Tech giant Google has begun levying a ‘convenience fee’ on bill payments made with credit and debit cards on its UPI platform Google Pay
Google Pay’s convenience fee ranges from 0.5% to 1% of the transaction value, along with the applicable goods and services tax (GST)
“The convenience fee helps cover the costs associated with processing credit or debit card payments,” said Google Pay on its FAQ page
Taking a leaf out of IPO-bound PhonePe and fintech giant Paytm’s book, tech giant Google has begun levying a ‘convenience fee’ on bill payments made with credit and debit cards on its UPI platform Google Pay.
Google Pay’s convenience fee ranges from 0.5% to 1% of the transaction value, along with the applicable goods and services tax (GST), ET reported. The platform charges customers when they’re paying electricity, television, water and cooking gas bills via debit and credit cards.
However, this convenience fee does not apply to UPI payments made directly through bank accounts.
“The convenience fee helps cover the costs associated with processing credit or debit card payments,” a post by Google Pay on its FAQ page read.
It further said that convenience fees can be subject to changes in the future, adding that the latest platform fee details are displayed at the time of payment.
It is pertinent to note that Google Pay has also been charging a convenience fee of INR 3 for mobile recharges since last year. This convenience fee applies to both UPI and card payments.
(The story will be updated soon.)
