Fees Charged by Issuing Bank/Card Organization
(indicative in nature, subject to currency fluctuations and may be updated periodically)
|
Items |
Infini Meow Card |
Infini Woof Card (coming soon) |
Notes |
|
Cross-border Fee |
1%
|
(coming soon)
|
This occurs only when transaction take place outside the issuing country. |
|
Foreign Exchange Fee |
0% (on top of VISA/MasterCard’s foreign exchange rate) |
(coming soon) |
No fee will be charged by the issuing bank on top of Visa’s real-time foreign exchange rate. |
|
Authentication Fee
|
free |
(coming soon) |
/ |
|
Below items only apply for unsuccessful transactions involving chargebacks |
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|
Refund Fee |
2% |
(coming soon) |
Refund transactions incur a 2% fee on the total transaction amount. |
|
Reversal Fee |
$1 per transaction |
(coming soon) |
Applicable to all reversal transactions with amounts over $5. |
|
Decline Fee |
If 20% ≤ decline rate＜50%: $0.30 per transaction |
(coming soon) |
A declined transaction occurs when a payment fails due to cardholder issues, such as insufficient balance, exceeded limits, or an inactive card.
The decline rate is calculated as follows: (Number of declined transactions during T1 to T2) / (Total completed transactions during T1 to T2) * 100%. |
|
If decline rate≥50%: $0.60 per transaction |
(coming soon) |
||
|
Dispute Fee |
$35 per transaction |
(coming soon) |
Applicable for managing customer dispute transactions, including cases of fraud, and interfaces with Visa card networks. |