Virtual debit card launched by Capitec

[skimread]

Don't see the problem. On a debit card the authorization is done as a separate charge that'll get refunded after a few days.

But my available balance is an additional amount that it should not be.

Let say I have a bank balance of R21k. I buy an item for R10K. I buy from Amazon and an unprocessed transaction of R10K is deducted from me balance leaving me R11K. I get an SMS notification my balance is R11K. Then on ship date another R10K gets deducted. I get an SMS notifcation another R10K is deducted and my balance is now R1K. When I log into my app it says balance is R1K. When I log into internet banking my balance is R1K. I phone Amazon and they say it will get refunded in a few days and on their side there is only one payment of R10K.
However, it is end of month and all my debit orders will bounce before I get refunded. Also for those 5 days I get no interest on my savings on R10K that is unprocessed.

When I bought an Amazon item from Standard bank I didn't get the problem. I ordered an item and got an SMS saying R10K get deducted. On ship date I do not get an additional deduction. My balance is always corect.

So it is Capitec specific. You understand the problem?

 

[backstreetboy]

But my available balance is an additional amount that it should not be.

Let say I have a bank balance of R21k. I buy an item for R10K. I buy from Amazon and an unprocessed transaction of R10K is deducted from me balance leaving me R11K. I get an SMS notification my balance is R11K. Then on ship date another R10K gets deducted. I get an SMS notifcation another R10K is deducted and my balance is now R1K. When I log into my app it says balance is R1K. When I log into internet banking my balance is R1K. I phone Amazon and they say it will get refunded in a few days and on their side there is only one payment of R10K.
However, it is end of month and all my debit orders will bounce before I get refunded. Also for those 5 days I get no interest on my savings on R10K that is unprocessed.

When I bought an Amazon item from Standard bank I didn't get the problem. I ordered an item and got an SMS saying R10K get deducted. On ship date I do not get an additional deduction. My balance is always corect.

So it is Capitec specific. You understand the problem?

Just use a credit card.

 

[Thor]

But my available balance is an additional amount that it should not be.

Let say I have a bank balance of R21k. I buy an item for R10K. I buy from Amazon and an unprocessed transaction of R10K is deducted from me balance leaving me R11K. I get an SMS notification my balance is R11K. Then on ship date another R10K gets deducted. I get an SMS notifcation another R10K is deducted and my balance is now R1K. When I log into my app it says balance is R1K. When I log into internet banking my balance is R1K. I phone Amazon and they say it will get refunded in a few days and on their side there is only one payment of R10K.
However, it is end of month and all my debit orders will bounce before I get refunded. Also for those 5 days I get no interest on my savings on R10K that is unprocessed.

When I bought an Amazon item from Standard bank I didn't get the problem. I ordered an item and got an SMS saying R10K get deducted. On ship date I do not get an additional deduction. My balance is always corect.

So it is Capitec specific. You understand the problem?

That is a disaster of a bug.

 

[skimread]

That is a disaster of a bug.

It's an edge case as the SA online stores I know of deduct the money immediately and refund you if they can't ship.

Anyone else want to buy an item from Amazon using a virtual card to test it as well?

Use ZA15 for a voucher of 15% for orders over $80. Max discount is $20.

 

[backstreetboy]

Still can't create a virtual credit card.

 

[Ockie]

Still can't create a virtual credit card.

Don't know what the point is of a virtual card but after reading your post ... went into the app...did it in like a minute flat. Done.

 

[backstreetboy]

Don't know what the point is of a virtual card but after reading your post ... went into the app...did it in like a minute flat. Done.

That's a debit card. Will send them a feature request again.

 

[Ockie]

That's a debit card. Will send them a feature request again.

Ah I see. You are right. If they can do it for debit card then should be easy enough to do it for credit card. Wonder why they don't have that option.

Sorry...I should have read your post more carefully.