Every Innovator Business Checking account or Accelerator Startup Checking account comes equipped with instant-issue virtual debit cards. These cards allow for convenient in-person contactless payments or online purchases. Your virtual debit card even has the potential to earn you 1% cashback on online and in-store signature based purchases.
Here, we’ve provided an overview of how virtual debit cards work, so that you can feel more confident using them for your business purchases.
Just like it sounds, a virtual debit card is like your physical debit card, only it’s completely digital. This card is linked to your bank account, but uses a unique digital number. Your virtual debit card is primarily managed through online banking, but can also be kept in a digital wallet on your mobile device.
To make a purchase using a virtual debit card, simply use the unique details of your virtual card (typically stored on your device or browser) instead of inputting the numbers from your physical card. These details are processed securely by the payment system, and the transaction is completed using your available funds.
Like your physical debit card, a virtual credit card can be used both online and in stores. However, to use your virtual credit card in stores, you’ll need to add it to your digital wallet. Some stores may not be equipped to allow purchases via digital or mobile wallet, so that’s a potential limitation of virtual cards.
Virtual credit cards provide an extra layer of security by generating unique card numbers for each transaction, protecting your actual card information. In contrast, traditional credit cards use the same card number for all transactions, which could make them more vulnerable to fraud.
Virtual cards have become an increasingly popular form of payment, and for good reason! Using a virtual debit card rather than a physical card has several advantages, including:
Discover the Grasshopper Debit Card
Once your Grasshopper business checking account is approved and open, you can access your virtual debit card in just a few steps:
Virtual debit cards are a great resource for any small business owner or startup founder. With the added security and convenience, these cards can help to make business transactions a more seamless experience!
Brana Webb is a versatile marketing professional with a decade of experience leading brand, content, and digital strategies across industries ranging from financial services to consumer goods. With 8+ years of experience driving brand growth and customer engagement across the banking and fintech space, she has developed a strong track record of translating complex ideas into compelling campaigns that resonate with target audiences. In her current role at Grasshopper, she leads strategic marketing initiatives that support product launches, deepen client relationships, and fuel business growth. With a background spanning both in-house and freelance work, Brana brings a thoughtful, creative, and data-informed approach, helping teams connect more meaningfully with their audiences and move faster toward their goals.
