Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Credit Cards What is Cross Border transaction fees ?, Charge by Visa / MasterCard

views
     
ytan053
post Jul 18 2017, 05:14 PM

On my way
****
Junior Member
565 posts

Joined: Mar 2014
QUOTE(warren11 @ Mar 26 2017, 05:47 PM)
Does using SCB cards on Shopee will incur the border fee?If yes,is 1%?
*
QUOTE(simonmada @ Jul 18 2017, 04:35 PM)
From what I read, the answer is "should be", but anyone tried and verified this?
*
QUOTE(fruitie @ Jul 18 2017, 04:38 PM)
For CIMB CR, it charges 1% for Shopee. So if SCB has cross border charges, which is yes as per first post, so it will have CBC.
Anyway, why not try and let us know? laugh.gif
*
Paid Shopee with SCB Just One Platinum, there is 1% charge.

ronnie can update the cross border fee for SCB on Shopee


This post has been edited by ytan053: Aug 15 2017, 10:07 AM
ytan053
post Mar 11 2018, 06:11 PM

On my way
****
Junior Member
565 posts

Joined: Mar 2014
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.

Source: http://www.creditcardprocessing-r-us.com/C...ansaction-fees/

Reported Cases

1. Apple Store Malaysia (payment gateway in Singapore)
- CIMB
- SCB

2. LivingSocial Malaysia (payment gateway in Australia) [+0.8%]
- SCB
- HLB

3. Agoda Online Booking (payment gateway in UK) [+0.8%]
- CIMB
- SCB

4. Expedia
- CIMB

5. Dell
- CIMB

6. PayPal
- CIMB

7. AirBNB [+0.8%]
- CIMB

8. Uber [+0.8%]
- CIMB
- Citibank

9. Fave by Groupon
- CIMB

10. Shopee Malaysia
- CIMB

Banks which doesn't charge  thumbup.gif
- OCBC
- Maybank
- Ambank
- UOB
- Alliance Bank
- Citibank (@ Aliexpress)
- Hong Leong Bank
- AEON Credit
- Public Bank
*
@ronnie

Last yr I reported b4 - scb has 1% cross border fee for shopee

 

Change to:
| Lo-Fi Version
0.0130sec    0.20    7 queries    GZIP Disabled
Time is now: 30th November 2025 - 11:03 AM