What Is a Virtual Debit Card?
A virtual debit card is like a regular debit card, but it exists only online. Here's what you need to know:
It's not physical:
You can't hold it in your hand. It exists as numbers on a screen.
How it works:
It has a card number, expiry date, and security code
You use these details to buy things online
Money comes out of your account, just like a regular debit card
Why people like it:
Safer for online shopping
You don't have to carry a physical card
Easy to create and use right away
Where to use it:
Online stores
In-app purchases
How to get one:
Many modern banks offer them
Some apps (like ChitChat) let you create one
Things to remember:
Keep the details safe
Check your balance before using it because you will be charged for any declined transactions on account of insufficient balance
Important things to remember: It's linked to your real money, so be careful. Do not enter your virtual card number anywhere online if you do not intend to be debited. Never give your card number to anyone unless you are buying something.