Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsPrepaid Cards BigPay (with Mobile Application) V1, Prepaid MasterCard - CashBack & BigPoint
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 May 17 2016, 03:50 PM
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#1
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Junior Member
475 posts Joined: Jan 2003 
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It is unsustainable for the business to accept reload by credit card without any extra charge as they need to pay ~2% to ipay88/bank. Possibly they only allow reload by CC for the first time to encourage new user to activate the account.
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May 17 2016, 04:42 PM
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#2
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Junior Member
475 posts Joined: Jan 2003
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QUOTE(leo_kiatez @ May 17 2016, 03:59 PM) The extra charges is getting lower nowadays.. It is true that BNM's PCRF is lowering the MDR for our CC transactions. But for CNP(card not present) transactions, the markup charged by the gateway(like ipay88) on top of the interchange fee is the major contributor to the processing cost so it is still high compared to card-present transactions. |
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