Safe to create & receive merchant payments for a homemaker?

[technology]

If someone is not a merchant and receives rent, is it safe to create his Merchant QR code (PhonePe, etc) and then receive rent via that merchant code into his savings account?

The payer will then get benefit of using HDFC Rupay CC on UPI. But isnt this a risk for receiver as he is not really a merchant?

 

[anilkrsh]

Merchant qr are connected to current account. Qr generated from savings account won't accept payments by CC.

 

[NShah]

Merchant qr are connected to current account. Qr generated from savings account won't accept payments by CC.

Saving account merchant qr accept rupay credit card UPI payments

 

[NShah]

If someone is not a merchant and receives rent, is it safe to create his Merchant QR code (PhonePe, etc) and then receive rent via that merchant code into his savings account?

The payer will then get benefit of using HDFC Rupay CC on UPI. But isnt this a risk for receiver as he is not really a merchant?

You can make merchant qr code and accept rupay credit card UPI but rent payments count as your income as per income tax department

 

[technology]

You can make merchant qr code and accept rupay credit card UPI but rent payments count as your income as per income tax department

Yes, the rent is completely shown and accounted for in ITR. But merchant account is created by name of Ram Food Tiffin Services (example), but incoming payments are rent payments. Is it still safe?

 

[NShah]

Yes, the rent is completely shown and accounted for in ITR. So then it is safe right?

Yes it's safe and you can make merchant qr

 

[BRB]

Saving account merchant qr accept rupay credit card UPI payments

Which application to be used to make the Merchant QR for accepting credit card UPI payments?

 

[VISHESH_BANSAL]

If someone is not a merchant and receives rent, is it safe to create his Merchant QR code (PhonePe, etc) and then receive rent via that merchant code into his savings account?

The payer will then get benefit of using HDFC Rupay CC on UPI. But isnt this a risk for receiver as he is not really a merchant?

Is you rent going to be under 2k ?

Above 2k, All merchant Service Provider will charge MDR.

And if you make multiple 2k payments, Service Provider may hold the Amount and may ask for invoices,

 

[NShah]

Which application to be used to make the Merchant QR for accepting credit card UPI payments?

Paytm and g pay

 

[BRB]

Paytm and g pay

Even if the account is Savings account, we can scan and pay through Rupay UPI?

 

[NShah]

Even if the account is Savings account, we can scan and pay through Rupay UPI?

You can make merchant qr code using saving account and it accept rupay UPI credit card.