Globe’s GCash new rates and service fees grow ever displeasing
Every once in a while I do transactions online, mostly purchasing. Today after my hospital duty I went straight to Globe to pay in GCash for the items I bought on the internet. I was surprised at Globe’s GCash major, abrupt shift from previously low cost money transfer to high new rates and service fees.
Obviously, this is not good news.
I would usually add 1% to the total amount of money I’d pay so that my GCash recipient’s cash out would not be deducted that same percentage as GCash service fee, because that’s what it originally was. So paying PhP 3,650 today I penned 3,690 in the form; that’s 3,650 + 36.50 = 3,686.50 and rounded off to the nearest ten. To my utter surprise the lady clerk announced I have to pay 80 as service fee.
“Ang mahal na! Yun na ba bago?” I retorted with dismay, in my local dialect.
She nodded and indicated this medium-sized, countertop guideline encased in hard clear plastic.
“Pero sabi dito 40 lang babayaran ko,” I countered.
“Magkaiba po kasi ng charges per branch.”
“At ang recipient babayad pa din ng 80 for cash out?” I could tell she recognized my furrowed brows.
And so from 3,650 I perked up the amount to send to 3,730, that’s with additional 80 pesos for my recipient’s cash out: I don’t want to burden my business partner with unnecessary charges. I should be congratulated for my being thoughtful and considerate.
Alas! It looks like Globe GCash’s major shift is trying to level with the leading remittance companies. For all its very low remittance cost exactly that’s why we loved GCash, and with Globe stripping that unique benefit from us, I doubt GCash’s frequent users will look at them the same way again—ever!.
Indeed, Globe, how do we “feel good with the new GCash”? And seriously, how do “we love the way we pay” with this?
I guess it’s about time I considered other payment options. Hello bank deposits and Smart Money! Sayonara, GCash!
Now I realize all good things do come to an end. At least that’s what Nelly Furtado sings. Sigh.