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Phonepe starts loot convinence fee/service charge on Recharges above 50

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https://m.economictimes.com/tech/technology/pho...

Although this is being tested for select people,KINDLY CHECK before blindly recharging the ACTUAL AMOUNT you pay and especially for those who don’t know the process & Less tech savvy people who just have learnt to recharge on phonepe blindly

Walmart group’s digital payments firm PhonePe has started charging processing fees in the range of Re 1 to Rs 2 per transaction for mobile recharges done for value above Rs 50, even through UPI. The company is the first digital payments app to have started charging for UPI-based transaction which is being offered for free by its competitors.

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Deal Lieutenant Deal Lieutenant
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Shopping Friend Shopping Friend
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This is what Paytm enjoying in Twitter.

Spearhead Spearhead
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phonepe is already the worst app.

Deal Captain Deal Captain
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We need desidime now more than ever. Every service is getting charged and convenience fees everywhere.

Helpful Helpful
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That’s really TRUE,but how long does it take others also to start charging??

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Shopping Friend Shopping Friend
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Looks like we’re going back in time.

The main and foremost purpose of apps like Paytm/Rechargeitnow/FreeCharge/Mobikwik and other websites were to offer users option to recharge by their own for free and PhonePe has broken this first principle on which these apps were established wink

Deal Hunter Deal Hunter
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Remove Aamir Khan as brand ambassador 😅

Helpful Helpful
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Why? Is aamir khan also started taking service charge

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Wishlist Champion Wishlist Champion
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Paytm new offer use code FREE to save convenience charges

Deal Cadet Deal Cadet
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I will create a new app with 1% less charges so that phonepe users down. My up.
Deal Captain Deal Captain
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Name it payphone just so that phonepe knows it’s competitor

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Finance Ninja Finance Ninja
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Isko bolte ha “Vinash Kale, Viprit Buddhi” (when one’s destruction time is near, one goes against his/her brain or stops using it). smile

Deal Cadet Deal Cadet
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bus yahi din dekhna baki tha ispe bhi charges laga do

Finance Ninja Finance Ninja
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Some people are against NPCI’s 30% Market Cap for Third Party UPI Apps.

Now they will understand, why 30% Market Cap is important.

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Deal Cadet Deal Cadet
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Yes..jus checked for 199 plan they charging 2 conv fees

Deal Cadet Deal Cadet
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Yes platform fee of 2 is being included..

Deal Lieutenant Deal Lieutenant
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It is difficult to believe that they expect customers will use their services by paying additional charges when there are so many options available to do the same at discount.
It would be better if they remove recharge option in their app instead of taking such a foolish step.

Deal Captain Deal Captain
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the game begins now.

Super Stud Super Stud
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Ek to full talktime milta nhi aur upar se ye .

Wishlist Champion Wishlist Champion
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So in short we should blame govt not phonepe

Deal Cadet Deal Cadet
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I had stopped phone pay, free charge and paytm recharge in recent months

Just hope people give a fitting boycott for such practices… To prevent other sites from. Following the same

All telecom. Co. Give min of 4% on the transactions, then why these sites are chsrging 1 or 2 Rs above that

Isn’t 4% not enough profit for the basic recharge technology investment?

Helpful Helpful
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It’s also a matter of time before they revert 4% and start charging if things are going this way….

See many not so savvy people don’t know how to recharge online other than simple upi apps as they blindly mastered the steps,while offline recharge shops have gone long back (atleast reduced from hey days) if still offline available it’s hassle of going out physically still doesn’t make sense,so the last resort would be banks and upi even for savvy people…..
So we have to forget cb atleast in future not maybe yet but eventually…

Like Magnet Like Magnet
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I don’t remember when was last time I used phone pe to recharge

I always use amazon pay or payzapp and FreeCharge for small recharges

Finance Ninja Finance Ninja
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Hey, @abhishek012 I have a question, please answer!

How do PhonePe/Google Pay UPI Platforms earns money because we don’t pay them anything!

Is it just that they just want to acquire customer base and want to launch or sell other products like insurance,investments etc!

Because PhonePe only shows ads

Finance Mentor Finance Mentor
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Free is just for time being. But when market matures they will start to charge. Until that time it is there investment for future profits.

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Benevolent Benevolent
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This days PhonePe and PayTM is only used for scan and Pay(based on merchant QR)

Recharges/utility payment – Amazon Pay rocks .
Backup option is Gpay+Ace combo.

Finance Ninja Finance Ninja
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Download phonepe app old version 4.1.19

No extra charges.

Benevolent Benevolent
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Uninstall phonepe and stop using their services. Switch to amazon for recharges. Walmart hates Amazon the most.

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