jlo22
TF Neo
What were these 29k charges for ?
Also did they charge you anything as merchant penalty, as your customers and you yourself filed for a chargeback for all the cc transactions
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fiserv icici merchant services won't settle my 4.6 lakhs transaction.
- Thread starter Bhagat Singh
- Start date
Also did they charge you anything as merchant penalty, as your customers and you yourself filed for a chargeback for all the cc transactions
jlo22
TF Neo
Did you get your refund after chargeback ?
Bhagat Singh
TF Premier
Don't tell your card issuer bank that you and merchant are same. Fiserv will surely charge your mdr and some unknown charges but you don't have to pay. Once amount is reversed via chargeback close that current account in which you have taken pos.
Swapnilborse31
TF Buzz
Bro did you complain to rbi for the issue which of this 540 hold days?
Bhagat Singh
TF Premier
No and you can't complaint. It's rule made under RBI direction's only.
Every financial institution that provides payment processing services like pos machina qr code online payment gateway have similar rules
Bhagat Singh
TF Premier
Can only complain if everything is geniune and legit.
Swiping own card at own pos machine can lead to heavy penalty along with merchant deactivation
Swapnilborse31
TF Buzz
The machine was not mine so i was planning for one with the help of merchant