3 scenarios that will clarify UPI 1.1% charges.

1-You Paytm 5000 rs to your friend using your normal UPI transaction or the wallet, there is no charge.

2- You load 5000 rs to your paytm wallet, paytm will need to pay .15% which is 7.5 rs to your bank. Now whether Paytm will pass on these charges to you is yet to be confirmed.

3- Now you go to a store and scan a paytm QR code for 3000 rs shopping from your paytm wallet. That store will need to pay up to 1.1% of 3,000 to paytm. You don’t need to pay anything. This is very similar to how credit cards work.

However if you didn;t make this payment using the wallet and used normal UPI, stores will NOT need to pay anything.

#shortsfeed #shorts #shortsvideo

свернуть