Payment to merchant by Credit card.
- Thread starter raj875
- Start date
Personal Finance by Nish…
KF Expert
If a merchant denies accepting payment by credit card due to charges debited in their accounts, here are some steps a customer can take:
*Customer Options*
1. *Ask for Alternative Payment Methods*: Politely ask the merchant if they accept other payment methods, such as debit cards, net banking, or mobile wallets like Paytm or Google Pay.
2. *Check for Nearby ATMs*: If the merchant only accepts cash, you can ask if there's an ATM nearby where you can withdraw cash.
3. *Look for Other Merchants*: If the merchant is unwilling to accept credit card payments, you can consider taking your business to another merchant who accepts credit cards.
4. *Contact Your Bank*: Reach out to your bank's customer care to report the issue. They may be able to provide guidance or assistance.
*Merchant Obligations*
- *Displaying Accepted Payment Methods*: Merchants are usually required to display the payment methods they accept, including credit cards.
- *Honoring Card Network Rules*: Merchants who accept credit cards must honor the rules and regulations set by the card networks (e.g., Visa, Mastercard).
*Additional Tips*
- *Check for Card Network Logos*: Before making a purchase, check if the merchant displays the logos of accepted card networks.
- *Ask About Payment Terms*: If you're unsure about the merchant's payment terms, ask them before making a purchase.
Remember to stay calm and polite when communicating with the merchant. If you're unable to resolve the issue, consider seeking assistance from your bank or exploring alternative payment options.
*Customer Options*
1. *Ask for Alternative Payment Methods*: Politely ask the merchant if they accept other payment methods, such as debit cards, net banking, or mobile wallets like Paytm or Google Pay.
2. *Check for Nearby ATMs*: If the merchant only accepts cash, you can ask if there's an ATM nearby where you can withdraw cash.
3. *Look for Other Merchants*: If the merchant is unwilling to accept credit card payments, you can consider taking your business to another merchant who accepts credit cards.
4. *Contact Your Bank*: Reach out to your bank's customer care to report the issue. They may be able to provide guidance or assistance.
*Merchant Obligations*
- *Displaying Accepted Payment Methods*: Merchants are usually required to display the payment methods they accept, including credit cards.
- *Honoring Card Network Rules*: Merchants who accept credit cards must honor the rules and regulations set by the card networks (e.g., Visa, Mastercard).
*Additional Tips*
- *Check for Card Network Logos*: Before making a purchase, check if the merchant displays the logos of accepted card networks.
- *Ask About Payment Terms*: If you're unsure about the merchant's payment terms, ask them before making a purchase.
Remember to stay calm and polite when communicating with the merchant. If you're unable to resolve the issue, consider seeking assistance from your bank or exploring alternative payment options.
TaxWiser
KF Mentor
knagar0078
KF Ace
When the most clever trick could be to use a Rupay Credit Card on UPI, you can easily pay using the QR Code and won't be denied by the merchant.
But I have noticed that it only works for the merchants who have fully completed their KYC.
In most of the tier 1 and tier 2 cities it's not a problem but for a few tier 3 cities there could be fewer chances of UPI Application saying: Mechant didn't accept Rupay Credit Card on UPI.
Actually for all other transaction types the merchant have to bear a charge of 1.5 to 2 percent and thus to avoid the charge they either charge you more or denies to accept Credit Card, Debit Card, Wallet transactions, etc.
Conclusion
Either use a Rupay Credit Card on UPI or use Credit line on UPI.
Hope this helps you and others.
Radhe Radhe
But I have noticed that it only works for the merchants who have fully completed their KYC.
In most of the tier 1 and tier 2 cities it's not a problem but for a few tier 3 cities there could be fewer chances of UPI Application saying: Mechant didn't accept Rupay Credit Card on UPI.
Actually for all other transaction types the merchant have to bear a charge of 1.5 to 2 percent and thus to avoid the charge they either charge you more or denies to accept Credit Card, Debit Card, Wallet transactions, etc.
Conclusion
Either use a Rupay Credit Card on UPI or use Credit line on UPI.
Hope this helps you and others.
Radhe Radhe
Even for rupay credit card on UPI, merchants have the facility to not accept money thru this method.
However, the regular UPI would still work.
But in this type case means payment by UPI with rupay credit card, merchant also shows their transaction of deducted charges for accepting payment by Credit card and demands for that charges also. Than what I do?
TaxWiser
KF Mentor
Any UPI payment under ₹2,000 made via RuPay credit card doesn’t incur any charges for the merchant. However, for payments above ₹2,000, regular MDR charges will apply. If the merchant is someone you know, you can consider splitting the payment into smaller parts of ₹2,000 to help them avoid the charges. If it’s a merchant you don’t know, just make your payment and move on—after all, you’ve done your part as a customer by paying, and that’s what really matters!
