Re: virtual credit cards
"chargeback" is the process of reclaiming a disputed payment.
Do you mean "pre-authorisation" which checks if the card can cover a payment and reserves that amount ready to be "authorised" (claimed) later. It's a common practice when setting up online payment methods or using Pay-at-Pump petrol (gas) stations. In fact it used to be a stipulation of the card companies that an online retailer could not take money from your card until they had shipped your order.
Biting the hand that feeds IT
