Card payment surcharge: Consumers and petrol pumps do not have to pay
According to reports, the Oil Marketing Companies will bear the transaction charge, the government has clarified.
The All India Petroleum Dealers Association (AIPDA) had said on Sunday that petrol pumps will stop accepting payments through credit and debit cards starting Monday in protest against the additional charge levied by banks on such transactions, media reported.
The decision to not accept the cards was later deferred to Jan 13 after banks deferred their decision to charge transaction fee (Merchant Discount Rate or MDR) for card payments at petrol pumps.
Following the demonetisation scheme floated in November and the push towards cashless transactions or digital payments, the government had waived the MDR for fuel purchase. But the banks decided to implement the charges after the 50-day period of banned note submission was over.
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