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- Thread starter AsB
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SiddharthR
TF Legend
AsB
TF Legend
I just hope that more and more outlets install a Swiping machine, and dont want extra 1-2% from us for swiping Credit CardsMany of them might have gone from here
SiddharthR
TF Legend
imo, Many small business owners in Tier-2 &Tier-3 won't install swiping machines at their outlets because that makes smaller profits to even smaller with monthly rentals and MDR.
There's only one ruler "UPI"
AsB
TF Legend
How about Credit Cards using UPI , and bring it to all payment apps like PayTM, PhonePe and all?
SiddharthR
TF Legend
That will still be just 50 days Grace period with no rewards,
Example is PNB
AsB
TF Legend
Upto Rs 2000/- . After that , since MDR wont be free, we can get points
SiddharthR
TF Legend
In future, Merchants won't accept UPI if there is no option to disable the payment through CCUpi and will start accepting e-₹.
If there is option to disable payments via CCUpi then they will disable it.
Patil007
TF Legend
AsB
TF Legend
There is a way over it,but the Govt. needs to come up with it.
SiddharthR
TF Legend
What?
AsB
TF Legend
If the Govt. announces that one cannot offer discounts for people bringing in cash, and that the money to be charged to the customer should be the same, irrespective of the mode of payment, and make some good rules, so that they cannot be easily bypassed.
I mean, OneCard has come up with a Amex type Credit card system - that means Credit Card is booming. Only Tier 2 and 3 cities need to be in on it.
Just because merchant has UPI scanner does not mean that UPI linked credit card will work. What I understand is this....
Merchants also have to enable accepting payment via credit card linked to UPI. It is an opt in. So for a merchant who has issues with MDR will not enable UPI Credit card option, he will only enable normal bank UPI.
I don't know how many of you have noticed phonepay scanner allowing credit cards. Some merchants allow card payment via phonepe scan (via phonepay saved cards) while some merchants only allow UPI.
Merchants also have to enable accepting payment via credit card linked to UPI. It is an opt in. So for a merchant who has issues with MDR will not enable UPI Credit card option, he will only enable normal bank UPI.
I don't know how many of you have noticed phonepay scanner allowing credit cards. Some merchants allow card payment via phonepe scan (via phonepay saved cards) while some merchants only allow UPI.
SiddharthR
TF Legend
He might have just paid $8
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