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 |