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Posts
Physical vs Virtual Cards: Use Cases and Risk Profiles
Physical and virtual cards serve different purposes and carry distinct risk profiles. Physical cards are tangible, ideal for everyday purchases, in-store payments, and ATM withdrawals. They can also support contactless payments and are often preferred for long-term use. Risks include theft, loss, or unauthorized access, requiring users to have fraud monitoring and liability protections.
Virtual cards, on the other hand, exist digitally and are best suited for online spending, subscription management, vendor payments, or one-time transactions. Virtual cards reduce exposure to fraud because they don’t reveal the underlying account number, and they can have configurable spending limits, expiry dates, and usage restrictions.
Monavate provides both physical and virtual card solutions, allowing businesses to select the right tool for each use case. With Monavate, organizations can apply dynamic spend rules, real-time controls, and monitoring, reducing operational risk. This flexibility ensures that fintechs, businesses, and individuals can optimize spending, maintain security, and manage multiple card types efficiently. In effect, Monavate bridges the gap between convenience, usability, and security across all card types.