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Gateway FAQs
What exactly is the Smart Statement?
A Smart Statement lets a buyer access the online receipts
of purchases made in each store. It presents a list of transactions
that were made in the store that was being visited. The status
of the shipment (product ordered) can be tracked with a smart
statement. But this feature is only available to registered
members of eBuyTM.
When
is the credit card charged?
That depends on the type of goods that one has purchased.
If software has been purchased and is immediately downloaded,
then the credit card is charged at the click of the "Buy
Now" button in the eBuyTM order form. If the
product purchased needs to be shipped, then the credit card
is charged only after the merchant indicates that the goods
have been shipped out to the buyer's address.
How
big is E- Commerce in India?
While there are no official estimates, people are now
looking at this ranging anywhere between 500 million to three
times the figure. Popular vote is for the B2B (Business -
to - Business) category of e-commerce business taking a larger
portion of the share, considering the legal & infrastructural
question marks in the Indian scenario. The good news is that
most large corporates in India are recognizing the importance
of e-commerce and investing in it in a big way.
Are e-commerce transactions considered legal in India?
Credit card Transactions have no legal barriers in
India. Contrary to common perception, the RBI has not laid
down any regulations for the need for signatures, etc. In
fact, there are already a few shopping malls in India that
already accept credit card transaction.
The legal position of electronic documentation is one that is seriously
being reviewed by the Cyber Laws Panel. Recommendations on
the same are being passed and the Government and relevant
departments have promised a legal recourse mechanism on electronic
documentation very soon.
What credit cards are accepted?
You
can pay for your online purchase with Visa, MasterCard.
When
will my credit card be charged for my order?
Credit
cards are charged within two business days of purchase.
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