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.
We are working on options to greatly reduce or even eliminate the service fees in the coming months - stay tuned!