Payment Options in Thailand - What You Need to Know

Do International QR Code Payments Work in Thailand?

One common misconception is that international QR code payment systems, like those offered by Wise, will integrate seamlessly with Thailand’s popular QR code payment network. Unfortunately, this isn’t the case.

Thailand has a robust QR code payment system, used widely for small purchases, market stalls, and even utilities. However, these are linked directly to Thai bank accounts. Most foreign QR code systems, including Wise QR Pay, will not work with Thailand’s payment networks.

Apple Pay in Thailand

Good news for Apple Pay users: it works in Thailand just like it does anywhere else in the world. Many Thai shops, restaurants, and malls accept contactless payments, making Apple Pay a reliable option for expats and tourists alike.

Credit and Debit Cards

Credit and debit cards are another convenient way to pay. Whether you're dining at a restaurant, shopping at a mall, or making online purchases, international cards are widely accepted. You can also withdraw Thai baht from almost any ATM in the country using your card.

Keep in mind that:

• Some ATMs charge a fee for international cards (usually 200-220 THB per transaction).
• Your bank may also impose foreign transaction fees, so check this before using your card.

Using Wise in Thailand

Wise is a favorite among expats for transferring money internationally at competitive rates. While Wise’s QR code payment system might not work with Thai QR payments, their debit card is an excellent alternative.

Here’s why:

• The Wise debit card can be used anywhere in Thailand that accepts Visa or Mastercard.
• It’s great for saving on currency conversion fees, as Wise uses the mid-market rate to convert your currency into Thai baht.
• If you have a Wise account, consider ordering their debit card before arriving in Thailand—it will make payments and withdrawals much easier.

Travel Cards: A Smart Option for Cash Access

Travel cards are designed to make international payments and cash withdrawals simpler and more affordable. These cards typically offer competitive exchange rates and low fees, making them a great option for accessing cash at ATMs in Thailand.

Key Benefits of Travel Cards:

• ATM Accessibility: Most travel cards can be used at Thai ATMs that accept Visa, Mastercard, or other global networks. Look for ATM logos that match your card's network.
• Lower Fees: Many travel cards offer reduced or waived foreign transaction fees, saving you money on withdrawals.
• Exchange Rate Lock: Some cards allow you to load money in Thai baht at a pre-determined rate, protecting you from fluctuations.

Popular Travel Cards to Consider:

• Revolut: Offers competitive exchange rates and allows fee-free ATM withdrawals up to a certain limit.
• Wise Card: Works like a travel card, offering real exchange rates and low fees.
• Monzo/N26: Both are widely accepted and great for international use, with transparent fees.
• Local Bank Prepaid Cards: Some banks in your home country may issue prepaid travel cards tailored for Thailand.

Tips for Using Travel Cards in Thailand:

• Ensure your travel card is activated for international use.
• Always choose to withdraw in Thai baht at the ATM to avoid unfavorable conversion rates.
• Some ATMs have a withdrawal limit (usually 20,000-30,000 THB per transaction), so plan accordingly.

Cash is Still King

Although digital payments are growing in popularity, cash is still widely used, especially in smaller towns, markets, and local eateries. It’s always a good idea to carry some Thai baht with you, particularly for situations where cards or digital payments aren’t accepted.

Opening a Thai Bank Account

If you plan to stay in Thailand long-term, opening a Thai bank account is worth considering. It allows you to:

• Use the local QR code payment system for hassle-free transactions.
• Avoid ATM withdrawal fees when accessing funds in baht.
• Receive your salary or income directly into a Thai account (if applicable).
• Major banks like Bangkok Bank, Kasikornbank, and SCB offer expat-friendly account options, though requirements may vary depending on your visa status.

Pro Tip:

Before arriving in Thailand, inform your bank of your travel plans to avoid card freezes due to suspicious activity. Additionally, check if your card supports Apple Pay, Wise, or travel card features to make payments and withdrawals easier.

Thailand offers a wide range of payment options, making it easy for expats to manage their finances. By understanding what works and preparing in advance, you can enjoy your time in Thailand without worrying about how to pay for your next Pad Thai!