New Globe GCASH Transaction Fees Starting August

Good news to all GCash subscribers! Cash in to your GCash wallet account for free starting August 1, 2012. Remember, it is only free if you will deposit funds into your own account. If you will remit money to other GCash subscriber, you will be required to pay the transaction fee. Also, starting August 1, all GCash outlets (Globe Wireless Center, SM Department Store, Local Pawnshops, Local Stores etc.) will be required to follow the new pricing guideline (See image below). This is a great move for Globe. If you are aware, not all GCash outlets have the same rate. Now that GCash will implement a new guideline for the service fees, you can ensure that you will pay just the right amount.

GCash of Globe Telecoms releasd a new detailed pricing guide for all GCash transactions.
Will I pay more comes August 1? The answer depends on the outlet that you’re usually doing GCash transactions. Currently, GCash outlets have their own service rates. They are charging fees ranging from 1% to 5%. Let’s take this as an example. Let’s say you will deposit PHP1000.00 to a friend’s Gcash wallet and the outlet charges 5% service fee. The total amount that you will pay including the fee is PHP1050.00. Comes August 21, the fee would only be PHP20.00 so you’ll save PHP30.00. If the outlet charges only 1% of the total amount, you will pay PHP1010.00 in total. The new service fee for cash-in transactions will be applied in cash-out transactions also.

A new service rate will be applied for sending money using your phone. Currently, you can send money free of charge and pay just the PHP2.50 airtime fee. Comes August 1, you will be charged an additional fee based on the total amount you’re sending. For example, you will send PHP5000.00 to a friend’s GCash wallet, there will be an additional PHP50.00 charge. The fee will be debited from your GCash wallet and not airtime balance. This has a big impact to those who always transfer funds. If you’re an online seller who keeps on receiving payments, then you’re safe from the required fees unless you cash out frequently.

Lastly, together with the new pricing guide, the standard PHP2.50 fee will no longer be charged on your airtime balance when doing GCash transactions on your phone like sending GCash, buying prepaid load, paying bills or tuition fees.

UPDATE:
- 2/8/2013 Globe lowered down transaction fee for sending money through mobile phone. Click this link for details.

  • Anonymous

    nyak. goodbye gcash. tatanggalin ko na rin ang option na yan for my online shop. bank deposits na lang. at least may interest pa.

    BAD MOVE GLOBE! YOU SUCK BIG TIME!

  • chinx21

    anong good news dito??? heller! ala ng kwenta tong gcash! mas mabuti pa smartmoney! dahil sa fees nyo nawawalan na kayo ng customer! gahaman kasi kayo sa charge! no. 1 suki pa naman ako ng gcash dati .ok sana ung dati nyong charge tapos biglang ganto? ibalik nyo nlng sa dati!

  • bluemooner

    Why would anyone pay P800 to send P39,000.00 to somebody else? They can send the same amount or more via bpi or bdo and not pay a cent. Globe gcash is getting greedy.

  • laney

    80 pesos daw eh 3000 lng bnayaran ko 100 yata siningil and globe office talaga

  • Urban Decay

    It is not a GOOD news. It’s actually a pain in the ass to online sellers who use GCash as mode of payment for their transactions. BOO for Globe.

  • michael

    this new rate sucks i can’t believe globe really did this shit now were all fucked up ,got to change “smart money” good way to start come , fucking capitalist

  • bryan

    this no good news this is hell’s shit

  • FUCK U GCASH

    SHIT NEWS !

  • melissa

    i use GCash to stay away from interbranch fees (imposed on banks) when i send payment for online purchases. now i have to minimize or totally stop G-Cash..it’s an added expense.

  • baby

    ako din, ayko na mag gcash, grabe magtaas ng charges,,, super kayo!!!!

  • baby

    smartmoney na ko,,, 3php lang cash out… mawawalan kayo ng customer sa ginagwa nyo…

  • grabekaGLOBE

    ANG MAHAL!

  • smart

    tae ka GLOBE

  • smartmoney

    wala na ngang masyadong gumagamit ng gcash….. dahil sa ginawa mo lalong WALA NA!

  • aiza

    …..globe over naman!!! sana revert to old rate na lang,,,2nd day pa lng feel q na ang effect..almost all of my customers online are asking for bank account na…

  • elton

    I totally did not see this coming. Globe has become too damn greedy! I’m switching to Smart Money first thing tomorrow!!!

  • misspink.eshop

    WTF is this!!! yaman nyo(globe) na. taasan nyo pa charges! goodblye globe! hello smart!

  • emeraldgeisha

    Grabe! I thought it would be convenient for me to use GCash since i do it thru mobile and that i don’t have to go to banks for payment/remittances.. well, super naman ang increase sa charges niyo. Kahit sa pagwithdraw sa BPI ATMs, ang laki ng charge!!!

  • http://twitter.com/agila2009g ernesto castro

    funny thing is, the advisory sounded like its good news. speaking of misleading advertising!!!

  • http://twitter.com/agila2009g ernesto castro

    pinagmamalaki nila na libre mag encash sa sariling gcash wallet. cnung cra ulo ba mga encash sa sariling wallet. kaya ka nag gcash para magpadala or magbayad ng bills…

  • http://twitter.com/agila2009g ernesto castro

    dati gcash akong mag load ng eload site ko. now deposit na lang sa bdo or bpi and inform the site via fax or email. credit was done in less done 30 mins. not bad. goodby gcash

  • YOLEM SAIRA

    GOODBYE G CASH… WALANG TATALO SA SMARTMONEY….

  • Judy

    Thank you for doing this sh*t! Now you lose customers!

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