https://www.desidime.com/comments/permalink/9987226
This is a very good step, hope other banks will follow and also charge 1% on wallet spend and education spend.
Flipkart like ecom site also use education and wallet merchant category.
Now imagine, you purchased AC, TV etc. worth Rs 30,000 from Flipkart and merchant category tag wallet.
There will be no problem for you to pay Rs 300 extra but think about it how profitable will it be for the banks. If each customer will pay 1% extra.
Then gradually banks will start charging 1% on all merchant categories.
The customer will not have any problem in paying 1% extra in the long run.
This will be a win-win for everyone.
by every card issuers
🏻
tell me now how to make pickle of that card
1 sec
1 minutes
1 hour
1 day
1 year
Cant you see even our life is getting devaluated ?
Aur aap credit card per ruke huye ho ?
This is a very good step, hope other banks will follow and also charge 1% on wallet spend and education spend.
Flipkart like ecom site also use education and wallet merchant category.
Now imagine, you purchased AC, TV etc. worth Rs 30,000 from Flipkart and merchant category tag wallet.
There will be no problem for you to pay Rs 300 extra but think about it how profitable will it be for the banks. If each customer will pay 1% extra.
Then gradually banks will start charging 1% on all merchant categories.
The customer will not have any problem in paying 1% extra in the long run.
This will be a win-win for everyone.
Then people will return to use Bank accounts for payment lol and Wallets will be ditched xD hehehee