Business

Virtual Cards v. Digital Cards: The Difference.

One of the things these two cards have in common is that you can’t lose them. In addition, you can add them to your digital wallets and make online purchases or contactless payments with them. The two of them have both credit and debit types. However, while they sound the same, they aren’t the same.

The difference between them is that virtual cards have their version of CVC and card number. Also, there are prepaid versions of virtual cards, and the disposable virtual card expires upon use. Digital cards are the digital version of your physical cards with the same CVC, card number, and expiry date.

Advantages of Virtual Cards.

  • Virtual cards have the following advantages.
  • Difficult to lose
  • Ease of use
  • Added protection
  • Environment friendly
Progress In Open Banking: MasterCard Introduces Pay By Link
HSBC Double Woes.