Which transactions are affected?
The fee applies to QR payments and card transactions made to financial institutions, including:
E-wallets and payment services, such as GCash and Maya
Banks, such as BPI, RCBC, SeaBank, and GoTyme
Lending companies, such as Billease, Mabilis Cash, MALI Lending Corp and SKYPAY
Gambling platforms and services
QR payments and card transactions to stores, restaurants, and other merchants that sell goods or services are not affected. When you make a QR payment or card payment, the app first checks whether the merchant you transacted with is a financial institution. For QR payments, we use a merchant list. For card payments, we use a merchant category assigned by the payment network. For the full list of merchant categories that apply to card payments, see Which merchant categories count as cash transfers for card payments?
If the merchant is classified as a financial institution, the fee applies. If a fee applies, we will always notify you before you confirm your payment.