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First, we swiped, then we chipped, and now do we even need physical cards in our wallets? With the introduction of virtual payment cards, spending has never been faster, safer, and more convenient.
How do virtual payment cards work?
Simply download the app to your desired virtual card vendor and make an account. From there, you can access your virtual cards instantly. The virtual cards are linked to your bank or credit card account but offer much more flexibility and control over your finances than the physical card does.
Let’s take a look at the top 5 benefits of having a virtual payment card.
1. Virtual Payment Cards Offer Exceptional Protection
As technology advances, so does the ease of being able to hack into our personal accounts. Virtual cards randomly generate new 16 digit numbers with every payment, which makes it so much harder to link that number back to your account numbers. If someone has access to your phone, your app will require a unique PIN or face scan in order to even use your virtual cards.
2. More Financial Control
Virtual payment cards make it easy to stay within a budget by allowing users to set their own card limits instead of a maximum limit like physical cards have.
Many cards also allow the user to freeze their account whenever they need to as well as canceling any recurring payments with ease. Sticking to a budget and saving money is only a few clicks on the app.
3. Streamlined Management
All of us have scratched our heads when a payment to a random string of letters appears on our card payments. When switching to virtual cards, you can assign certain virtual cards to be used for specific vendors. This is then tracked in the app, solving the problem of confusion as to where your money is actually going.
4. Easier Recurring Payments
If you manage a lot of online subscriptions, having a virtual payment card is far superior to a physical one. Canceling a subscription is as easy as deleting the virtual card that it’s connected to. Having a virtual card means not having to change each account that’s linked to your one physical card if you’re overcharged.
5. Convenience
You need virtual debit cards to make your financial life that much easier. No more heart attacks when you’ve lost your physical card. No more awkward smiling at the cashier when it’s a hot day and your card is sticking to the pleather of your wallet. It’s 2021, life shouldn’t be so inconvenienced by a plastic card.
Go Virtual Today!
Taking a few minutes to make an account with a virtual payment card vendor ensures a lifetime of security and convenience. Who wouldn’t want the relief of knowing that in a world of data breaches that your information is safe?
Did you enjoy this article? Be sure to check out more like it in our technology section!
