Globe's Load to GCash service was ended on Feb. 20, 2017. With GCash, Globe subscribers can instantly convert their prepaid load to GCash. For now, the ways to load your GCash is the Cash-in option through Globe Business Centers, 7-11 branches, Villarica Pawnshops and other GCash partner outlets nationwide, and mobile banking services like BPI which allows transfer of funds to GCash.
Filipino online sellers are affected to this Globe's announcement. Because, not all online shoppers have access to money transfer or money remittance services like MLhuillier Kwarta Padala, Cebuana Pera Padala, LBC Pera Padala or Palawan Express. Maybe 1 or 2 only of these money remittance services are accessible to them or maybe none to some online sellers because they live in remote areas which are very far from money remittance centers.
Globe is getting a 10% transaction fee for every prepaid load converted to GCash. The denominations available are 10, 25, 50, 100, 200, and 300 pesos respectively. Your 110 pesos load balance can be converted to 100 GCash. Globe - Load to GCash conversion daily limit is 1000 and the monthly limit is 10,000. With a transaction fee percentage of 10%, Globe receives a huge amount from this as their income. But why did Globe ended Load to GCash? It's up to Globe for this to answer this question because no one knows exactly the reason yet, as of this writing.
Source : gcashofficial
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