On 11/26/2011 10:30 AM, Kartik Mistry wrote:
On Sat, Nov 26, 2011 at 10:22 AM, Binand Sethumadhavan binand@gmail.com wrote:
"Netbanking" as a payment mode is not very popular (almost nonexistent) in the western world. People prefer credit and debit cards to make transactions over there. It is only the average Indian's supreme suspicion of payment cards that makes netbanking is so popular here.
Transaction over net via 'Debit card' is not popular here or almost nonexistent. I know there are some Credit Card which only allows offline transactions here. Like many other people, I'm also stuck here and can't donate to Wikipedia (and similar projects).
Think of it - the net effect of debit card and netbanking is the same, is it not?
Almost same but netbanking 'looks' much safe. (Well, I clicked on confirmed twice due to faulty mouse and payment went to /dev/null and that's different story.. :))
Nowadays certain 'Big...' shopping malls do not accept debit cards which have PIN codes. They want cards that can be swiped without any PIN authentication. This is a security risk if the card is stolen. It is simply hard cash in the thief's hand. I use netbanking only to pay bills.