vcc

India
October 14, 2011 3:19am CST
Could VCC - Virtual Credit Cards be an option of online payment for Indian users? As Paypal is not allowing such services anymore, can I use a VCC to send money online? I want to register a new domain name and that is why I want it. Please help.
3 responses
@buddha3 (1029)
• India
14 Oct 11
Yes, they are the best option provided the company you are paying to doesn't go for "address verification". If their payment system does address verification then your VCC may fail in it and payment won't be processed. It depends on the payment system of the company you are paying to.
• India
14 Oct 11
Oh, I did not know that there is something like address verification. So, does it mean that I will have to first check with the site if they verify the address or not? Please enlighten me on this. Do you have any idea of a hosting service that does not do address verification. I want to pay for hosting and domain registration fees.
@buddha3 (1029)
• India
14 Oct 11
No, i don't know about hosting companies. It would be good if you contact the domain registration company if they accept payments from VCC. And also ask the VCC providing bank (through an e-mail to tech department, of course) if they check for address. But I guess the address problem arises only if you are using the services of an overseas VCC company. That problem should not arise in the VCCs of Indian banks I guess.
• India
14 Oct 11
As a matter of fact, I was late in reading this response as the screen was filled with the question-answer in the first response. Well, I just responded above mentioning the same point - the option of an Indian hosting company. Do you have any idea of a good and reliable one?
@anil02 (2886)
• India
14 Oct 11
Hello, I read it some where that we can use VCC of making on line payments. But I think if you get verified your paypal account you can send money. I used alertpay for sending money. But I send payment from balance which I have with alertpay.
• India
15 Oct 11
Yes. Even I have read it and that is why I am asking on mylot to confirm the same. But what I want is concrete information. Only then can I go forward with the process.
@owlwings (38851)
• Cambridge, England
14 Oct 11
Your best and cheapest option would be to discuss your needs with your bank. PayPal has had to limit its services because of RBI restrictions and your bank will know more about these and will be able to advise you how best to buy services from overseas. Many VCCs (unless they are issued by a recognised company) are exorbitantly expensive and may be risky to use. They are not really a credit card because you will have to buy a certain value before you use them. They are, in fact, a pre-funded virtual payment system. Beware of trying to circumvent your country's payment restrictions. There are so many ways in which the transaction could go wrong if you do not know EXACTLY what you are doing!
• India
14 Oct 11
If you are advising me about asking my bank what I want, then out of ignorance, my friend, you are on the wrong foot. My bank which has the PP account joined is totally in the dark about what is going on in the outside world. When I wanted to associate my bank account to PP, the first question they asked me why did I want to pull money this way? What is PayPal - just imagine, they did not even know what Paypal is. The people working there are just drawing salaries and are satisfied with whatever half-knowledge they have. And I have heard, half-knowledge is always dangerous. I may better ask you, but not them. On the contrary, I will have to keep giving them info about what's what. I have a couple of names in mind if I want to get a VCC. Has VCC anything to do with PayPal? I mean, PP now sends money to our bank accounts instantly - you might be aware of the RBI rules. Secondly, the bucks will go to the VCC directly from the bank and PP comes nowhere in the picture. I want to pay the amount for registering and hosting my new web site. Please tell me how can I go forward. Is there no way out then?