A policy and charging rules function (PCRF) virtualization method, device and a virtualization policy and charging system are provided. The device includes: at least two virtual machine; where each of the virtual machine correspondingly realizes at least one function of the PCRF device; and the virtual machines are connected to each other through an Internet Protocol (IP) rout. According to the technical solution of the embodiments of the present disclosure, when a function of a PCRF VM is expanded, the VM can be configured flexibly, thereby reducing the cost and improving the performance price ratio.