> However, it is up to merchant banks if they want to pass on the fee hike to sellers, or absorb it themselves. Similarly, it is sellers’ discretion to pass on

> However, it is up to merchant banks if they want to pass on the fee hike to sellers, or absorb it themselves. Similarly, it is sellers’ discretion to pass on the hike to consumers or not. Of course, we know what will happen! This whole scheme is like indentured servitude. They not only get more of your money, but also sell your habits to others and make even more money creating or helping others create profiles of you. And you have no control over this as long as you take it with resignation. What consumers need is a disruption on electronic payments by moving to non-conventional non-electronic/non-digital payments (cash is a good option, but it needs to be encouraged more and made to look sexier).