More companies are offering virtual debit cards. Though MasterCard debit card seems to be the largest stakeholder in this new development in the prepaid debit cards service (with the Obopay and PayPal virtual debit cards), Visa debit card has also entered the market with the launch of products such as ePassporte’s Visa virtual debit card.

Virtual Prepaid Debit Cards

Sometimes mistakenly called virtual credit cards, the prepaid debit cards are considered virtual because there is no paper or plastic generated. As a new development in electronic transactions, it is difficult to provide an explanation of the virtual debit card without looking at the features provided by specific virtual debit card providers.

How the Virtual Debit Card Works

There are no physical cards and no point-of-sale purchases that require debit card swipes. They are sometime referred to as anonymous debit card transactions. PayPal offers the virtual debit card as a plug-in for Firefox and Internet Explorer browsers that process transactions through the MasterCard service. The Obopay virtual debit card also can be used in online stores or by phone, but tends to have more associated fees.

• Card Debit Prepaid Virtual Visa

  Prepaid Debit Cards provides reviews of Visa and MasterCard pre paid debit card offers. Compare and apply for prepaid cards and debit cards.

• Debit Credit Card Canada

  Low cost debit and credit card processing services. Click here or call 800 262 3033 for more info on acquiring merchant account services in Canada.

• What Is A Debit In Accounting

• Debit Card Rewards

• Free Mobile Phones On Contract Without Debit Cards

  You may be wondering if you can get a contract phone without a debit card? – We are here to help you answer this question. If you are applying for a mobile contract ...