GCash waives QR transaction fees for micro-merchants

GCash is helping micro-merchants by waiving QRPH transaction fees and merchant discount rates (MDRs) for those who use the scan-to-pay service until the end of 2023.

In addition, micro-merchants have access to an increased wallet limit of up to P500,000 per month and the 1.5% transaction fee waived up to P100,000 in gross sales.

This is a significant move since e-wallets and other payment platforms charge fees as high as 2% for the use of their cashless transaction services such as QR-based and card payments.

GCash’s commitment to making this service free will help micro-entrepreneurs earn a little extra for their families through safe cashless transactions.

“For GCash, making this service free means micro-entrepreneurs can earn a little extra for their families through safe cashless transactions. We are committed to working with our micro-entrepreneurs to achieve their business goals in the digital economy,” said Ren-Ren Reyes, the President and CEO of G-Xchange, Inc.—the mobile wallet operator of GCash.

Micro-merchants such as sari-sari store owners, public market vendors, and online sellers can benefit from GCash’s scan-to-pay service, which enables faster tracking of payments received without imposing any additional cost.

GCash says it is committed to working with micro-entrepreneurs to achieve their business goals and bring more micro-merchants into the digital economy.

The company has already empowered 845,000 small-scale community merchants with various digital financial solutions, and together with its partners, it will equip micro, small, and medium enterprises (MSMEs) with the right tools and products to grow their businesses safely and conveniently.