Does using SCB cards on Shopee will incur the border fee?If yes,is 1%?
Credit Cards What is Cross Border transaction fees ?, Charge by Visa / MasterCard
Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards|
|
 Mar 26 2017, 05:47 PM
Return to original view | Post
#1
|
 
Junior Member
168 posts Joined: Nov 2011 
|
|
Quote|
|
|
|
|
Dec 7 2017, 03:43 PM
Return to original view | Post
#2
|
|
Junior Member
168 posts Joined: Nov 2011
|
Hi,may I ask if using SCB card for Paypal (paying in USD) have any cross border fee charged or not?
Even if no cross border fee,there is a mark up fee of 1%? Thanks |
|
|
Dec 7 2017, 05:21 PM
Return to original view | Post
#3
|
|
Junior Member
168 posts Joined: Nov 2011
|
QUOTE(laymank @ Dec 7 2017, 04:15 PM) based on post #1, it's very likely you will be charged cross border fee. I did a online chat with a SC person.what is that 'mark up fee' of 1%? are you referring to the cross border fee?  He mention cross border and mark up is 2 different thing. Mark up fee is charge as long the merchant is registered oversea. I have doubt with his explanation,thus seeking help here. Thanks |
|
|
Dec 7 2017, 08:13 PM
Return to original view | Post
#4
|
|
Junior Member
168 posts Joined: Nov 2011
|
QUOTE(mamamia @ Dec 7 2017, 07:00 PM) Every bank will charge transaction fee for credit card payment in foreign currency.. but u won’t be able to c as they converted directly in MYR, so u can only assume their FX Rate is higher.. generally it is 1-2% higher Thanks.For cross border fee, u can see the difference. Eg, u make online txn in MYR with oversea merchant, ur OTP shown RM10, but ur bank will charge RM10.10, the 10cents is 1% cross border fee. So conclusion Paypal (oversea merchant) transaction using USD (foreign currency) have cross border fee charged by SCB or not? |
|
|
Dec 7 2017, 08:20 PM
Return to original view | Post
#5
|
|
Junior Member
168 posts Joined: Nov 2011
|
QUOTE(boonhan @ Dec 7 2017, 08:17 PM) Cross border fee occur only when local currency transact in foreign gateway. thank you very much to u and everyone that help out on the explanation.Which in ur case, only have charge the conversion fee by visa/ master. U not spending in local myr. No border charge. |
| Change to: |  0.0154sec
 0.81
 7 queries
 GZIP Disabled
Time is now: 1st December 2025 - 10:37 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.