Virtual credit cards brainwave

Discussion in 'Payment Processing' started by ringtonegeezer, Apr 10, 2007.

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  1. #1
    Do virtual credit cards eliminate the risk of chargeback from fraud?

    This would be great news.

    Who are the leaders in this field right now?
     
    ringtonegeezer, Apr 10, 2007 IP
  2. arvind_srivastava

    arvind_srivastava Well-Known Member

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    #2
    There is no denying the fact that VCC's eliminate the risk of chargeback.

    However Paypal authoritie have now become very stringent and ask the PP account holder to wither pay up the dues to clear the negative balance else shut the paypal account.

    Hope this helps in answering your questions.


    Al
     
    arvind_srivastava, Apr 10, 2007 IP
  3. ringtonegeezer

    ringtonegeezer Peon

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    #3
    Yes
    Thanks reply but as in my thread yesterday I was talking about transfer of funds to a persons bank account from like Paypal etc takes ages and I suppose credit card is only way for instant funds?
    Plus pre pay card eliminates fraud.

    IF you want to do business to buy a product using the buyers money for the buyer you cannot can you?
     
    ringtonegeezer, Apr 10, 2007 IP
  4. arvind_srivastava

    arvind_srivastava Well-Known Member

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    #4
    Bro I am extremely sorry to say but I can't understand a word out of your reply.
    However if you are asking out how to transfer funds from your Paypal account directly to a bank account, then I guess it can be done within 2-3 days.

    However if you could please elaborate/rephrase the question, I could be in a better position to answer you.


    Regards
    Al
     
    arvind_srivastava, Apr 10, 2007 IP
  5. ringtonegeezer

    ringtonegeezer Peon

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    #5
    If your in USA and I am in UK you want to buy something from me say candy for five dollars and so I have to use YOUR money to buy the candy however How can I get that money instantly to my bank account other than international direct deposit which many people would be put off travelling to their bank to do so?
    I need the money in my bank account see to use MY debit card to pay for that candy.

    However I guess virtual credit card would be instant if they use a persons bank details???
     
    ringtonegeezer, Apr 10, 2007 IP
  6. arvind_srivastava

    arvind_srivastava Well-Known Member

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    #6
    I guess there is no way by which you can get the money "instantly" in your bank account but the cheapest way to transfer funds and make a pick up in the other country is through Xoom.

    http://www.xoom.com

    However it does not operates in all countries.
    Guess you will have to depend upon
    WU or e-moneygram for such purposes.


    Al
     
    arvind_srivastava, Apr 10, 2007 IP
  7. ringtonegeezer

    ringtonegeezer Peon

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    #7
    Ahh emoneygram Look at this later.

    But you know the reputation of these type like Western Union, People get put off.
    I am going to ask Moneybookers if their credit card service puts transactions instantly into a members bank account.
    Regards
     
    ringtonegeezer, Apr 10, 2007 IP
  8. ringtonegeezer

    ringtonegeezer Peon

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    #8
    I just looked at Xoom and they have minimum $US25 to send looks like and also cannot send to UK.
    Ah well.
     
    ringtonegeezer, Apr 10, 2007 IP