Is there a transaction fee for receiving payments? How much is it?
Yes, ICICI Bank eazypay charges a transaction fee for receiving payments from customers. The fee charged to receive payments varies based on the payment mode. It is:
- 1.85% fee per transaction via Net Banking and Credit Cards.
- 1.18% and 0.80% fee per transaction exceeding ₹2000 via Debit Cards and UPI respectively (There will be no transaction fee charged for payments lesser than Rs. 2000).
- Rs.25, Rs.5 and Rs.2 for every transaction via Cash, Cheque and NEFT/RTGS respectively.