Virtual card payments are payments made with a virtual credit card. This is essentially a card-less credit card payment designed to be a more secure alternative to regular credit cards, ACH, and e-check payments. Instead of using a physical credit card to make payments, a 16-digit virtual code is generated which can then be used to settle payment for a specific transaction.

Any vendor that takes credit card payments can process virtual card payments. The only difference between this type of payment and traditional credit cards is that the vendor does not see the physical numbers on the credit card. Virtual card payments offer unique benefits both to the merchant and customer paying for a good or service. In this article, we explain some of the benefits of virtual card payment for both parties involved in a transaction and why VCC is gradually becoming a beloved method of payment for buyers.

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