Applying for a credit card machine/terminal or merchant service in Malaysia Johor Bahru (JB), Kuala Lumpur (KL), Penang, Sabah, Sarawak?   Electronic transactions have replaced cash as the primary method to accept credit cards in highly developed countries economies. Malaysia Merchant account services allow these transactions to take place by using Credit Card Machine/Terminal to process the payment.

When you compare Malaysia credit card machine/terminal provider or merchant accounts, you’ll quickly realize that rates and fees can vary greatly from bank to bank. The most important aspects of choosing the best merchant account services for your business is trying to find the lowest rates, setup costs, gateway fees and more. Here are a few things to consider when looking to compare merchant accounts:

  • Cost of setup
  • Approval rating
  • Cancellation policy and fees
  • Processing fees
  • Cost of equipment rental or purchasing
  • Credit Card processing equipment selection
  • Transaction management features
  • Internet/phone/mail per transaction rates

 

Types of Credit Card Machine/Terminal in Malaysia Johor Bahru (JB), Kuala Lumpur (KL), Penang, Sabah, Sarawak
Credit Card Machine/Terminal available in 2 types:-
1) EDC (wired to your telephone line)
2) GPRS (Wireless)

Business Industries that can apply:-
a) Retailing (Mini Market, hand phone shop, Electrical Appliance shop etc)
b) Services (Saloon, Insurance agent, car workshop, floweriest etc)

3) EzeeLink Smart Terminal

Business Industries that can apply:-

Money Transfer / Remittance (Money Changer, Prepaid Kioks, Bills Kioks & etc)

4) TrackSol Terminal:-

A Portable Handheld Terminal controller equipped with GST (Goods & Services Tax) printout receipts

Business Industries that can apply:-

a) Retailing (Mobile Phone Shops, Retails Outlets, Provision Shops & etc);

b) Distribution (Retails Distribution, Van Sales, Mobile Stock Check & etc)

 

Documents Required for ALL BANKs for apply Credit Card Machine/Terminal in Malaysia Johor Bahru (JB), Kuala Lumpur (KL), Penang, Sabah, Sarawak:-

Sole Proprietor:
1) I/C Photostat for all Business Owner
2) ROB / ROC (form B or SSM)
3) Latest 2 Months company bank statement
4) Local council license (MPK, DBKL, MBPJ etc)
5) Form D/E
6) 2 Photographs of the outlets ( 1. Outlet’s signboard, 2. Interior with products)

Sendirian Berhad:
1) I/C Photostat for Authorized Signatory
2) Photocopy of M&A, Form 9
3) Photocopy of Form 11, 13 (if any) (Certified True Copy)
4) Photocopy of Form 24, 49
5) Latest 2 Months company bank statement
6) 2 Photographs of the outlets ( 1. Outlet’s signboard, 2. Interior with products)
7) Operating License (Direct Selling, Travel Agency)
8) Board of Resolution
**All approval on application will bound by the bank TERMS AND CONDITIONS

MOST Branches, MOST Card Holders, MOST Cards accepted

With so many merchant account service providers now available, it can be difficult to choose the best merchant account services. This is why it is important to check out the best merchant accounts, compare merchant accounts that are specific to your merchant account needs as well as the needs of your business. Call now to get more info:

 

 

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