Jignasa Patel asked:




Are you scared of online shopping? Are you not comfortable giving your credit card or debit card details online while doing online transaction? If yes then you have much more secure way of doing online transaction using virtual credit card.

Benefits:

The virtual credit card will be generated from your existing debit or credit card on bank website.It will have same 16 digits no and expiry date with 3 digit code which you need to do transaction online. These details can be used on any merchant website who accepts VISA or MASTER CARD. It is called prepaid credit card by some bank.

Make transaction secure:

You can set credit limit for this while generating on bank website.This will expire within 2 to 3 days from the date of creation. This can be used only once during its life so nobody can misuse for card details. So,you will be free from any tension of misusing your details.

Let us take an example:

if you are holding any bank VISA credit/debit cards then you can apply for prepaid card with limit of $100 on bank website.You will get your prepaid card details immediately. You can use this details online for shopping on merchant site.If you use only $70 then remaining will not be added as billed amount in your statement.

When we should avoid:

If you have to show this plastic card as proof to collect any items you purchase online then you better avoid prepaid card if you do not have physical card of this card. When you are purchasing airline or movie tickets then you should not use it.

Easy to Handle it:

Most of the banks offer this service free of cost too.but, it varies bank to bank too.Even if you do not use it within mentioned time then it will be automatically cancelled too. You can create new one using your existing debit account too.

So, You can make your online transaction secure using virtual or prepaid card too.

Joanne

hi asked:


When we type in our credit card numbers to buy something from an online shop, can the online shop staff see our credit card numbers and 3 digit code and use it again and again to take our money? Also, I just bought something from an online shop, and somehow the shipping fees were not deducted and now they ask me to FAX or CALL in with my credit card number. Isn’t that unsafe? What can I do?

MIGUEL