Regulatory Alerts2013-05-30
Added · Updated
FEPD Circular No. 09 : Use of International Credit Cards (ICCs) for online payment
Authorized Dealers may allow cardholder customers to use International Credit Cards for online payments not exceeding USD 100 per transaction for legitimate purchases of goods and services from abroad. These online payments are limited to the cardholders' available unused annual travel quotas plus an additional amount not exceeding USD 1,000 annually. ICC holders are responsible for fulfilling any tax or duty obligations and must exercise due caution against fraud from unreliable vendors.
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