LIC Merchant -Here’s What You Will See

Incredibly, if you pay LIC Merchant by Networking, there is no cost! Not a heck of a lot - A RSI. Loading 12 + SST in RSI. 10000 transaction cost less than the time it takes to complain. But the concept - pricing which was controlled to be free - that counts. RIB should encourage banks to take action. Banks charge these fees to LICE when using debit cards and frame Visa / Mastered. LIC Merchant then charge you that rate. They will tell you that it costs them money.

However, any payment mechanism has a cost. Bounce or have errors in them checks. Cash management has a cost (now change, forward / backward to deposit banks, ensuring that there is no flight ). Even LICE payments Networking cost something. In this context, LIC Merchant it is not clear why they want to charge customers for the payment of credit card or debit card, when they can easily absorb the cost. In addition, debit cards do not even need to hit the frame Mastered / Visa - must connect only through networks Repay RIB and ICP, therefore, are not given money ( and cost savings for LIC Merchant consumers).

RIB needs to be done is telling banks to eliminate LICE as a trader, unless the costs absorbed debit cards. But as we see, the penalty is only for small traders. When a large company like LIC Merchant done bad things, they all look the other way.