effective 07-Jan-2021, Citi will no longer accept VMT payments received towards your Citi Visa Credit card
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Received mail from citi saying " effective 07-Jan-2021, Citi will no longer accept VMT payments received towards your Citi Visa Credit card" ,
Does this mean we won’t be able to make citi CC bill payment using Mobikwik/Paytm/Amazon/Cred etc ?
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Vmt = visa money transfer.. Meaning you won’t be able to pay via debit card.. That’s my understanding could be wrong
Actually –
VMT Facility offers Account Holder/ User online funds transfer either through ATM or through Online Bank Portal from the Card issued by the Bank to any other VISA debit or credit card issued by the Bank / any other bank.
Ohk…so it means we can still use mobikwik etc ?
Only if you hate peace of mind. My money is stuck with them since 36 days.
Last month Paid 1000 twice using mobikwik it shows as vmt in cc statement
Paid 2.5k and 9k that shows as neft.
So may be for smaller amounts they use vmt.
The debit card that you used was from VISA?
Made two of payments for icici and citinusing mobikwik approximately 25k each usign visa debit card, both are credited as VMT.
Update: paid bill for same cards using a maestro debit card, that was credited as NEFT on credit card.
So looks like if we use debit card for payment via MK , it will be VMT
Hdfc billpay via visa platinum dc?