Want to Know about charges on UPI Rupay Credit card transaction

alishasyed

KF Rookie
I have recently made a UPI transaction of 50000 using Rupay credit card but for Merchant Rs 1121 deducted as transaction charges

Does anyone has an idea on UPI Rupay credit card charges
 

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17ysaurabh

KF Mentor
I have recently made a UPI transaction of 50000 using Rupay credit card but for Merchant Rs 1121 deducted as transaction charges

Does anyone has an idea on UPI Rupay credit card charges
Did you exceed your credit card limit?
What kind of merchant payment was this?
 

ShavirB

Founder
Staff member
I have recently made a UPI transaction of 50000 using Rupay credit card but for Merchant Rs 1121 deducted as transaction charges

Does anyone has an idea on UPI Rupay credit card charges
Was the Merchant based in India or Outside India? Also was the payment made online or on POS Machine?
 

ShavirB

Founder
Staff member
In India only and mode of payment through QR scan only
Strange. This rules out the possibility of this being Currency Conversion Charges or MDR (usually applicable on POS machines).

Will have to dig a little deeper on this
 
The charges could be -
1) 1.1% fees is charged when UPI Rupay Credit card transaction is done , and when the amount is more than 2000 and its born by the merchant. (
2) Transaction processing fee - Payments accepted through RuPay credit cards over UPI may attract a processing fee which includes applicable taxes. This processing fee will be deducted from the settlement amount and it varies from seller to seller and from transactions to transaction

these 2 might be the reason for the transaction deduction
 

ShavirB

Founder
Staff member
The charges could be -
1) 1.1% fees is charged when UPI Rupay Credit card transaction is done , and when the amount is more than 2000 and its born by the merchant. (
2) Transaction processing fee - Payments accepted through RuPay credit cards over UPI may attract a processing fee which includes applicable taxes. This processing fee will be deducted from the settlement amount and it varies from seller to seller and from transactions to transaction

these 2 might be the reason for the transaction deduction
Chances of it being 1.1% fees for UPI credit card is low, as these charges are not supposed to be borne by customers (merchants pay for this). Additionally @alishasyed has been charged 1.90% + GST for this transaction.
 
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