It is possible to convert between real card balances and virtual card balances through the use of virtual card services. This type of conversion process allows you to transfer funds between the two types of balances and to access their features. The key to the process is finding out how to determine which balance is the highest on your account. Then you can simply apply for a new virtual card that matches your balance, thus converting it into a real card balance.
Virtual card balances are always converted to APPROVED payments. They will not drop in Sandbox mode and will always make APPROVED transfers and refunds in sandbox mode. Stripping spaces and trimming card numbers prior to use is strictly prohibited. All transaction amounts are in the lowest currency unit in your wallet.
Virtual card balances will be automatically applied and automatically withdrawn from your bank account. You need not have a physical card in order to apply for a new card. The process is very simple and fast. All transactions are secured with encryption to avoid unauthorized charges. In most cases you will see the new card in your wallet within hours or even minutes.
Card balances are different from ATM withdrawal limits. Card balances will only be deducted when you withdraw from your wallet at a retail store or other authorized location. If you don't have an ATM card then you can simply make purchases using your debit card or make cash withdrawals at ATMs. Virtual card service providers provide this type of service with the intention of assisting customers who may not have the necessary funds available to make their purchases. Some businesses that require you to make a deposit prior to your first purchase will allow you to utilize virtual card accounts to withdraw your funds at ATMs while they process your transaction.
To open a virtual account, you should first contact your service provider and determine which accounts are available. After you have determined the type of account you want to open, you can then set up your account. You will not be required to fax any identification documents, or make a cash deposit. The account will be credited by your merchant account within 24 hours after the card is activated.
Once you have the account, you can make purchases using the card without any issues and enjoy a full amount of use even when your real card balance is low. If you have the funds available you can transfer the balance between real and virtual card balances.