There is no cost to create a virtual card, however there is a small service fee applied when using a virtual card to make a purchase. Each transaction fee costs 2.99% of the purchase price + $0.31.
For example, an item costs $50.00. The charge will be $50.00 + $1.50 (2.99%) + $0.31 = $51.81
A merchant such as Amazon might split your purchase into multiple shipments and only charge when each item is shipped. Each charge is a separate transaction and you will incur the service fee for each transaction.
Fees are only charged on approved transactions.
We are working on options to greatly reduce or even eliminate the service fees in the coming months - stay tuned!
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