Advantage and disadvantage of Virtual Credit Cards

There are several advantages and disadvantages of virtual credit card. these have been discussed in detail in the below article.

Introduction to virtual credit card

         A virtual credit card is a credit card that every-time when one wants to make an online purchase on enters the actual credit card information and a new number is generated to facilitate the online purchase. This virtual credit card number generated will be temporary and expires immediately the online purchase is successful.

Advantages of virtual credit card

1. One of the advantages of the virtual credit card is that the number generated is only valid for the one time online purchase and transaction. Once the online transaction and purchase are successful the it expires.

2. Another advantage of virtual credit card is that one can set a limit for the particular online purchase and transaction they want to make. This advantage of the virtual credit card ensures that the merchant does not charge more for the online purchase and transaction. Therefore virtual credit cards help the one take control of their finances by ensuring that they stay within their financial budget.

3. Virtual credit card has another advantage in that they are widely recognized and can be used by anyone online to make any online transactions and online purchases. Most merchants accept the virtual credit card giving the online shopper freedom. Therefore virtual credit card allows for online purchase from all over the world.

4. Data safety and security is another advantage of virtual credit card in that the actual account number of the credit card is not visible to the merchant or on the online payment system. Therefore this information cannot be used by fraudster to make any other fraudulent online purchases and transactions. This makes online transactions and online purchases using the virtual credit card safe and a great advantage.

Another advantage of the virtual credit card is that it gives the online purchaser freedom as they are not worries that their actual credit card information would be used fraudulently.

5. Another advantage of using virtual credit card is that there is flexibility in the use of this virtual credit card as it can only be used when there is a need to make online purchases. Since the number generated for the virtual credit card is temporary then the online purchaser uses it only when they are ready to make any online purchases.

Disadvantages of virtual credit card

1. One of the disadvantages of the virtual credit card is that the transfer of funds from the online purchasers account to the merchant account takes time and at times the goods are delivered before the actual payment to the merchant is made.

2. Another disadvantage of the virtual credit card is that even though the virtual credit card is widely accepted, some merchants are still skeptical and have not fully accepted the virtual credit card.

What is a Virtual Credit Card ?

    Over the years this has been hampered by hackers who have used the system to fraud the online purchasers using the information they have obtained from the credit cards hence the introduction of the virtual credit card. A virtual credit card is a card which is a replica of the actual credit card and which a user can generate it online. This virtual credit card generated will only be used to make online purchase and not any other purchases. Like any other credit card the person must apply for this virtual credit card. All credit and lending elements will be taken into consideration by the company offering the virtual credit card.

The main characteristics of the virtual credit card which 

differentiate it from the physical credit card are as follows:

1. Virtual credit cards are only used for online purchases; one cannot make any other purchases using this card.
2. Virtual credit card may be a temporary card which can only be used to make this online purchase once and will not be used again as it will have expired once the transaction is successful.
3. Every-time one wants to make online purchases, then they have to enter the actual credit card information and a new number is generated for the virtual credit card which can then be used.
4. The virtual credit card does not reveal the actual account number and the account details of the actual credit card. These details are only visible to the account holder and the actual credit card provider.
5. The virtual credit card number which is generated and which can be seen is temporary and also useless and cannot be used to access the actual credit card account.
6. The virtual credit card since it generates a temporary number for a particular online purchase therefore there is no information and details of the actual credit card account. This ensures that the actual credit card is not used for fraud.

 Conclusion on virtual credit card

            Since the world has become a global village, the introduction of the virtual credit card has brought a great revolution to online purchases. Curbing of fraud which had really been on the increase has also been enhanced by ensuring good data security systems while also giving the freedom to purchase online. Virtual credit card has revolutionised the concept of cards and their usage in this age.

List of Vietnam banking Swift Code

Bank of East Asia:

1. Bank name: The EAB - DongABank

Swift code: EACBVNVX

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Joint Stock Commercial Bank for Foreign Trade of Vietnam:

2. Bank name: Vietcombank

Swift code: BFTVVNVX

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Joint Stock Commercial Bank for Asia:

3. Bank name: ACB - Asia Commercial Bank

Swift code: ASCBVNVX

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Export Import Bank of Vietnam:

4. Bank name: Eximbank

Swift code: EBVIVNVX

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Bank of Agriculture and Rural Development:

5. Bank name: Agribank

Swift code: VBAAVNVX

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Saigon Thuong Tin Commercial Bank:

6. Bank name: Sacombank

Swift code: SGTTVNVX

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Vietnam Bank for Industry and Trade

7. Bank name: VietinBank

Swift code: ICBVVNVX

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10 common mistakes to avoid violation of Google Adsense

There are alot of mistakes causes your Google Adsense's account has banned, follow these 10 common mistakes:

1. Never click your own banner for any reason

This is the main cause Adsense account banned. So do not ever click on your own ads. Google will remember all the times of login information from the IP number, browser, operating system ... to determine who can login to your account click on the banner or not. You should not think about the use of automated programs to click on their banner, they remember that Google is smart enough to know this!

2. Never changed the Adsense codes

Stay in your Adsense account, Google allows you to change colors, borders, font color, style, size banner.  You are only allowed to change it in your account, any impact to the code of the Google ads are violating rules. Therefore you should not change it but the same as at first.

3. Do not put more than 3 banner ads, banner and a link or two of the Google search box on your website.

Actually, if you put 10 banner ads on your site, then from the 4th onwards banner will not appear again.

4. Do not use a double ads program like Google.

Google does not allow us to put the same code on their website that "competition" in which they compete.Opponents here I would say is an advertising program based on other content such as Yahoo Publisher Network. However, you can use a PHP code to alternate the two types of banner displays, as long as it does not appear together on a web page.

5. Do not tell anyone sensitive information such as CTR, CPM.

This is a Google's rules can be considered to prevent rushing to create the same page. For example, someone on the iPod website, have a high CTR or CPM is also high ... everyone moved to the "job" then woe to the Ipod. Therefore you should not tell anyone how information, especially on the forum post or publish on your website. However, you are entitled to "small talk" to people about the total amount you earn in a month.

6.  If you intend to name the banner, you are only allowed to have two choices are "Sponsored Links" and "Advertisements".

Any word on what the other two words are considered to be violating regulations. I also met many people who are labeled "Hot Links", "other articles" on their banner. You do not do it if you do not want your account closed.

7. Do not set the default link is opened in another window.

If you think you want the Google link is opened in another window is a good idea. However, Google and they do not think they like their link to the right opens the page.

8. Do not create multiple accounts for different sites

A Google Adsense account you can use for many different pages. So you do not need to create multiple accounts for multiple sites, because if they know you'll be closing your account. So no need to use much when they let you use one account for multiple sites.

9. Only Google's banner on the page content

Advertisers only pay for their banner placed on pages with content. So if you put the banner at the top thanks, ... sort of a redirect pages with no content. This also violates the rules of Google.

10. Avoid using keywords on a page

You should write an article with content, and the few that there are a few keywords that you want Google to place under its banner. But do not do a page outside the content does not have that keyword, such as breaking the law and if found your account may be closed.    

How to verify your paypal account without a credit card. In 7 easy steps.

Here is a brief guide for fellow webmasters and webmistress(?) from India.

This guide shows you a easy way to verify your paypal account without a credit card.

You can use this method to verify personal, premier or business accounts.

The primary requirements are:

1. A HDFC savings / current account with Net Banking facility

2. An active Debit/ATM card

3. A minimum balance of Rs. 200 in the account

Step 1

a. Open your browser and visit http://www.hdfcbank.com. Unless the present layout changes by the time, I am done writing this, you should see a screen like the one showed below

b. Select the highlighted option "Netsafe/Verified by Visa/MasterCard SecureCode"

c. Click on the "Login" button

Step 2

a. You will be presented with a screen which looks like the one shown below.

b. You will see a login box. Your Netbanking customer id, account number and password will not work here. So if you are not registered, click on the "REGISTER" button above the form.

Step 3

a. You will be taken to a page that looks like the picture shown below.

b. Needless to say, click on the "I accept" button to progress.

Step 4

a. Now you should see a form asking you for your debit card number and expiration date. Fill the form up, and click submit.

b. Now it will ask you for your debit card pin, enter the pin number and click submit.

c. Your login is ready.

Step 5

a. You will have to come back to the screen shown in step 2. And login using the credentials you provided in the previous step.

b. After you are logged in you should see a screen like the one displayed below

c. You should see your present account balance in the blue colored card. 

d. Now click inside the TextBox named "Limit" and enter a value. For our purpose Rs. 150 is enough ($2 minimum). The limit, means the value of the credit card you are going to generate.

e. Click on the button marked as "Go", now you should see some fancy graphics and a virtual one time use credit card number will be generated for you.

Note down the

1. Card number

2. The expiry date (mm/yy)

3. The CVV2 code

Paypal Step

1. open your paypal account.

2. Go to the verification screen and enter the credit card number you have generated along with the expiry date and CVV2 code.

3. Paypal should now ask you for the 4 DIGIT verification code.

Step 6

1. Go to the screen mentioned in step 5.

2. Click on the "All Accounts / Services" link.

3. You will be taken to a screen that resembles the one shown below.

4. Click on the "TXN DETAILS" link. The one I have highlighted with a blue border.

Step 7

1. You will come to a screen, like the one shown below

2. You should see two charges from PAYPAL.

3. One of the charges will look like the one I have highlighted in yellow.

4. Look for a PAYPAL charge that has 4 digits and looks like "xxxx-PAYPAL--*EXPUSE", where "xxxx" is the 4 digit verification code.

5. Note down the verification code.

6. Go back to paypal verfication screen and enter the 4 DIGITS and you are verfied.

Notes:

1. The account holder name and last name you provided to Paypal must match the one that is on your bank account.

2. The card is one time use only and has a 24 hour validity period. 

3. Any card generated but not used, will have its fund returned back to your account in 72 hrs.

4. If you used partial amount of a card value, the balance amount will be returned back to your account after a period of 30 days.

5. You can generate upto 10 virtual credit cards a day.

6. You can use cards generated to buy stuffs on the internet.

7. This is equivalent to a credit card except it uses your bank balance.

8. Cards generated using this method will not work with moneybooker verification.

9. Cards generated using this methods WORKS with GoDaddy, Snapnames, Namejet and other major online retailers.

DISCLAIMER : I have used this method to verify my accounts and I personally know at least 3 more people who has used HDFC cards without any problems or risk

to their accounts.