So here’s the deal, I have linked my HDFC’s debit MasterCard on iTunes for a monthly subscription. I do realise that iTunes purchases are processed internationally.
However, recently I switched to PayTM’s new VISA debit card to make my iTunes payments. I realised for every payment on iTunes, PayTM charged ≈4% of the total purchase value as “Markup Fees for International In-Store Transaction”.
I looked it up and realised banks do charge a markup fees for international transactions. However, I have never incurred such charges with my HDFC card.
What’s the deal here? Anyone can help out with this?