Posted on 10th Sep 2015 @ 12:57 PM
Since time immoral, man has invented many useful methods to carry out business and trade. Credit cards are not an exception to this. The credit of its invention goes to American Airlines and the Air Transport Association. These two business entities invented it in the mid 1940's in order to promote air travel. Discerning the many benefits of it, many financial service providers and reputable banks started offering this service. The present information technology age has further revolutionized the method of financial transactions with the introduction of cheap virtual credit card.
Whether it is an online fund transfer, ticket booking or shopping, credit card is the best. There is not better alterative of it. However, according to a vast majority of traders, virtual credit card terminals are the best options for processing credit card payments. These have become highly popular in the electronic business. With the aid of virtual credit card, you can pay easily via phone, fax or e-mail. If you are a small business entity or an individual, you can buy cheap virtual credit cards. These can enable you to do business over the internet. Cheap virtual credit card service is offered by PayPal. It fully works on digital systems. As the statistics has come from different sources, there are around 81 million operational accounts spreading over 190 markets across the globe. The virtual credit card processing is very safe and secured. It includes an effective measure to combat against credit card frauds.
As cheap virtual credit cards can die down complexity and expenses, these are very good for almost all businesses, irrespective of their business sizes and nature of businesses. These are used widely in many utility companies, call centres, mail order businesses, charities, insurance companies and business process outsourcing companies. In includes an advanced bill-me-later service that allows customers to pay for their e-invoices created by their service provider for paying later via a bank account or a credit card. This method is highly useful for shopping online. Whether you buy a domain name or a product, you can pay for it later without taking any tension for it. People living in the USA can get more benefits as VCC services offer an integrated service in this country in association with both visa and master cards.
Virtual credit card uses a software-based credit card terminal that enables you to quickly capture, identify and authorize credit card transactions in real time. When you complete the process, you receive an authorization number along with server and transaction details. Transactions are settled automatically and you get a report generated within next two to three working days. The significant advantage of it allows you to authorize, process, and manage credit card transaction. You can do it easily by using any internet access device.
In a word, VCC has become a boon for both the customer and retailer. In the present day, a new authentication method is about to launch to protect identity theft. It is going to include biometric identification and verification method for a safe and secured transaction.
Click here to get your own instant virtual credit cards.