From June 1, 2021, a surcharge for a GrabPay wallet made using Visa credit cards will be charged $ 1.
The fee will only be waived for surcharges of $ 400 or more.
According to Grab, the new processing fee will be applied to “cover the costs charged by the service provider”.
It was claimed that there are still a number of free ways to top up your GrabPay wallet.
Users of American Express or Mastercard credit cards and all debit cards will still be able to top up their GrabPay wallet with zero processing costs.
Transfers from other GrabPay users will also not be subject to any fees.
How to top up via PayNow VPA?
PayNow virtual payment address, or VPA, is a unique identifier that can be associated with your GrabPay wallet.
Once connected, users can make PayNow transfers to your VPA from your preferred banking application – a process similar to making PayNow transfers to mobile numbers.
According to Grab, setting up PayNow VPA will allow users to unlock new GrabPay wallet features, including transferring balances to bank accounts, other e-wallets, PayNow users and GrabPay wallets.
Users will be able to make up to two transfers a day from their portable balance.
To top up their GrabPay wallet via PayNow VPA, users must first link their PayNow VPA to their GrabPay wallet.
Once they do, they can log in to their preferred banking application and enter their PayNow VPA. They can simply enter the top-up amount and confirm the transaction for instant, seamless top-up.
Credits for featured images: Vulcan Post