Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 24th June 2006, 18:50   #1
BHPian
 
Minardi's Avatar
 
Join Date: Jan 2005
Location: Mumbai
Posts: 408
Thanked: 13 Times
Default My experience with wallet365.com

i was excited when the Times Group launched wallet365, something of a desi paypal.

and when i decided to subscribe to top gear (through the indiatimes site) instead of giving the credit card details directly, i routed my money through wallet365, simply to
a. understand w365 better, and
b. sort of build some equity, if i may say so.

experience was disappointing, cos

a. adding money to your wallet is quite a cumbursome process with many (what i felt) unnecessary steps.

b. they charge 2% commission for money deposited by credit card, which is something put up slyly in the web-site. imagine my shock when citibank deducted Rs.367 instead of Rs.360. not a question of Rs.7, but we would like to know of it. (paypal actually charges the person withdrawing the money and not the depositor of the money)

c. within minutes of placing my order, i got a call from their executive asking me my pan card number. he threatened that if i don't give, he'll cancel my payment to indiatimes.

d. i gave the above feedback to them through an email, but they didn't bother to call me back.

would be keen to share if anyone else here has experienced w365.

M

Last edited by Minardi : 24th June 2006 at 18:51.
Minardi is offline   Reply With Quote
Old 24th June 2006, 19:13   #2
BHPian
 
rareone's Avatar
 
Join Date: Oct 2005
Location: Navi Mumbai
Posts: 256
Thanked: 11 Times
Default

I have registered myself yesterday but my balance there is zero coz didnt have time 2 transfer the money.

Anyways its really sad if the services in India work like this...
rareone is offline   Reply With Quote
Old 26th June 2006, 15:45   #3
BHPian
 
Minardi's Avatar
 
Join Date: Jan 2005
Location: Mumbai
Posts: 408
Thanked: 13 Times
Default

i got an email from w365 today...

Dear Customer,

Thank you for choosing Wallet365. We welcome you as
a new customer and hope that you enjoy the convenience of your
account. We are pleased to inform that you have registered
successfully.

We write to you as you have booked a transaction on
Wallet365.COM with your credit card. Further we need your
correct PAN NUMBER/DETAILS.

Please provide us with your valid CONTACT NO.and PAN NUMBER so
that we will be able to process the other transaction for your Wallet365
account.

To take advantage of our service, please submit your
proper details as soon as possible. Assuring you of our best
services at all times. For any queries,please feel free to
write to me.

Thanks and regards
Suraj Redkar
The Wallet365 Team

Need some help here. Can anyone ask for PAN no. like this? I wd prefer to keep mine secret.

M
Minardi is offline   Reply With Quote
Old 26th June 2006, 15:55   #4
Senior - BHPian
 
Join Date: Oct 2004
Location: Bangalore
Posts: 1,429
Thanked: 30 Times
Default

Quote:
Originally Posted by Minardi
Need some help here. Can anyone ask for PAN no. like this? I wd prefer to keep mine secret.

M
I am no good at these things, but from what I know, you need to quote your PAN no in case you are making a transaction of >= Rs. 50000.00
deepakhon is offline   Reply With Quote
Old 26th June 2006, 16:05   #5
Newbie
 
Join Date: Jun 2006
Location: BANGALORE
Posts: 5
Thanked: 0 Times
Default

With PAN number increasingly becoming something sort of a Social Security number, PAN number is being asked by bankers if you are going to make big transactions. Wallet365.com might need the info before the bankers actually approve their transactions. I am not very sure if the PAN number can be used by a 3rd party against you... that too through websites.
niksin is offline   Reply With Quote
Old 26th June 2006, 16:18   #6
Senior - BHPian
 
finneyp's Avatar
 
Join Date: Dec 2005
Location: Bangalore
Posts: 2,603
Thanked: 138 Times
Default

Yes. any Banking transaction above Rs.50,000/- needs a PAN Number.

But I guess Minardi has just paid for Topgear subsciption, in that case, they have no right to ask for PAN No.
finneyp is offline   Reply With Quote
Old 26th June 2006, 16:55   #7
BHPian
 
a4_attitude's Avatar
 
Join Date: Sep 2005
Location: New Delhi
Posts: 442
Thanked: 0 Times
Default

lot of credit cards frauds in the que, that is the only reason they asking for PAN, as its a fool proof system, by which they can make differnce betwn stolen cards n real cards
Cheers
Wadhwa Ajay
a4_attitude is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Experience A-Star (Read: Experience a star) karan1609 Test-Drives & Initial Ownership Reports 118 17th November 2012 19:53
My experience on the NH218!!! Shan2nu Street Experiences 9 12th March 2008 01:46
S2000 and 540i Experience!! Rehaan The International Automotive Scene 22 21st July 2005 22:23
My experience with this month's magazine S350L-E240 The Indian Car Scene 19 4th June 2004 03:30


All times are GMT +5.5. The time now is 15:50.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks