What is a Virtual Card?

A virtual card has all the same information that is printed on a traditional plastic card, but is provided virtually and is not printed on a plastic card. This is all the information you need to make a purchase online, including the 16-digit number (Primary Account Number or PAN for my fellow nerds out there), the expiration date, and the 3-digit CVV (or Card Verification Value) code.

Here is an example:

Virtual cards are perfect for businesses when combined with KleerCard's automated accounting system to drastically reduce or even totally eliminate expense reports. Many of our customers set up a separate virtual card for each of their online monthly expenses like Zoom, Quickbooks, LinkedIn Premium, or Gmail.

Are there drawbacks to virtual cards?

The only real downside to virtual cards is that they are limited to online spend or for use in a mobile wallet like Apple Pay or Google Pay. If you need to purchase items in person like meals, equipment at the hardware store, or gas at the pump, many customers prefer to use KleerCard's physical cards.  In fact, most customers use a combination of physical and virtual cards to transform their spend, boost business credit, and save hundreds of hours of paperwork.

To get started using virtual cards for your business, go to https://www.getkleercard.com/signup.