Virtual Credit Cards

As reality reveals, not every internet user has his own credit or debit card. Hence, many of them are not able to enjoy the convenience of transacting online. Another important consideration is that, many credit card users are afraid that their card information will be compromised.

With these problems, business developers were able to come up with a solution that is beneficial for everyone: a Virtual Credit Card.

What is a Virtual Credit Card (VCC)?

A VCC is a pre-loaded, in some cases re-loadable, card account that works in replacement of a debit card. It is like having a real debit card account without having the physical card. With a VCC, you can have peace of mind while shopping or transacting online. It doesn’t require you to reveal your personal information because you can use it with any name and address. Fast, convenient and secure. Plus, VCCs can be used anywhere in the world where major credit cards are accepted. There may be some country restrictions so some merchants may block the transaction because of user’s IP address but you can overcome this issue by using a socks or a proxy server.

Virtual credit cards will provide you with a peace of mind while shopping or transacting online.

Who can use a VCC?

Anyone from around the world can purchase and own a virtual credit card. It can be any person who wants to make payments and transactions online but prefers not to expose his or her own debit card information or it could simply be someone who doesn’t have a debit card at all. Usually, merchants do not require any ID when you purchase a virtual credit card. Virtual card details are provided instantly after you make a payment. Clients are responsible for any illegal use of these cards. Payments can usually be made through popular e-currency payment systems such as Liberty Reserve or Webmoney. Some merchants will accept PayPal, Moneybookers, AlertPay etc. Among regular payment options there could also be WU/MG or Bank Wire.

What information is provided after the payment?

After the payment, you will receive the following information:

1. VCC type (Visa, MasterCard)

2. VCC number

3. CVC / CVC2 number (also known as verification code)

4. An expiry date

The most popular VCC among internet users is Visa Virtual. The majority of VCCs out there are issued by Visa but you may see some MasterCard virtual cards as well. Cards are usually delivered instantly after a successful payment by Liberty Reserve or Webmoney. Payment options such as WU/MG or Bank Wire require a merchant to receive funds first before revealing virtual card details.

Where could one use a VCC?

Virtual credit cards can be used for online purchases and transactions on any online merchant, distributor, business websites, or in short, anywhere credit cards are accepted. Some are also used to verify PayPal and other similar payment accounts. Even though VCCs do not require you to reveal your true personal information, a valid address must be provided for online orders that require physical delivery.

Virtual Credit Cards

With Intuit GoPayment and the mophie marketplace complete credit card solution, you have everything you need to securely process credit card payments on your iPhone 3G and 3GS.

With Intuit GoPayment and the mophie Marketplace credit card reader, you have everything you need to securely process credit card payments on your iPhone. It’s simple to get started. Get started in as few as 15 minutes, and begin accepting all major credit cards on your iPhone so you can get paid on the spot.

Compatible with iPhone 3G/3GS models.

Process any major credit card by entering card information directly into your iPhone with the swipe of a card.

With Intuit GoPayment and the mophie Marketplace, you have everything you need to securely process credit card payments (see larger image).

GoPayment Rates and Services Monthly Service: $12.95 Swipe Rate: 1.7%1 Keyed Rate: 2.7%1 Transaction Fee: 30¢1 Set-up Fees: NONE Cancellation Fee: NONE Monthly Minimum: NONE

This Complete Credit Card Solution is perfect for small business owners who do business away from their office like plumbers, contractors, photographers and retailers who attend art festivals. Intuit already provides payment processing service to over 250,000 small businesses and processes in excess of $100B in transactions per year.

Offering an innovative, lightweight design complete with a soft-touch finish, the mophie Marketplace fits well in your hand and protects your iPhone from bumps and scratches. You can even charge and sync your iPhone with iTunes without removing the mophie marketplace case with the pass-through micro-USB port. It’s compatible with the iPhone 3G and iPhone 3GS models (iPhone not included).

The Complete Credit Card Solution

• Quick Transactions: Ability to process a credit card payment in three easy steps virtually anywhere, digital signatures, and e-mail or text message receipts makes the Complete Credit Card Solution the ultimate solution for mobile payment transactions.
• Complete Mobile Payment Solution: Quick and easy transactions on-the-go. Process any major credit card on your iPhone with the swipe of a card.
• Fully Protected: The marketplace Complete Credit Card Solution has a protective form-fitting, light-weight, low-profile design complete with a soft-touch finish.
• Works with QuickBooks: Sync your account information and payment data with Intuit QuickBooks² without removing the marketplace from your iPhone by using the included USB cable.

Getting Started Is Easy

Download the free Intuit GoPayment app and enjoy low merchant service rates with no set-up fees, no monthly minimums and no cancellation fees.

Set up your merchant account today by applying from the GoPayment app, by phone, or online at mophie.Intuit.com.

Begin accepting all major credit cards and manage you GoPayment account 24 hours a day, 365 days a year with your free Intuit Merchant Service Center.⁴

Get Paid in 3 Easy Steps with GoPayment

1. Open the GoPayment App and log in to your account
2. Swipe or manually enter credit card information
3. Enter amount to be charged, scan card and have the customer sign with their finger. It is that easy.

Digital signatures, e-mail or text message receipts, and the ability to take payment virtually anywhere (see larger image).

Safe Transactions, Easy Receipts

Be sure to let your customers know that their information is safe and secure. All transactions are immediately encrypted and no cardholder information is stored on the iPhone. You also have the option to send your customers receipts via text message or e-mail in addition to being able to track item sales and sync payment data with Intuit QuickBooks.²

What’s in the Box

mophie Marketplace, USB cable, operating instructions

Terms and Conditions

1. Rate of 1.7% charged on all Visa and MasterCard Qualified transactions electronically authorized with credit card reader. Manually keyed transactions with AVS charged 2.7% Key-Entered Rate. Business and foreign cards, or transactions not meeting the above are charged 3.7% Non-Qual Rate. Per-Authorization fees of $0.34 charged for Non-Qual transactions. Different rates for American Express, Discover, Diners Club and JCB may apply. Additional transaction fees may apply. Call (888) 556-4850 or see mophie.Intuit.com for current information.

2. Optional feature to sync date available in supported versions of QuickBooks Pro and Premier 2009 or later. Sold separately.

3. During regular business hours Monday-Friday 7 a.m. to 6 p.m. and Saturday 7 a.m. to 3 P.m. PST.

4. Subject to occasional downtime due to systems and service maintenance.