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A query regarding EMI payment on eBay
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<blockquote data-quote="Maestro" data-source="post: 1803834" data-attributes="member: 14558"><p>I don't think you can complete that transaction. When you pay via an EMI, the entire amount is authorised against your card and is blocked from your total credit limit. This blocked amount thereafter reduces with each monthly payment until the entire amount is paid off.</p><p> </p><p>Therefore, if you don't have enough credit limit to cover the whole amount, the transaction will not go through.</p></blockquote><p></p>
[QUOTE="Maestro, post: 1803834, member: 14558"] I don't think you can complete that transaction. When you pay via an EMI, the entire amount is authorised against your card and is blocked from your total credit limit. This blocked amount thereafter reduces with each monthly payment until the entire amount is paid off. Therefore, if you don't have enough credit limit to cover the whole amount, the transaction will not go through. [/QUOTE]
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