Payments

Virtual Card for Businesses

The versatile plastic-free corporate payment solution

What is HSBC Virtual Card

The HSBC Virtual Card is a convenient, card-free payment and financial management solution for businesses and is one of the most secure ways for making large value, high volume or repeat payments to suppliers.

Retain control over your spending as our virtual card allows you to generate unique account and card numbers for each transaction for immediate payment, while providing convenient reconciliation and personalised reporting.

Key Benefits

Card-free payment, easy control and convenient financial management

Convenient card-free transactions
Full control, compliance and security
Fraud protection and liability waiver
Better working capital management
Leverage merchant spend data to negotiate supplier discounts
Online management and reporting

A closer look at our virtual card

Convenient, card-free transactions

Card-free payment - secure way for employees to pay for goods and services
Reduce need for petty cash, cheques and purchase orders, helping you manage and reduce the business cost of employee general purchases
Generate unique, pre-authorised account numbers to pay suppliers
Make single or batch payments of high volume or repeat payments to suppliers
Full integration with your procure-to-pay system, enabling you to pay batch invoices

Full control, compliance and security

Reduce effort of issuing plastic cards to departments or individuals
Card data is managed according to Payment Card Industry Data Security Standards
Decide how, when and where virtual cards are used according to transaction-level controls

Fraud protection and liability waiver

Fraud detection software to detect fraudulent transactions and increase security
Zero corporate liability against deliberate misuse by cardholders*

Better working capital management

Set spending limits and transaction restrictions for your cardholders and approved suppliers
Leverage up to 53 interest-free days to help you manage your cash flow for better working capital
Faster payments to suppliers so you can negotiate better purchase terms
Real-time reporting insights to compare costs and control expenses
Streamline payment processing and reporting to achieve time and cost efficiencies

Online management and reporting

With HSBC's online management platform MiVision, you can easily manage cardholders and their spending, better monitor costs and maximise efficiency. Learn more

Important information

Terms & Conditions
*Corporate Card Liability Waiver Insurance is administered by Bellwood Prestbury Limited and underwritten at Lloyd’s of London. Claims are subject to the applicable terms and conditions.