Jan 8 2024, 11:29 AM
QUOTE(kienhuia @ Jan 8 2024, 04:32 AM)
My worried is about loading money to the card with Cr Card 
- replied from wise as below
When you set up a transfer and choose a payment method - credit card, on the review you will see the total fee we are going to charge you.
However, the bank that issued your card might charged an extra fee — often called a ‘cash advance’.
Some banks charge an extra fee when you use your card for a transfer. It works like this:
When you pay for your transfer, Wise assigns a number called a Merchant Category Code (MCC) to your payment. MCCs help financial institutions categorise the kind of payment they’re processing.
Wise passes this MCC on to your bank — it’s always 4829 or 6012, which indicates that your payment is a ‘wire’ or ‘money order’.
Once the MCC we’ve assigned reaches your bank, they can choose how to charge for it. Some banks charge a fee for certain MCCs.
For instance, banks sometimes charge your transfer as a ‘cash advance’ or ‘cash withdrawal’. And this could come with an extra charge.
Wise doesn’t support this practice. But unfortunately, we have no control over it. It’s totally at the discretion of the bank that issued your card.
To check, whether this applies to you please call your bank and check how they charge for the MCC assigned to your payment.
If they’ve charged it as a cash advance or cash withdrawal, ask them why — and explain that the payment was not cash-related. They may be able to help.
if you are loading money into you Wise using credit card, your card issuer will be charging you a cash advance fee because you are not doing a purchase, you are actually doing a virtual cash withdrawal from your credit card and moving it into your Wise card - replied from wise as belowWhen you set up a transfer and choose a payment method - credit card, on the review you will see the total fee we are going to charge you.
However, the bank that issued your card might charged an extra fee — often called a ‘cash advance’.
Some banks charge an extra fee when you use your card for a transfer. It works like this:
When you pay for your transfer, Wise assigns a number called a Merchant Category Code (MCC) to your payment. MCCs help financial institutions categorise the kind of payment they’re processing.
Wise passes this MCC on to your bank — it’s always 4829 or 6012, which indicates that your payment is a ‘wire’ or ‘money order’.
Once the MCC we’ve assigned reaches your bank, they can choose how to charge for it. Some banks charge a fee for certain MCCs.
For instance, banks sometimes charge your transfer as a ‘cash advance’ or ‘cash withdrawal’. And this could come with an extra charge.
Wise doesn’t support this practice. But unfortunately, we have no control over it. It’s totally at the discretion of the bank that issued your card.
To check, whether this applies to you please call your bank and check how they charge for the MCC assigned to your payment.
If they’ve charged it as a cash advance or cash withdrawal, ask them why — and explain that the payment was not cash-related. They may be able to help.
Wise is defined by the card schemes to be sending MCC 60xx to the card issuer, these MCCs are all those ATM, manual and quasi-cash (gambling) withdrawals hence you will be charged a cash advance fee by the issuer, not Wise
This post has been edited by kenji1903: Jan 8 2024, 11:35 AM
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