credit cards.
As an alternative option, of course, there are several platforms or companies engaged in financial technology by offering virtual credit card creation to every consumer who needs one.
The Legality of Virtual Credit Card Services
When referring to a bank or virtual technology platform whose business is engaged in the financial sector, of course, the service provider for this virtual credit card is legal to use.
The thing that very often causes problems is the existence of parties who offer individual services outside the official institution.
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However, it must be emphasized that not all VCC service providers always offer services that have an impact on consumer fraud. As for the problems that often occur when using services from virtual credit card service providers as follows:
• Has a shorter expiry date than what was stated earlier
• The balance in the VCC is less than the nominal amount stated at the beginning
• The service provider has difficulty or cannot answer when contacted to ask about problems with making payments or other problems related to virtual credit cards
• The credit card number cannot be used to pay for services through certain sites or platforms.
Use of Virtual Credit Cards in Business
The use of virtual credit card services is more widely used by entrepreneurs who are increasingly lively because they provide many benefits to support the sustainability of the business being carried out. Some examples of the use of virtual credit cards in a business that is carried out as follows:
1. More Practical
The use of this virtual credit card can provide convenience for every business actor because the process is very practical without having to carry physical cash or credit cards.
This of course makes it easy and there is no need to bother carrying a physical credit card anymore because the transaction can be completed simply by entering data from the credit card that is owned on the online payment platform that is being made.
2. More Guaranteed Security
Virtual credit card services are actually not like using a physical credit card, which does have a fixed number of data. However, for the use of virtual credit card numbers, changes can be made for each transaction activity that will be carried out by users.
Thus, if the data is stolen, of course, the virtual card data cannot be misused because it has an expiration date. This of course provides benefits for every user because security is more guaranteed and minimizes the risk of crimes that can be committed.
3. Monitored Spending
In monitoring business expenses, of course, it can work well if you use this virtual credit card service. This is because the balance or limit of funds contained in the virtual credit card can be adjusted according to the budget and needs of each user.
4. Ease of Paying Subscription Fees
Subscription fees for using virtual credit cards are easier to pay online. Entrepreneurs can make arrangements for scheduled payments so that later they don’t have to worry anymore about losing access to the services that have been provided by the subscription provider platform.
How to Choose a Virtual Credit Card Service
1. See User Testimonials
Check the testimonials from several people who have previously used the services of this virtual credit card provider. Testimonials given can usually be obtained through online forums, especially those that do discuss the specifications of the credit card used.
In this case, of course, you can also ask directly about the opinions of friends or relatives who have used virtual credit cards from these services. This virtual credit card service must be properly ensured in order to get reliable services and not be at risk of fraud.
2. Good Name
Look for a virtual credit card provider with a good name on a domestic or global level. This is of course that VCC provider companies do not risk their reputation by carrying out fraudulent activities that will harm their services.
3. Matching Features
Make sure to choose a virtual credit card service that already has the features that users really need. The existence of this basic VCC feature is one of the card data that will be needed to make payment transactions.
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In this case, you can ask the service provider directly whether you can top up the card balance yourself or how to apply it. That way you can ask directly related to transaction fees and how much the virtual credit card services are for the manufacturing process.