You can use a virtual card number, and if you don’t want to continue the service, simply turn it off. Let’s say your employee wants to try out a new service that offers a free trial. That’s because each card number can be tied to a specific merchant or can offer a customized credit limit. While many small businesses are familiar with employee cards, virtual card numbers provide even greater control over spending.

They allow you to create multiple credit card numbers that can be used by employees for specific purchases, or to pay for online subscriptions for SaaS products, for example. How To Use Virtual Credit Cards In Your Small BusinessĪ small business is an ideal place for virtual credit cards. Ultimately, the main benefit is that you can make purchases without revealing your actual credit card number, and you can often set up greater controls for these numbers. Typically it will have a a unique expiration date and CVV code, and you may be able to limit its use to one merchant or set a specific spending limit. Instead it is generated online (through an app or website) so it can be used mainly for online or phone purchases. What Is A Virtual Credit Card?Ī virtual credit card is a single-use credit card number that looks and works like a regular credit card number, but it won’t ever appear on a physical card.

In all of these examples, virtual credit card numbers may be a helpful tool that allow your small business to save valuable time while still empowering your employees with the ability to make essential purchases. If you have had an employee go rogue and make unauthorized purchases on a business credit card, you may want to limit the number of employee cards you issue. If you’ve ever had to update your credit card number with a long list of merchants because the number was lost or stolen, or exposed in a data breach, you may wish there was an easier way to keep your account information safe. If you’re used to sharing your business credit card number with employees and deal with the hassle of tracking down receipts, you may wonder if there’s a better solution.

Working temporary debit card numbers