Well, "virtual particles" are what's represented by internal lines of Feynman diagrams, and these stand for free propagators (in the most simple sort of Feynman diagrams used in calculations order by order in perturbation theory, and I'd keep the discussion to these most basic application). Each free propagator reflects the mathematical properties of the quantum field the particle describe. There is no other meaning to them than that. Feynman diagrams are very suggestive in making pictures on "what's going on in a collision", but that's misleading. The observables refer to counting "real particles", i.e., something that hits a detector that can write information to a storage device, and this information refers to observable "real particles", represented by the external legs of Feynman diagrams. These are defined in terms of free-particle states, and even this is problematic for electrically charged particles, because the usually used naive free-particle states are not the correct asymptotic free states due to the long-ranged nature of the electromagnetic interaction. The true asymptotic states in this case are characterized by a coherent state, which usually is taken into account by appropriate soft-photon resummation techniques as explained, e.g., in Weinberg, Quantum Theory of Fields, vol. 1, to cure the associated IR and collinear divergences.
The most simple example is tree-level bremsstrahlung in the scattering of a charged particle on a classical Coulomb field representing a very heavy charged particle (e.g., electron scattering on a heavy nucleus). There you need to take into account at least also the elastic scattering + the one-loop radiative correction a la Bloch and Nordsieck.
To make a long story short: Feynman diagrams only look simple and intuitive. In fact they are highly efficient symbols to express complicated mathematical manipulations of the Feynman diagrams occurring in perturbative evaluations of S-matrix elements in QFT (including the organization of renormalization of UV divergences and resummations to cure IR and collinear divergences).