Mobikwik starts charging 2% convenience fees on Credit card money adding with new app update

No charges on debit card.. Update the description

above 10k or no minimum?

Yes, facing this from today..damm there was auto update of the app it seems. Now all credit card rotating money route closed it seems. Kindly suggest if anyone knows another way to rotate credit card money for milestones.

dealyogi wrote:

Yes, facing this from today..damm there was auto update of the app it seems. Now all credit card rotating money route closed it seems. Kindly suggest if anyone knows another way to rotate credit card money for milestones.

cannot add money without update

nomag wrote:

cannot add money without update

2 observations
(1) Mine mk is not auto udpated (which I was thinking in my last comment), but still charging 2% for add money
(2) Mine other mk account, which is also not updated yet, there is no charge yet for adding money via cc..

So its not about app update..its randomly charging 2% it seems and soon will roll out to all..

Alright, so I checked some devices and found that it’s still accepting cc without charges for few accounts . So if you are the lucky one, u can add money through cc and enjoy cc rewards+American express rewards.

@dummyuser

AyushiiiVijay wrote:

@dummyuser

upto 10k is free every month using credit card.
Clearly mentioned in app.

nomag wrote:

upto 10k is free every month using credit card.
Clearly mentioned in app.

paytm I think it is written, Mobikwik didn’t have any such condition previously and now with the changes I am reluctant to download the app just to check.

dealyogi wrote:

2 observations
(1) Mine mk is not auto udpated (which I was thinking in my last comment), but still charging 2% for add money
(2) Mine other mk account, which is also not updated yet, there is no charge yet for adding money via cc..

So its not about app update..its randomly charging 2% it seems and soon will roll out to all..

You might be right but they release these changes slowly. I remember some users reported that mobikwik was giving 5% on Gyftr pay GC on upi but to me it didn’t show back then but few days later. So my post is basically to warn users to avoid updating the app if that’s the case and look for alternatives or add the money now itself if they are planning to add money in mobikwik in near future.

go_gorav wrote:

You might be right but they release these changes slowly. I remember some users reported that mobikwik was giving 5% on Gyftr pay GC on upi but to me it didn’t show back then but few days later. So my post is basically to warn users to avoid updating the app if that’s the case and look for alternatives or add the money now itself if they are planning to add money in mobikwik in near future.

yes. i was not against your post. Even I was wondering why there is 2% charge in my mk, and I saw your post and resolved the mystery..But I was saying that if people thinks if they dont update app to avoid this 2% charge, then still mk will push it even without updating app..So use mk asap before 2% rollout for everyone..

dealyogi wrote:

yes. i was not against your post. Even I was wondering why there is 2% charge in my mk, and I saw your post and resolved the mystery..But I was saying that if people thinks if they dont update app to avoid this 2% charge, then still mk will push it even without updating app..So use mk asap before 2% rollout for everyone..

no, I didn’t feel that way, I was just adding something more to your thoughts, so that it becomes more clear for others who might get confused by my post or other comments. If they roll out a feature which is making them more money then they will definitely push it no matter what. The whole purpose of my post and your post also was to alert everyone

I will update my opening post with the details now.

ZitOO wrote:

strange, I have crossed more than 20k, still no charges showing, i guess we have to wait for any official overall update for all users

As now there is charge for adding money via credit card, I tried to add money in mobikwik using my HDFC and SBI DEBIT cards, but in both cards transcation getting failed (stating unfortunately error from bank side..). So CANT we add money in mobikwik using banks ATM cards? Is there any method to add money in mobikwik wallet other than UPI or Credit cards? Please suggest. TIA.

Mobikwik started charging convenience fee of 2% for payment through credit card..

All wallets are imposing convenience charges.