![]() This helps buyers track and control their spending and acts as a layer of security preventing the card from being used for nefarious purposes.Ī lodge card, conversely, can be used multiple times. There are two main types of virtual credit cards: single-use and lodge cards.Ī single-use virtual credit card is, as the name suggests, a card whose number can only be used once. The types of purchases it’s used for (based on merchant codes).They can also put controls on a virtual credit card number that limits its use based on a series of parameters, including: ![]() Through a virtual credit card provider, a buyer can generate as many virtual card numbers as they want off the same physical card.Ī buyer will typically use a virtual credit card number only once-however, there are exceptions. It’s an automatically generated 16-digit card number used in place of the physical credit card number it’s associated with.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |