Virtual cards function similarly to physical credit cards but are designed exclusively for online and over-the-phone transactions. They provide a secure way to manage business expenses without the need for a tangible card.
Key Features of Virtual Cards
Unique Card Details: Each virtual card is assigned a unique card number, expiry date, and CVC, ensuring that each transaction is secure.
Digital Access: Virtual cards are stored digitally within your Intergiro app and Customer Portal, making them accessible anytime, and anywhere you have internet access.
Differences Between Virtual and Physical Cards
Usage Locations:
Virtual Cards: Primarily used for online purchases and phone transactions. They offer a secure way to pay without exposing your actual bank details.
Physical Cards: Can be used both online and in-person at retail locations. They are physical cards that you can carry in your wallet.
Benefits of Using Virtual Cards
Enhanced Security: Virtual cards can be quickly frozen or deleted via the Intergiro app, reducing the risk of fraud. Each card can also be set with specific spending limits and restrictions.
Convenience: Instant issuance means virtual cards can be created and ready for use immediately after approval, unlike physical cards, which require printing and mailing.
Cost-Effective: Since there is no physical production, virtual cards are a cost-effective solution for managing company expenses.
How to Use Virtual Cards
Setup: Log into your Intergiro account, navigate to the card management tab, and create a new virtual card.
Online Payments: Use the card details provided to make secure online purchases or pay for services over the phone.
Virtual cards are a versatile tool in the digital age, offering businesses a secure, immediate, and cost-effective solution for managing online transactions. They complement physical cards by providing an additional layer of security and convenience for online expenditures.