So I went to Capitec

[HibiscusTunes]

I never use their atms, I use cashback at which ever retailer I shop at.

Cheaper too!

 

[Magandroid]

Every time I walk past one of the Capitec ATM's I am happy I am not with them. no way I am standing in one of those queues.

Same can be said for FNB, STD Bank, Absa and Nedbank. You see queues at all atms.

 

[HibiscusTunes]

Ugh, so I tried for the second time after the launch of the use of bank issued contactless cards at gautrain, and I still cannot use my new capitec card to tap into the parking.

 

[backstreetboy]

We are expecting high payment volumes this Black Friday. We are prepared for this demand, but suggest that you consider processing your payments before Friday, 29 November 2019.

Lol.

 

[akescpt]

Lol.

This country is like anti Black Friday.

 

[Swa]

This country is like anti Black Friday.

This country can't even handle pay days without payments slowing down so you have to sometimes wait a minute for a transaction to go through.

 

[MoHaG]

It's voluntary. SARB now requires it but international payment providers can opt not to implement it but they carry the risk of charge backs.

PASA, not SARB

So will that mean that it's possible for an online retailer to bypass capitecs security measures?

Those are measures to protect them against you disputing the transaction (based on some of the grounds). This means that it is your risk your card gets abused (and somehow bypass the process (SIM swaps for some banks, phishing with a simultaneous real transaction)) instead of the merchant's risk.

It prevents you from logging chargebacks with these codes: (From someone marketing it to sellers)

• 4837—No Cardholder Authorization
• 4849—Questionable Merchant Activity
• 4863—Cardholder Does Not Recognize—Potential Fraud

 

[FlashSA]

^^ You will get a call in the next few days trying to upsell you to a gold or gold fusion account...

Got the call last week. Free upgrade to Gold Cheque. No thanks. The end.

 

[backstreetboy]

Got the call last week. Free upgrade to Gold Cheque. No thanks. The end.

Lol called it. Next up will be the Horizon unit trusts, free will etc. etc.

 

[spiff]

Need to pay a beneficiary R200k -
Are there any transfer limits?

 

[KleinBoontjie]

Need to pay a beneficiary R200k -
Are there any transfer limits?

Yes, although you can set the limits yourself on the app and IB. Fairly easy

 

[Chingha]

Can't go over R100k a day AFAIK

 

[johnjm]

Need to pay a beneficiary R200k -
Are there any transfer limits?

That's a years salary for the average capitec client. You are with the wrong bank.

 

[spiff]

That's a years salary for the average capitec client. You are with the wrong bank.

Umm no. I have money cause I don't get ripped off by other banks

 

[Swa]

Need to pay a beneficiary R200k -
Are there any transfer limits?

Should be fine if it falls within your limits. May get a call from them though.

 

[johnjm]

Umm no. I have money cause I don't get ripped off by other banks

How much are you saving?

 

[backstreetboy]

That's a years salary for the average capitec client. You are with the wrong bank.

Lol you're thinking like all legacy banks. They cater for 95% of the population...

 

[johnjm]

Lol you're thinking like all legacy banks. They cater for 95% of the population...

Capitec caters for 99% of th population. What's your point? I asked a simple question how much he was saving. I honestly don't know how much that might be.

 

[FlashSA]

Need to pay a beneficiary R200k -
Are there any transfer limits?

Done R250k before relating to a property transaction. Just needed to self adjust the limits beforehand.

 

[HibiscusTunes]

Yeah, have done 250k without issues.