A virtual card is not a physical, plastic card. Instead, it is a set of sixteen digits similar to a credit card number together with a CVV code that is randomly generated using software.
Virtual cards can be either credit or debit cards.
What is a virtual debit card?
A virtual debit card is similar, but the randomly generated number is linked to an underlying debit account instead of a credit card. The virtual numbers can be used to make purchases remotely, but it cannot be used to make in-person purchases.
When charges are made using the virtual debit card number, the purchases are routed to the linked account and are subtracted from the balance.
However, people are not able to trace the number back to the originating account or access money by using the number.
This new feature is now available on giftoga platform. Our customers can now make use of this feature by following the steps in the video below.
Our customers can now buy and sell Virtual debit cards.