Shop Online With A Prepaid Virtual Credit Card

Most people love shopping but what if you are a business owner or an ordinary employee

who is too busy to go out and visit the mall to buy things you need or want? The best solution is to shop online. However, is it safe? Scammers are on the loose trying to victimize other people. They simply stole your personal or financial information and use these details as their own.

Want to know how you can avoid being a victim of Identity Theft and online fraud? The answer is to use prepaid virtual credit cards.

Significance and Functions of a Prepaid Virtual Credit Card

The internet has made almost everything possible and easier. However, even scammers are benefiting from technology. These scammers gain profit by stealing other people's personal and financial information.

Using prepaid virtual credit cards lessens the possibility of having your personal details exposed to these con artists. This type of card has been a major asset in online purchases. To better understand how a virtual card works, here is a scenario:

You saw this particular item on eBay and plans to buy it. Let us say you are going to use a prepaid credit card. You will then need to provide eBay with the actual credit card number on your prepaid card. Whereas, if you are using a prepaid virtual credit card, you are only giving out a virtual credit card number linked to an amount you have pre-paid or paid in advance. What is the difference between a prepaid credit card and a virtual one? A prepaid virtual credit card does not exist in physical form. It is just a number you can use when purchasing items online.

The Advantages

A virtual credit card number is not linked to any of your personal and financial information such as your social security number, bank account numbers or contact numbers (i.e. landline phone number, etc.) The risk of thieves gaining access to your personal details is definitely minimized. This is the perfect card for people who are afraid to shop online because it certainly gives them a greater level of security and confidence.

Another great thing about virtual prepaid credit card is that any one can apply for it. It can be used to buy items online, whether it is in Google, eBay, PayPal, Amazon, iBil, etc. Students can also have one and use virtual cards to pay fees at some online universities. Business owners and socialites who often travel can use it as well to pay booking fees.

The Disadvantages

If there are advantages, there are also disadvantages. However, it is only minimal. Once your virtual card number is stolen, the prepaid amount on the card is gone as well. To avoid this misfortune, be sure to use your prepaid virtual credit card on the same day you purchased it. Important Reminders:

More and more consumers are already using this type of card. You can also expect that scammers have also thought of a way to victimize people. Choose a reputable credit card company when purchasing virtual prepaid credit cards. PayPal are also offering virtual credit cards.

Copyright (c) 2010 Tara Tiemann

by: Tara Tiemann

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