How does a Visa virtual card work?
Use case examples
Who can use a virtual card?
An entrepreneur looking to safely make one-time or recurring purchases without worrying about fraud.
A business wanting a simple way to provide a card to employees or contractors while still maintaining control.
A corporation seeking a more efficient payment and reconciliation process, as well as better cash flow management when paying suppliers.
Benefits of virtual cards
Virtual cards reduce the potential for loss, theft, or compromised data; and also make compliance and auditing simpler.
Virtual cards improve organizational efficiency by making payments digitally with new or existing vendors.
Each virtual card can be setup with a unique accounting code making it easier to understand where dollars are being spent during month-end reconciliation.
The parameters you set for each virtual card account — date, dollar amount, and merchant name — are controlled by designated program managers.
Purchase data is passed through to your company’s back-end systems for insights and decision making.
The status of a virtual card transaction, whether it’s been received, processed, or approved, is just a click away.
How are virtual cards used?
Employee requests card which is routed to program manager for approval.
Make decisions and manage virtual accounts
Program manager makes decisions, controls, and manages virtual accounts.
Mobile and desktop
Available on-the-go or at the office for easy access wherever needed.
View, manage, and categorize virtual and physical card purchases via one site.
Visa Spend Clarity
Monitor spending and streamline reporting.
Visa Payables Automation
Pay suppliers quickly, securely, and with specific controls.