No extra charges on transactions made via cards at petrol pumps

10 January, 2017, 00:59 | Author: Elaine Woods

There are few reasons why there isn't an easy solution to this current problem popping up at roadside petrol pumps. "The issue will be resolved", Pradhan said here outside Parliament. The agreement between the bank and the merchant has a clause that does not allow the merchant to pass on the charge. As of now, the protest against the new transaction charges by banks has been delayed until January 13.

Petroleum dealers have said that banks such as SBI, HDFC, and Axis have communicated to fuel station owners about surcharges, and hence petrol stations stopped accepting cards.

The move by petrol pump owners will also impact the government's big push towards going cashless.

Before the government scrapped Rs 500 and Rs 1000 on November 8, customers paid a transaction fee along with a surcharge on it for buying fuel with debit or credit card.

"Government will ensure implementation of that decision", he said.

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Are charges on card payments the only problem at petrol pumps? Unfortunately, the circular does not make any reference to credit card charges or about the extra burden being passed onto the customer.

Bansal said that hey could not bear the additional charges levied by the banks. This decision was taken after a 1 percent transaction fee was applicable on card payments, which has to be borne by petrol pump owners. "The government will not bear the MDR cost". People were surprised when bunks announced that there would be no more card payments. "All these have their own share in the MDR charges".

"We have resolved this issue".

Pradhan said that there will be no additional levy on digital transaction at petrol stations even after Jan 13. "0.75 per cent cash back incentive that we have given to customers will also continue". Following the government's intervention, banks have chose to defer the decision to apply MDR tillJanuary 13. Bargaining and negotiations are going on.

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