merchant discount rate Archives

You Will Soon Be Able to Make UPI Payments from an Overdraft Facility

April 16, 2023

How do you make UPI payments? 3 broad ways. Link bank account to a UPI app: Your account gets debited, and the merchant/peer account gets credited. You can only spend the money in your account. Link RuPay credit card to a UPI app: Not Visa, not Mastercard. Only Rupay card. You get credit for UPI… Continue Reading

Why Banks Offer Higher Discounts on EMI Transactions Than Outright Purchases?

Deepesh Raghaw

December 31, 2022

You open Amazon/Flipkart to purchase your favourite gadget. You notice you can get a discount if you pay using a credit card from a particular bank. And you get a higher discount if you purchase on EMIs using the same credit card. Interesting, isn’t it? Why higher discounts on EMI purchases? But first, why discounts… Continue Reading

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