feedback? - bharatpe card swipe machine - any users ?

+1
anyone using pls share your experience

If MDR = 0, how are they making profit?
They will be paying at least 1% to VISA/Master CCs and banks.

Any catch here like monthly retention fee/admin fee/processing fee apart from one time fee? Are there any restriction on monthly turnover?

Kindly better to contact CC

ramadesidime wrote:

If MDR = 0, how are they making profit?
They will be paying at least 1% to VISA/Master CCs and banks.

Any catch here like monthly retention fee/admin fee/processing fee apart from one time fee? Are there any restriction on monthly turnover?

No MDR, no monthly payments.

Some security deposit is there, which will be refundable after deducting 100 RS per month for usage for each months used, upon returning machine.
Only thing is 15 days money lock period, they may be profited.
And if machine repairs, what’s the solution – is don’t know

vickyVicky wrote:

No MDR, no monthly payments.

Some security deposit is there, which will be refundable after deducting 100 RS per month for usage for each months used, upon returning machine.
Only thing is 15 days money lock period, they may be profited.
And if machine repairs, what’s the solution – is don’t know

How much is security deposit?

vickyVicky wrote:

No MDR, no monthly payments.

Some security deposit is there, which will be refundable after deducting 100 RS per month for usage for each months used, upon returning machine.
Only thing is 15 days money lock period, they may be profited.
And if machine repairs, what’s the solution – is don’t know

If we consider 12% interest , they will make at max Rs500 per 1L.
They will be paying more than Rs500 for VISA/Master and the CC issuing bank.

It will be loot, if there are no additional charges.

Hint: One can start small CC to Bank transfer kiosk in every city and make profit. Please take the machine and update the thread after using this POS machine for couple of weeks.

ramadesidime wrote:

If we consider 12% interest , they will make at max Rs500 per 1L.
They will be paying more than Rs500 for VISA/Master and the CC issuing bank.

It will be loot, if there are no additional charges.

Hint: One can start small CC to Bank transfer kiosk in every city and make profit. Please take the machine and update the thread after using this POS machine for couple of weeks.

They can change t and cs anytime right ? Like dhani card

Seems trustworthy. Giving ads with cricketers in TV.
Gonna book one

https://bharatp...m/
Site mentions BHIM UPI only and not Mastercard or Visa. Seems payment will be routed through UPI gateway
“Accept payments from any UPI app – PhonePe, PayTM, Google Pay, BHIM and 150+ others with your BharatPe QR. Payments get settled in your bank account”

vickyVicky wrote:

Seems trustworthy. Giving ads with cricketers in TV.
Gonna book one

@Astraa I don’t know Hindi, I guess while returning device, 18% of refundable amount is charged – it’s fine. And for all months used monthly charge will be captured while returning. Which is also fine…
I guess no one needs to return…. Also there is no monthly mandatory transactions have to happen kind of rule… So only deposit is charge….

vickyVicky wrote:

@Astraa I don’t know Hindi, I guess while returning device, 18% of refundable amount is charged – it’s fine. And for all months used monthly charge will be captured while returning. Which is also fine…
I guess no one needs to return…. Also there is no monthly mandatory transactions have to happen kind of rule… So only deposit is charge….

https://www.facebook.com/BharatPeIndia/re...s/

The reviews are too bad considering the support from them.

But they have invested heavily, the owner may be good but support employees may be not.

ramadesidime wrote:

https://www.facebook.com/BharatPeIndia/re...s/

The reviews are too bad considering the support from them.

But they have invested heavily, the owner may be good but support employees may be not.

Without MDR charges this is a great thing. Merchants can save a lot.
Only thing if we return monthly charges will come right! Why need to return? We can simply keep it for life time….
Device should not be fallen down, only then machine will stop working. And ink problem… What else ?! That needs to be reported to customer care…. Then how many are saying, worst service, where as service will need to be arise after usage only….
I heard they  only have limited machines and couldn’t able to allot for many, this those feedback…
What do you feel ?

vickyVicky wrote:

Without MDR charges this is a great thing. Merchants can save a lot.
Only thing if we return monthly charges will come right! Why need to return? We can simply keep it for life time….
Device should not be fallen down, only then machine will stop working. And ink problem… What else ?! That needs to be reported to customer care…. Then how many are saying, worst service, where as service will need to be arise after usage only….
I heard they  only have limited machines and couldn’t able to allot for many, this those feedback…
What do you feel ?

First thing, What is the guarantee that they would pay the money on-time, when there is no support from them?

vickyVicky wrote:

Without MDR charges this is a great thing. Merchants can save a lot.
Only thing if we return monthly charges will come right! Why need to return? We can simply keep it for life time….
Device should not be fallen down, only then machine will stop working. And ink problem… What else ?! That needs to be reported to customer care…. Then how many are saying, worst service, where as service will need to be arise after usage only….
I heard they  only have limited machines and couldn’t able to allot for many, this those feedback…
What do you feel ?

This machine is utter useless , instrument to loot buyers

drupal wrote:

This machine is utter useless , instrument to loot buyers

How are you saying ? Please elaborate what you saw/felt ?

vickyVicky wrote:

How are you saying ? Please elaborate what you saw/felt ?

for what pupose you are willing to get this machine ?
This machine has zero benefits

Anyone using this? Share your review

Worst machine ever network issue 2% card settlement charges for all cards Debit credit 100 rs depreciation per month from purchase of machine worst experience specially don’t take there loan you will get harrassed on daily payment

testsiteingforme178 wrote:

Worst machine ever network issue 2% card settlement charges for all cards Debit credit 100 rs depreciation per month from purchase of machine worst experience specially don’t take there loan you will get harrassed on daily payment

Thanks

Ramta_Jogi wrote:

Thanks

Rama, Do you believe these guys comment?
@testsiteingforme178 @drupal @Astraa
I don’t believe them. It is a good machine, without any charges. It is when you return the machine, they put charges for months used, so better not return the machine. Also I know their customer care is worst, I think no need to contact them, unless there is a fault in machine. Why I need to take loan from them, I need only machine from them.

Worst service don’t use this app all illiterate sitting in call centers just cheating public looting public money

Since it has no MDR charges can I get this machine for personal use for credit card money rotation? Anyone tried?

saikiran3463610 wrote:

Worst service don’t use this app all illiterate sitting in call centers just cheating public looting public money

It’s a good machine. Why what happened? What was your issue?

vickyVicky wrote:

Rama

I was and still am looking for a merchant side user experience of the machine or company. The BharatPe one.

HDFC is charging me Rs. 500/- monthly as upkeep charges per machine… Along with installation and minimum monthly transaction of 50k needed. But they are not giving me any tnc guidelines /document for the same.

Icici so far is cheapest. Monthly rental is waived on quartetly settlement of 50K. There is no minimum monthly fee/rental. Installation charges refunded after 3 months.

Gprs /android machine.

saikiran3463610 wrote:

Worst service don’t use this app all illiterate sitting in call centers just cheating public looting public money

May be you are wrong….. As I am using this app for more than 18 months, no problem, I have invested amount and getting 12 % interest also and for checking I have disinvest the amount thrice and invested again, every thing is fine.
The only problem is not able to get monthly statement. If they provide this also it will be so helpful.
The topic is about swipe machine as am also searching for reviews.

Bumping this up… Anyone using this machine ? I’m considering getting it and some people are telling me not to as there is a possibility of money getting stuck with them and lack of support?

the swipe machine Dynamic QR function not functioning from the start only. Many times I have contacted raised a query to bharatpe no one is attending the problem just delaying the problem. The worst thing is that they automatically flag the ticket as a resolved even if my problem is not removed. Now its been 1 month 

now they are charging mdr fees.. not free now