Outline ·
[ Standard ] ·
Linear+
Credit Cards What is Cross Border transaction fees ?, Charge by Visa / MasterCard
|
ytan053
|
Jul 18 2017, 05:14 PM
|
|
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?  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
|
Mar 11 2018, 06:11 PM
|
|
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 Cases1. 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 - 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
|
|
|
|
|