I was buying a bike. I asked whether my AXIS Bank debit card would work for payment. The merchant said that let him try and he would tell me. I handed the debit card to him. Suddenly he comes back to me by saying that the card is working and he has deducted the price of bike. I noticed that the amount is price of bike plus 2-2.5% extra. I asked the reason. He explained something. Then I said I don't want the bike and I will come with cash or check some other time. He said no u can't do that. Even if you want to withdraw the trasaction you have to pay that 2.5% which has gone. In such cases what is the suggestion for me?
RE:Transaction fee on my debit card
by on Nov 22, 2007 07:36 PM Permalink
dont sign charge slips for cards which have been swiped without your consent regarding the price
RE:Transaction fee on my debit card
by durgam kumar on Nov 22, 2007 07:09 PM Permalink
He can not do like that. First he has to inform u to the extra percentage chargable. Then only he can go for swipe ur card. Even after swiping ur card he can void ur transaction on his credit card accessing machine. For u to reverse back the credit amount in ur credit card account u have to wait some days in some cases billing date. So, he can not refuse to void ur transaction.
RE:Transaction fee on my debit card
by Abhijit Chaudhuri on Nov 22, 2007 07:35 PM Permalink
Do not Sign the transaction slip.Call up the bank and say that the said transaction is disputable and put it on hold. The bank has to roll back the money if you do not sign on the slip. If you do not sign but they still do not refund the money, you can go to court.
