Can You Perform Online Transactions Without OTP? Here's What You Need to Know

Explore the possibility of online transactions without OTP and find out the best security practices.

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While it is possible to do online transactions without an OTP, it depends on the payment method and the security measures of the specific platform. Some cards or payment gateways allow low-value transactions without OTP for convenience, but it’s generally safer to enable OTP for better security.

FAQs & Answers

  1. What is an OTP and why is it important? An OTP, or One-Time Password, is a secure code sent to your device to verify transactions, enhancing security.
  2. Can I disable OTP for my online payments? Yes, some payment methods allow disabling OTP for low-value transactions, but it may reduce security.
  3. Are there risks in not using OTP for online transactions? Yes, not using OTP can increase the risk of fraud and unauthorized access to your accounts.
  4. What payment methods typically use OTP? Most credit and debit cards, as well as some e-wallets, utilize OTP to secure online transactions.

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For more insights on safe online banking and digital payment methods, explore our related videos on securing your transactions and understanding payment gateways.

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