FPX PLAN - best option for blog and media social platform eg Facebook

Pleased to inform MOLPay, the first non-bank acquirer for Financial Process Exchange (FPX) in Malaysia has officially launched a new online payment solution namely MOLPay FPX Plan. 

This plan is special offer for those microenterprises. For those corporate company registration is subject to approval. 

What is FPX?
FPX(Financial Process Exchange) is an online payment option that allows consumers to make real time online payment using their current or saving account. All they need is an Internet Banking Account with any of FPX participating banks such as: 
1. Maybank
2. CIMB Bank
3. Hong Leong Bank
4. Public Bank
5. RHB Bank
6. Bank Islam 
Btw, MyClear will continue to appoint  more banks to participate in FPX. FPX service is available from 7am – 11pm daily. 

The following will be FPX plan info for your reference: 
Fee Structure:
a. One Time Sign Up Fee: RM 299
b. Transaction Fee: RM 2 per transaction
c. Yearly Maintenance Fee: - First Year : Waived                                            
- Second year: (Waived if the previous year’s total payment processing volume more than MYR 5000.00)
d. Settlement Period: Weekly Basise. Minimum Payout: RM 100
f. Settlement Charge: RM 2 per settlement
g. Maximum Transaction Limit: MYR 500
h. Payment Features: Email Payment, Simple Checkout, Procheck, QRCode Payment

Advantage: 
1. Only 3-4 working to proceed FPX application.
2. Individual and foreigner(Application Fee is based on Lite & Premium) merchant allow to apply.
3. Merchant can have real time reporting to access track their sales status rather then need to wait 1-2 working to confirm payment from customer only ship out goods.
4. Real time sales notification allow merchant to work more efficiency and save time.
5. Comprehensive real time report access allow merchant know know clear & confirm customer profile info.
6. Enable merchant to increase their company creditable by appoint a payment gateway
7. How features to double up merchant’s sales such as email payment, QR code, Simple checkout.
8.  The more sales you have the more cost you save.

Eg: RM 500 transaction amount Charges

Description	FPX	Lite	Premium
Transaction Fee	RM2	3.80%	3.00%
Total Transaction Fee Charge	RM2	RM19	RM15
Cost Save	-	RM17	RM13

Eg: If there is 100 transactions to perform per month

Total cost if there is 100 transaction per month	RM200	RM1,900	RM 1, 500
Total cost save for 100 transaction per month	-	RM1,700	RM1,300
Total cost save for one year via FPX plan	-	RM20,400	RM 15, 600

The following will be FPX required documents to proceed application:
1. MOLPay Merchant Service Agreement 
2. Photocopy IC of directors
3. Company Registration Form
- Sdn Bhd: Form 9, 24, & 49                                                 
- Sole Proprietor(Full Set)                                                 
- Partnership(Full Set)
4. Director Resolution(Sdn Bhd)
5. Letter of Consent(Partnership)
6. Latest Bank Statement
7. FPX Merchant Registration 

Download form below

For registration or inquiry please contact
Name: Kamarul
Company: Chip's lab Technologies (SA0188826-D)
Email: zaman_chem@hotmail.com/kamarul@clabtech.com
Phone(sms): 0172297617

This post has been edited by zaman_chem: Jul 10 2013, 12:20 PM


Attached File(s)
 FPXMerchantRegistrationForm_v1.2.pdf ( 376.11k ) Number of downloads: 59
 Guide_FPXMerchantRegistrationForm_v1.0.pdf ( 110.71k ) Number of downloads: 53
 MOLPay_Form_Director_Resolutions_v1.0_FPXonly.doc ( 28k ) Number of downloads: 33
 MOLPay_Letter_of_Consent_v1.0_FPXonly.doc ( 34.5k ) Number of downloads: 27
 FPX_Application_CheckList_v1.1.pdf ( 76.64k ) Number of downloads: 37
 MOLPay_Agreement_Domestic_FPX_v1.1.pdf ( 190.44k ) Number of downloads: 27

For registration or inquiry please contact
Name: Kamarul
Company: Chip's lab Technologies (SA0188826-D)
Email: zaman_chem@hotmail.com/kamarul@clabtech.com
Phone(sms): 0172297617

updating..