Data breaches have become an unfortunate reality in our society today. Therefore various inventions are coming up to help us protect ourselves from the rising data theft and fraud. Virtual credit cards are unique numbers that allow you to anonymously transact on your regular credit card so that you will not have to expose your original credit card number. You can limit the amount of your transaction and decide when the virtual credit card expires. Additionally, through the virtual card, you can lockout or delete any account number you want then create a new one to use with that merchant. Therefore this will prevent you from falling victim to any fraudulent activity. Below are some of the best virtual credit card providers and how you can set up an account with them.
Capital One (ENO)
Capital one virtual card numbers allow you to carry out your online shopping without revealing your actual card number to the merchant. Every detail about you is fully integrated with the capital one account. Capital one Eno virtual card number saves you the trouble of opening a new account after your old one has been hacked. If someone steals your virtual card number, they are likely to be blocked immediately if they try using it. Additionally, you can permanently delete it and create a new one if you suspect your data has been stolen.
Moreover, Capital one enables you to create different virtual numbers for every merchant. Thus you can quickly know how someone accessed your card number. The best part about Eno is that you will not have to memorize all these virtual numbers since the virtual numbers are tied to the different merchants. Noteworthy, the Eno virtual account numbers are only meant for online shopping and not for walk-in stores. To set up a virtual card number with them, all you have to do is follow these three simple steps.
- Install and log into the Eno web browser extension and automate the process of generating virtual card numbers
- When you are ready to make payments, Eno will create a virtual number for use with that specific merchant.
- Eno will then save the virtual number for future use.
Payoneer is known chiefly for the global payment of goods and services. It is used mainly by freelancers, online shoppers, and sellers to carry out their transactions. The Payoneer virtual credit card makes online transactions easier since it closes the gap to help foreigners receive money, trade-in global markets, and make international payments.
The Payoneer virtual card was introduced to help reduce fraudulent cases and can be used at any point of sale terminal where a mastercard is accepted. However, the virtual card is only available for selected Payoneer mass payout marketplaces. To confirm if your online marketplace is among the listed Payoneer mass payout companies, you can log in to your account and check whether virtual cards can be used as one of the payment methods. Once you have reviewed this, you can now proceed to activate your virtual card by following these simple steps.
- Log into your Payoneer account.
- Select settings (card management)
- Look for the virtual card that requires activation and click activate
- Follow the instructions on the screen to finalize the activation process
You can start using your virtual card at any time as long as it has not expired.
Netspend offers its consumers prepaid cards for use during online shopping. With Netspend virtual card number, you will be able to make your purchases without revealing your original prepaid card number. The upside of this virtual card provider is that you do not have to pay an activation fee. However, you need to pay close attention to the payment plans since they have monthly charges. You can request them for up to a maximum of six virtual card numbers for each active account you have with them.
Once you generate your virtual credit card number, it will work just like your regular card, only that the merchant will not see your personal information. To get a Netspend virtual card number, all you have to do is sign in to your Netspend online account centre, select which prepaid card you want to link to the new virtual card number.
Virtual credit cards offer you safety and organization. Online identity theft is on the rise, and most people have fallen victim to such unfortunate circumstances. Take complete charge of your account by enrolling for a virtual credit card. With a virtual credit card, you will be able to carry out your online transactions without having to worry about who is following your tracks to get your information. Revealing your credit card number makes you vulnerable to online skimming and theft.