With traditional credit, prepaid, or gift cards, the balance is associated with the actual card number, so if itâ€s lost or stolen, those funds can still be accessed. A compromised physical card will require you to go to the bank for a replacement; a compromised gift or prepaid credit cards typically means losing the balance.
With a virtual card, the card numbers are issued separately from the account. You will determine the balance for each card, set an expiration date, and whether it is a single or multi-use card. You also choose who you issue your virtual card to, and if the card needs to be cancelled, the balance immediately reverts back to your account. Issuing another card can be done at any time.
Virtual Cards are accepted by any vendor accepting Visa or Mastercard.