This morning my regular milk & paper vendor asked me if I’m making my UPI payment with any credit line. I casually told him not to worry as he won’t be levied any charges below ₹2000. Which is true for my google business QR, looks like Bharath QR is levying charges for all payments with any sort of credit line.
This is because it’s based on turnover, in the past fiscal year they would have had a turnover over 20L, so they are being levied these charges. It has nothing to do with ₹2000 limit. Even if they get paid lower than that ₹2000 amount, they will be charged MDR because of their turnover.
Damn that guy earns almost as much as me!!
Didn’t know these guys made so much
Just an insight. NPCI is soon bringing convenience fee on cc and credit line
Merchant will have an option to charge it and consumer will bear it. It’s just a matter of time it’s getting implemented across ecosystem
If they start charging . Small business will go with cash payments…
No they will block CC on UPI transactions