When I said I will pay using cash , they asked me to pay by cash else 3% extra need to be paid and the person Vikram said, If u pay cash its not in favor of you or not in favor of me too , and He took cash from me . How Can we report such cases
On Easygo.com if u purchase Airticket by ICICI CC u get some rebate. But if u r purchasing ticket on ur name, u must have ur name CC, family members name CC can not get u rebate. This is not mentioned on website, we learned it by our trial. So beware readers.....
Many of the customers are wary about merchants collecting, excess charges from them, on their purchases, and govt is doing nothing etc... etc..
But Dear friends do you know the Importance of CASH, the RBI prints cash to do business transactions, not credit cards, we have to according to Law deal in cash. so whats this credit card, Its a internal arrangement between the customer, bank and the merchant to get money for the sales heshe does with the customer.
So its like if the customer buys and cannot pay cash, be it because the customer does not have or dont want to part with his cash, or what ever the bank will pay the same to the merchant. So the bank says to give this service it has to install insturments with the merchant so that the customer can pay as they like. But the merchant must pay some thing to the bank to get that payment.
but why shall merchant pay to the bank for a genuine sale where the customer is the one who needs the product with out having cash, so after all its the customer who is benifiting and thus the customer must pay all the charges..
The banks are fooling the customers by illegally taking charges from the merchant, the banks must openly delcare what they are taking from the merchant and rather charge it directly to the customers bill rather than collect it from the merchant with out intimating the customer.
Any shop will not part with its profit just to get a customre and all who accept cc without charges have already added the same
on every bill , the due date is mentioned,followed by instructions to pay on th edue date to avoid late fee etc etc. on numerous occasions i have paid on the due date, but invariably i have been lumped with a late fee charge the following month.does due date mean that your payment should get credited or you simply pay on that dat and drop your cheque at the nearest drop box. will someone please throw some light on this Anupam
RE:due date scam
by Sugato Dutt on Dec 01, 2007 06:44 PM Permalink
The payment should be credited to your card account by Due date, i.e. you should try to give the cheque 2-3 days in advance. If you maintain this practice normally, if on occasion you are late for some reason you can request the bank to reverse late charges and they do it.
RE:due date scam
by Dhruv Pandov on Dec 01, 2007 06:52 PM Permalink
Due date means that your payment should GET CREDITED . So make sure that you drop your cheques atleast a couple of days before the due date. Cash should be dropped atleast 1 day earlier
It looks like almost all banks loot customers using their credit cards in someway... Can readers please compile a list of frauds that credit card banks commit & educate readers on how we can avaid them...
BY THE WAY, WHAT IS GOVERNMENT DOING ABOUT THESE KIND OF FRAUDS?
Friends need your help in stopping this... So please contribute & educate people like us.
I recently gave my car for service at hydundai service station at Baroda .they also charged me 2 % trasnaction fee and i had lot of arguement with them and finaly gave it up .but i have got it mentioned in my bill as additonal 2% fee. .Can I get the moey back from credit card company? I am relly fed up with the merchant and aswell the Bankers? is there any way to avoid this ?
RE:2% trasnaction charge
by munna maddy on Dec 03, 2007 05:36 PM Permalink
hi, i bought a hyundai car recently, they also asked 2% extra on cc WHEN I had to pay the final payment to receive my car. i told i wil not. they did not take and deliver the vehicle with out 2%. BARGAIN..
I had a bitter experience with credit card issued by SBI. I was phoned to take easy money draft interest free and to pay Rs199/- as fees after one month. Incidentally when I dropped the cheque in the drop box for what ever amount they asked the cheque did not get cleared. I got a doubt and I informed the customer helpline by e-mail and I checked the statement on e-net, I found that around 900/- rupees were levied as late fee charges etc. When the matter was represented they informed me the cheque dropped in the box was not signed. I questioned them when they can phone to take easy money draft why they did not inform me over phone about this as my name and phone number was on the back side of the cheque and requested to return the unsigned cheque to which they refused and have sent a xerox copy of the cheque and waived some amount as goodwill gesture. It is very clear that the Credit Card holders are being cheated very badly. I had to pay abot 600/-rupees etc on that draft of 10000--rupees which they pressurised me to take as they promised to raise the limit etc.I have henceforth decided not to FALL A PREY TO SUCH FALSE ALLUREMENTS.
Ask your credit card company to reduce the transaction cost of the merchant instead of blaming merchant.
If merchant doesn't take transaction charge, then he has to increase his product price. Which would be bad for cost conscious cash customers.
I have a shop at Mall. Where I accept credit card with out transaction fee. There are lot credit card Idiots who are willing to pay MRP price of the product at the mall.
I also have shop outside mall. Where I charge 2% transaction fee. Because in the outside shop, customers are smart. They won't buy the product at MSRP.
I am not able to understand why people like big bazaar charge transaction fees whereas the cost of some of the items are much more than your neibourhood petty shop who will even take back the items if you are not happy
