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Old 3rd February 2017, 22:55   #106
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

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Originally Posted by hothatchaway
Did the dealer warn you that you would be charged extra for using debit/credit card
I was told by both the dealers (Spares and Tyre) about the extra charges. But I think these charges should be waived by GOI to promote Cashless Transactions.
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Old 4th February 2017, 18:52   #107
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

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I was told by both the dealers (Spares and Tyre) about the extra charges. But I think these charges should be waived by GOI to promote Cashless Transactions.
In such cases, it is not the gubbermint but these unscrupulous dealers who are loathe to absorb the charges which come with having an infrastructure to offer digital payment options to customers; they should not be passing this on to the customer. For some others, they pay lip service to digital payment while encouraging cash transactions to fly under the tax radar. I know that many service and spare dealers perpetuate this practice, whenever possible its best to take your business elsewhere.
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Old 5th February 2017, 11:14   #108
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

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The banks are just being greedy charging % based on amount of transaction.
Its not that the cost of the transaction changes for the bank if you transfer Rs 1 or Rs 100.

Get it to a flat fee of Rs ~1 / swipe and all will be happy (minus the bankers).
Sorry mate, this is the universal practice. What does happen is that bulk customers, like OMCs negotiate a discounted rate. Typically the charge is something like 1% each for the two banks, and the Card Co., though now I hear that the card co is only 0.5%.

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Originally Posted by hothatchaway View Post
In such cases, it is not the gubbermint but these unscrupulous dealers who are loathe to absorb the charges which come with having an infrastructure to offer digital payment options to customers; they should not be passing this on to the customer. For some others, they pay lip service to digital payment while encouraging cash transactions to fly under the tax radar. I know that many service and spare dealers perpetuate this practice, whenever possible its best to take your business elsewhere.
Was there everywhere, but abroad the merchant charges vanished, as competition took over. remember, the merchant also saves in cash handling, and bill management. Of course over here he probably curses the buyer since it ceases to be 'black'.
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Old 22nd February 2017, 14:12   #109
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

Another initiative from the government in its drive towards improving electronic payments systems. Government has launched BharatQr Code a payment system using QR codes. The best part or uniqueness of the App is that it is inter-operable i.e., you can pay a merchant who has PayTM even if you have some other payment system. In essence a merchant can have just a single payment QR code displayed and get payments from multiple other systems.

http://www.thehindu.com/business/Eco...le17339300.ece
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Old 22nd February 2017, 17:25   #110
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

With all the reports of fake 2K notes coming in , it's better to stay cashless. I heard somebody got a bogus 2K note from an ATM.

Here's another bizarre report of fake 2K notes with "Churan Patti" embossed on the notes.

http://www.indiatimes.com/news/india...ia-272048.html
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Old 5th May 2018, 11:11   #111
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

I wonder how robust and well tested the new payment methods like UPI are. I paid for a railway ticket using UPI and later cancelled it - haven't received the refund in a month. IRCTC says they've refunded the amount and my bank says they haven't got anything. I regularly face technical errors while using UPI on PhonePe.

Any software system needs to be well designed , coded and tested , needs to be maintained and that certainly doesn't appear to be the case with UPI. All this costs money . The end users end up being the guinea pigs.

Debit and credit cards have been around longer , and their usage costs more - but they are probably more robust than the new gen payment methods.
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Old 6th May 2018, 19:18   #112
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

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I wonder how robust and well tested the new payment methods like UPI are. I paid for a railway ticket using UPI and later cancelled it - haven't received the refund in a month. IRCTC says they've refunded the amount and my bank says they haven't got anything..
I am sorry to hear such incidence. But I'd be curious whether the fault lies on IRCTC side, bank side or with UPI protocol. I have been using UPI protocol very regularly in most of my personal and professional payments and haven't faced a single problem till date.

UPI allowed me to write my own software to automate payments. I find it to be a very innovative platform.

While debit and credit cards have been around for long, and are fairly robust, even they occasionally run into problems. I for one closed my ICICI Bank credit card over one such disputed transaction. I was shown as having ordered Rs 500 worth of chocolates which I neither did (not even in my wildest of dreams!) nor received. But that apart.
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Old 6th May 2018, 19:31   #113
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Default Re: The Cashless Transactions Thread (apps, wallets etc.)

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I am sorry to hear such incidence. But I'd be curious whether the fault lies on IRCTC side, bank side or with UPI protocol. I have been using UPI protocol very regularly in most of my personal and professional payments and haven't faced a single problem till date.

UPI allowed me to write my own software to automate payments. I find it to be a very innovative platform.

While debit and credit cards have been around for long, and are fairly robust, even they occasionally run into problems. I for one closed my ICICI Bank credit card over one such disputed transaction. I was shown as having ordered Rs 500 worth of chocolates which I neither did (not even in my wildest of dreams!) nor received. But that apart.
I don't think the UPI reconciliation process is robust. I see circulars for banks from NPCI introducing additional error codes , asking banks to do reconciliation on a daily basis etc. Some banks apparently don't even follow these well intended circulars ! I also see numerous complaints specifically with IRCTC UPI refunds/transaction failures on twitter. Also , I guess the reconcialiation process is outsourced by banks to the cheapest IT vendor , consequently software quality takes a hit.

A friend once told me of a delayed NEFT transaction story. It was a diwali weekend , and there was a backlog of transactions and a file got truncated during transfer due to it's large size leading to delayed payments. The point here is the quality of software that gets deployed. NEFT is supposedly a very robust platform.

In the end it's not just a single but a combination of several factors - fundamentally economic and social - that leads to these problems .

Last edited by sdp1975 : 6th May 2018 at 19:36.
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