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Schedule of Charges

Schedule IV of Merchant Establishment Agreement

Details of Fees and Charges

S.No Fees/Charges Amount (including % of interest imposed, if any)
1. Per Transaction Charges As mentioned in the Merchant Enrolment Form
2. Annual Maintenance charges/Monthly Maintenance Charges/Half Yearly
Maintenance Charges
As mentioned in the Merchant Enrolment Form
3. Cross Border Transaction Fee As mentioned in the Merchant Enrolment Form
4. Installation fee As mentioned in the Merchant Enrolment Form
5. Merchant Settlement Account Change Fee Rs 1,000
6. Merchant Business Name Change Fee Rs 1,000
7. Chargeback Retrieval Fee Rs 600
8. Late Payment Charge Rs 250
9. Transaction Statement Fee Rs 100 Per Month Statement
10. Merchant Misconduct related Closure Fee Rs 10,000
11. Termination Fee 24 Months of MMC/AMC OR Rs. 10,000 whichever is higher
12. Device Damage Fee Rs 5,000 for mPOS
Rs 12,000 for G3N &s; G3
Rs 18,000 for N Series
13. Security Processing Fee Rs 1,000 Per Transaction
14. Investigative Fee Rs 1,000 Per Transaction
15. Non-Performance fee (Failing to reach card transaction volume Rs 30K per month) will be debited from settlement amount Rs 150
16. Setup fees is not refundable.
17. Deactivation charges (if any).

Above prices are exclusive applicable taxes

 

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