Top
Importance of VCC – Virtual Credit Cards – Blog – Moonline TMC
fade
3635
single,single-post,postid-3635,single-format-standard,eltd-core-1.0,flow-ver-1.0.1,eltd-smooth-scroll,eltd-smooth-page-transitions,ajax,eltd-blog-installed,page-template-blog-standard,eltd-header-type2,eltd-sticky-header-on-scroll-up,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-slide-from-left,eltd-dark-header,wpb-js-composer js-comp-ver-4.9.2,vc_responsive

Importance of VCC – Virtual Credit Cards

Blog Image

Importance of VCC – Virtual Credit Cards

Virtual cards are becoming a standard form of payment within the travel industry! It’s a reliable and cost effective way to manage your company’s spending

 

It’s a new payment method where the corporate payment administrators can set a specific payment amount, date range and transaction for the employs. It provides the administrators more control over purchased and enhance the visibility into spending and it makes the expense reporting much easier

 

It’s a digital payment strategy where the virtual card contains the same information as the plastic card and associated with the corporate’s actual credit card it has characteristics that allow the reconciliation process to be more automated and its deployed during the reservation process and sends payment restriction and instruction for the preferred suppliers this makes sure that the company’s policy is enforced fairly throughout the company not to mention how  Its secure and private, accepted worldwide cannot be lost or stolen! As we all know not every employ that travel for work carries a corporate credit card so virtual credit card are a great and convenient to use alternative. Travelers are able to pay their expenses seamlessly while companies and travel managers can track movements, reduce fraud

 

Virtual payment solution proved to be such a hot topic this year, according to a recent BTN survey travel managers rate single use virtual cards the best solution for travel payment, Also recently Fraedom  did a joint poll with NAPCP and found out that 82% of respondent recognize virtual payment cards as an important payment vehicle for :

  • Reducing manual process
  • Reducing invoice process costs
  • Speeding up supplier payments

 

Regardless of the size , industry nearly all business can boost their profitability by sending and receiving payments on virtual basis , Plus you don’t have to completely revamp your entire business model to begin reaping these benefits , Virtual payment process can complement whatever other payment options you already have .