The Demo Site

For this post. I would like to explain about VCC (Virtual Credit Card).
But before I go further on VCC, I would like to summarise for Credit Card and Debit Card.
Physical Credit Card => Credit card was one of the payment method which enable you to buy goods or get service without using cash. When you use credit card, credit card issuer will pay to the dealer or merchant on behalf of you and then asked fot payment from you in monthly statement form.
When you buy a product with credit card, price of the goods shall be paid by card issuer party k ) to seller. Within that is fixed, you have to pay price of the goods with charge to bank.

Physical Debit Card => A type of card which possess same use like credit card.However debit card has restricted his amount on money base on your card account. If you having USD5000 amount in your Bank Of USA account, you can use Bank Of USA debit's card until USD5000 only. Unlike credit card application more difficult and need your financial items, debit card application more easier. You no are required to have income minimum to seek debit card. Provided that you must having savings account, or on obtain him from card issuer party.

I'm believe on your country especially the bankers have introducing the debit cards for long time ago. Or you already have it for both types!

So what is Virtual Credit Card?

VCC and credit card / real debit not much difference from the usage aspect. VCC is virtual card, not as physical card. So in term of use, the VCC only suitable for virtual use.
Please keep in mind that VCC cannot being use for booking an aircraft ticket or booking 5 stars hotels. VCC got limitation on the balance amount that can use.

VCC can be use for :-
a.) Shopping online (payment method that accepted were VISA and Mastercard, same as Credit Card)
b.) To verify Paypal accout, ebay and Google Adword. (Most of users buy virtual credit card for these purpose)
c.) To activate Google Advert account because to create account for Google Advert, Google usually required your credit card. In this case, you can use VCC as replacement.

I will explain for VCC Advantage in my next post!