No charges will be levied on the payments made through debit-credit cards on petrol pumps- Dharmendra Pradhan.

credit cards on petrol pumps
credit cards on petrol pumps

No charges will be levied on the payments made through debit-credit cards on petrol pumps

Credit cards on petrol pumps, Petroleum minister Dharmendra Pradhan said that no customer has to pay merchant discount rate (MDR), on the purchase of petroleum through credit or debit card. He also added on the topic of the non acceptance of the cards by petrol pumps that all cards shall be acceptable from January 13. There is still a discussion going on between the banks and the petrol pumps about bearing the MDR. Due to the interference of PMO in the matter, the banks, petrol pumps association and the government has putting a lot of through in the matter. For now, the collection of MDR has been halted till 13th January. Pradhan said, “The petrol pump owners would have to follow the government’s orders regarding the matter. The owners and banks should discuss and resolve the matter so that they along with their customers would not have to pay the extra charges”. The banks have notified the dealers by sending them a notice that every transaction will cost 1% charge. But the dealers are claiming to lose their margin if they pay 1% charge on each transaction to the banks.

There is still a discussion going on between the banks and the petrol pumps about bearing the MDR. Due to the interference of PMO in the matter, the banks, petrol pumps association and the government have put a lot of thought into the matter. For now, the collection of MDR has been halted till 13th January. Pradhan said, “The petrol pump owners would have to follow the government’s orders regarding the matter. The owners and banks should discuss and resolve the matter so that they along with their customers would not have to pay the extra charges”. The banks have notified the dealers by sending them a notice that every transaction will cost 1% charge. But the dealers are claiming to lose their margin if they pay 1% charge on each transaction to the banks.

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