E-wallets such as GCash and PayMaya have made it easier to accomplish financial transactions at the comforts of your home. Unfortunately, these digital payment solutions require additional fees before fulfilling transactions. To help you gauge which one is ideal for your needs, we've compared the service fees of GCash and PayMaya for cash-ins, bank transfers, and sending money. UPDATE (July 8, 2020): We recently obtained new information about Globe and PayMaya's fees and services. Author's note: We've based the fees found from the official websites of PayMaya and GCash. [table id=1476 /] Sending Money When transferring money to another account on the same platform, both do not charge fees to users. Since PayMaya is a sister company of Smart, it supports remittance through Smart Padala with an additional 1.5% service charge that must be shouldered by the sender. Bank Transfers For transferring funds to other bank accounts and e-wallets via Electronic Fund Transfer services such as InstaPay and PESOnet, both have waived their fees as the country continues to fight with the coronavirus pandemic. Meanwhile, PayMaya offers free top-up via BPI and BDO online and mobile banking. Read more in our articles including "GCash vs PayMaya fees: Which one costs more?" and "BPI postpones implementation of new transaction fees to January 2019".
E-wallets such as GCash and PayMaya have made it easier to accomplish financial transactions at the comforts of your home. Unfortunately, these digital payment solutions require additional fees before fulfilling transactions.
To help you gauge which one is ideal for your needs, we've compared the service fees of GCash and PayMaya for cash-ins, bank transfers, and sending money. UPDATE (July 8, 2020): We recently obtained new information about Globe and PayMaya's fees and services. Author's note: We've based the fees found from the official websites of PayMaya and GCash. [table id=1476 /] Sending Money When transferring money to another account on the same platform, both do not charge fees to users.
Our coverage of PayMaya fees includes: "GCash vs PayMaya fees: Which one costs more?"; "BPI postpones implementation of new transaction fees to January 2019"; "SM Store goes cashless with PayMaya". Each article provides unique insights and information.