Are virtual credit cards safer than physical cards?
Virtual credit cards are digital versions of physical cards, designed specifically for online transactions. They generate temporary numbers for secure online transactions.
- Physical cards are vulnerable to skimming but can be protected with contactless payments and secure ATMs. Virtual cards eliminate skimming risks as they are entirely digital.
- Physical cards are more versatile, supporting POS, ATM, and online transactions. Virtual cards enhance security for online shopping.
- Physical cards remain essential for in-store purchases, travel, and emergency cash.
Points to keep in mind while using virtual credit cards:
ENHANCED SECURITY:
Virtual cards offer spending limits and deactivation options
but aren’t entirely fraud-proof.
TRANSACTION MONITORING:
Users should regularly check for unauthorized activity.
ONLINE-ONLY USE:
Virtual cards aren’t accepted for in-store transactions.
CYBER THREATS:
Be cautious of phishing attacks and report suspicious
activity immediately.
For More Details: Pooja Manoj Gupta, visit www.giia26.com
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