Dealer charging 1.5% on bike purchase

[Darthvader]

I have decided to buy Himalayan 450 costing around 4.1L on road in Bangalore which includes tubeless wheels as well.

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ? I even asked for GST invoice for that extra 2% he said no that won't be in invoice.

I will try other showrooms today and see, Anybody in Bangalore was able to purchase bike with 0% MDR fees ?

 

[Batmanbaba]

No showroom will give u with zero mdr... Believe me....... Only option is to either pay the mdr or use real money in form of cash/cheque/dd/neft etc

 

[6ix9ine]

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ?

RBI guidelines? What kind of work do you expect RBI do?

Dealers don't care who you are or what you use, what matters are your negotiation skills, which seem to have fallen short.

If you really want to use CC, then look for other showrooms in your area or different city, rest is explained above.

 

[sidpsidp is verified member.]

I have decided to buy Himalayan 450 costing around 4.1L on road in Bangalore which includes tubeless wheels as well.

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ? I even asked for GST invoice for that extra 2% he said no that won't be in invoice.

I will try other showrooms today and see, Anybody in Bangalore was able to purchase bike with 0% MDR fees ?

Rbi guideline is clear- mdr has to be borne by merchant.
But card isn't a legal currency. So you can't force him to accept it.

You can do following -
1. Complain to the bank whose pos he uses. In some cases they block the machine. But they need evidence to act.
2. Complain in consumer forum that merchant passed on mdr to you. You'd like a reimbursement.

Know that in both cases , you burn the bridge. So if you plan to avail future services from that dealer( maintenance, part, referral, bike upgrade) , this is not advisable.

Many dealer accept cc payment at 0 mdr. Especially premier brands. Dealers with high value/volume transactions are more rigid. But there is a chance their banks arenot even charging 2% mdr on cc. E.g yes, idfc etc

 

[Darthvader]

Many dealer accept cc payment at 0 mdr. Especially premier brands. Dealers with high value/volume transactions are more rigid. But there is a chance their banks arenot even charging 2% mdr on cc. E.g yes, idfc etc

Thanks i will try.

 

[Dazzwilliams]

See if you can make the payment from RE official website to that particular dealer. In this case you can use your CC

 

[Darthvader]

See if you can make the payment from RE official website to that particular dealer. In this case you can use your CC

tried this only 20k it takes as booking. rest everything in showroom.

 

[drvenkat]

I have decided to buy Himalayan 450 costing around 4.1L on road in Bangalore which includes tubeless wheels as well.

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ? I even asked for GST invoice for that extra 2% he said no that won't be in invoice.

I will try other showrooms today and see, Anybody in Bangalore was able to purchase bike with 0% MDR fees ?

you can complain to the bank which issued pos

 

[Suman007]

Hey guys,
Recently I also wanted to purchase a two wheeler by Credit Card. At first the dealer said they will charge 1.75% for credit card. Then after some negotiation the guy called some guy from the pinelabs maybe and then said that for Rupay credit card there will be no charge. So will be using Rupay card for the purchase. Hopefully will not be charged for this.


Also kindly let me which card will give me more value - I have TATA NEU Rupay - 1 L limit and ICICI coral rupay 2.3 limit. the purchase will cost me around 2.5 L . Which will be the best combination.

 

[Batmanbaba]

Hey guys,
Recently I also wanted to purchase a two wheeler by Credit Card. At first the dealer said they will charge 1.75% for credit card. Then after some negotiation the guy called some guy from the pinelabs maybe and then said that for Rupay credit card there will be no charge. So will be using Rupay card for the purchase. Hopefully will not be charged for this.


Also kindly let me which card will give me more value - I have TATA NEU Rupay - 1 L limit and ICICI coral rupay 2.3 limit. the purchase will cost me around 2.5 L . Which will be the best combination.

Neu rupay card will give more rewards..but u might have to use 1 lAKH ONCE PAY THE BILL AND THEN AGAIN 1 LAKH USAGE PAYMENT AND BILL PAYMENT NAD THEN 50K PAYMENT MAD ITS BILL PAYMENT....DONT THINK HDFC BANK WILL ALLOW THAT ,MUCH AMOUNT OF USAGE

 

[akiratoriyama]

Hey guys,
Recently I also wanted to purchase a two wheeler by Credit Card. At first the dealer said they will charge 1.75% for credit card. Then after some negotiation the guy called some guy from the pinelabs maybe and then said that for Rupay credit card there will be no charge. So will be using Rupay card for the purchase. Hopefully will not be charged for this.


Also kindly let me which card will give me more value - I have TATA NEU Rupay - 1 L limit and ICICI coral rupay 2.3 limit. the purchase will cost me around 2.5 L . Which will be the best combination.

See if payment can be done in 3 transactions on 3 diff days. Then can use the rupay card otherwise use coral or apply for Kiwi.

 

[Suman007]

Neu rupay card will give more rewards..but u might have to use 1 lAKH ONCE PAY THE BILL AND THEN AGAIN 1 LAKH USAGE PAYMENT AND BILL PAYMENT NAD THEN 50K PAYMENT MAD ITS BILL PAYMENT....DONT THINK HDFC BANK WILL ALLOW THAT ,MUCH AMOUNT OF USAGE

Yes, I was also thinking the same at first. But HDFC will not let me do that.

Now I am thinking 2L from my coral and the rest by the TATA NEU.

 

[Suman007]

See if payment can be done in 3 transactions on 3 diff days. Then can use the rupay card otherwise use coral or apply for Kiwi.

I need to wait for 3 days to get the vehicle.

 

[oshan]

best approach is to do the transaction, later file chargeback for the MDR amount

 

[ccdc]

best approach is to do the transaction, later file chargeback for the MDR amount

what reason to give for chargeback for mdr amount?

 

[oshan]

what reason to give for chargeback for mdr amount?

Wrong amount charged by dealer, attaching invoice of bike along

 

[ccdc]

Wrong amount charged by dealer, attaching invoice of bike along

does this method work...do you know anyone who has got the mdr amount back as a result of filing for chargeback in this manner....also wont you burn the bridge with the dealer....since the bank will recover the chargeback aount from the dealer only?

 

[oshan]

does this method work...do you know anyone who has got the mdr amount back as a result of filing for chargeback in this manner....also wont you burn the bridge with the dealer....since the bank will recover the chargeback aount from the dealer only?

Relationship with dealer is your outlook, however this method will work if you don't wish to pay MDR
It is not getting back MDR, you are getting back wrongly swiped amount against the invoice provided

 

[drvirag]

dealer will not give bill for mdr. he will just increase the price or reduce the discount. if u insist on 0 mdr den be prepared for 0 discount. he will not charge u more than price n tax on pos machine. Those who have pos machines r intelligent enough.

 

[drvirag]

Wrong amount charged by dealer, attaching invoice of bike along

no i dont think dis will work. check the price of bike without discount.