Online transactions boomed during this quarantine as consumers loaded up their digital wallets. GCash and PayMaya had free cash-ins and bank transfers earlier this year to provide relief to users, but some of those fees have since returned.
Still don't know which transactions are free and which ones come with a price?
Also read:
The SPOT.ph Guide to Cashless Payments
Where to Go to Reload Your Cashless Payment Options
Here's a list of GCash and PayMaya transaction and cash-in fees:
GCASH
Cash-in
Free
- BPI
- UnionBank
- Paypal
- Payoneer
Free until end of year
- Eastwest Bank
Free until further notice
- AUB
- Landbank
- Maybank
- UCPB
- Security Bank
- PSBank
- PNB
One-peso fee
- PBCOM
With transaction fee
- BDO
- Metrobank
- RCBC
Users can cash in up to P8,000 per month over the counter for free. Anything more will be charged a 2% transaction fee.
Cash-out
Mastercard cash-outs and withdrawals are charged an extra P20. Over-the-counter cash-outs can be charged anywhere from P20 up to to P1,000, depending on the amount cashed out.
GCash to GCash transfers are still free of charge. Services such as buying load, splitting the bill, paying via QR code, paying for your online shopping, requesting and saving money, and booking movies can be done on the GCash app for free.
PAYMAYA
Cash-in
Free until further notice
- Ministop
- Unionbank
- EastWest Bank
With transaction fee
- 7-Eleven
- TouchPay
- eTap
- Pay&Go
- Robinsons Department Store Business Centers
- SM Store Business Centers
- Gaisano Capital
- Tambunting
- RD Pawnshop
- Palawan Express
- LBC Express
- ECPay
- Bayad Center
- Pos!ble
- Digipay
- ExpressPay
- iBayad
- Smart Stores
PayMaya users have a P10,000 monthly cash-in threshold. Anything beyond that amount will be charged a 1% transaction fee.
According to the PayMaya website, those who have not reached their monthly cash-in limit will be refunded the convenience fee.
Other banks and services
Adding money via InstaPay and PESONet will follow the bank's charges. Bank transfers, Western Union, and Smart Padala partner transactions will also be charged a corresponding fee.
PayMaya to PayMaya transactions are free. Billers may charge transaction fees for bills payment done in-app.
Reportr.world. Minor edits have been made by the Spot.ph editors.
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Source: Spot PH
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