Financial Information
What happens if you purchase an internet-based product (download) then cancel your debit card?
Question : What happens if you purchase an internet-based product (download) then cancel your debit card?
It’s been my experience that I must wait for about 3 days before the payment is processed. Plainly out of curiosity, I do not intend to do this, but what would happen if someone bought software online and received the serial code for it, then closed their bank account and moved to a different bank?
payment processing software
Best answer:
Answer by Mraj
Hi, Its good question and nice to know about your curiosity! Well, in this case whatever the transaction you have made before cancellation, will be freeze and then you can cancel the same. Whenever you go for cancellation you will be verified with your last few transactions you have made, then it will be processed. Bank officials will make a note of your concerns and then give you confirmation of your cancellation of the debit card.
No Business provides you with goods before they receive the payment (: certainly not the online business.
Whether you use a credit card or debit card, the amount will have to go to the clients bank account before you can recive the product (or Serial Code in your case).
So forget about your bizarre idea.