|
Payment Gateway FAQs
What
exactly is the Smart Statement?
A Smart Statement lets a buyer access the online receipts of purchases
made in each store. It presents a list of transactions that were
made in the store that was being visited. The status of the shipment
(product ordered) can be tracked with a smart statement. But this
feature is only available to registered members of eBuyTM.
When
is the credit card charged?
That depends on the type of goods that one has purchased. If software
has been purchased and is immediately downloaded, then the credit
card is charged at the click of the "Buy Now" button in
the eBuyTM order form. If the product purchased needs
to be shipped, then the credit card is charged only after the merchant
indicates that the goods have been shipped out to the buyer's address.
How
big is E- Commerce in India?
While there are no official estimates, people are now looking at
this ranging anywhere between 500 million to three times the figure.
Popular vote is for the B2B (Business - to - Business) category
of e-commerce business taking a larger portion of the share, considering
the legal & infrastructural question marks in the Indian scenario.
The good news is that most large corporates in India are recognizing
the importance of e-commerce and investing in it in a big way.
Are
e-commerce transactions considered legal in India?
Credit card Transactions have no legal barriers in India. Contrary
to common perception, the RBI has not laid down any regulations
for the need for signatures, etc. In fact, there are already a few
shopping malls in India that already accept credit card transaction.
The
legal position of electronic documentation is one that is seriously
being reviewed by the Cyber Laws Panel. Recommendations on the same
are being passed and the Government and relevant departments have
promised a legal recourse mechanism on electronic documentation
very soon.
What
credit cards are accepted?
You can pay
for your online purchase with Visa, Master Card, American Express
and discovery.
When
will my credit card be charged for my order?
Credit
cards are charged within two business days of purchase. |
