Anyone know if your card needs to have the full amount for them to charged and hold first or can even put debit card as my payment card for them to deduct once a month?

They hold your credit card info.

Charge you monthly x 3

As stated above hold info then, charge 3x . Not bad actually but dunno how they make money as its interest free if not mistaken.

full amount

Just the first month to get a purchase. Just heads up that the timer starts at purchase date, delivery etc is not atome concern

Debit card can use ….they charge the 1st instalment only

kick back from merchant
basically someone buy something, they pay full amount to merchant, merchant get money on time, risks borne by ATOME
so merchant pay them certain amount of "commission" or "internal discount" by probably monthly

Does merchant wait actual payment from atome first ? I mean do they receive the payment instantly or need to wait? So shipping might be delayed due to that?

Between buyer and merchant they just just process the order like normal, mail the item out for delivery etc

How they exactly get their money that one is up to atome, prob works like cc instalment I guess. Buyers no need concern this

Because atome still kinda new they have some attractive discount vouchers like ewallets back in the day

Atome first time user got RM10 off or was it 10% off? can't remember

Their late payment fee is rm30 .. very high .. better stick With grabpay later rm5 only… if the merchants ur buying From are both on atome and grab

most probably like credit card. they charge merchant fees.

What you would have paid for RM 100, would be sold with the price tag of RM 120, so 0% intrest...
paham ?

incase tak paham, this is from their FAQ.

We do not charge setup fees. We charge our merchant-partners a MDR (Merchant Discount Rate) fee per transaction. For a quote, reach out to our Business Development team via merchant form and we will work something out together.

Edit : i found Sinki Atome MDR so here is the calculation...

iPong 13 Pro : RM 4900

pay by Visa: 2.4% MDR added to the bill = RM 5017.60 / 3 = RM 1672.54 Monthly
pay by Atome : 6% MDR added to the bill = RM 5194 / 3 = RM 1731.34 Monthly

for comparison sake : Grab MDR is 3%

So simply to say, Atome butt farking all of you with bullshit...

This post has been edited by MadhavanR: Apr 14 2022, 02:45 PM

but if the merchant still selling the item at retail price??

No offense Sir, but I think you haven't used Atome. I bought an item Retail for RM459, Used coupon to get RM30 off, left with RM429. It is then divided into 3 payments of RM143 which equals RM429. So, although I am impressed with your calculations you seem to be the one butt farking us with bullshit.

if it is retail price, even after the 3 month split from Atome, then its worth.
coz the seller absorbed the cost for your intrest completely.


they said the same when Grabcar used to give free rides and coupons...
then switched to those points...
where are those now bro ?
Its called marketting... and Atome it set to rake double the money than of GrabPay, tripple if u look at Visa/mastercard.

as for the users, get ready to pay for those so called "0% intrest"

This post has been edited by MadhavanR: Apr 14 2022, 07:02 PM

Use grab paylater bette unker think.

They sukak2 increase unker limit from 1.5 bekam 2.5k now

didnt need to have full amount and also can use debit,
just dont make late payment request, try to make payment few days before the due date

posting in orang miskin buying things they cant afford tered.

actually it's not about buying things they can or not afford. It's about where you prioritise putting your money in first. If i wanted to buy a RM12k watch, I have 12k to spend now. But do I want to spend it all now? I have better ways of investment that I can get around 1.8k return in a month with additional RM4k investment to my initial investment now. Don't ask me what is it because you are too poor to know any investment.

Also I was asking because my friend act smart saying that they will charge full amount first and hold my funds for 3 months payment.

This post has been edited by yvliew: Apr 14 2022, 07:48 PM

Yes, the point is, at the moment one can still benefit from wisely using apps like atome, rely & pace. Just like many benefited when Grab, Boost and other ewallet were just starting out. You can get good deals provide you know what you want and know the price of the item and the corresponding vouchers that can be used.

The transaction fee is more than 2x compared to CC/DC/FPX/eWallets

BNPL providers release full payments to merchants first. They will do payment collections by themselves. If things go wrong, it will have nothing to do with the merchants.

This post has been edited by ratloverice: Apr 14 2022, 10:31 PM

smart fella up here.
you know when to jump... jump when its time...