Announcement: Zero transaction fee on Indian debit cards.
Hello everyone,
Good news for Indian customers!
In a move to encourage businesses to go cashless, the Indian Government on Wednesday has ordered banks to completely waive the merchant transaction fee on debit card payments until December 31. This is a welcome move in line with the recent demonetization of currency notes, and would make it easy for merchants to urge their customers to transact online.
The transaction fee on online debit card payments which earlier used to cost a merchant around 2 percent, is now absolutely free. Refer this article to learn more about the announcement.
Our recent Indian payment gateway partner, Razorpay, is already on board with this move.
You thus have added incentive to integrate your Zoho account with Razorpay, and accept online payments easily and efficiently. You can learn more about the Zoho-Razorpay integration here.
Your suggestions and feedback are welcome :)
Cheers,
Abid
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