LTF Swiping Machine with ZERO MDR

[Abhishek012]

There's a hardware shop in my city that has a current account with Canara Bank. The bank provided them with an mSwipe swiping machine at no cost. They paid nothing for the machine, no deposit, initial amount, rental, or installation charges.

They also have zero MDR for credit card payments. How it's possible? if the MDR is zero, who is covering the cost of our rewards?

Why is the bank offering these machines to large merchants instead of small ones? Large merchants typically don't worry about rentals, MDR, or device installation fees, yet they receive these benefits for free.

View attachment 54025

RBL Signature+ Debit card a.k.a world's best debit card Ever se swipe kar k 2% kama lo and 0.4% charge de do.

 

[Shubham Yadav]

Rupay master ne dekh liya h

Ab gayi vo bichari machine

gaya canara

gaya merchant loss mai

 

[Aniket]

RBL Signature+ Debit card a.k.a world's best debit card Ever se swipe kar k 2% kama lo and 0.4% charge de do.

Say, RBL Signature+ Debit card, world's best credit card Ever Ever Ever Ever....

 

[Abhishek012]

Say, RBL Signature+ Debit card, world's best credit card Ever Ever Ever Ever....

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[yusuf646]

@Abhishek012 Zero MDR if we swipe rupay credit card but chargeable if we scan & pay using rupay UPI😂😂

 

[Shubham Yadav]

@Abhishek012 Zero MDR if we swipe rupay credit card but chargeable if we scan & pay using rupay UPI😂😂


View attachment 54043

Ab toh sahi lag raha h mujhe

ek pos wala dost banana padega

 

[Aniket]

@Abhishek012 Zero MDR if we swipe rupay credit card but chargeable if we scan & pay using rupay UPI😂😂


View attachment 54043

 

[Abhishek012]

@Abhishek012 Zero MDR if we swipe rupay credit card but chargeable if we scan & pay using rupay UPI😂😂


View attachment 54043

Woh abhi kuch saal lagega. CC on UPI ko CC ki tarah treat karne me.

Umeed hai 2030 tak sab problem solve ho jayega.

7 years UPI ko diye the toh 7 years CC on UPI ko bhi de do.

Phir dekhte hai kya result aata hai.

 

[Tejo]

Woh abhi kuch saal lagega. CC on UPI ko CC ki tarah treat karne me.

Umeed hai 2030 tak sab problem solve ho jayega.

7 years UPI ko diye the toh 7 years CC on UPI ko bhi de do.

Phir dekhte hai kya result aata hai.

Ultra 3% charges like amex

 

[Humanbeing]

Ultra 3% charges like amex

Bhai vo Amex hai, Chinese express hota to Tai idhar 10% lagwati banks se. #Justforfun.

 

[yusuf646]

Woh abhi kuch saal lagega. CC on UPI ko CC ki tarah treat karne me.

Umeed hai 2030 tak sab problem solve ho jayega.

7 years UPI ko diye the toh 7 years CC on UPI ko bhi de do.

Phir dekhte hai kya result aata hai.

7 years me to mujhe lagta hai credit cards hi nahi rahenge🤣 har transaction me additional convenience fee hoga.

IDFC & Yes Bank already start kar chuke hai Utility Bill Payments me convience fee charge karna. Kya pata future me har transaction me ho🙂

 

[Abhishek012]

Bhai vo Amex hai, Chinese express hota to Tai idhar 10% lagwati banks se. #Justforfun.

RuPay express aaayega future me. 🤣🤣

 

[Abhishek012]

7 years me to mujhe lagta hai credit cards hi nahi rahenge🤣 har transaction me additional convenience fee hoga.

IDFC & Yes Bank already start kar chuke hai Utility Bill Payments me convience fee charge karna. Kya pata future me har transaction me ho🙂

Hai toh achi baat hai na, phir bhi log use karenge dekhna.

Free me agar 45/50 days ka free credit mil raha hai and 1% extra charge dena par raha hai use par toh koi kyun nahi lega.

70%-80% Indians lenge he.

Jo logo ko yeh mazak lag raha hai, Tumlog sach me Indians kaise hai nahi jante ho. Online forums, twitter k alawa bhi ek duniya hai.

Log khushi khushi 1% spend charges me 45/50 days ka free credit lenge.

 

[Rahul Gupta]

For me, the free machine is also surprising because it's a full touch screen 4G Android swiping machine, yet they got it for free wo bhi without monthly rental?

Mujhe bhi chahiye😂😂

I have hdfc pos machine at my shop and its also completely free but mdr charges are verry hdfc.

2% for cc
2.5% for buisness cc
3% for amex and prepaid card
0.9% for debit card
0.4% for rupay dc

 

[Abhishek012]

I have hdfc pos machine at my shop and its also completely free but mdr charges are verry hdfc.

2% for cc
2.5% for buisness cc
3% for amex and prepaid card
0.9% for debit card
0.4% for rupay dc

Jao Canara bank ka le lo.

Dhoom Machale Dhoom Machale.

 

[dealminer]

Say, RBL Signature+ Debit card, world's best credit card Ever Ever Ever Ever....

Isko signature me update krdo bhai.

saath me likh dena SBI UNIPAY MCC UTILITY, BEST FOR CC BILL PAYMENT, START WITH SMALL AMOUNTS. 🤣

 

[shivamk]

@Abhishek012 Zero MDR if we swipe rupay credit card but chargeable if we scan & pay using rupay UPI😂😂


View attachment 54043

Bhai Mai jin local peddlers pe CC UPI karta tha use unn becharo ke 2 percent Jaa rahe hai aaj pata chala

 

[ccdc]

who knows i'm also abusing all cc/dc on planet earth by this method....maybe not....who knows...

 

[Aniket]

Isko signature me update krdo bhai.

saath me likh dena SBI UNIPAY MCC UTILITY, BEST FOR CC BILL PAYMENT, START WITH SMALL AMOUNTS. 🤣

@dealminer jisko kehna tha usko tag karna bhul gaye lagta hai 🙂

 

[yusuf646]

Bhai Mai jin local peddlers pe CC UPI karta tha use unn becharo ke 2 percent Jaa rahe hai aaj pata chala

Haa mera bhi similar scene hua. Mai supermarket me hamesha UPI CC scan karta tha unko charges deduct hota tha they were not aware & i was also thinking ki upto 2K to free hi rahega.

Mai daily customer hu for milk, bread, snacks etc etc (super market ghar ke neeche hi hai)

But after months they suddenly asked, tu hi hai na jo rupay cc scan karta hai😂😂 maine pucha kya hua they told charge cut raha tha tere saare transactions me.

Baadme unka Paytm Merchant app check kiya to pata chala ki unhe below 2K payments me bhi charges hai (don't know why) so they disabled it. To ab mai Slice UPI scan karta hu🙂