UPI, the quick and easy way to transfer funds from different bank accounts, can also be misused to scam you. If you are unfamiliar with a number or not certain about the identity of the caller or source of information shared, please don’t engage any further.
Sharing of the transaction reference number between your acquiring bank, the payment processor, your customer’s card-issuing bank, and payment gateway (CyberSource) allows all four parties to identify the same transaction with this number.
Transactions using Google Pay are secure as Google keeps all payment information on secure servers. Your full card details are never stored on your phone or shared with merchants when you use Google Pay. Merchants are only provided with your Virtual Account Number.
And yes, it is totally safe to share the transaction ID with customer support, but I’ll suggest you not to share it with unauthorized people or strangers. Since the transaction ID number is of no use to anyone except the bank… There should be no reason for you to disclose that information.
Will Google Pay refund money if scammed?
A refund is not initiated by Google Pay. Rather, the reimbursement is handled by the company with whom you transacted. To do so, you must call the company and give them a few transaction-related facts. … Google Pay should be able to resolve your issue within 30 days at the most.
Which is the safest UPI app in India?
Best 5 UPI Apps in India:
- PhonePe – UPI Payments, Recharges & Money Transfer. PhonePe stands first in our list of best UPI apps in India. …
- Google Pay (Tez) – A simple and secure payment app. …
- Paytm – BHIM UPI, Money Transfer & Mobile Recharge. …
- Amazon Pay. …
- BHIM App.
What can someone do with a transaction ID?
As briefly discussed above, a transaction ID is a collection of digits used to connect specific payments with a specific merchant or customer. It can be used to analyze the status of a particular transaction made through a payment system or to check the payment logs.
Is transaction ID and reference number same?
The Sale ID identifies the entire sale, and the payment reference number identifies each unique item in that sale. You can click on the payment reference number to find which sale a particular item is a part of.
What is transaction ID in Google Pay?
The UPI transaction ID is the first 9 digits after the slash (/). Match the amount in the debit section of your statement to the amount of the transaction in Google Pay.
Is transaction ID confidential?
Transaction ID is definitely safe. The user will even receive an email with the transaction ID as a reference. Also, I’m pretty sure Payment ID is added to the redirect URL when the payment has been made. So they are both available for the user.
What is the transaction ID?
The transaction ID is a special set of numbers that defines each transaction. With its help, bank workers can identify the purchase that was made by the customer.
Why is Google Pay not safe?
Since Google Pay doesn’t store your card details on your phone, anyone who finds or steals your phone won’t be able to access that information, even if it’s unlocked.
How can I track transaction ID?
If you sent the request through your bank, log onto your banking site and browse the list of recent transactions. It may be listed in a separate section dedicated to transfers. Here you should find information on the status of the transfer, as well as the transaction ID tracking number if you need that.
It is a secret number and a vital security feature. Never share it and be careful while using it at ATMs and PoS machines to ensure that nobody is looking over your shoulder to steal this secret from you.
How can I get transaction ID details?
Get transaction details
Click the Activities menu option. Select Transaction ID in the search drop-down menu. Enter the transaction ID and press Enter. View the transaction details.