This is just to warn you guys about a critical issue which was experienced by me as well as another dimer.
Baroda MClip (Wibmo) is blocking the wallet virtual card if you load money with even 2-3 different cards. They blocked my account for loading through only three different Ticket Compliments prepaid cards over a month. I did that only so I could combine my smaller denomination prepaid cards (1K, 2K, etc.) into one large value card for a transaction of around 8K.
Their call center agent asked me to send the statements for each of those cards. When I escalated the issue to their call center manager, he reiterated the same. I was also told that the funds would NOT even be refunded to the source card/account if I fail to provide the statements.
I was able to provide them the Ticket Compliments card statements after registering the cards on EdenRed. The cards were purchased from GiftCardsIndia via Shopclues so I did not have any need to register on EdenRed until then. Eventually, they unblocked my MClip virtual card 2 business days after I provided them a screenshot of the transaction history from EdenRed. The crazy thing was that the MClip wallet account was fully operational otherwise — I was able to login, , etc.
When I did some research later, I discovered that all such blocked/unverified funds are transferred to some central government fund after a certain period as per RBI’s rules.
Although they did unblock my wallet virtual card after I provided them the card statements, I have decided to stay away from MClip from now on. I suggest you do the same, especially if you load frequently via other wallet virtual cards or prepaid bank cards. Moreover, such things might soon apply to other wallets as well. Beware!
Here is a screenshot from Rupizo’s T&Cs page to give you a clearer idea about what checks are there in the background.