Guwahati, March 20 -- Virtual prepaid cards are becoming increasingly popular among users of digital financial tools. Where can they be used? Why are they not accepted by all services? How do they differ from credit cards, and why do they exist in the first place? In this article, we'll explore these questions to understand the opportunities that virtual prepaid cards offer and the potential limitations you may encounter.

A prepaid card is a payment tool that is loaded with a set amount of money in advance. Unlike credit cards, there is no option to go into debt or borrow from a bank. Users can only spend the amount that has been preloaded onto the card.

These cards are particularly convenient for online payments as they do not require ...