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Credit Card machine

Featured Replies

We have been using KBank for 20 years now, for both online and physical payments, but their commission of 3% is too high in this age of the majority of payments going digital. 

I know that the Bank of Thailand probably has a strict control on who can and cannot provide payment services and at what commission, but has anyone heard of anything more competetive?

in the UK, the rate is 1-2% and a mate in Europe is paying only 0.8%. It makes a big difference with a high volume of payments

thanks

Lob

Huh? 3% fee to use your credit card? Maybe on foreign currency transactions but definitely not on regular purchases. Yes  there's a fee but that's between the credit card company and the merchant. It has nothing to do with you.

  • Popular Post
1 minute ago, gargamon said:

Huh? 3% fee to use your credit card? Maybe on foreign currency transactions but definitely not on regular purchases. Yes  there's a fee but that's between the credit card company and the merchant. It has nothing to do with you.

 

I think he's the merchant in this case.

  • Author
On 11/5/2025 at 5:12 PM, treetops said:

 

I think he's the merchant in this case.

Yes correct

On 11/6/2025 at 4:24 AM, scubascuba3 said:

This is probably why many places don't accept them including Makro

I'm pretty sure my wife paid by cc at makro last month

40 minutes ago, LukKrueng said:

I'm pretty sure my wife paid by cc at makro last month

can't remember which one but there is one credit card that they accept.

40 minutes ago, LukKrueng said:

I'm pretty sure my wife paid by cc at makro last month

 

I think they only accept cards issued by UOB Thailand, which is their partner (replacing Citibank).

  • Popular Post

 

Further underlines the phrase "cash is king". Merchant service providers globally are seeking a strangehold over small businesses. This is same, not just in Thailand, in the UK and many other countries. 1-2% or even more, sucks money away from the economy. Merchants have to increase prices to customers to cover this. In Thailand, many businesses will add the 3% fee to cost of transaction. In the UK and other places, it is no longer allowed to add a surcharge to card transactions. My UK business accepts cards with some cards (International Mastercard business cards) costing me about 4.5% by the time the merchant services provider has added "premium" fees. This despite headline rate to me of just 1% for domestic credit cards. Please don't stop using cash.

 

The 3% rate is not "terrible".

You are likely not going to get better than 2.5% unless you have some leverage to negotiate.

For instance, Shopify takes 2.4% to 2.9%, depending.

PayPal takes 2.99% + $0.49.

Stripe and Square take 2.9% + $0.30.

There is a decent summary here:  https://www.shopify.com/blog/credit-card-processing-fees

 

On 11/6/2025 at 4:24 AM, scubascuba3 said:

This is probably why many places don't accept them including Makro

 

Makro accepts credit cards, but only issued by UOB

8 hours ago, soi3eddie said:

 

Further underlines the phrase "cash is king". Merchant service providers globally are seeking a strangehold over small businesses. This is same, not just in Thailand, in the UK and many other countries. 1-2% or even more, sucks money away from the economy. Merchants have to increase prices to customers to cover this. In Thailand, many businesses will add the 3% fee to cost of transaction. In the UK and other places, it is no longer allowed to add a surcharge to card transactions. My UK business accepts cards with some cards (International Mastercard business cards) costing me about 4.5% by the time the merchant services provider has added "premium" fees. This despite headline rate to me of just 1% for domestic credit cards. Please don't stop using cash.

 

Please don't stop using cash.  Absolutely!

You, as a small / medium (?) business are caught between a rock and a hard place.

If you refuse cards, you'll eliminate an increasingly large percentage of your customers, but, when taking cards, you incur the expenses / hassle you described.

 

I'm in UK and I regret the law that prohibits the price differential between cards and cash. I carry cards and have Google Wallet but if it saved me money to get cash  from the bank I certainly would and if I'm too lazy to do that, well I deserve to pay the premium.

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