TrueMoney blocks foreign Credit/Debit cards from April 24, 2024

[george]

5 minutes ago, SportRider said:

 

Revolut is great.  Multiple accounts in any currency you like.  Instant creation of electronic debit cards and link to any currency.  Make 'burner' cards for one-time online purchases. 

Add a card to Google Wallet. 

 

So to answer the question - tap my phone. 😄😄

 

 

 

TrueMoney has also blocked Revolut on April 24.

[connda]

11 hours ago, Moonlover said:

I never use cash in 7/11. Truemoney wallet always.

Works until the internet goes down, or your phone breaks, or you forget to charge it, or your phone gets a virus, or Truemoney gets hacked, I could go on but why bother.

Cash is king.  And 7/11 is where I break my 1000 THB bills for change.

[connda]

3 hours ago, Ralf001 said:

 

Same here.

 

Not a chance will I use any kind of app on my phone that links to my credit or debit accounts.

I spent 24 years in IT.  Part of maintaining a server farm is understanding and implementing server and operating system security.  Granted, OSs like Android and iOS were just coming on the scene when I took early retirement, but you could easily see that these OSs were literally built to harvest user data and they were not built to be "locked down" by the end-user seeking security. Then you have to trust developers and whatever proprietary code they are using in their applications - like banking applications.

Buggy non-secure OSs on your phone + questionable financial applications = good-bye money.

No thanks.

[JimTripper]

My foreign card was blocked on the PEA app. I need to pay at the 7-11 now.

Edited May 1 by JimTripper

[george]

14 minutes ago, JimTripper said:

My foreign card was blocked on the PEA app. I need to pay at the 7-11 now.

 

Thanks for info.

 

Seems like foreign cards are frowned upon everywhere in the country now. What could be the reason?

 

 

[BritManToo]

1 minute ago, george said:

 

Thanks for info.

 

Seems like foreign cards are frowned upon everywhere in the country now. What could be the reason?

 

 

They hate us?

[Ralf001]

3 minutes ago, george said:

 

Thanks for info.

 

Seems like foreign cards are frowned upon everywhere in the country now. What could be the reason?

 

 

 

Likely to do with the new income tax regs, less work for them to check money being brought in... Force every to transfer to a Thai bank account !

 

[Mike Lister]

As member @eisfeld wrote earlier, "Both Visa and Mastercard have cross-border transaction fees or different interregional interchange rates", which means this is a cost cutting exercise at a time when the Baht is quite weak so those charges are expensive.

[Mike Lister]

1 minute ago, Ralf001 said:

 

Likely to do with the new income tax regs, less work for them to check money being brought in... Force every to transfer to a Thai bank account !

 

The 40 million tourists will think that's a great idea! How to kill tourism in one step.

[Ralf001]

Just now, Mike Lister said:

The 40 million tourists will think that's a great idea! How to kill tourism in one step.

 

The tourists that don't open true money wallets and pay their utility bills with a credit card ?

[Mike Lister]

5 minutes ago, Ralf001 said:

 

The tourists that don't open true money wallets and pay their utility bills with a credit card ?

The broader question was asked about why foreign credit cards were disliked, "Seems like foreign cards are frowned upon everywhere in the country now. What could be the reason"? 

 

I'm pretty sure this is a charging issue, it's highly unlikely to be a tax issue at this early stage in the proceedings..

[scubascuba3]

1 hour ago, SportRider said:

 

Revolut is great.  Multiple accounts in any currency you like.  Instant creation of electronic debit cards and link to any currency.  Make 'burner' cards for one-time online purchases. 

Add a card to Google Wallet. 

 

So to answer the question - tap my phone. 😄😄

 

 

minimum 200 baht in 7 Eleven, that's half the shop

[scubascuba3]

35 minutes ago, JimTripper said:

My foreign card was blocked on the PEA app. I need to pay at the 7-11 now.

why haven't you got a thai bank account?

[khunjeff]

11 hours ago, eisfeld said:

 

Both Visa and Mastercard have cross-border transaction fees or different interregional interchange rates.

 

8 hours ago, soi3eddie said:

 

This is correct. I have a merchant account for my business that accepts Visa/Mastercard/AmEx. Fees for local cards are 1.2%. The international fees for accepting foreign cards are 2.75 to 3%. AmEx is 1.9% for all cards.

 

 

Thank you for the correction - that's very useful information.

[sungod]

13 hours ago, george said:

 

How do you pay at 7-Eleven if you don't have cash and no TrueMoney app?

 

I dont, just go to the shop next door instead.

[Digitalbanana]

13 hours ago, george said:

How do you pay at 7-Eleven if you don't have cash and no TrueMoney app?

I thought 7-11 took QR code payments off a mobile phone? Haven't been in one for a while so could be wrong?

[george]

5 minutes ago, sungod said:

 

I dont, just go to the shop next door instead.

 

The other shops doesn't have the toasted Ham & Cheese sandwich 😎

[george]

1 minute ago, Digitalbanana said:

I thought 7-11 took QR code payments off a mobile phone? Haven't been in one for a while so could be wrong?

 

No, they don't.

[JimTripper]

55 minutes ago, george said:

Thanks for info.

 

Seems like foreign cards are frowned upon everywhere in the country now. What could be the reason?

I'm thinking it has something to do with global CBDC's on the way. Increased scrutiny of bank accounts (especially in the Usa), new taxes, countries are hoarding gold at record rates, etc. It's above my pay grade, so just guessing.

Edited May 1 by JimTripper

[digbeth]

13 hours ago, george said:

 

How do you pay at 7-Eleven if you don't have cash and no TrueMoney app?

 

They accept cards for over 200 baht, foreign credit cards works there still

 

the only reason to use true money app linked with credit card is to circumvent their not accepting cards for purchases below 200 baht

[george]

5 minutes ago, digbeth said:

 

They accept cards for over 200 baht, foreign credit cards works there still

 

the only reason to use true money app linked with credit card is to circumvent their not accepting cards for purchases below 200 baht

 

And to pay for 7-Eleven delivery, as I like to pay with app, not with cash.. 

[Ralf001]

36 minutes ago, george said:

 

The other shops doesn't have the toasted Ham & Cheese sandwich 😎

Very valid point.

Hence I always ensure there is cash in the sky rocket before entering.

Went into my local 7 this morning to buy some prickly heat for me boys..... walked out with ham cheese toasties as well !

[Neeranam]

13 hours ago, george said:

 

How do you pay at 7-Eleven if you don't have cash and no TrueMoney app?

Hi George, Can I just download this app on my phone? Is it easy to use/top up?

[george]

19 minutes ago, Neeranam said:

Hi George, Can I just download this app on my phone? Is it easy to use/top up?

 

Yes, easy after you have been approved with ID etc. Download it to your phone from your Appstore and try it.

[Neeranam]

5 minutes ago, george said:

 

Yes, easy after you have been approved with ID etc. Download it to your phone from your Appstore and try it.

Thanks, I will. 

[The Fugitive]

1 hour ago, george said:

 

The other shops doesn't have the toasted Ham & Cheese sandwich 😎

Mrs only brought me two today. Usually four.

[george]

3 minutes ago, The Fugitive said:

Mrs only brought me two today. Usually four.

 

That's Love 💗

[sungod]

1 hour ago, george said:

 

The other shops doesn't have the toasted Ham & Cheese sandwich 😎

 

I'll give you that one!

[Ralf001]

29 minutes ago, The Fugitive said:

Mrs only brought me two today. Usually four.

 

she gave you a reason to not talk to her, god bless.

[Bill97]

1 hour ago, The Fugitive said:

Mrs only brought me two today. Usually four.

She gave me the other two.