Neither Consumers, Nor Fuel Stations Have To Pay Surcharge On Card Payments: Government

A day after tension sparked after petrol stations said they will not be accepting cashless transactions, the government has sorted out the tension.

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A day after tension sparked after petrol stations said they will not be accepting cashless transactions, the government has stepped in to clear out the heat.

The government has said that neither consumers, nor fuel stations will have to pay surcharges for card transactions, but oil companies will have to bear the cost.

Fuel stations had earlier said they will accept credit and debit cards till January 13, 2017, a day after most bunks refused to accept card payments, after banks started to levy transaction (MDR) charges.

In a bid to promote cashless transactions, the government had informed banks to waive off Merchant Discount Rates (MDR), post demonetisation.

After the 50-day window was closed, fuel pump owners made a move that worried customers, but thanks to the government's timely intervention, the confusion is now sorted.

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