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(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.
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(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.
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(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 ?
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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.
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