
Using Debit Card For Online Shopping
Shopping online with a debit card is not new. In fact, according to a Statista report, 975 million debit card users exist in our country of 1.4 billion people - and most of them actively shop online. And why not? After all, shopping online with a debit card is evolving with more rewards, security, and benefits.
In this article, we shall explore the process, the benefits, and tips to make the most when using debit cards for online shopping.
How can I shop online with a debit card?
Shopping online with a debit card is straightforward; just follow these steps to complete your online purchase:
- Select Your Items: Visit an online store or e-commerce website and add items that you like to your shopping cart.
- Proceed to Checkout: Once you are ready to buy, go to your cart and proceed to the checkout page.
- Enter Payment Information: While choosing the option to pay, look for the debit card option. Enter your debit card number, expiration date, CVV (Card Verification Value) code, and billing address.
Here, you may also be prompted to save your card. If this is your personal device and you trust this website, you can save your debit card info for future payment as well. - Verify Payment: Some banks may require additional verification, such as a one-time password (OTP) sent to your mobile phone or email, to complete the transaction.
Once you confirm the payment, it automatically will book your item to be delivered. Your online purchase is successful; and you should receive a confirmation email or message from the retailer.
Benefits of using debit card for online shopping
In addition to being fast, convenient, and secure way of payment, using a debit card for online shopping offers several other benefits:
- Budget Control: Since funds are directly debited from your account, you can only spend what you have, helping you avoid debt.
- No Interest Charges: Unlike credit cards, debit cards do not incur interest charges, making them cost-effective for regular use.
- EMI Conversion: Using a debit card for online shopping allows for easy EMI conversion, enabling you to spread payments over time without using credit.
Tips for using debit card for online shopping
To ensure a safe and smooth online shopping experience with your debit card, consider the following tips:
- Look for Secure Websites: Ensure the website you're shopping on is secure by checking for the padlock icon in the address bar and "https" at the beginning of the URL.
- Strong Passwords: Create complex passwords for your online banking and shopping accounts to protect your information.
- Monitor Your Account: Regularly review your bank statements for any unauthorised charges. Report suspicious activity to your bank immediately.
- Limit Information Sharing: Be cautious about sharing personal information, such as your Social Security number or date of birth, during online transactions.
- Update Contact Information: Keep your contact information with your bank up-to-date to facilitate communication in case of fraudulent activity.
- Beware of Phishing Attempts: Be wary of emails or calls requesting personal financial information. Legitimate businesses won't ask for this information through such channels.
In addition to using physical debit cards, some banks like Kotak811 also offer virtual debit cards. A virtual debit card works just like a physical one, but it exists only in digital form. You can use it for online transactions, making purchases and paying bills. It offers added security since the card details are not physically exposed and it's a convenient option for quick online payments without relying on your physical card.
Endnote
Clearly, using a debit card for shopping online is a fast, practical and secure way with full control over the process. By following the best practices, you can also enjoy the hottest discounts on almost every purchase. So, if you are looking for a feature-packed debit card, explore the 811 Debit Card by Kotak811, which lets you shop both online and offline in India and abroad.
FAQs
1. Can debit cards be used for online purchases?
Yes, debit cards can be used for online purchases with all merchants that support them.
2. How do I make my debit card eligible for online transactions?
To use your debit card for online transactions, you need to enable the online or e-commerce option in your card settings. This can typically be done through your bank's app or website under the card control section. However, if you are facing a problem or need clarification, contact your bank to enable online transactions.
3. Is it safe to make online purchases with a debit card?
Yes, it is generally safe to make online purchases with a debit card. However, you must remain vigilant and only use secure websites, enable alerts, and monitor your account for suspicious activity.
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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.
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