Only Premium & Super Premium Cards Discussion

[RewardsAlert]

Dear members,

As promised in one of my previous posts, I have decided to present you with a hack to virtually show spending on your Axis credit cards and basically earning rewards on top of it.

https://www.technofino.in/community/threads/rarely-known-info-about-hdfc-dcb-hack-on-swiggy.13069/post-222277

When the Swiggy hack was shared by @hireng , it instantly struck my mind because I had experienced it in April with Myzone card on swiggy. So what happened was that, I cancelled few orders, and received the credit payment from Swiggy as IMPS instead of refund.
After few days, when I checked Edge Rewards portal, it was counted as spends, and accrued regular reward points.
As soon as I got concrete knowledge about this, I further tried to implement it on Airtel Axis card which has a 10% cashback on Swiggy.
So, I placed an order of 5k, and cancelled it immediately.



Guess what? I received the refund again as IMPS payment, and it got counted as cashback also.😉

This trick will only work for some particular banks like Axis, HDFC, etc. based on Hit & Trial.
Because not all banks accept payments in IMPS. and different banks have different payment mechanisms.
This way you can also complete your Magnus milestones, by purchasing 10-15L ghee 😋 on Swiggy instamart and cancelling it.

I do not encourage or recommend it in any way, but someone can use it complete Airtel Axis milestone, as it is a very small amount of 5k which won't trigger any alert.

As this is a purely lucrative and rewarding way, in which no CC to Bank is required and no funds will hit your bank account, basically there is a virtual spending on your card just because of Swiggy's refund mechanism.

So, there are high chances that this hack will leak in public forum, other groups, etc.
But If we (mods) find any such activity and reported by any group member, then a non tolerance action will be taken against leaker.
So, please keep it to yourselves.

Disclaimer: There are 99% chances of your Swiggy account getting banned, so do it cautiously and with the mobile number you don't care. Also don't do high value trxns above 20k just for sake of fulfilling Magnus milestones. Not recommended.

Read this for more info:

Oops! We ran into some problems.

www.technofino.in

 

[phagocyte536]

Swiggy must be at a loss for doing this right? Must be paying MDR for no reason. Such a huge company, still has a leaking loophole 😁

 

[VISHESH_BANSAL]

Dear members,

As promised in one of my previous posts, I have decided to present you with a hack to virtually show spending on your Axis credit cards and basically earning rewards on top of it.

https://www.technofino.in/community/threads/rarely-known-info-about-hdfc-dcb-hack-on-swiggy.13069/post-222277

When the Swiggy hack was shared by @hireng , it instantly struck my mind because I had experienced it in April with Myzone card on swiggy. So what happened was that, I cancelled few orders, and received the credit payment from Swiggy as IMPS instead of refund.
After few days, when I checked Edge Rewards portal, it was counted as spends, and accrued regular reward points.
As soon as I got concrete knowledge about this, I further tried to implement it on Airtel Axis card which has a 10% cashback on Swiggy.
So, I placed an order of 5k, and cancelled it immediately.

View attachment 19104

Guess what? I received the refund again as IMPS payment, and it got counted as cashback also.😉

This trick will only work for some particular banks like Axis, HDFC, etc. based on Hit & Trial.
Because not all banks accept payments in IMPS. and different banks have different payment mechanisms.
This way you can also complete your Magnus milestones, by purchasing 10-15L ghee 😋 on Swiggy instamart and cancelling it.

I do not encourage or recommend it in any way, but someone can use it complete Airtel Axis milestone, as it is a very small amount of 5k which won't trigger any alert.

As this is a purely lucrative and rewarding way, in which no CC to Bank is required and no funds will hit your bank account, basically there is a virtual spending on your card just because of Swiggy's refund mechanism.

So, there are high chances that this hack will leak in public forum, other groups, etc.
But If we (mods) find any such activity and reported by any group member, then a non tolerance action will be taken against leaker.
So, please keep it to yourselves.

Disclaimer: There are 99% chances of your Swiggy account getting banned, so do it cautiously and with the mobile number you don't care. Also don't do high value trxns above 20k just for sake of fulfilling Magnus milestones. Not recommended.

For food orders it give cancellation window of 60 Seconds.
But for instamart orders ,I have not seen any Cancellation Button?
Did you cancelled via Chat Support?

 

[RewardsAlert]

Swiggy must be at a loss for doing this right? Must be paying MDR for no reason. Such a huge company, still has a leaking loophole 😁

No, actually this is a profit for them.
Reason: I have deeply researched about how Payment gateways actually work, also created some test gateways and whatnot, and overall conclusion which I found out was:

A merchant incurs two kind of charges:
1. On accepting the payment: Maybe from credit card - 2%
2. On refunding the payment: 0.5 - 1% for credit cards
So, now you see, total charges to be borne by merchant are 1+2 % = 3%, and just by avoiding direct refund mechanism and implementing a IMPS credit, Swiggy is essentially saving on 1% refund charges which goes in Lakhs for a company of their size!

 

[RewardsAlert]

For food orders ot give cancellation window of 60 Seconds.
But for instamart orders ,I have not seen any Cancellation Button?
Did you cancelled via Chat Support?

Research is the key here!
You're right that Swiggy default gives 60 sec cancellation option.
But there is no such option for Instamart

So, there is a sneaky way, to go to help>select order> chat with Swiggy bot and click on I want to cancel my order. It will ask reason, give any lame reason, and it will refund instantly.
IMPS Refund credits in less than 1 minute.

 

[phagocyte536]

No, actually this is a profit for them.
Reason: I have deeply researched about how Payment gateways actually work, also created some test gateways and whatnot, and overall conclusion which I found out was:

A merchant incurs two kind of charges:
1. On accepting the payment: Maybe from credit card - 2%
2. On refunding the payment: 0.5 - 1% for credit cards
So, now you see, total charges to be borne by merchant are 1+2 % = 3%, and just by avoiding direct refund mechanism and implementing a IMPS credit, Swiggy is essentially saving on 1% refund charges which goes in Lakhs for a company of their size!

Wow, had no idea CC companies take a cut for reversing too.

Very interesting finds, thank you for sharing!

 

[VISHESH_BANSAL]

Research is the key here!
You're right that Swiggy default gives 60 sec cancellation option.
But there is no such option for Instamart

So, there is a sneaky way, to go to help>select order> chat with Swiggy bot and click on I want to cancel my order. It will ask reason, give any lame reason, and it will refund instantly.
IMPS Refund credits in less than 1 minute.

Okay.
But I think once order is marked packed, this will not work.
Do it ASAP after placing the order.

 

[RewardsAlert]

Okay.
But I think once order is marked packed, this will not work.
Do it ASAP after placing the order.

Yes, it won't work after getting packed.
And also why would someone wait for cancelling after using this trick 😂

 

[VISHESH_BANSAL]

Wow, had no idea CC companies take a cut for reversing too.

Very interesting finds, thank you for sharing!

It works like this as per my Experience with Paytm Merchant Accounts

Merchant Received 1k.
After MDR of Suppose 2%

Merchant Received 980.

Now customer ask for Refund.

Since Merchant Business Account has Balance of only 980, Merchant has to give 20 out of its Pocket to make it 1k.

 

[RewardsAlert]

It works like this as per my Experience with Paytm Merchant Accounts

Merchant Received 1k.
After MDR of Suppose 2%

Merchant Received 980.

Now customer ask for Refund.

Since Merchant Business Account has Balance of only 980, Merchant has to give 20 out of its Pocket to make it 1k.

Plus apart from Rs. 20 there is a small refund fee, if instant refund is processed by merchant!
So a Big loss overall, whereas in IMPS, refund is instant and no fees!

 

[VISHESH_BANSAL]

Yes, it won't work after getting packed.
And also why would someone wait for cancelling after using this trick 😂

It happened with me.
I received an Important call which I can not ignore and hence I am not able to cancel the order.

In my case Payment mode is swiggy money.
And Item is out of stock on Bigbasket.

Just after I placed the order on Swiggy
BB sent me notification Item is Back in stock😂

My first priority is to complete Tata neu league.

Anyhow I cancelled the order with the Help of Chat Support but they warned me.

 

[NikTravelEnthusiast]

@RewardsAlert has a capacity to bankrupt a company with his tricks.😁😁

 

[Makkar]

Dear members,

As promised in one of my previous posts, I have decided to present you with a hack to virtually show spending on your Axis credit cards and basically earning rewards on top of it.

https://www.technofino.in/community/threads/rarely-known-info-about-hdfc-dcb-hack-on-swiggy.13069/post-222277

When the Swiggy hack was shared by @hireng , it instantly struck my mind because I had experienced it in April with Myzone card on swiggy. So what happened was that, I cancelled few orders, and received the credit payment from Swiggy as IMPS instead of refund.
After few days, when I checked Edge Rewards portal, it was counted as spends, and accrued regular reward points.
As soon as I got concrete knowledge about this, I further tried to implement it on Airtel Axis card which has a 10% cashback on Swiggy.
So, I placed an order of 5k, and cancelled it immediately.

View attachment 19104

Guess what? I received the refund again as IMPS payment, and it got counted as cashback also.😉

This trick will only work for some particular banks like Axis, HDFC, etc. based on Hit & Trial.
Because not all banks accept payments in IMPS. and different banks have different payment mechanisms.
This way you can also complete your Magnus milestones, by purchasing 10-15L ghee 😋 on Swiggy instamart and cancelling it.

I do not encourage or recommend it in any way, but someone can use it complete Airtel Axis milestone, as it is a very small amount of 5k which won't trigger any alert.

As this is a purely lucrative and rewarding way, in which no CC to Bank is required and no funds will hit your bank account, basically there is a virtual spending on your card just because of Swiggy's refund mechanism.

So, there are high chances that this hack will leak in public forum, other groups, etc.
But If we (mods) find any such activity and reported by any group member, then a non tolerance action will be taken against leaker.
So, please keep it to yourselves.

Disclaimer: There are 99% chances of your Swiggy account getting banned, so do it cautiously and with the mobile number you don't care. Also don't do high value trxns above 20k just for sake of fulfilling Magnus milestones. Not recommended.

Read this for more info:

Oops! We ran into some problems.

www.technofino.in

Good find again @RewardsAlert. This is not limited to Swiggy, we can prepare a list of websites doing the same thing. I was able to find the same accidentally (may be 2017) when there was 5X or 10X rewards on Zoomcar with DCB. Did it few times but there is high chances of account getting blocked.

 

[Deleted member 9785]

I

Dear members,

As promised in one of my previous posts, I have decided to present you with a hack to virtually show spending on your Axis credit cards and basically earning rewards on top of it.

https://www.technofino.in/community/threads/rarely-known-info-about-hdfc-dcb-hack-on-swiggy.13069/post-222277

When the Swiggy hack was shared by @hireng , it instantly struck my mind because I had experienced it in April with Myzone card on swiggy. So what happened was that, I cancelled few orders, and received the credit payment from Swiggy as IMPS instead of refund.
After few days, when I checked Edge Rewards portal, it was counted as spends, and accrued regular reward points.
As soon as I got concrete knowledge about this, I further tried to implement it on Airtel Axis card which has a 10% cashback on Swiggy.
So, I placed an order of 5k, and cancelled it immediately.

View attachment 19104

Guess what? I received the refund again as IMPS payment, and it got counted as cashback also.😉

This trick will only work for some particular banks like Axis, HDFC, etc. based on Hit & Trial.
Because not all banks accept payments in IMPS. and different banks have different payment mechanisms.
This way you can also complete your Magnus milestones, by purchasing 10-15L ghee 😋 on Swiggy instamart and cancelling it.

I do not encourage or recommend it in any way, but someone can use it complete Airtel Axis milestone, as it is a very small amount of 5k which won't trigger any alert.

As this is a purely lucrative and rewarding way, in which no CC to Bank is required and no funds will hit your bank account, basically there is a virtual spending on your card just because of Swiggy's refund mechanism.

So, there are high chances that this hack will leak in public forum, other groups, etc.
But If we (mods) find any such activity and reported by any group member, then a non tolerance action will be taken against leaker.
So, please keep it to yourselves.

Disclaimer: There are 99% chances of your Swiggy account getting banned, so do it cautiously and with the mobile number you don't care. Also don't do high value trxns above 20k just for sake of fulfilling Magnus milestones. Not recommended.

Read this for more info:

Oops! We ran into some problems.

www.technofino.in

IMPS payment reached where? U have bank acct linked to swiggy?

 

[RewardsAlert]

Good find again @RewardsAlert. This is not limited to Swiggy, we can prepare a list of websites doing the same thing. I was able to find the same accidentally (may be 2017) when there was 5X or 10X rewards on Zoomcar with DCB. Did it few times but their is high chances of account getting blocked.

Yeah, great initiative!
Wasn't aware about Zoomcar as a merchant.
All these things are fine if done in a security limit of 10-20k to prevent trigger.

Request others to share such insightful info like @hireng and @Makkar have done.

 

[technom]

I

IMPS payment reached where? U have bank acct linked to swiggy?

Credited to the original credit card using which the payment is made

 

[RewardsAlert]

I

IMPS payment reached where? U have bank acct linked to swiggy?

It is a way of paying back your credit card.
Just like we use Cred and Paytm, someone can directly use Credit Card 16 Digits as account no and pay the dues from bank account.
CC @VISHESH_BANSAL

 

[vaibhav111vaibhav111 is verified member.]

It works like this as per my Experience with Paytm Merchant Accounts

Merchant Received 1k.
After MDR of Suppose 2%

Merchant Received 980.

Now customer ask for Refund.

Since Merchant Business Account has Balance of only 980, Merchant has to give 20 out of its Pocket to make it 1k.

that actually right i have a merchant account with both Paytm and Razorpay and 2% come from the merchant pocket

 

[Deleted member 9785]

tried for a small 3k transaction and it worked. Suggest some 10x or 20x options also hehe

 

[VISHESH_BANSAL]

It is a way of paying back your credit card.
Just like we use Cred and Paytm, someone can directly use Credit Card 16 Digits as account no and pay the dues from bank account.
CC @VISHESH_BANSAL

But Beware such IMPS Payment will get counted towards threshold of 10 Lakh🤣 not as a refund which is not counted towards threshold of 10 Lakh