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NE SD | Some if not all credit card companies have a virtual credit card number option. Essentially they create a proxy number that is linked to your account, but they are specific to each website or company that you use them at. If the number gets stolen, it can only be used at lets say Verizon or Sling or Netflix or whatever as each will have it's own proxy number linked to your account. I'm sure they all have their different little twists, but essentially it's risk minimization.
From Capital One:
How are virtual credit card numbers different from regular credit card numbers?
You can think of virtual card numbers as stand-ins for your actual credit card number. Virtual card numbers are still linked to the same credit card account. But when you’re shopping online, you can use virtual credit card numbers instead of your physical credit card number.
That way, your actual credit card numbers are not shared with the websites you’re shopping on—adding a layer of security.
Some credit card companies give you a unique virtual card number for specific stores that can only be used at one merchant site. That’s the case with Eno, your Capital One assistant.
so if a merchant site is compromised, there’s less likelihood that your virtual card for that site can be used elsewhere. When a virtual card is an option, that extra layer of security is a major benefit of using virtual cards when shopping online.
How do virtual card numbers work?
You can use a virtual credit card number just like you use your actual credit card number—just shop online, start the checkout process and use a virtual card number to make your purchase.
How do I get a virtual card number?
A virtual card number is linked to a credit card account. And some virtual card numbers might also require a tool, such as a browser extension or app. Once you’re set up, you can typically shop online like normal.
How do I get a virtual card number from Capital One?
One way to get virtual card numbers from Capital One is from Eno. Eno allows you to shop online without giving merchants your actual card number. And everything is fully integrated with your existing Capital One credit card account.
To use virtual card numbers, first add the Eno browser extension. Eno generates virtual card numbers for you when it’s time to pay. The only thing you need to do is fill in the shipping and billing information. And Eno automatically saves virtual card numbers for each merchant so they can be used again.
Charges will show up online in your transactions and on your monthly statements, just like they usually do for purchases using your actual credit card number. And you can manage all your virtual card numbers from an online dashboard. So it’s simple to keep track of where your virtual card numbers are used and stored.
With fewer security risks, faster checkout and easier monitoring, Eno makes shopping online with virtual cards an experience you’ll love.
What are the benefits of virtual card numbers?
Simply put, virtual card numbers can make online shopping easier and more secure.
They add another layer of protection to your credit card account in case a site where your credit card number is stored is ever compromised. And they can give you extra confidence if you’re making a purchase at a website you haven’t used before. So you know if something does happen, your actual card number is protected.
And instead of reentering your actual card number each time you check out, you can use virtual card numbers to auto-fill payment information to save you time. | |
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Too high tech?
