Which Payment Method Does Not Require OTP for Transactions?
Discover payment methods that skip OTP requirements for faster transactions with trusted merchants.
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Credit or debit card payments often do not require OTP (One-Time Password) for transactions, especially on smaller amounts or for trusted merchants. It's important to note, however, that due to security reasons, certain banks may still require OTP for some transactions.
FAQs & Answers
- What payment methods do not require OTP? Generally, credit and debit card payments do not require an OTP for small transactions, especially with trusted merchants. However, requirements may vary based on the bank's security policies.
- Why do some banks still require OTP for transactions? Some banks enforce OTP requirements as a security measure to prevent unauthorized transactions, particularly for larger amounts or new merchants.
- Is it safe to make payments without OTP? While smaller transactions might be safe without an OTP, for enhanced security, it's advisable to use OTPs whenever possible, especially for significant purchases or unknown merchants.
- How can I ensure my online transactions are secure? To enhance the security of online transactions, use secure payment gateways, enable two-factor authentication, keep your devices updated, and prefer merchants with strong security credentials.