Can you imagine paying for groceries or other purchases without cash? This is now possible thanks to virtual credit cards. Instead of using actual plastic or traditional credit card payments , these are offered by many companies in the form of debit, prepaid, e-check, or even gift card solutions. These are useful alternatives to cash because they eliminate the hassle of carrying around large amounts of money, plus they provide better security. Also, they allow customers to pay for goods via their accounts whenever they want. In this article, we'll discuss six reasons why businesses should consider offering their customers an online virtual credit card payment solution . Virtual credit cards are simply a way for companies to accept digital payments from customers who don't have access to bank accounts. As a result, they offer several benefits over regular credit cards. First, they take away the risk of fraud or counterfeit credit cards that are so common when dealing with reg
An online payment processing service is an electronic payment system that allows customers to pay their bills electronically without having to enter payment information into their own computers or to send paper checks to merchants. For example, a customer might use his credit card to pay his bill and be able to view the transaction on-screen in real time. Other common types of online payments include e-checks, electronic bank transfers (EBTs), direct banking transfers, preplanned periodic payments using autopay, and point-of sale (POS) systems . A merchant typically enters this financial data when setting up an account with the services provider, but it can also be entered later on by entering new transactions. Some providers offer third party software applications for mobile devices so that customers can access their accounts anywhere at any time. There are many advantages to using this type of service including saving money since there’s no longer need for paper check printing and