Shopkeeper's cant charge 2 % extra on credit card payments-Says RBI

Many of us having credit card with us, We could have faced a situation when we do credit card transaction we payed 2 % extra. Shop vendors says if we use Debit card there is no charge but if we use credit card 2 extra money we need to pay from our pocket.?

Why we need to pay this money for credit card transaction ? is this right?. Why only for credit card? We have many questions like this . But answer from the bank is there is absolutely no transaction or service charge  for any transactions except IRCTC transaction


Then why they charging us?. Shopkeeper has to pay the money to the bank in order to use EDC machine . This charge is applicable for both credit card and debit card transactions. Shop keepers some how passing this to the customers.We have complaint this kind of incidents to banks.

RBI clearly say
"merchant establishments levy fee as a percentage of transaction value as charges on customers who are making payments for purchase of goods and services through cards. Such fees are not justifiable and are not permissible as per the bilateral agreement between the acquiring bank and the merchants…"

RBI adds that any such instance can be used as a strong argument by the bank to terminate its POS-linked relationship with such merchants"

We may need to fight back to the merchants not to pay extra money from our pocket.

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