NEWS & ADVICE : CREDIT CARDS
Virtual Credit Card- Know all about it!!
By Ankit Sharma
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Can Virtual Credit Cards be created using a Debit Card?

The answer is ‘Yes' for most of the banks. Even if one just has a debit card and not a credit card, they can use their debit card to create a virtual card online. In the recent times, people want to transact online always, but there are times when they do not hold a credit card. But now it is easier for them as they can they can now create a Virtual Credit Card and use it to transact online.

Refund from the merchant site

In some cases, it might happen that users get a refund of the amount paid through VCC to the merchant site. This may be because of some defect in the product or due to some problem in the services or it can be any other situation. As, the payment was made through VCC (which has already expired as it has been used once), users can get the refund back. The refund will automatically be credited to the user's main card.

In the case where the VCC is not fully utilized, the balance amount of the VCC gets credited to the main card within a certain period of time, as per the bank's policy. For example, if a VCC is generated for Rs. 1000 and it is used only for Rs. 800, then in that case the remaining Rs. 200 will be credited back to the user's main card and the VCC will lapse.

Conclusion

The VCC technology is fairly new in India, though it has been around for several years in abroad. Now by using the VCC, credit card holders can be completely assured that their credit card details are not falling in wrong hands and they can easily avoid credit card frauds and phishes.

 

 


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(Comments Posted : 58) Post Your Comments
1. Kabar baik!
Nama saya Anita George, warga negara Indonesia, saya tinggal di jl bojong pondok terung rt 003 rw 004 kel bojong tapi terung kec kec cipayung depok kota. Saya ingin menggunakan media ini untuk memberi nasehat konkret kepada seluruh warga negara Indonesia yang sedang mencari pinjaman agar berhati-hati karena internetnya penuh dengan kecurangan, beberapa bulan yang lalu saya sangat membutuhkan pinjaman, karena keuangan saya Situasi Tidak begitu baik. dan saya putus asa, saya jatuh ke tangan pemberi pinjaman palsu, dari saudi arabia dan singapura. Saya hampir meninggal, sampai seorang teman saya bercerita tentang seorang pemberi pinjaman yang sangat andal bernama Ibu. Edith Donard, pemilik sebuah organisasi pinjaman global, Dia adalah pemberi pinjaman global; yang saya hubungi dan dia meminjamkan pinjaman sebesar Rp350.000.000 dalam waktu kurang dari 24 jam dengan suku bunga 2% dan mengubah hidup seluruh keluarga saya.

Saya menerima pinjaman saya di rekening bank saya setelah Ibu. Edith Donard mentransfer pinjaman saya, ketika saya memeriksa saldo rekening bank saya dan menemukan bahwa jumlah yang saya terapkan telah dikreditkan ke rekening bank saya.

Jadi untuk pekerjaan bagus Ibu. Edith telah melakukannya dalam hidupku dan keluargaku, aku memutuskan untuk menceritakan dan membagikan kesaksianku tentang Ibu. Edith, jadi orang-orang dari negara saya dan kota saya bisa mendapatkan pinjaman dengan mudah tanpa stres. Jadi, jika Anda membutuhkan pinjaman, mohon hubungi Ibu. Edith melalui email: (edithdonald05@gmail.com)

Anda juga bisa menghubungi saya di email saya: (anitageorge658@gmail.com). Sekarang, saya adalah pemilik bangga seorang wanita bisnis yang baik dan besar di kotaku, semoga Tuhan Yang Maha Kuasa terus memberkati Ibu. Edith untuk pekerjaan baik dalam hidupku dan keluargaku.
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