What is a Virtual Card?

A virtual card is a digital version of a traditional payment card, designed for online and remote transactions. Unlike physical cards, virtual cards exist only in electronic form, often generated instantly through a banking or payments platform. They carry a card number, expiry date, and security code, just like a physical card, but can be created for one-time use, limited time frames, or specific spending limits.

‍

The primary benefit of virtual cards is security. Since they aren’t physically present, they reduce the risk of theft or fraud. They’re ideal for online shopping, subscription services, or vendor payments, allowing users to control exactly how and when the funds are used. Many platforms also allow virtual cards to be tied to a specific budget, department, or project, making expense-tracking simpler.

‍

Monavate offers virtual cards as a core component of its adaptable financial solutions. These digital-first tools provide robust financial control alongside modern convenience. Businesses can utilize them to issue cards to employees, enabling real-time spending control and seamless integration with accounting and reporting systems. For individuals, Monavate's virtual cards enhance online payment security and convenience by allowing transactions without exposing their primary bank accounts.

‍