Posts: 22,179
Threads: 6,272
Likes Received: 4,114 in 3,223 posts
Likes Given: 481
(28-01-2024, 10:39 AM)Levin Wrote: Maybe because of merchant fees.
https://www.dbs.com.sg/iwov-resources/fo...ricing.pdf
Wow 2% tax on the merchant.
Seems excessive.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
Posts: 7,720
Threads: 37
Likes Received: 1,958 in 1,832 posts
Likes Given: 564
(28-01-2024, 10:44 AM)sgbuffett Wrote: Wow 2% tax on the merchant.
Seems excessive.
Merchant can just up their price to compensate the loss.
Posts: 6,860
Threads: 867
Likes Received: 1,724 in 1,397 posts
Likes Given: 0
(28-01-2024, 10:44 AM)sgbuffett Wrote: Wow 2% tax on the merchant.
Seems excessive.
then how much does alipay n other forms of cashless payment system charging the merchants in china ?
Posts: 7,720
Threads: 37
Likes Received: 1,958 in 1,832 posts
Likes Given: 564
I think 2% is not a lot. Read article Visa Masters can go to 5% and Amex even more. Nets seem most merchant friendly at I think 0.3% This is why some merchants will say cash and Nets only.
![](https://i.imgur.com/CLvY2jA.png")
