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Credit Cards CIMB Bank Credit Cards v3

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yorae9
post Nov 14 2015, 03:04 PM

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It seem quite high fee either card or taobao credit card payment processor.

I bought item at taobao during 11nov.
Amount post date:13nov15
Mastercard exchange rate @13nov15:0.685808
Total amount (include shipping) in CNY yuan:CNY 50
total amount without border fee without card fee:
0.685808x50=MYR34.2904
total amount with border fee (0.8%) without card fee:
34.2904*1.008=MYR34.5607
amount appeared in mastercard:MYR36.01
So, card fee is MYR 1.4493 = 4.193% ??? (fee)
(1.4493*100/34.5607 which is 4.193%)
Anyone can confirm me how calculation is?

This post has been edited by yorae9: Nov 14 2015, 03:30 PM
yorae9
post Nov 14 2015, 03:32 PM

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QUOTE(mamamia @ Nov 14 2015, 03:19 PM)
Normally bank fee only 1-5%, n cross border fee only applicable for payment via MYR but to foreign merchant.
*
it seem i made a mistake, forgot add on CNY 5 for shipping.
Now more make sense. fee is around 4.2% blush.gif

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