Virtual Card

Rapid Casino Transactions with Virtual Credit Cards

A Virtual Credit Card is a mode of payment that extends a credit line, facilitating purchases that you may not be able to afford or prefer not to pay for with cash.

This online payment option functions identically to a physical credit card but is designed solely for e-commerce transactions.

Understanding Virtual Cards

Virtual cards issued by Visa and Mastercard have emerged as a popular payment option for banks across the globe. This innovative approach generates a digital version of the card for exclusive use in online transactions.

Upon completion of a transaction, the virtual card information can be erased by the user to enhance the security of online shopping and deter cloning and other fraudulent activities.

To create a virtual Visa or Mastercard, customers must first have an account with a physical credit card as the virtual version draws on the same credit limit and forwards payments to the same billing account.

Since the virtual card has a unique number different from its physical counterpart, the risk of card number leaks and associated issues is eliminated. A virtual card can be used in lieu of a physical credit card for secure online purchases (including deposits at online casinos such as Vavada and 1xSlots).

Key Characteristics of Virtual Cards

The virtual card offers a range of distinct features, including:

Acts as an extension of a physical card and draws on the same credit limit.
Boasts unique identification numbers and security codes for added security.
Exclusively designed for online transactions, eliminating the need for the cardholder to be present physically and enhancing security and convenience.

Varieties of Virtual Cards

Virtual cards issued by Visa and Mastercard come in two types: disposable and reloadable. These cards are commonly used for depositing funds and withdrawing winnings on gaming platforms.

It is important to note that disposable and reloadable virtual cards are not accepted in physical stores nor can they be used for contactless payments.

Unique Traits of Different Virtual Card Types

There are two distinct types of virtual cards, each with its own set of features:

Disposable Virtual Card: Ideal for one-time purchases such as online shopping, telephone transactions or casino deposits to receive registration bonuses or free spins.

The advantages of this type of card include:

Enhanced security.
Non-disclosure of physical card details on the internet.
Automatic deactivation of card number after use.
Valid for a one-time online purchase.

Reloadable Virtual Card: Suited for recurring purchases, such as subscriptions (e.g. streaming, gym), shipping and transportation services, and digital wallet services.

This type of card has several advantages, such as:

Convenience.
The ability to view, block or delete the card directly in the application.
Valid for multiple in-app and website transactions.

Steps to Create a Virtual Visa or Mastercard

As e-commerce sites improve their user safety, shoppers still fear revealing their credit card details while making purchases online. One way to prevent potential fraud is to create a virtual credit card that keeps your real card details private and allows you to set usage limits. As gamblers can generate a virtual card for each online casino payment, it is essential to know how to create one.

Here are the steps to follow:

Log in to your banking app.
From the “Services” menu, choose the “Virtual Card” option.
Select the type of virtual card you want to create, either temporary or recurring.
Choose the physical card you want to link to the virtual card, and enter your credit card password.
Your virtual card is now created, and to use it, copy the provided information.

Virtual Cards: A Convenient Payment Method for Online Casino Players

Online casino players need to have practical and efficient payment methods for depositing and withdrawing funds. They should also understand the details behind online casino payment methods, including their advantages, disadvantages, and conditions, and learn how to manage their money effectively. These factors are crucial for both experienced and amateur players.

One such payment method is the Virtual Credit Card from Visa or Mastercard. This is a temporary card that players can create online for secure national and international transactions. The virtual card has a very short expiration date, typically 48 hours, but players have the option to specify how many times they will use it. Like a physical credit card, a virtual credit card has a unique number, but it is exclusively used for online payments on a web-based gambling site.

Advantages of using virtual Visa and Mastercard cards on gaming platforms

Accessibility: Virtual cards are readily available in the “My Credit Cards” section of the banking app, and require no activation or password to use.
Security: The security code on virtual cards changes frequently, making it harder for fraudsters to compromise card data.
Convenience: Virtual cards can be used for online payments before the physical card arrives, as they are available within two days of ordering.
Reliability: In case of loss or theft of the physical card, the virtual card remains functional.
Versatility: Any physical credit card can be used as a source for creating a virtual card.
Cost-effectiveness: There are no fees or annual charges associated with virtual cards.
Reward programs: Virtual credit cards also accumulate rewards points in brand programs.