UK virtual credit cards (VCC)

Yahoo_Mail

gt94sss2 said:

Yahoo_Mail said:

gt94sss2 said:

Not quite a virtual card as the card number remains the same but Jaja change the CVV code shown in their app for online transactions each time they show you the card details
So if you do an online transaction with these, your card details can't be reused as the CVV expected the second time will be different.

Unless the retailer doesn't use CVV verification...

The only one I know who doesn't is Amazon

There are many others (most just small, naive, fish) but ultimately it isn't a requirement, so isn't a guarantee that your card details can't be used fraudulently.

Sandtree

gt94sss2 said:

Yahoo_Mail said:

gt94sss2 said:

Not quite a virtual card as the card number remains the same but Jaja change the CVV code shown in their app for online transactions each time they show you the card details
So if you do an online transaction with these, your card details can't be reused as the CVV expected the second time will be different.

Unless the retailer doesn't use CVV verification...

The only one I know who doesn't is Amazon

As you are not allowed to store CVV as a merchant no continuous payment authorities use CVV and so whilst that would mean a data breach at Direct Line couldn't result in someone using that card to buy something at Argos that is in theory already the case but the changing CVV alone wouldnt stop DL doing an auto-renewal and taking next years payment. As already mentioned though, with the OPs suggestion the policy would still renew, payment would simply fail and you'd either have to contact to make payment or face having to declare a void insurance policy for life.

Arefer

Revolut offer disposable virtual cards, which I use when required to provide card details over the phone and risky online payments. I use the card freeze option as an additional barrier to fraud, when not using any card.

PRAISETHESUN

Not sure about true VCCs but I use Curve as a VCC of sorts - you link your debit/credit card to your Curve card and use the Curve card details to transact rather than the linked card. It's not disposable though. Another option would be to have a separate current account, with no overdraft, that you only use for online payments. Only transfer money into the account when you intend to make a purchase and freeze the card when you don't intend to use it. Achieves mostly the same goal I feel.

Chino

zzzrd said:

A disposable VCC only works for a one time use (initial sub) then dies, so Netflix (as an example) can't take more than one sub and then the service stops.

But you will still owe the service provider the unpaid subscriptions.

As you appear to be in the habit of signing up to subscription services, you also ought to get into the habit of explicitly cancelling these services with the providers as and when you tire of them to avoid the providers reporting debts to the credit reference agencies.

born_again

gt94sss2 said:

Not quite a virtual card as the card number remains the same but Jaja change the CVV code shown in their app for online transactions each time they show you the card details
So if you do an online transaction with these, your card details can't be reused as the CVV expected the second time will be different.

You are aware that subscriptions do not require the CVV, as that piece of data is not allowed to be stored by retailers.

born_again

zzzrd said:

The point about cancelling the subscription is correct. But this does not negate the risks of sharing real card details over the internet with any companies, including subscription service companies.

To give you some idea. 
Far more cards are compromised in physical shops than via online retailers.
As physical shops have the full card no + exp on the till roll. Most do no security checks on staff who have access to these. So are a easy way to get a lot of card no's. Which are then sold online.

gt94sss2

born_again said:

gt94sss2 said:

Not quite a virtual card as the card number remains the same but Jaja change the CVV code shown in their app for online transactions each time they show you the card details
So if you do an online transaction with these, your card details can't be reused as the CVV expected the second time will be different.

You are aware that subscriptions do not require the CVV, as that piece of data is not allowed to be stored by retailers.

Most virtual cards are going to be used for one off transactions with retailers the customer is unfamiliar with.
Virtual cards are not really designed to be used for subscriptions from the likes of Netflix.

Sandtree

gt94sss2 said:

born_again said:

gt94sss2 said:

Not quite a virtual card as the card number remains the same but Jaja change the CVV code shown in their app for online transactions each time they show you the card details
So if you do an online transaction with these, your card details can't be reused as the CVV expected the second time will be different.

You are aware that subscriptions do not require the CVV, as that piece of data is not allowed to be stored by retailers.

Most virtual cards are going to be used for one off transactions with retailers the customer is unfamiliar with.
Virtual cards are not really designed to be used for subscriptions from the likes of Netflix.

The ones the OP is talking about are, to a fashion at least, as the blog of privacy.com talks about you using a card number for amazon, a card number for netflix, a card number for apple and then when you've decided to stop your netflix subscription you can then just deactivate that card number... it works (noting the issue now raised multiple times that non-payment doesnt terminate a liability) in that operating model but the Jaja model wouldnt work becauase as both Born_Again and I already pointed out CCV isnt used in CPA transactions.

My argument with the OP however is that the only thing it totally helps with is data breaches and these are thankfully rare and even when they happen CCV numbers arent (or shouldnt be) there. They arent a golden panacea for subscription issues as at most all it does is moves the onus on the company to chase you for the debt rather than you chasing the company for money back but this can already be accomplished by cancelling the CPA with the card issuer.