DCC Markup charges by Axis Flipkart Credit Card
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Last updated by: kartikxxx
Dynamic Currency Conversion (DCC) is a service that may be offered by a Merchant or Acquirer that enables a Cardholder – when travelling abroad or making a transaction that is not in their billing currency – to choose whether their transaction should be completed in either the local currency or their billing currency.
List of Cards on which DCC will be charged:
- Flipkart Axis Bank Credit Card - with effect from 5th March, 2023.
- IndusInd Credit Cards - w.e.f. 6th April, 2023.
- Sbi bpcl card
- Icici card
Same happened to me. Its because of new rules are implemented fir fk axis cc. From this month, all paytm wallet loads will hit us with gst and dcc markup
Fk axis charged me this DCC markup for flipkart purchase. Don`t know what they are doing
WTF! ..... so many changes for all banks credit card these days..
will stop using my FK Axis card for now.. having 2.5 L limit.. but until axis and flipkart gives clarity on this.. better stop using guys.
can any one ask flipkart and axis on Twitter???
Yes, same happened with me.
I added 4,000 rs. in paytm wallet via zomato and next day I was charged with DCC markup charge of rs. 40 + rs. 7.2 GST.
Was planning to test 100txn on wallets to see where cb is still coming, but looks like its useless now untill they rectify this stupidity of foreign entity registration
They charged dcc markup fee on D mart and IKEA order transactions.
Hahaha dcc charged for Myntra transaction. Is it because Myntra is registered hq abroad or something? Although i received message 5% cashback for Myntra transaction. Let's see.
@getready @guest_999 @MrKool_JJ naya tamasha
What's this DCC?
AFAIK, Markup is only for intl txns
Ye bank k liye best line hai mera - ye chor tha/hai/rahega
Used on FK for genuine purchase yesterday, can't see any DCC charges yet. Main Txn is under processing, will update if any dcc charges hit me.
Me too done on flipkart, will reflect tomorrow
#Axis After 05march2023 t & C changes New scheme of bugs with DCC charges from each cashback they will make money in axis cards kindly confirm all axis cards suffering with same or only with #flipkart_axis card .
Right now myntra, flipkart & zomato merchants category all marked as DCC category transaction after settlement.
Myntra, Flipkart are linked with Wallmart
#Axis After 05march2023 t & C changes New scheme of bugs with DCC charges from each cashback they will make money in axis cards kindly confirm all axis cards suffering with same or only with #flipkart_axis card .
Right now myntra, flipkart & zomato merchants category all marked as DCC category transaction after settlement.
Recently found something else what's happening? @guest_999
Repost
Dynamic Currency Conversion (DCC)
I also got some 40rs DCC charges
Visit the above link, same issue.
Ab ye kya naya बखेड़ा hai?
Kop ka mahaul hai
i made a trans. of 237 rupees on mobikwik, DCC markup charges 2.37+0.43
Requesting op to add a list where all dcc is being charged basis the comments. I hope issue is limited to this card as of now
I also got charged dcc markup for buying groceries from more supermarket
I think since its new system is charging on many transactions eventually they will exclude indian merchants day by day, and reverse the fee charged by systems or u need to complian and get reversed.
Axis bank k liye best line hai sab ka aur mera - ye chor tha/hai/rahega 😣
Nice move, hope other banks will also follow. 😜😜
These rogues are charging it randomly. Local pharmacy transaction and reliance smart point transaction were marked for DCC
Transaction done by me at Vishal Mega Mart also charged for DCC.
They charged me DCC for 1mg transaction on tataneu
I contacted cc. They said it will get reversed in 10 days
This is where everyone should put their foot down and complain to RBI. This is not acceptable and ridiculous. DCC for local transactions? Even if it was levied erroneously, Axis Bank, IndusInd Bank or whoever let this "accident" happen should apologize.
Which wallet did u load?
AFAIK DCC markup fee is charged only for international transactions.