What is the difference between a virtual and physical card?
Virtual and physical prepaid cards are very similar, however there are a couple of key differences to be aware of. is that there is no plastic or PIN with a virtual card. This means virtual prepaid cards can only be used for 'card-not-present' transactions, i.e. online or over the phone, and not for transactions in physical locations.
|Virtual Card||Physical Card|
|Instructions to claim sent via email to the cardholder||Receives physical card in the most, usually directly the end recipient|
|Card details (long card number, expiry and CVV) accessed from within online account||Card details accessed from the physical card|
|Cards can only be used online or over the phone||Cards can ne used instore, online or over the phone|
|There is no PIN||There is PIN accessed from your online account|