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A comment on Pix surpasses credit and debit card transactions in Brazil. Parent comment

Re:Pix surpasses credit and debit card transactions in Brazil by samarthr1 on Thursday July 27, 2023 @08:15AM (#36892317)
To register as a merchant, a reasonably large (i think) turnover is needed, in a sustained manner ( iirc a few months).

The UPI over credit card is primarily there for peer-peee merchant transactions...

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Re:Pix surpasses credit and debit card transactions in Brazil by unmole on Thursday July 27, 2023 @11:23AM (#36894976)
> To register as a merchant, a reasonably large (i think) turnover is needed, in a sustained manner ( iirc a few months).

Nope. Signing up as a merchant is simply the matter of downloading the business version of GPay or Paytm and submitting minimal KYC documents.

> peer-peee merchant

Did not understand this part.

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Re:Pix surpasses credit and debit card transactions in Brazil by samarthr1 on Thursday July 27, 2023 @04:28PM (#36899687)
Sorry, was on mobile typing that, and turns out I was wrong. The UPI over credit card is only for Peer to Merchant transactions. To be a merchant (As against a peer merchant), you must have a month over month inflow of atleast 50,000 INR, for 3 months after being onboarded as a peer-merchant. [1]

I think you were talking about registering as a peer-merchant, not a "proper" merchant! MDR etc cannot be charged on peer-merchants[1], and are essentially peers, but with restricted purpose codes that they can accept money for.

[1] https://www.npci.org.in/PDF/npci/upi/circular/2019/Circular%...

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Re:Pix surpasses credit and debit card transactions in Brazil by unmole on Thursday July 27, 2023 @08:43PM (#36901971)
The circular is out of date. Having helped people register for for GPay and Paytm business accounts, I know for a fact that this is no longer true.
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