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Credit Cards What is Cross Border transaction fees ?, Charge by Visa / MasterCard
idoblu
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Nov 8 2014, 10:50 PM
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QUOTE(ronnie @ Sep 22 2012, 11:20 PM) Visa and MasterCard now charge a cross border transaction fee even when no currency conversion occurs. This relatively new fee - “cross border transaction fee” (MC) or “International Service Assessment (ISA) fee” (Visa) – was initiated by Visa and MC to ‘fight’ usage of the international credit card processing network when no currency conversion occurs. » Click to show Spoiler - click again to hide... « Source: http://www.creditcardprocessing-r-us.com/C...ansaction-fees/Reported Cases1. Apple Store Malaysia (payment gateway in Singapore) - CIMB - SCB - HLB 2. LivingSocial Malaysia (payment gateway in Australia) [+0.8%] - SCB - HLB 3. Agoda Online Booking (payment gateway in UK) [+0.8%] - CIMB 4. Expedia - CIMB 5. Dell - CIMB 6. PayPal - CIMB Banks which doesn't charge - OCBC - Maybank - Ambank - UOB - Alliance arrgghh...i did read this but forgotten about it. now i just charge my iphone/ipad purchases using CIMB card. darn! i should have use my MBB This post has been edited by idoblu: Nov 8 2014, 10:51 PM
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jerryching
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Nov 21 2014, 11:18 AM
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New Member
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alexwsk
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Nov 21 2014, 02:46 PM
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QUOTE(jerryching @ Nov 21 2014, 11:18 AM) i use public bank card no cross border fees
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DarReNz
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Nov 21 2014, 09:23 PM
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QUOTE(alexwsk @ Nov 21 2014, 02:46 PM) i use public bank card no cross border fees yeah good to use mbb, pbb, aeon cards all no fees
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TSronnie
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Nov 23 2014, 12:37 PM
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Does Citibank charge Cross Border if purchase from Apple Store Malaysia (Online) ?
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pisanq
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Nov 23 2014, 01:06 PM
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QUOTE(ronnie @ Nov 23 2014, 12:37 PM) Does Citibank charge Cross Border if purchase from Apple Store Malaysia (Online) ? no cross border fee using citibank cc at aliexpress
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DarReNz
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Nov 23 2014, 03:44 PM
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QUOTE(ronnie @ Nov 23 2014, 12:37 PM) Does Citibank charge Cross Border if purchase from Apple Store Malaysia (Online) ? u should update the first page with the mentioned banks
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midnight_plue
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Dec 9 2014, 04:36 PM
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Getting Started
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seems like i gotten myself the wrong card CIMB cash rebate and should have opt for maybank! >.<
cancelling CIMB pronto since i do my purchases mostly online and in foreign currencies. ugh.
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adele123
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Dec 9 2014, 04:39 PM
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QUOTE(midnight_plue @ Dec 9 2014, 04:36 PM) seems like i gotten myself the wrong card CIMB cash rebate and should have opt for maybank! >.< cancelling CIMB pronto since i do my purchases mostly online and in foreign currencies. ugh. you mean online AND foreign currency right? this fee is charged if online (gateway outside malaysia) BUT local currency... doesn't apply to you?
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midnight_plue
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Dec 9 2014, 04:46 PM
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Getting Started
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QUOTE(adele123 @ Dec 9 2014, 04:39 PM) you mean online AND foreign currency right? this fee is charged if online (gateway outside malaysia) BUT local currency... doesn't apply to you? yup, online and foreign currency. use a lot of paypal and buy stuff from international locations, so... don't see it's use to me now. LOL local wise i buy mostly from lelong, or those indie online seller, not applicable for the cross border fees d
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adele123
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Dec 9 2014, 05:26 PM
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QUOTE(midnight_plue @ Dec 9 2014, 04:46 PM) yup, online and foreign currency. use a lot of paypal and buy stuff from international locations, so... don't see it's use to me now. LOL local wise i buy mostly from lelong, or those indie online seller, not applicable for the cross border fees d if paypal, and not MYR, you don't have this cross border fee... cause already incurred charges due to forex.
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midnight_plue
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Dec 9 2014, 05:38 PM
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Getting Started
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QUOTE(adele123 @ Dec 9 2014, 05:26 PM) if paypal, and not MYR, you don't have this cross border fee... cause already incurred charges due to forex. oh! okay~ that means got the 2.5% forex charge right if i read previous post correctly... the 2.5% forex charge all banks also got this charge right?
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adele123
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Dec 10 2014, 09:13 AM
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QUOTE(midnight_plue @ Dec 9 2014, 05:38 PM) oh! okay~ that means got the 2.5% forex charge right if i read previous post correctly... the 2.5% forex charge all banks also got this charge right? best if you refer here
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twho
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Dec 27 2014, 06:47 PM
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I kena the 0.8% with CIMB card when i bought from XIAOMI So, it's CIMB and a few other that charges this?
How do they categorized them as cross border transaction.
This post has been edited by twho: Dec 27 2014, 07:02 PM
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ronron
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Jan 31 2015, 11:41 AM
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Bought iPad at Apple malaysia website, item shipped from Apple singapore. Purchased by my SCB credit card. Net price same as website no extra charges.
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boonhan
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Feb 1 2015, 12:54 PM
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Purchase item from http://www.qoo10.my/got any border charge? Using CIMB cc. This post has been edited by boonhan: Feb 1 2015, 12:54 PM
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luke00
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Mar 6 2015, 12:05 PM
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Getting Started
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what about Lazada? got charge?
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cadmus
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Apr 21 2015, 09:30 AM
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Purchase from Mi Malaysia. Paid using Paypal, link to my CIMB credit card. When it is published in my CC account, extra charge of 0.8%...
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TSronnie
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Apr 21 2015, 11:17 AM
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QUOTE(cadmus @ Apr 21 2015, 09:30 AM) Purchase from Mi Malaysia. Paid using Paypal, link to my CIMB credit card. When it is published in my CC account, extra charge of 0.8%... Reported previously by other forummers too... too bad
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DarReNz
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May 21 2015, 09:18 AM
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QUOTE(twho @ Dec 27 2014, 06:47 PM) I kena the 0.8% with CIMB card when i bought from XIAOMI So, it's CIMB and a few other that charges this? How do they categorized them as cross border transaction. when the payment gateway is outside of malaysia you'll get charged
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