Why is a surcharge of 2% (for ICICI Payment gateway) and 1.0% (for UBI Payment Gateway) charged on credit card payment?Add to favorites
As per the Credit card Terms and conditions, User/ Compliance seeker will have to pay a convenience fee charge of 2% (for ICICI Payment gateway) and 1.0% (for UBI Payment Gateway). These rates are shared by ICICI Bank/ UBI and your credit card Issuing Bank, against Payment gateway application upkeep and other costs. MCA doesn’t get this money.
You may use the Net banking/ NEFT option where no additional charge is levied. Alternatively, you may also use the Challan payment option to save the 2%/ 1.0% charge.Add to favorites