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Just want to point out that such a service wouldn't work in India. The Reserve Bank of India has stipulated that all "card-not-present" transactions (such as on
by nileshtrivedi 12y ago
Just want to point out that such a service wouldn't work in India. The Reserve Bank of India has stipulated that all "card-not-present" transactions (such as online purchases) require a secondary authentication (Verified by VISA password or a grid printed on the back of card). This improves the security but also pushes the liability to the consumer, given that he is not supposed to share this secondary password with anyone else.
- evilduck 12y agoMy impression is that they're buying stuff for you, then charging the user as a separate transaction that includes the original purchase price plus their fee.
- ignoramous 12y agoUber is doing fine with prepaid wallets. Also, cash on delivery or some variant of pay at hotel already solves the issues you point out. And plastic cash isn't as prelevant in India as it is in the western world. You wouldn't really miss out on anything because of 2FA imposed by RBI.