Transaction Charges on E-payments
|This topic is covered in three part series titled E-payment systems in India compromising of‘ Transaction Charges E-payments’, ‘Workings of a Payment Gateway System’ and ‘Chargeback and Refunds’. |
Ever wonder, why do you have to pay ‘internet handling charges’, ‘internet tax’ or ‘service charge’ (Transaction Charge) on payment gateways while making a transaction online?
A payment gateway which is the online page where you initiate the payment and enter your card details, forms a part of the larger payment gateway network. The ‘System Provider’ i.e. operator of the payment gateway system is required to obtain authorization from the Reserve Bank of India (RBI). ReadMore
Disclaimer The views appearing in this article are those of the author and not of Alaya Legal. The author may be reached at by writing to Alaya Legal at firstname.lastname@example.org. Nothing herein is or may be construed as legal advice.