IDFC First Bank Launched its Debit Card Reward System

[shu_sha_]

View attachment 96548
"Chatt deni mar deli khinch ke tamacha hi hi hi hans dele" this song was a long memory... But Our abdul is different Cheated on us ruined whole generation...

Ye piche wale lady ko cheat kiya hai kya Ab-shek ne 🤣

 

[Abhishek012]

Savesage reply - we are in discussions with PayU to reduce the conversion fee to 0% for payments made via RuPay Debit cards.

SaveSage Club

SaveSage helps you maximise rewards and discounts from your credit cards and loyalty programs

savesage.co

 

[harshraj013]

Hope they do it

 

[Revanth999]

Savesage reply - we are in discussions with PayU to reduce the conversion fee to 0% for payments made via RuPay Debit cards.

SaveSage Club

SaveSage helps you maximise rewards and discounts from your credit cards and loyalty programs

savesage.co

Bro whats Your Opinion will thwy do it

 

[2025]

Bro whats Your Opinion will thwy do it

Be realistic. They can't do it.

If they forcefully try to do it, in that case
1. CC bill payment option won't be there.
2. Mcc gonna change to non eligible category.
3. Banks gonna blacklist the gateway entity.

So it's better to have a option with little charges than no option at all. Pata nehi commander (@Abhishek012) sir ko kav samajh ayega.

 

[iamgroot]

Be realistic. They can't do it.

If they forcefully try to do it, in that case
1. CC bill payment option won't be there.
2. Mcc gonna change to non eligible category.
3. Banks gonna blacklist the gateway entity.

So it's better to have a option with little charges than no option at all. Pata nehi commander (@Abhishek012) sir ko kav samajh ayega.

they can ,they will..We support supreme commander🤭

 

[Rakshitk99]

they can ,they will..We support supreme commander🤭

Rupay has zero MDR so they aren't losing money. The issue arises due to heavy transaction load and people flocking to use it and also people in banking space looking to close option to not give that much reward points. Just think if you earn 2.5% on credit card bill payment + 2-5% minimum on credit Card reward points that would be huge losses to sustain. It's not the gateway or rupay which is the issue.

 

[Abhishek012]

Be realistic. They can't do it.

If they forcefully try to do it, in that case
1. CC bill payment option won't be there.
2. Mcc gonna change to non eligible category.
3. Banks gonna blacklist the gateway entity.

So it's better to have a option with little charges than no option at all. Pata nehi commander (@Abhishek012) sir ko kav samajh ayega.

Rupay has zero MDR so they aren't losing money. The issue arises due to heavy transaction load and people flocking to use it and also people in banking space looking to close option to not give that much reward points. Just think if you earn 2.5% on credit card bill payment + 2-5% minimum on credit Card reward points that would be huge losses to sustain. It's not the gateway or rupay which is the issue.

Yes, Savesage is still paying zero MDR; they are not being charged any MDR on RuPay debit cards.

The problem is simply that they have implemented it incorrectly.

There is a ‘customer fee bearing’ option, where the customer enters their BIN in the payment gateway and the gateway identifies the card network and applies the MDR charges accordingly.

But instead of doing that, Savesage has manually applied MDR on their side.

There’s another method too but for that Savesage would need to get certified by the card network, PCI DSS, etc., which would incur additional costs for them.

So the simpler method is to talk to PayU and ask them to enable the 'customer fee bearing' option.