What is a ghost credit card?

A ghost debit or credit card is a randomly generated credit card number and CVV that can be used to complete a single transaction. Businesses may assign them to individual departments for better expense tracking and control. If you are wondering “what is a ghost card?” the information below can provide some illumination. How does a ghost card work?

Why do you need a ghost card number?

The ghost card number can be securely stored by your suppliers. So, the buyer doesn’t need to know the number to place orders with them. Ghost cards can be limited to specific vendors or even specific products. Easier to keep control of stock levels by suspending purchase of fully-stocked items.

Should you use ghost virtual cards for payments?

One key benefit of using ghost virtual cards for payments is that you can set spending limits on each of the cards that you generate. For example, you might give a number to one department a balance of $2,500 while another that has to make more purchases might receive one that has a balance of $4,000.

Is ramp a good alternative to ghost credit cards?

Ramp is a great alternative to ghost credit cards because your company remains in control of how and by whom company funds are spent. Ramp’s easy-to-use dashboard can be used to set spending limits and designate user permissions for individual credit cards or at scale.