No more RM200 debit card hold at Petron station

It’s always a pain in the butt when you have no choice but to use your debit card at the petrol pump to refill your precious bikes. The system will usually hold around RM200 for any refill and will usually take around three working days to return it back to your account. That old way is now a thing of the past when you refill at all Petron stations.

Why? Petron Malaysia has a new collaboration with PayNet (Payments Network Malaysia Sdn Bhd) to launch the “FUEL-YoooH MyDebit Je with your ATM Card!” campaign. This means that you can use your debit card at the pump and the system will only deduct the correct amount of fuel you purchased without holding on to your precious RM200.

According to Peter Schiesser, CEO of PayNet, “With 42 million ATM cards in circulation, virtually every customer carries an ATM card which they can use to pay for their fuel purchases. As Malaysia’s national debit card scheme, our priority is the rakyat. MyDebit is the only card scheme in Malaysia that does not hold RM200 at petrol pumps.”

When a petrol chain accepts MyDebit payments, consumers can select the amount of fuel that they wish to purchase and only that amount is blocked during fuelling. If consumers refuel less than the amount selected at the start, all excess amounts are credited back to their bank accounts immediately after fuelling is done,” added Mr Schiesser.

Ms Faridah Ali, Petron’s General Manager, also commented, “We are honoured to collaborate with PayNet to enable the use of MyDebit ATM card at Petron stations and create a new payment option for our customers. In a move to support a cashless society, all Petron customers can now experience an even easier, faster, more seamless and convenient payment process using their ATM cards at the fuel pumps. This underscores our commitment to provide innovative products and services as well as the best “Petron experience” to our customers.”

For those who use their debit cards to purchase fuel at Petron stations from no until 13 March 2020 (minimum RM5), you’ll get an entry into their contest where the grand prize is a Proton X70 AND there’re two of them to be won. There are also 84 other great prizes up for grabs, including RM500 Petron Gift Cards to four lucky weekly winners. For more information, please visit www.paynet.my.

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