What are the best alternatives for QR code payments in Thailand apart from TrueMoney?

@Waqar *******

It looks like in your case the cost is not at the Thai side but at your country, isn't it possible for you to use something like Wise?

Who charges the 4% international fee and 5% tax?

For Wise I pay far less than 9% and get a good exchange rate.

Does Moreta even work for QR Promptpay to private users? Or is it just like Alipay only for business accounts?

Banks don’t actually hold most of the money. They make their money by lending it out and charging interest on those loans. The cash you can withdraw from an ATM is only a tiny fraction of the total money in the system — and the cost of operating ATMs is insignificant compared to how much banks earn by lending out customers’ deposits.

As for transaction fees, those are paid by the merchant, which is completely standard in business. It’s simply part of operating costs. The goal is to complete the transaction, not to avoid a small processing fee. Yes, some businesses choose to accept cash to save the 2–5% charged by payment providers, but in most cases it’s still better to accept the payment than lose the customer altogether.

Your comment isn’t quite accurate, but no hard feelings. Have a nice day.

@Khun *****

You are right with some facts about banks and how they earn money, but you draw the wrong conclusions.

Banks indeed make money with loans, but that does not change the fact that payments cost money.

Thai citizens as account holder pay in general for these loans, so no need to charge high ATM fees, as a customer on average they pay a lot to the bank.

The foreigners, even with account will not have the loans and insurances, so the bank can not pay the ATM costs from other earnings from those customers, so they just have to pay for what they use.

And about transactions fees, you are right, they are paid by the merchant, but in this case of the 30 transactions limit it is about transactions withou a merchent.

For merchants Truemoney does not have a limit.

The problem is in Thailand a lot of sellers using QR Promptpay are no business user, but just use a private account, and then they don't pay fees.

Same logic again, somebody has to pay, when Thai bank account holder the bank gets money from other services.

Truemoney will have profit from transactions with merchents because of the frees and give 30 free private transactions to attract customers.

But True will have to pay for those transactions and cannot charge a merchant, so has to charge the customer.

So befoere you say my comments are not right, maybe first think and do some research.

@Luit ****************

I like your fantasy world...

@Khun *****

Nothing to do with a fantasy world, payments just cost money and somebody has to pay for it, maybe you live in a fantasy world where this is free.

@Luit ****************

so why do Thai People only pay 30 baht for the "convience" lol. In Europe its as easy as counting to 3 to open a bank account but here its near impossible if you dont speak Thai.

swallowalot7630 In Europe it is easy to open a bank account when you are a citizen and have the necessary documents, just like it is in Thailand.

In Europe it is not easy to open a bank account as a tourist, just like in Thailand.

Main difference is that in most European countries it is not possible to live there on a tourist visa, even with a 5 year multi entry Schengen visa, you can only stay 90 in 180 days.

But in Thailand the DTV as tourist visa can be tricked to live in the country because they did not limit it like a lot of countries.

And the 30 baht for account holders is because the bank get the money in another way, most Thai have loans to pay to the bank.

swallowalot7630 Has nothing to do about speaking thai.

swallowalot7630 Plenty of European countries have limitations on who can open a bank account.

And opening an account in Thailand is not at all dependant on your skills in Thai. 😛