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GCash cash-in now charges 2.58% convenience fee from MasterCard/VISA bank card payments

GCash cash-in now charges 2.58% convenience fee from MasterCard/VISA bank card payments

Starting July 6, 2020, card payment partners of GCash will charge a minimal convenience fee of 2.58 percent for cash-in via MasterCard/VISA bank card services. The fee is a direct charge of payment partners.

The convenience fee will be computed and will be stated in the GCash app for each cash-in via bank card transaction. For instance, a customer cashes in P100 in his GCash wallet. The convenience fee would be P2.58, for a total amount of P102.58 charged to the card.

The fee is still lower than other mobile wallets, which charge a flat rate of P30 for cash-in transactions below P1,000. GCash also provides other cash-in methods that are totally FREE, such as cash-in via linked BPI or UnionBank accounts or through a bank app or website powered by InstaPay.

GCash account holders that cash-in via their MasterCard/VISA bank cards may check their transaction histories on the GCash app or may download their transaction histories through their nominated e-mail addresses.

Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.

GCash is available for download on the App Store and Google Play. For more information, kindly visit https://www.gcash.com/.

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About The Author

Raymund Ravanera is an accomplished and experienced graphic designer with almost 20 years of creative expertise working in the graphic design industry. He loves the latest gadgets, food and movies. Currently, he owns and manages megabites.com.ph, an online technology and lifestyle blog since 2015.

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