Payment Gateway

iPay88 SOHO Payment Gateway for FPX & CC

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iPay88 SOHO Payment Gateway for FPX & CC

Accept online Credit Card (Visa/ MasterCard)

Price   RM 1388.00  
Price Inclusive 6% GST RM 1471.28

iPay88 SOHO Payment Gateway for FPX & CC

Accept online Credit Card (Visa/ MasterCard)

PriceRM 1388.00 
Price Inclusive 6% GST RM 1471.28

Yearly RM1388.00
  1. Accept online Credit Card (Visa/ MasterCard)
  2. Accept online Bank Transfer (major bank)
  3. 4% per transaction for credit card
  4. 4% per transaction or minimum RM0.60 whichever is higher* for online banking (e-debit) and Mobile Money
  5. 4% for MEPS Cash and Webcash
  6. One-time signup fee, no annual fee
  7. Support Secure 3D verification

 
 
  • Soho Plan
  • SME Plan
  • Key Features
  • Who can apply and Download Application Form

MYR Gateway - SOHO Plan

iPay88 MYR Gateway is an online payment services that facilitates online merchants or e-commerce merchants' online store in Malaysia to process online transactions in Malaysia Ringgit currency (MYR) in large extent and securely. SOHO Plan designed for the merchants who want to enjoy ZERO maintenance fee

Merchant discount rate:

  • 4% per transaction for credit card
  • 4% per transaction or minimum RM0.60 whichever is higher* for online banking (e-debit) and Mobile Money
  • 4% for MEPS Cash and Webcash
* Terms & Conditions Apply

Settlement period: Weekly basis


* This is merchant discount rate for majority online banking services but it may vary from bank to bank * ipay88 fees are exclusive of all taxes
 

iPay88 MYR Gateway (Soho Plan)

 One-time Processing Fee

MYR488.00

 Yearly Maintenance Fee

-

 Credit Card Application Processing Fee

MYR900.00 (Optional) Subject to 6% GST

 No.

Payment Mode

 Transaction Rate

 1

Credit Card

4%

 2

Affin Bank

4% or minimum MYR0.60* 

 3

AmOnline

 4

Celcom AirCash

 5

CIMB Clicks

 6

FPX
(MayBank2u, PBeBank, Bank Islam, 
Hong Leong Connect, RHB Now, CIMB Clicks,
AffinOnline, AmOnline, UOBOnline) 

 7

Hong Leong Connect

 8

MayBank2u

 9

MyBSN

 10

RHBNow

 11

WebCash

4%

Holdbacks  There is a dispute transaction. The hold back amount is equivalent to the transaction amount disputed. If the transaction disputed successfully (or Charge-back filed) against the merchant, the merchant needs to refund (the charge-back amount only) to the credit card holder. Otherwise, will be released back to the merchant.
Refund / Cancellation For Credit Card Transaction only.
Merchant is allowed to refund/cancel particular credit card transaction to the customer by inform iPay88 to do so. 
Payout Frequency Payout of settlement sum to the merchant is on weekly basis. The settlement cut-off time of every week will be 24:00 (Malaysia Time) of every Sunday. Mobile88 will deposit / transfer the weekly settlement sum into a designated bank account of the merchant within 5 working days after the weekly settlement cut-off day (exclude bank's floating period).
Place and Currency Settlement The transaction will be settled in Malaysia Ringgit (MYR) and the place of settlement will be in Malaysia. It is recommended that the merchant should have its own account in the banks in Malaysia.
Payout Method The payout will be reimbursed via direct debit bank transfer / cheque deposit into merchant’s dedicated bank account. The floating period of such transfer is 1-3 working days, subject to the bank account used by the merchant.

 Note: *Whichever is higher 
            iPay88 fees are exclusive of all taxes

 *** iPay88 Merchant Agreement
 

Transaction fee:

  • Credit card: 3% per transaction
  • Online banking & Mobile Money: 3% per transaction or minimum RM0.60 whichever is higher*
  • MEPS Cash & Webcash: 2% per transaction

* Terms & Conditions Apply

 *** iPay88 Merchant Agreement


Settlement period: Weekly basis

 

iPay88 MYR Gateway (SME Plan)

 One-time Processing Fee

MYR488.00

 Yearly Maintenance Fee

MYR500.00 per year

 Credit Card Application Processing Fee

MYR900.00 (Optional) Subject to 6% GST

 No.

Payment Mode

 Transaction Rate

 1

Credit Card

3%

 2

Affin Bank

3% or minimum MYR0.60* 

 3

AmOnline

 4

Celcom AirCash

 5

CIMB Clicks

 6

FPX 
(MayBank2u, PBeBank, Bank Islam, 
Hong Leong Connect, RHB Now, CIMB Clicks,
AffinOnline, AmOnline, UOBOnline) 

 7

Hong Leong Connect

 8

MayBank2u

 9

MyBSN

 10

RHBNow

 11

WebCash

2%

Holdbacks There is a dispute transaction. The hold back amount is equivalent to the transaction amount disputed. If the transaction disputed successfully (or Charge-back filed) against the merchant, the merchant needs to refund (the charge-back amount only) to the credit card holder. Otherwise, will be released back to the merchant.
Refund / CancellationFor Credit Card Transaction only. 
Merchant is allowed to refund/cancel particular credit card transaction to the customer by inform iPay88 to do so. 
Payout FrequencyPayout of settlement sum to the merchant is on weekly basis. The settlement cut-off time of every week will be 24:00 (Malaysia Time) of every Sunday. Mobile88 will deposit / transfer the weekly settlement sum into a designated bank account of the merchant within 5 working days after the weekly settlement cut-off day (exclude bank's floating period).
Place and Currency SettlementThe transaction will be settled in Malaysia Ringgit (MYR) and the place of settlement will be in Malaysia. It is recommended that the merchant should have its own account in the banks in Malaysia.
Payout MethodThe payout will be reimbursed via direct debit bank transfer / cheque deposit into merchant’s dedicated bank account. The floating period of such transfer is 1-3 working days, subject to the bank account used by the merchant.

Note: *Whichever is higher
           iPay88 fees are exclusive of all taxes 


Key Features

  • Accept comprehensive of online payment options:-
  • Real-time online payment consolidated report
  • Payment notification via email or SMS (acknowledge via SMS will involve additional cost per SMS sent)
  • Equipped with Internet Security Features (PCI Data Security Standard compliance)
  • Online Fraud Prevention Mechanism
  • Easy to integrate
  • Featuring Email Payment, Mobile In-Apps payment and consumer tokenization

 *** iPay88 Merchant Agreement

Who can apply

This service only offered to Malaysians and registered companies in Malaysia. 
iPay88 will not accept any application from the party involves in one of the following products, services and activities:

  • Pornography & Adult Content
  • Firearms, Ammunition, High Capacity Magazines, Tasers, Air Guns
  • Fireworks or Pyrotechnic Devices or Supplies
  • Unapproved Drugs
  • Gambling Transactions
  • Replica Products
  • Money Laundering
  • Pyramid Scheme Program
  • Terrorism
  • And other activities that against Malaysia government laws

 

 *** iPay88 Merchant Agreement

Click below form to download 

e-Commerce Sub Merchant Facility Application Form 

General Guide For Handling of Dispute / Chargeback of Online Credit Card Transaction  

iPay88 MYR Gateway Application Form 

iPay88 MYR Gateway Application Checklist