Ipay88 Vs Molpay
In addition, Exabytes will soon reactivate MOLPay as a redundant credit card payment option as soon as approval is obtained from the vendor and bank. When new merchants apply for online payment gateway with iPay88 or MOLPay, they have to declare what products they are selling online. an official letter of authorized dealership), then the Internet merchant account will be suspended and the acquiring bank will be imposed a penalty!”
For new merchants, it would then be better to choose to use the free PayPal as a start, which does not impose a setup or annual fee. Of course, that means that you might not have access to the interbank transfer ability which you might otherwise enjoy with iPay88 or MOLPay. So the investigation begun, if the merchant is unable to prove the legal representative nor product authenticity (e.g. PayPal also supports direct withdrawal to Malaysia Banks and also Visa Debit Cards. Greetings from Exabytes. The announcement is expected to dampen the e-commerce industry in Malaysia.
Ipay88 Vs Molpay
Let’s take a look at the background of online payments in Malaysia. However, 6 months later, it was discovered that some of these merchants’ websites were selling fake or counterfeit products, and MasterCard had received complaints from consumers or brand owners about this. If you operate an online e-commerce platform and you want to accept credit card payments, you will need to sign up for an online payment gateway service. Some of the top payment gateways include PayPal, iPay88, WorldPay, 2CheckOut, as well as MOLPay.
Ipay88 Vs Molpay
“What actually happened? Let us try to explain in a layman way. We shall keep everyone updated with the progress, stay tuned! Thank you very much for your attention! If you have further enquiries, please do not hesitate to contact us at billing@exabytes.com.my
According to e-commerce milo, a Malaysia based blog that focuses on the e-commerce vertical, two of the largest online payment gateway solutions in the country, iPay88 and MOLPay, are slapping a MYR 900 (US$283) charge onto any merchants looking to obtain approval for credit card transactions on their storefront. Kindly be informed that from yesterday (20 February, 2013) onwards, Exabytes customers can also make their credit card payments via iPay88, besides Paypal, following the suspension of direct credit card payment service on 6th of February (More Info).