QUOTE(adrive @ Feb 3 2024, 01:08 PM)
But wouldn’t he need to pay the retail shop the money he swiped? Unless the shop give him back the money
No, TnG allows you to withdraw to your bank account.Touch ‘n Go eWallet to charge 1% fee for all CC
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 Feb 3 2024, 02:16 PM
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Feb 3 2024, 05:51 PM
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QUOTE(adrive @ Feb 3 2024, 02:51 PM) Yes, what I mean is, no matter where the money go, the person will still have to pay it. So other than earning the cashback, how can this be an abuse? It's an abuse because there's no transaction done that benefits TnG.You top up with CC, TnG pays a fee to banks. Banks pay a reward to you. You withdraw it, TnG don't get to charge any merchants a fee like they usually do. So it's an abuse from their view. You don't pay anything at all. |
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