EasyPay virtual card

V

VG008

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Hey Guys,

I see easypay launch a product called VCpay (www.vcpay.co.za). Its a mobile app that allows you to create a one time virtual card. This card can be used for purchases instead of your bank card.

Whats your thoughts on this? I think its pretty cool, since I don't need to give out my details when purchasing products via the phone or even online.
 
Interesting, I'd use it for some of those 1 time purchases I have to do from time to time. They just need to get Android and Iphone apps ASAP.
 
Don't you think that's a bit harsh, since it wasn't EasyPay's fault. They were just targeted:

"Walter Volker, CEO of the Payment Association of SA, said EasyPay had nothing to do with the release of the credit card details"

Anyway, I have been using easypay for while to pay my bills. Keen to try their new product.

jxharding said:
they'd better have made a plan because im not even giving them my email address after all the security problems they had
still staying far far away from EasyPay , no matter what Easypays' comeback is
http://www.google.co.za/search?gcx=w&sourceid=chrome&ie=UTF-8&q=easypay+fraud
Click to expand...
 
jxharding said:
they'd better have made a plan because im not even giving them my email address after all the security problems they had
still staying far far away from EasyPay , no matter what Easypays' comeback is
http://www.google.co.za/search?gcx=w&sourceid=chrome&ie=UTF-8&q=easypay+fraud
Click to expand...
EasyPay is no different to any online retailer, i.e. you purchase goods and pay by credit card.

When payment is made EasyPay - in line all other vendors - have the payment approved by the credit card company. Still no different to Kalahari, Amazon, or thousands of others.

If the payment - which has been approved by MasterCard/Visa/whoever - is made using a stolen credit card [number] how are EasyPay - or Amazon - to know ?

Short answer: they can't know.

(OTOH the credit card companies do know that multiple high-value transactions are being billed to the same card in a short time: I sometimes receive a call if I use a credit card multiple times at the same shop on a Saturday morning. So why didn't they query the transactions ? Sounds like a case of shooting the messenger ...)

If you swich to EasyPay's 'new' website they ask you for your email address: if you use their 'old' website you are not asked for your email address. Again, no different to any other online store.

They ask for the email address for a reason: you receive an electronic receipt of all transactions made through EasyPay. And for that they need an email address.

EasyPay don't store credit card details, they don't store any other address.

In short, they are pretty safe.

I have been using them for years without any problems ...
 
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I would just like to say EASYPAY/VCPAY is a crapppy f$%#$^ service.... i urge everyone to stay away from them. They have been holding my money for days now, it wont show on my EP wallet and they dont want to send my money back.



:mad: :mad: :mad:
 
The website says...

NOTE: Please remember to use an activated VCpay™ mobile number as the reference number on the deposit slip or funds transfer reference field.


I guess you did that, right?
Did they tell you why your deposit hasnt been sent to your "wallet". The concept of a prepaid credit card on a mobile phone, sounds like a winner.

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warwickw said:
Interesting, I'd use it for some of those 1 time purchases I have to do from time to time. They just need to get Android and Iphone apps ASAP.
Click to expand...

Works on my HTC DesireHD, like a champ
 
Khanya said:
Swindling stories from them are scary.
Click to expand...

I have so far only experienced good service. Once you transferred funds into your EP wallet it takes 10 to 20 minutes to show in your wallet and you then receive confirmation mail that your wallet have been topped up, then you are ready to create a virtual CC on your mobile in any currency world wide. Once the transaction is concluded you get mail to confirm a reserved amount of the value of the credit card you created and it's then subtracted from the available total in your easy pay wallet. Simple and effective
 
It is known as card-not-present fraud, and occurs when fraudsters use stolen card credentials, obtained through card skimming and other means, to effect transactions online
Click to expand...

So people are reckless with their own credit cards and then blame other parties when they get scammed? How is that the fault of Easypay or VCpay. VCpay is a once off use credit card created securely on your phone and no one can reuse that card. Topping your Easypay wallet via Internet banking or eEFT makes it even more secure. Flashing around credit cards recklessly like there is no tomorrow is another problem completely.
 
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@Project X - I guess you an FNB customer as well?
I had the same issue on Monday. They told me their FNB real time link is down, and that their finance department will process the transaction. It took them two days to process my transaction.

The two day delay is not the best, but hey, the others times I've used their EFT system it works within 10 mins.
Coming from a banking industry, I guess their reasoning and the delay is acceptable. Hopefully they sort out the issues soon.
 
Been using them for a while. Takes a few hours from the EFT to getting the funds in my wallet (quickest was 20 minutes).

Otherwise I have had no problems, well I only ever deposited R300 max so I don't have lots to loose.
 
Sigh yep FNB but this wasnt the first time for me. I told them to check my call log and it had happened 3 times before already with the same excuse. I just got fed up and funny how after demanding they cancel the top up and return my money then suddenly my EP wallet has the money..

Another thing When I called I could hear in the background 2 other consultants trying to calm customers down. So CLEARLY there is a problem with these guys...
VG008 said:
@Project X - I guess you an FNB customer as well?
I had the same issue on Monday. They told me their FNB real time link is down, and that their finance department will process the transaction. It took them two days to process my transaction.

The two day delay is not the best, but hey, the others times I've used their EFT system it works within 10 mins.
Coming from a banking industry, I guess their reasoning and the delay is acceptable. Hopefully they sort out the issues soon.
Click to expand...
 
Project X said:
Sigh yep FNB but this wasnt the first time for me. I told them to check my call log and it had happened 3 times before already with the same excuse. I just got fed up and funny how after demanding they cancel the top up and return my money then suddenly my EP wallet has the money..

Another thing When I called I could hear in the background 2 other consultants trying to calm customers down. So CLEARLY there is a problem with these guys...
Click to expand...

Ne, no real problem with these guys at all. I used them a few times doing International purchases and touch wood nothing ontowards happened at all. It seems to me that you rather have a problem with FNB as if I recall correctly there were a few issues with them and EasyPay in the past as well. From Standard I had no issues at all.
 
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