Disposable Credit Cards
Dec 27th 2006Nik AgarwalBusiness/Finance
Being a victim of fraudulent credit card activity, I am finally glad that some company out there has finally released disposable credit card numbers for consumers to use during their online purchase expeditions. PayPal is finally testing out their new system that allows users to generate virtual debit card numbers. What exactly does that mean?
You can use PayPal Virtual Debit Card when making online purchases anywhere MasterCard is accepted. PayPal Virtual Debit Card generates a virtual card number each time you make a transaction online so you don’t have to use your personal debit or credit card number.
Some of you might be wondering what the benefit of this is?
By generating a new virtual card number to use in place of your debit or credit card number, PayPal Virtual Debit Card helps protect your financial information every time you shop. It also saves you time by automatically filling in shipping in billing forms at checkout, protects you from fake eBay and PayPal websites, and offers zero liability on unauthorized purchases made from your account.
Now I can protect my personal credit/debit card numbers and even if someone stole my virtual credit/debit card number, I’m still in the clear because I won’t lose too much money, if any at all. Hopefully Google Checkout will also introduce a similar service.
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