Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 3rd February 2017, 22:55   #106
BHPian
 
IndigoXLGrandDi's Avatar
 
Join Date: Aug 2009
Location: Solapur (MH-13)
Posts: 982
Thanked: 141 Times
Default Re: The Cashless Transactions Thread (apps, wallets etc.)

Quote:
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.
IndigoXLGrandDi is offline   Reply With Quote
Old 4th February 2017, 18:52   #107
BHPian
 
hothatchaway's Avatar
 
Join Date: Aug 2012
Location: Bangalore
Posts: 495
Thanked: 472 Times
Default Re: The Cashless Transactions Thread (apps, wallets etc.)

Quote:
Originally Posted by IndigoXLGrandDi View Post
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.
hothatchaway is offline   Reply With Quote
Old 5th February 2017, 11:14   #108
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,042
Thanked: 3,586 Times
Default Re: The Cashless Transactions Thread (apps, wallets etc.)

Quote:
Originally Posted by LonelyPlanet View Post
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%.

Quote:
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'.
sgiitk is offline   Reply With Quote
Old 22nd February 2017, 14:12   #109
BHPian
 
vamsi.kona's Avatar
 
Join Date: Sep 2008
Location: Hyderabad
Posts: 128
Thanked: 104 Times
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
vamsi.kona is online now   Reply With Quote
Old 22nd February 2017, 17:25   #110
Senior - BHPian
 
sdp1975's Avatar
 
Join Date: Aug 2009
Location: Bangalore
Posts: 1,570
Thanked: 875 Times
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
sdp1975 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
IT department tells car dealers to report transactions above Rs 2 lakh autobahnjpr The Indian Car Scene 28 31st August 2016 12:21
The wallets thread - Which one do you own joe1980 Shifting gears 32 4th April 2016 00:00
Watchout for questionable transactions by Tatasky Samurai Shifting gears 40 11th August 2011 10:46
Fraudulent transactions in the name of Kingfisher airlines in my Creditcard statement manojas Shifting gears 24 25th November 2009 23:01


All times are GMT +5.5. The time now is 23:44.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks