What is the foreign payment fee for MOCA?

MOCA Foreign Payment Fee for Grab Services in Vietnam

Mobile Online Card Acceptance (MOCA), a leading mobile payment provider in Vietnam, has introduced a 4% foreign payment fee on Grab services for cards not issued in Vietnam. This fee, inclusive of Value-Added Tax (VAT), applies solely to the transaction amount, excluding any tips.

Impact on Foreign Cardholders

This fee will affect individuals using foreign-issued credit or debit cards to pay for Grab rides in Vietnam. The fee will be charged in addition to the base fare and any applicable taxes.

Example Calculation

If a foreign cardholder makes a Grab payment of 100,000 VND, they will be charged a foreign payment fee of 4,000 VND (inclusive of VAT). The total payment amount would be 104,000 VND.

Reason for the Fee

MOCA explains that the foreign payment fee is necessary to cover the additional costs and cross-border exchange fees associated with processing payments from cards issued outside of Vietnam.

Alternatives for Foreign Cardholders

Foreign cardholders may consider using other payment methods, such as cash or locally issued cards, to avoid the foreign payment fee.

Conclusion

MOCA’s foreign payment fee is an important consideration for travelers and individuals using foreign cards to pay for Grab services in Vietnam. By understanding the fee and its implications, users can make informed choices about their payment methods.