Hey I plan to reload 6012 into BigPay via CC then withdraw via ATM (2 withdrawals, 3k each)  , on the same day
will this get me banned ?
Plan to convert the 6k to 0% 12 months IPP

so far no confirm answer yet for big pay entitle spend now 4 more campaign.  Will need to wait for wk1 result..

You mean the big points app?

Makes sense! I'll bring this up in our marketing & product meeting.

We're releasing a new version of the app today. We've added a feature that allows you to split bills and request money from your friends. Example: person A goes for lunch with person B and person C. Person A pays for the entire bill, goes to BigPay and sends a split bill request to person B and person C (provided they have BigPay too). Person B and person C will receive a notification and be able to either send the money directly or deny the request. Receipt can also be added to the request for everyone to see

Now... We’re introducing a fair usage policy when it comes to credit card top up. From now on, there will be a monthly limit of RM10,000 on credit card top ups only. Top ups via debit cards and online banking remain unlimited. Why are we doing that? Because we’re committed to saving you money and making financial services fair for everyone - but certain services are costly due to third party fees.

We encourage you to continue topping up via debit cards and online banking, which will remain unlimited as said earlier. We have a lot of really cool things coming, including some features you've been asking for here on Lowyat. I'll be replying to some questions later today, but you can already start shooting...

Get additional BP cards and use credit transfer.
Get additional BP cards and use credit transfer.
Find another place to perform 8XRM60 next Monday.
Agree with you. BP now subsidise ~RM100 (credit card interchange fee) per card per month to survive/sustain, still better than RM30/50/100 subsidised by CC issuers.

RM10,000 limit for reload by credit card is fair. it is better than imposing charges for reload via credit card.
true. but if there is no limit on reload via credit card, and if there is no charge for reload via credit card, then BigPay business model in unsustainable in long run.

i rather they limit RM10,000 per month for reload via credit card. better than imposing charges for reload via credit card.

If that the case, it will be no different for merchant from WeChatPay (MDR =1%), VCash (0.8%), FavePay (x% CB back to user on same merchant), etc...Merchant will go for Boost first as it's free until this year end at least.

FOC top up RM10,000 is better than 1% charge on CC top-up.
"but certain services are costly due to third party fees" - Are you are willing to pay for the third party fee?

https://www.mastercard.com.my/en-my/about-m...nterchange.html

CC Topup: 0.931% (RM1000 top up - RM9.31 cost)
Merchant - prepaid: 0.21% or MYR 0.70 + 0.01% (whichever is lower) (cost to merchant -RM0.80* if RM1000)
* To be shared by various parties.

They are losing on margin + reward points

Startup companies just tend to burn money to gain customer traction first, like Grab. I believe BigPay also in the same boat. How to make money is a later concern

im not quite agree with that.. i believe plenty of ppl do not spend using bp or just small amount..

alot been abusing using bp to topup huge amount and withdraw out.. which bp does not get anything from MasterCard platform.

disagree from the business POV. reloading limit is to putting a certain threshold from incurring operating cost (cc fee, withdrawal fee, etc)

their limit is rm10k/month/card, not rm10k for entire userbase.

i'm actually relieved they set rm10k/month rather than lower threshold. at least it's matching their max wallet size (approved by BNM).

on certain % abusers would feel the "sting" of this revision, majority most likely fee negligible impact.

bigpay is not a charity org, although they are being heavily funded by parent company. sooner or later, they will need to recover the cost and monetize the bigpay ewallet platform.

actually only an issue to some of us who topup with credit card to maximize cc cashback. the limit of 10k only applies to cc topup. u can still topup more with other channels.

limiting withdrawal sounds very logic, but remember our cashback is at other banks loses. if not limiting the CC top up limit, how long before the banks will amend rules so all ewallet top up will be deemed ineligible for cashback? by limiting, it will be funny for banks for amend rules because of bigpay. it is good, and dont be greedy. why you want to top up with CC beyond 10k? if really wanted go beyond 10k, use ur CC.

Exactly, I'm one of the genuine spender instead instead of abusing the cashback.

the Fx conversion rate is best in country however, I'm stuck at 10k reloading limit which I've hit the limit by now as of July.

Yes. My spending on July also beyond their new threshold.

What’s the point of reloading by CASA? I can just pay by other CC.

Yes. We've actually focused a lot of our attention on building up the infrastructure and our customer support team rather than marketing in the past few weeks. You're 100% right and your concerns are legit!
You can still top up with no limit in the app using your banks debit card or online bank transfer. Why? Banks charge us fees for credit card top ups. We absorb these fees so that you can top up easily and for free. We think limiting monthly credit card top ups is a fair way for us to continue to provide a convenient top up method in a sustainable way. That's why we've introduced unlimited online bank transfer at no charge.
See my reply above!
Thanks for the support!
You can still spend and top up more than RM10K per month... The only thing we're limiting is the amount you can top up with credit card per month.
(sorry it took me some time to reply, but Tony made an unexpected appearance in our office so things got a little out of hand haha)

despite what people say in the past few pages, if you are truly only after the good exchange rate on bigpay, you would topup with online banking. it's nothing to be ashame of that most of us here are after credit card rebate despite what you say.

and besides to control abuse withdrawal, i suppose one of their concerns is the source of the income to topup? that's why some of our forumers got their card blocked, needing to provide money trail, etc. it's not about withdrawal alone.

There's something I don't understand here.

What prevents you from topping RM10k with your credit card, spend as much as you like, and then keep on topping up with your debit card or via online banking? You'll still be able to spend way more than RM10k per month with your BigPay card. We're not putting a global top up limit, just a top up limit on credit card. And there's no limit to how much you can spend with your BigPay - as long as there's money on your account.

How is that incompatible with everything you've described above? If your goal is to use BigPay for safety & FX reasons, the top up source is irrelevant.

(and yes, contactless payments are coming soon - we'll be communicating our roll-out plan in about 2 weeks from now)

using bank money as you mentioned, you still need to pay back using your own money isn't?

unless one don't plan to pay it that fast, or in full or owe it or BT or loan or etc..