Why is card payment surcharge rate unique in different states?
Wondering why card payment surcharge differs among various states? Get answers to your query on this Ask Expert page.
What is card payment surcharge? Why card payment surcharge rate is different in different states?
When I purchase something in Hyderabad, the small merchants charge 1-2% card swipe or card payment surcharge after the total billing. However, in Odisha it is not at all. If you go to any small shops in Odisha and do card swipe there will be no extra charge at all, but it is applicable in Hyderabad. I want to know the reason from our members: is it really a rule in the metros or some state government rules on banking?
Experts: do clarify this.