Maybank Visa Debit Card will be E-commerce Ready
Posted on March 31st, 2008 by malcolm
Around June 2008, Maybank is scheduled to enable online transactions for their Visa Debit card. I am keeping my fingers crossed after receiving the following email from Maybank.
At present, we don’t allow e-commerce transaction for Visa Debit. This facility will be introduced in the near future. We are targeting June 2008, to enable the e-commerce acceptance for Visa Debit.
That would be very useful indeed! However, since the card is linked to a deposit account, do you foresee any high risk issues in terms of security?
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Malcolm:
Dear Penny,
Thank you for your question. Visa treats both their debit and credit cards the same. If you lodge any charge back, your card issuer like Maybank will fight on your behalf. Further, the Maybank Visa Debit card will likely be Verified by Visa when it allows online transactions.
You can refer to question number 14 on security features of Maybank Visa Debit card.
[...] number of people applying for it, I received the card within one hour. It should be noted that according to the bank, the card is not yet ready for internet transactions and this was confirmed when I [...]
Do you know when its coming online?
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Malcolm:
Hi Amirul,
We will let you know when it is available for online transactions. There are rumours that the card can be used for online transactions in July.
i’m still confused whether we have to replace the card with the one the one that have our name, because i think the main reason why maybankard visa debit is still unavailable for online transaction is because it doesn’t have our name embedded on it. am i correct malcolm?
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Malcolm: Hi sorensen. The reason is simply Maybank has not activated Maybank Visa Debit Card for online transactions, period. It is still June. We shall wait until end of this month.
since banks introduce debit card that encourage people using cashless transaction, but do we have to pay extra 2% of total expenses (usually at small shops)? we are not borrowing money, we are paying cash but in electronically way.
buy furniture total RM1000 + 2% = RM1020.
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Malcolm: Hi Amin. By right the small shops should not pass the 2% fees to consumers. But since almost nobody complain about, it has become a norm in Malaysia.