Digital Wallet: Charge will be given on payment of more than 2000 from April 1, know how much the cost will increase
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1.1 percent charge will be levied on receiving payment of Rs 2000 or more from platforms like Paytm Wallet. But if the payment is less than Rs 2000, then no charge will be levied. This charge will be levied on the merchant. Regular UPI payments are made directly from bank account to bank account. That’s why such payment was kept free. Explain that 99.9 percent online payment in India is done through UPI. In such a situation, it will affect very few people.
Explain that through Paytm, PhonePe and Google Pay app, instant payment is done from UPI to any other UPI app. But the money is stored in the digital wallet. After that payment is made from it. A charge will be taken on the payment of more than Rs 2000 from this digital wallet. However, it will not be charged from the user who will make the payment through the digital wallet, but from the merchant who is receiving the money from the digital wallet.
understand like this
Suppose you have paid Rs 5000 by scanning the QR code at a shop, then there will be no charge. But if you have made a payment of Rs 4000 through digital wallet by scanning the QR code, then the shop owner will have to pay the charge.
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