When you sign up to accept single-use virtual cards, it becomes your default method of receiving payment. This means that every time a Melio user pays you, you’ll get paid with a single-use virtual card.
Single-use virtual cards look like any other credit card and include the following details:
- 16-digit card number - automatically generated and can be processed like any other card-not-present transaction.
- Expiration date- set for 30 days from the payment day.
- 3-digit CVC number.
Processing a single-use virtual card is simpler than you might think. In fact, you already know how to do it - the same way you process credit cards at your business today. Simply enter the card number into your point-of-sale (POS) terminal. (No adjustments or changes are needed.)
IMPORTANT NOTE FOR PROCESSING YOUR SINGLE-USE VIRTUAL CARD:
- You can only process a single-use virtual card once and it should be for the total payment amount.
- It must be entered into a point-of-sale terminal that can process credit card transactions.
- This can either be a physical terminal or a virtual terminal that lets businesses process online or remote transactions, without the actual card.
How to process your single-use virtual card
Follow these simple steps when you receive the email with your single-use card:
- Click Get card details. You’ll be taken to Melio’s page with the full card details.
- Click Copy card number.
- Enter the card number in your point-of-sale terminal. Make sure to put in the exact amount of this card, or the payment will fail.
- The money will be transferred to your bank account.
Here’s what the page with the full card details looks like:
NOTE: If your card point-of-sale terminal asks for your zip code, enter the following: 10011.
For your convenience, the full address of the card issuer appears right below the single-use virtual card on the card details page (see the above screenshot).
You must enter the full amount- If you entered a partial amount, the action may look like it worked but it will actually be declined. Contact our payments operations team at email@example.com if this happens.