5 Good Reasons to Accept Virtual Card Payments

Mar 4, 2023

Businesses are more likely to experience fraud on their account when their physical credit card is used in many places. It can also be an administrative nuisance to have to redistribute physical card information to recurring merchants and vendors following fraudulent activity on the business account.

Accepting more virtual card payments will give your business more flexibility in managing payment terms and help build trust between you and your customers.

Here’s what you need to know:

A virtual card number is a unique number that’s generated in a digital format and associated with your business account. Businesses can use virtual card numbers to pay for purchases when a physical card doesn’t need to be presented (e.g., online or even over the phone), just as they would input a normal physical card number. Virtual card numbers may also go by the terms “ghost cards,” “burner cards” or sometimes “masked cards.” Many virtual cards are designed to be used by a single vendor or supplier and would be declined if used elsewhere. Post-purchase, the transaction will usually appear on the account statement just like a purchase with a physical card.

Here are the Top 5 reasons why you should accept virtual card payments:


  1. Reduce costs – You can reduce your costs with virtual card payments as there are no additional costs involved unlike with physical cards.
  2. Increase sales – Accepting multiple payment options can help increase sales as it enables more customers to make purchases from you without having to go through a long process of bank transfers or checks.
  3. Improve cash flow – By offering multiple payment options such as virtual cards, you can improve cash flow and increase profitability of your business.
  4. Improve customer experience – Customers are more likely to enjoy their shopping experience when they can use their preferred payment method. This can help in increasing repeat purchases and referrals from existing customers.
  5. Reduce fraud risk – Accepting credit cards, debit cards, prepaid cards and other methods of payment helps reduce the risk of fraud as these transactions are processed by third party companies instead of directly by your business.

Accepting more virtual card payments will give your business more flexibility in managing payment terms and the unbeatable security helps build trust between you and your customers. Find out how eTreem can help you take the next step towards better payments today!

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