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Wednesday, 24 October 2012

Read this if you shop online with credit/debit cards

Posted on 12:04 by Unknown

Brick & mortar companies face a tough competition from online shopping sites as they offer greater convenience & cheaper prices. But should you trust these websites with your credit or debit cards?


Here are some interesting question (& links to answers) from online technical forums to help you take better decisions -

  • How are Cleartrip & PayTM able to store the credit/debit card details of the customers for future purchases in contrast to other websites like Flipkart/Snapdeal/Myntra etc. which require customers to enter card details for every transaction?
  • Groupon SG is Storing Customers' Credit Card Information. Is Groupon safe?
  • How does Amazon bill me without the CVC / CVV / CVV2?
  • What's the impact of disclosing the front-face of a credit or debit card?

work in progress...
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