Question virtual card companies terminating

JDMStanced

Honorable
Nov 22, 2014
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I'm curious to know why so many virtual card companies are terminating (going out of business)?
Bank of America used to offer Shopsafe. They no longer offer that service.
Token app used to be pretty popular and they no longer work.
Does it cost too much money for a company to maintain such a service?
 

Ralston18

Titan
Moderator
May be any number of reasons or a collective set of reasons:

Costs too much

Not enough profit

Liabilities/risks

May compete with another "service" they are planning to offer

Lack of customer and business support and/or interest (Lagging, declining....)

Just my thoughts about your question.
 

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