Hey Buddy,
Do you want to know what is virtual debit card? Let me assist you with this.
A virtual debit card is an electronic version of a physical debit card designed specifically for online purchases. It is most similar to a standard debit card in that it contains a separate card number, expiration date, and CVV that you can use to start an online transaction.
Use NoBroker to pay your utility bills with your credit card in the convenience of your home. By using your credit card to pay your rent through NoBroker, you can earn rewarding incentives and cashback.Using this card is a practical way to pay for domestic purchases online without giving the merchant access to your main account details. Until the bank delivers your physical debit card to your house, you can normally use a virtual debit card as a temporary substitute.
I hope this clarifies your query on ”what is the meaning of virtual debit card?”
Benefits:- Activation of Cards
After creating an account, you must either go to the bank branch in person to get your debit card or wait for the bank to have it delivered by courier to your home. As a result, you waste time that could have been spent taking use of the card's perks. However, as soon as you finish the OTP-based e-KYC authentication process, the Virtual Debit Card is immediately enabled in the mobile banking application.
- Security
The lack of a physical debit card prevents the possibility of the card being used fraudulently in the event of theft or loss. Banks provide you the opportunity to block your Virtual Debit Card immediately from the mobile application if you believe it is being used fraudulently. The Virtual Debit Card can be turned off to stop possibly fraudulent actions.
- E-commerce Advantages
A virtual debit card offers many advantages including reward points and rewards for online shopping, bill payments, and other similar online transactions, just like your regular physical debit card does. The Virtual Debit Card can also be used to make purchases on payment systems supported by the government.
After understanding what is meant by virtual debit card, and its benefit, I would like to share the process by which one can obtain a virtual debit card.
I need a virtual debit card; how can I get one?A physical debit card that only exists on your smartphone is referred to as a virtual debit card. When you open a bank account online, your bank will generate a virtual debit card for your mobile banking app. Register for internet banking services before using the Virtual Debit Card to make purchases on e-commerce websites.
I would like to conclude here about what is virtual debit card. I hope this helps:)
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How to use virtual debit card? How to Withdraw Money From Credit Card Online? How to pay credit card bill through debit card?Your Feedback Matters! How was this Answer?
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What is Virtual Debit Card?
Dhruv
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2022-09-21T18:00:12+00:00 2022-09-21T18:00:14+00:00Comment
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