8K8 Debit and Credit Cards — Limits, Fees & Settlement

This page is about Debit and Credit Cards as a payment rail. You won’t find anything specific to one operator’s cashier here, on purpose, as the last section explains.

Debit and Credit Cards at a glance

Field	Value
Operated by	Internationally, Visa and Mastercard run the schemes; domestically, BancNet runs the debit network. The cards are a product of individual BSP-supervised banks, with the networks not involved in issuing them
Regulated by	Bangko Sentral ng Pilipinas, in line with the Manual of Regulations for Banks, Circular No. 1003 and Republic Act No. 10870
Wallet limit	Not applicable to this rail
Per-transaction cap	Not applicable to this rail
Settlement	Not applicable to this rail
Published fees	Pursuant to BSP Circular No. 1165 of 2023, credit card interest and finance charges on revolving balances may run as high as 36 per cent a year, or 3 per cent a month, superseding the 24 per cent cap set in 2020. Cash advance processing fees are held to a flat PHP 200 per transaction by that same circular, which rules out any other fee. Merchant and acquirer settle merchant discount and interchange rates between themselves commercially, outside any BSP cap, and the percentages frequently quoted for them, lacking a primary source, are not included here.

This is point-in-time data, recorded 2026-09. No notice comes when payment providers revise limits and fees, leaving the provider’s own page as the sole current source.

Debit and Credit Cards on the subject of gambling transactions

No trace of a Philippine-specific gambling-transaction statement from BSP, Visa, or Mastercard was found. By default, a lot of issuing banks are said to decline merchant category code 7995 — the industry-wide restricted classification for gambling merchants that needs explicit acquirer approval. What’s written here reflects general payments explainers, not a statement from the Philippine networks or regulator, and its only role is accounting for why a gambling-merchant card payment might get declined with no published rule available — it’s not put forward as a sourced Philippine-card fact.

Paying with Debit and Credit Cards at 8K8

1. Sign in at 8K8 and open the cashier.
2. Pick Debit and Credit Cards when the cashier lists payment methods for your account.
3. Make sure the name on your 8K8 account matches the name on your Debit and Credit Cards account.
4. Check minimum, maximum and fee details on the cashier screen before confirming the amount.

Since the cashier screen shows the live limits for your account, read it before each first deposit with a new method.