if tng's acquiring bank gives a good MDR deal of 0.8-0.9%, they still can cover a little bit of 0.1%

cannot

cashout must be allowed.

just up to service providers to manage the rules, risks, etc

in short, bnm lazy to setup a standardized guidelines and applied equally to all ewallets.

...yet

technically, you can't

tng ewallet is the intermediate. still kena fee first

because someone else already set the precedence (aka approved by bmm) to charge the so-called "convenience fee" for cc reload.

so, other ewallets would likely follow the trend and may have been seeking permission from bnm.

now u see the double-std of how they bend their own guidelines huh


good thing so far only capped to 1% based on market comparison. unlikely allowed to go higher.

This post has been edited by cybpsych: Feb 2 2024, 09:36 PM

withdraw is not the issue. tng is the one processing it.

cc reload is charged by tng's gateway and/or acquiring bank which processes your cards (cc/DC/prepaid)

DC/prepaid also got charge, just much lower and minimal impaxt.

are you sure auto reload/quick reload no fee from 23 Feb onwards?

lolololololol

pls show formula how to get 6-7 ringgit from 1% fee?

autoreload also reload la

their problem is the cost of reload, not how you reload.

this is for tng ewaller only

tng card kiosk reload maintain as is lor.

their problem is the cost of reload, not how you reload.

their problem is the cost of reload, not how you reload.

what bp?

CC involved, YES la

surcharge for using cc and passing down to customer is prohibited. bnm has been reminding this previously.

but somehow it can be circumvented by using convenience fee for the reload service used by providers

also, by right, any fees imposed to customers must be reviewed and approved. BNM has oversight committee monitoring these.

as usual, enforcement is none and usually they take action once they receive complaints from the public.

since tng dares to issue press statement for this 1% fee, obviously they are in compliant, therefore already approved by bnm to impose this fee.

remember, 1% fee is not their revenue. it's to cover the cost they are bearing. so, in bnm point of view, tng didn't impose 1% to make money, but to pay the reload service fee. I guess this is the grey area, by passing down their operating cost back to customers.


the only way WE can do is viral it, pressure bnm, which indirectly will pressure tng back.

depends on whether bnm want to flex their power over tng or not la.

like ipay88 and cimb fiascos, bnm just fined them and ask them to provide corrective actions. no serious penalty like CEO fined or jailed, license suspended or revoked, etc.

business still goes as usual.

obviously NOT!

tng card technology is a freaking mess created by tngsb themselves. no one will ever willing to spend time and $$ to solve tngsb own mess la.

also, 3rd parties can't earn $$ too.

not sure of these

sarawakpay?
merchanttrade/enrichmoney?
kiplepay?

boost, shoeepay, grabpay..I think possible with doing multiple hops to other apps/services...

how about current foc 1k cc reload?

still abusing and making some profit?

This post has been edited by cybpsych: Feb 3 2024, 11:31 AM

just stop or massively reduce your usage with tng ewallet lor