A virtual debit card is a type of card that allows you to spend money online without having to provide your actual credit or debit card information. This can be a great way to help protect yourself from fraud and identity theft. Virtual debit cards can also help you manage your business finances by allowing you to set spending limits and track your spending.
No physical card to carry around
As an employee, it can be frustrating to have to keep track of a physical card and also it can be an inconvenient when the same card is used for more than one employee.
Because of these reasons, many businesses now use a virtual card solution powered by blockchain technology. This allows companies to issue cards that are real, digital, and easier to use than ever before.
More secure than a physical card
A digital card is more secure than a physical card because it cannot be lost or stolen. We all know the feeling of losing a credit or debit card. It's a total pain to have to cancel the card and order a new one. With a digital card, if you lose your phone or it is stolen, you can simply deactivate the card within your app. No need for a replacement!
Can have spending limits set
In today's business world, it's more important than ever to keep a close eye on your expenses. One way to do this is by setting spending limits for your employees. This can help prevent overspending and help you keep your budget under control. By setting spending limits, you can also help your employees stay within their budget and avoid financial problems.
Can be easily cancelled if lost or stolen
Virtual Credit cards can be easily cancelled if lost or stolen which makes them much safer to use than cash. When you cancel your card, the issuer will stop all activity on the card and will issue you a new one. This process is usually very quick and easy, especially if you have your card number and contact information handy.
Searchable history
Every card has a history of transactions that can be searched online. This can be useful if you are concerned about where your card is going and what your employees are buying.
Can be assigned to multiple users
Designing a digital card to be used by multiple people is a fairly simple process. You can even use an app to quickly design and print out dozens of cards at once. Then, you can cut them into individual cards or keep them in a virtual pile.
To sum up
Hopping is convenient and efficient, and can be done from the comfort of your own home. You can find just about anything you need online, from clothes to groceries to electronics. Plus, you can often find better deals online than you can in stores. Online shopping is here to stay, and it’s only getting easier and more popular.
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