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I have tried to use Amex card at Indian oil once instantly got error "Card not accepted"yesterday was renewing car insurance from HDFC online.. Amex option was not available..
Try with hpcl pumps American Express have tie up for surcharge thereI have tried to use Amex card at Indian oil once instantly got error "Card not accepted"
I think they have surcharge waiver on hpcl pumpTry with hpcl pumps American Express have tie up for surcharge there
Amex Gold has itI think they have surcharge waiver on hpcl pump
Too good if this is true
Source of this MDR chart?
Mswipe Pos machine.Source of this MDR chart?
Previously it was 3% something.Too good if this is true
Shop keepers always say amex means 2.4%
Didn't understand. Is it that VISA,MC, AMEX charge 2.9+gst on payments above 2000?The funniest part is most of the credit card they charge 2.90%+gst(Gst applicable if it is more than 2k).
So the 1.3% MDR of amex is only for grocery?Update: 1.90% Mdr on Textiles Mcc code pos machine,For grocery it is 1.30%
Actually the MDR is rates are as per Mswipe pos machine.Didn't understand. Is it that VISA,MC, AMEX charge 2.9+gst on payments above 2000?
So the 1.3% MDR of amex is only for grocery?
In Delhi NCR, most fancy places and even mid tier places accept it.The acceptance of amex in offline POS is very poor in my city, i.e., Lucknow and even their HP petrol pumps don't accept these cards, Major and Fancy restraunt chains dont accept these cards. Now I am finding difficulties for online acceptibilities as well like on pharmeasy and insurance sites as well. quite disappointed with card acceptibility till date
If full KYC is done, you can load up to1 lakh per monthDue to amex acceptability issues Iam planning to use the amex card for loading mobikwik wallet and then transfer money to my account for emi loan payment and planning to load the wallet for 70k monthly…Can anyone please let me know if there is any limit to mobikwik wallet for adding money and also will it affect the amex card which may lead to blocking of the card
The Amex option is probably turned off by the merchant.Amex declined on pine labs pos machine at croma,
Due to high MDR. Amex losing Corporate customers(Big Chains).The Amex option is probably turned off by the merchant.