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How do people run virtual visa/credit card companies?

Discussion in 'Making Money' started by incent, Jul 15, 2009.

  1. incent

    incent Registered Member

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    These virtual card comapnies offering virtual visa etc, are these people that are reselling virtual generated cards from places such as Citibank or Paypal, or do they actually generate the numbers?

    Wondered this before, and I know a lot of people use them on here - so thought some people may be able to shed some light.
     
  2. thedmtic

    thedmtic BANNED BANNED

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    don;t know actually but i am making VCC from my hdfc bank account and us paypal.

    may be they are using different method.
     
  3. weaselstomp

    weaselstomp Registered Member

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    Well, they're issued by banks that can track that sort of thing :) If you see a VCC company, they're probably using an API with a bank or other gateway. If you really want to offer this in your own web service, I would suggest contacting a place that supports VCCs with an API. You'd probably have to have the customer deposit cash, use the API to confirm it went into your merchant account with the VCC provider, and once confirmed, send the VCC details to the customer.
     
  4. butlimous

    butlimous Regular Member

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    They usually have bank accounts in India or Thailand....these countries allow easy generation of VCCs
     
  5. hamlak

    hamlak Newbie

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    Hey guys, you can do it various ways. some banks allow you to generate unlimited VCC as an account holder. You simply resale this ok. That is one method.

    You can also generate from your Paypal acct. This one is for one use only and none reloadable.

    Finally, there are coys that will allow you generate VCC on their site using your Visa card or Mastercard.

    hxxp://www.www-card.com/ is one of them.

    hxxp://www.entropay.com use to offer same service, but I do not know if they are still doing so. you have to ask them.
     
    Last edited: Jul 15, 2009
  6. thefish2010

    thefish2010 BANNED BANNED

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    Just tried entropay. Won't work from the US
     
  7. TwistedMarketing

    TwistedMarketing Regular Member

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    Entropay still works and their vcc's are reloadable. But they dont allow USA persons.