OTP is only for IVRS system. not for online transaction. for online
transaction you have to registered your credit card with visa. your bank's
website should have a specific link to connect you to that registration
page. if your card is not verified with visa or master, you can not make
online payment through your credit card.
----- Original Message -----
From: "Vikas Kapoor" <dl.vi...@gmail.com>
To: <accessindia@accessindia.org.in>
Sent: Sunday, March 25, 2012 11:38 PM
Subject: Re: [AI] levy or processing fee is being charged by payment gateway
But what about some foreign sites which don't have any provisions of OTP?
I
can quote some of the site which do not even require the CVV Code, one
such
site is ENotes.com. I've recently transacted over some foreign sites which
don't have any provisions of OTP, I think mandating OTP has to be from a
merchant's site and it has nothing to do with the credit card agencies.
Just
because of the RBI guidelines, Indian sites are inserting an extra layer
and
the same doesn't seem to be having any jurisdiction over the foreign
sites,
at least this is what I would like to conclude. that is the main reason
I've
never been able to understand the primary arguments behind introducing
this
so called extra layer!
----- Original Message -----
From: "Amar Jain" <amarjain2...@gmail.com>
To: <accessindia@accessindia.org.in>
Sent: Sunday, March 25, 2012 10:34 PM
Subject: Re: [AI] levy or processing fee is being charged by payment
gateway
There is nothing which stops payment gateways from charging processing
fee. And specially if you are using credit card, many sites charge you
some % extra as a transaction charge. And after the latest budget,
credit card transactions are taxable. So really speaking, complaining
about these extra charges will get you nothing.
For example, if you have booked coins from Kolkata mint, then they
charge you extra as transaction fee.
If you recharge using eazymobilerecharge, then 2 Rupees for using
cards is charged.
As far as security of transactions is concerned, after 2011 circular
of RBI wherein the use of one time password and other steps are taken
by RBI to secure card transactions, there is no extra risk involved in
using cards. Previously when cards relied only on CVV and other
information which was printed on cards, that time it was not very
secure method of making payments online specially. But now things have
changed to a great extent.
--
Amar Jain.
Website: www.amarjain.com
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