Virtual Credit Card – The safest way of Online Shopping

Here is a Reader’s Query for Online safety of Credit Card -

“hi asav,this is ******* (Reader’s Name) ,i have some doubts,last day while browsing accidentally i saw one Stock related site,i surprised to see that type of Site ,site name is anyoption.com,it deals with almost all  world markets........in this they asked Debit card/Credit card details...is giving details will remain with them or it leads to any scam.......can we believe such type of sites or Trading.............................”

I am receiving these types of queries very often. e-Commerce is growing day by day and Online shopping is going through the roof. And so the Online Scams. Online scams has rise several folds after 2003 in India.

Well, in my opinion, The Solution of your query is - “Virtual Credit Card.”

Virtual Credit Card is a service that is now provided by many banks & financial institutions. They will provide you a Virtual Credit Card Number, Expiry Date & CVV2 Number for a single use only each time. So each time, once you finish your online shopping it will be inactivated forever and the next time, you will have to generate the new one.

This is probably the Best solution to protect your real Credit Card details. Here I am giving you some useful resources. Hope these will helpful to you.

Useful Resources for Virtual Credit Card -

01) Netsafe: HDFC Bank’s Virtual Credit Card – If you are an existing HDFC Bank or Credit Card holder than this is the Best solution. Simply make as many Virtual Cards as you wan to make. I personally use this to shop online on Amazon.com & e-Bay.com. However, there are many other services.

02) Digital Inspiration: ICICI Bank has launched Virtual Credit Card for Online Transactions

03) Pay Pal – Virtual Credit Card FAQs – The another best way is Paypal. Read the FAQs by PayPal for Virtual Credit Card & you will understand what is it and how it works?

04) Digital Inspiration: Virtual Debit Cards in India for shopping safely on the Internet