Who will Pay the UPI Transaction Charges? - Mendix Forum

Who will Pay the UPI Transaction Charges?


As of 1 April 2023, an additional interchange fee of 1.1 % will apply to transactions made by merchants (the person or company receiving the payment) using prepaid payment instruments (PPIs) – wallets or cards.

An interchange fee is the fee that the receiver bank or payment service provider charges the merchant.

In simple terms, the charge will happen if a customer has a wallet from one company and pays a merchant who has a wallet from another company.

However, there are no fees for normal customer transactions or UPI payments from the bank account to the bank account.

1 answers

It will always either on customer or merchant . The platform providers like mendix , wordpress , etc has no role to play