What are virtual cards and how to use them?
These are unique, budget specific cards that provide extra security for all online transactions. Create a virtual card for each online vendor (AWS, Google, LinkedIn, etc.)
As card numbers are unique, If fraudulent activity occurs for one card, it will be isolated to that card. So you don't need to go through every single online vendor and change your card number.
The best part is you can create as many virtual cards as you need.
- Burner Card - These are tied to the available funds in a budget and expire in 7 days unless you specify a closing date. They are often used as a one-time payment card.
- Recurring/Subscription Card - These cards reset on the 1st of every month with the amount that is set as a limit when created. They are mainly used for the payment of fixed monthly charges of any service/software like - Hubspot, Mandrill, AWS, etc.
Creating a virtual card
Go to the ["Virtual Cards"] tab on the Dashboard and click on the add icon as shown:
Once you fill out all of the fields, click on ["Create virtual card"] button and it's done!