Google Pay New Rule: Now Google Pay has also started charging processing fees on bill payments and recharges like PhonePe and Paytm. If you pay electricity, water or gas bill with debit or credit card, then you will have to pay a charge of 0.5% to 1% and GST
Google Pay New Rule: If you pay electricity, gas or water bills through Google Pay, then this news is important for you. Now you will have to pay an additional charge for recharging all these through Google Pay. Google Pay has now started charging convenience fee on utility bill payments. Earlier there was no charge on small transactions, but now you will have to pay a charge of 0.5% to 1% and GST on payment through debit and credit cards. However, if you pay directly from the bank account through UPI, then there will be no additional charge.
This charge will be applicable on electricity, water and gas bill payments. A year ago, Google Pay charged Rs 3 on mobile recharge and now this rule has been implemented on bill payments as well.
PhonePe and Paytm also charge
PhonePe and Paytm are already charging processing fees on bill payments, mobile recharges and other services. Now Google Pay has also adopted the same model. However, there will be no charge for direct bank transfer from UPI. On paying electricity bill through credit card from Google Pay, a customer had to pay a convenience fee of about Rs 15, which also included GST. This charge was also called processing fee for debit and credit card payments.
There will be no charge from UPI
Google Pay has a large share of UPI transactions which is about 37%. PhonePe ranks first in UPI payments, while Google Pay is second. Till January, Google Pay had processed UPI transactions worth Rs 8.26 lakh crore. Earlier Google Pay itself used to bear the processing cost, but now this cost is being taken from the users. It has been told on the Google Pay website that a convenience fee will be charged for making payment by card, whereas there will be no charge for making payment directly from bank account through UPI.
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