PanaloKO Debit and Credit Cards — Limits, Fees & Settlement
Debit and Credit Cards is a Philippine payment rail — regulation: Bangko Sentral ng Pilipinas, citing the Manual of Regulations for Banks alongside Republic Act No. 10870 and Circular No. 1003.
| Fact | Value |
|---|---|
| Operator | Two international schemes, Visa and Mastercard, sit alongside BancNet for domestic debit. Instead of the networks, individual BSP-supervised banks are the issuers of cards |
| Regulator | Bangko Sentral ng Pilipinas, citing the Manual of Regulations for Banks alongside Republic Act No. 10870 and Circular No. 1003 |
| Wallet limit | Not published |
| Per-transaction cap | Not published |
| Settlement | Not published |
| Figures as of | 2026-09 |
This part treats Debit and Credit Cards as a payment method, looking at who operates it, how it is licensed, and what it publishes on limits and fees.
Debit and Credit Cards at a glance
| Field | Value |
|---|---|
| Operated by | Two international schemes, Visa and Mastercard, sit alongside BancNet for domestic debit. Instead of the networks, individual BSP-supervised banks are the issuers of cards |
| Regulated by | Bangko Sentral ng Pilipinas |
| Wallet limit | Not applicable to this rail |
| Per-transaction cap | Not applicable to this rail |
| Settlement | Not applicable to this rail |
| Published fees | Revolving credit card balances carry a cap of 36 per cent a year, or 3 per cent a month, on interest and finance charges under BSP Circular No. 1165 of 2023, which supersedes the 24 per cent cap set in 2020. The same circular limits a cash advance’s processing fee to a flat PHP 200 per transaction and bars any additional fee. Between acquirer and merchant, merchant discount and interchange rates are a matter of commercial negotiation rather than a BSP cap, and the widely quoted percentages, which have no primary source, are left out here. |
Recorded in 2026-09, the figures here describe that moment and nothing later. Only the provider’s own page is current, since payment providers revise limits and fees without any notice.
Gambling transactions, and where Debit and Credit Cards stands on them
Neither BSP, Visa nor Mastercard has a Philippine-specific statement on gambling transactions that could be sourced. Gambling merchants are placed industry-wide in merchant category code 7995, a restricted category that needs explicit acquirer approval and that many issuing banks are described as declining by default. Its origin is general payments explainers, not any Philippine statement by the networks or the regulator, which is why it appears here only as the reason a card payment to a gambling merchant may be declined with no published rule to point at, and not as a sourced fact about Philippine cards.
Paying with Debit and Credit Cards at PanaloKO
- Start by signing in at PanaloKO, followed by opening the cashier.
- In the cashier, select Debit and Credit Cards from the list of payment methods shown for your account.
- Make sure the name on your PanaloKO account matches the name on your Debit and Credit Cards account.
- Confirm the amount only after reading the minimum, maximum and any fee shown on the cashier screen.
Your account’s live limits are displayed on the cashier screen, so check it ahead of each first deposit with a new method.
FAQ
Expect what kind of wait for Debit and Credit Cards?
Debit and Credit Cards gives no settlement time.
How do I pay with Debit and Credit Cards at PanaloKO?
Once you are signed in, the cashier lists the methods open to your account, and Debit and Credit Cards is the one to choose. Both accounts should carry the same name, and the limits displayed in the cashier deserve a look before you confirm.
What ceiling does a Debit and Credit Cards wallet carry?
This page quotes no wallet ceiling for Debit and Credit Cards, as it publishes none.
Does Debit and Credit Cards charge fees?
Published fees: Revolving credit card balances carry a cap of 36 per cent a year, or 3 per cent a month, on interest and finance charges under BSP Circular No. 1165 of 2023, which supersedes the 24 per cent cap set in 2020. The same circular limits a cash advance's processing fee to a flat PHP 200 per transaction and bars any additional fee. Between acquirer and merchant, merchant discount and interchange rates are a matter of commercial negotiation rather than a BSP cap, and the widely quoted percentages, which have no primary source, are left out here.. Providers revise these without notice.
Other payment rails explained here
| Guide | What it covers |
|---|---|
| GCash | Licensed by Bangko Sentral ng Pilipinas in the capacity of Electronic Money Issuer |
| Maya | Its status with Bangko Sentral ng Pilipinas being that of Electronic Money Issuer and registered Operator of Payment System |
| GrabPay | Licensed as an Electronic Money Issuer since 2018 by Bangko Sentral ng Pilipinas |
| InstaPay | Under the National Retail Payment System framework, supervised by Bangko Sentral ng Pilipinas |
| Over-the-Counter Cash Agents | The Anti-Money Laundering Act and, for money service businesses, Bangko Sentral ng Pilipinas |