Virtual Card
What is a Virtual Card in Business Travel?
A Virtual Card is a digital payment solution that replaces physical corporate credit cards for specific transactions. It generates a unique card number, expiration date, and CVV for each booking or vendor, reducing fraud and misuse. Companies use Virtual Cards to control spending, set transaction limits, automate reconciliation, and simplify vendor payments. In corporate travel, they are commonly used for flights, hotels, and car rentals, providing secure, traceable, and policy-compliant payments. Virtual Cards also integrate seamlessly with platforms like TripGain to ensure transparency and control over business travel expenses.
Examples Of Virtual Card Usage In Travel
1.
Hotel Booking Security
A Travel Manager Generates A Unique Virtual Card For An Employee’S Hotel Stay, Ensuring Payment Control And Fraud Protection.
2.
Airline Ticket Payments
A Company Issues Virtual Cards For Flight Bookings, Eliminating Unauthorized Charges And Improving Tracking.
3.
Vendor & Subscription Control
Finance Teams Assign Virtual Cards For Recurring Vendor Payments, Making Expense Tracking And Reconciliation Seamless.
Frequently Asked Questions About Virtual Card
1.
How do Virtual Cards differ from corporate credit cards?
Unlike reusable physical corporate cards, Virtual Cards are temporary, generated for specific transactions or vendors, offering higher security and control.
2.
Can Virtual Cards be used for all business expenses?
They work best for online payments such as travel bookings, subscriptions, and vendor transactions, but may not be accepted for in-person purchases.
3.
How does TripGain support Virtual Cards?
TripGain integrates with corporate payment providers to generate Virtual Cards, enabling secure, controlled, and automated business travel payments.