What I've found, is that every virtual credit card provider has to try to process recurring payments, even if that virtual credit card is depleted, kind of defeating a big use of virtual credit cards. I am sure that this is something they were obligated to do by other financial institutions. So virtual credit cards just end up being solely for online transactions that are not recurring.

The only company I have found that actually does what I'm describing is entropay.com, and they are based in Malta and I don't trust them for big transactions, as they have been known to steal people's money.