[Postponed] Credit&Debit Cards Not acceptble from 9Jan.17 on Petrol stations in India

[Sai Jai]

BENGALURU: Petrol stations across
India will stop accepting debit and
credit cards from Monday in protest of
what petroleum dealers term an
"irrational and sudden" move by
banks to charge 1% transaction fee
on every payment accepted by card.

While the banks' move is not directly
targeted at the citizens — no new
charges to be levied on customers
using cards — it will certainly
inconvenience lakhs of vehicle
owners given the paucity of cash in
the system, if petrol stations continue
with cash-only operations.
The non-acceptance of credit/debit
cards at petrol stations comes at a
time when the Centre is pushing for
increased non-cash transactions, and
close on the heels of its
announcement of a 0.75% cashback
offer on purchase of petrol using
cards.
Read More: demonetisation: Petrol pumps threaten to stop accepting cards from Monday to protest banks' transaction fee - Times of India

 

[iSK]

RE: Credit & Debit Cards Not acceptble effect from Jan. 9th 2017-Petrol bunks in India ..

:wall

 

[Sai Jai]

RE: Credit & Debit Cards Not acceptble effect from Jan. 9th 2017-Petrol bunks in India ..

:wall

but this for us (consumer) only bro coz they protesting for 1% service charge for card payments :s:nj .. Once article published ill post here full details ..

 

[iSK]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

Got it now

 

[Sarkar]

Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

It's a typical Indian mindset. When all over the there is merchant fee then Indian merchants want it for free.

 

[Ashok L]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

Guys one doubt, I used SBI in petrol bunks, no extra charge debited other than fuel amount.
When I used ICICI Cards, in some petrol bunks some extra amount is being debited after 2 days.? Why is it so?

Any idea...

 

[Sai Jai]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

Guys one doubt, I used SBI in petrol bunks, no extra charge debited other than fuel amount.
When I used ICICI Cards, in some petrol bunks some extra amount is being debited after 2 days.? Why is it so?

Any idea...

Itz all about depends on card issuer (Master , Visa , Maestro) bro ..

 

[Sai Jai]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

It's a typical Indian mindset. When all over the there is merchant fee then Indian merchants want it for free.

coz still we are devoloping country what to do :s:nj ..

 

[rahul1117kumar]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

Petrol pumps using HDFC POS machines won’t accept credit and debit cards from Monday: Association

The petrol pump across India which are using HDFC Point of Sale (POS) Machines, won’t accept payments through credit and debit cards as the recent bank has decided to levy 1 per cent charge on every transaction made by merchant’s side. According to reports, the move has been taken by Mumbai Petrol Dealers Association and its union leader Ravi Shinde said, “most of the petrol pumps are using HDFC Point of Sale (POS) Machines.Also in Bengaluru, Petrol Pump Owners’ Association has decided today to stop accept debit and credit cards as a payment across petrol pumps in the city.

Also in Bengaluru, Petrol Pump Owners’ Association has decided today to stop accept debit and credit cards as a payment across petrol pumps in the city. This could be another issue for people across the nation who are left with no choice, rather than use credit or debit cards during a cash crunch.

Ravindra was quoted by the News Minute saying that, on Saturday the petrol pump association received a message that banks are going to levy 1 per cent transaction on any cashless transaction made at the pumps. With this decision, pump owners will face losses equal to twice the profit a petrol pump makes, argues Ravindra. He further said that considering all this they have decided not to accept credit or debit cards as a payment option.

Petrol pumps using HDFC POS machines won't accept credit and debit cards from Monday: Association - India.com

 

[ddthnewuser]

RE: Credit & Debit Cards Not acceptble from 9 Jan. 2017 on Petrol stations in India ..

Hopefully the petrol pumps accept e-wallets like Freecharge,Paytm,Mobikwik,etc.Even in my rural area, an HP petrol pump is accepting Freecharge for payments.