Do banks charge anything from shopkeepers for giving them credit card facility?



Some shopkeepers like jewelers, in electronics shops, charge additional 2% over the price of the commodity if we pay thru credit card and the reason told is that they are charged by banks for this.Is this true or are they fooling the customers? Yesterday I bought a mobile phone and paid by credit card & the same happened to me.Have I been fooled?If yes, what action can I take against this?

Do banks charge anything from shopkeepers for giving them credit card facility?
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3 Replies to “Do banks charge anything from shopkeepers for giving them credit card facility?”


  1. Usually, the banks do not charge any amount from the sellers rather sellers charge a maximum of 2 percent from the customers while using credit cards if you buy jwelleries and electronics.


  2. It is true, the Banks charge 2% of the amount you pay vide your credit card. But usually, the malls and big shopkeepers do not charge that amount, if they have a signboard saying “Credit cards accepted”





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