Top 3 benefits of virtual cards in 2023
Surely we have all seen and used the classic plastic bank cards to make a payment. For many a couple of decades ago that was the only option along with cash. However, the advance of information and communication technologies, in relation to the particular and accelerated development of the Internet, changed the way in which payments are made, especially online, for example in the popular marketplaces, by means of a virtual card.
And although banks have been gradually adopting this type of cards for their customers, the truth is that the development of virtual cards has been particularly driven by the work of Fintechs, among which neobanks stand out. Within this group is Blackcatcard, one of the neobanks that has best implemented this technology of virtual payment cards.
Nowadays it is very easy to get one of these at Blackcatcard both as an individual and corporate customer. Just open an account depending on what type of customer you are, and that’s it. For free you will have your virtual card instantly and a main plastic one, which arrives to you without shipping costs.
The first benefit of the virtual card is that it is more suitable for making payments on the website of a store or a subscription service (movies, TV, etc.). In this sense, this card is very useful for entrepreneurs who need to pay CRM subscription services or obtain funds through a virtual ATM, avoiding credit products such as overdrafts. Of course, if you are in a retail store, restaurant or type of business premises you can use your plastic Blaсkcatcard.
The second benefit, taking the example of Blackcatcard, is the possibility of issuing additional cards that can be even more beneficial, as they allow the customer’s budget to be divided into several cards. In this way, each card can be used to pay on a single website or for a specific subscription. This is a key element to increase security, as you will not have to leave your card details, with access to all your funds, on all the websites where you make payments. If you become a victim of phishing or the payment website is hacked, all your money will not be compromised.
On the other hand, in case some services, such as Google Ads or Facebook, only accept credit cards, Blackcatcard’s additional plastic cards are the perfect solution, because, without offering credit products as such, they do have the credit-card grade, so they are accepted in these situations.
Finally, the low cost of these additional cards is a remarkable benefit. At Blackcatcard each additional card has a cost of 7 Euros and a maintenance fee of only 2 Euros, no matter how many of them you have. The advantage of Blackcatcard, as of other neobanks, is that their purely online operation allows them to reduce operating costs, which means lower costs for customers, as opposed to what happens with traditional banks, where fees tend to be always higher.
In this sense, corporate clients will see great advantages, as they can better protect their capital while managing their budget in a more organized way at competitive prices, taking into account that they must constantly make payments for various services to different suppliers.
