Ever got questions from EMI after adding funds via google pay/mastercard/visa creditcard?

[MFNL]

Hi everyone,

Question: did you ever get questions from an EMI (either business or personal account) after you added funds using your mastercard/visacard or google pay?
If so, what where they and how did you deal with it?

Thank you.

 

[Sols]

In some ways, it's the same as funding via bank transfer. They will ask about the origin of the funds, the purpose of the payment, and some supporting documents. So prepare for that, including proving that the card is yours.

Cards have a chargeback risk so they are considered higher risk than a bank transfer.

 

[uplana]

They asked for phone verification in my case with once of the smaller exchanges.