How is the Online Payment Fee calculated? EFFECTIVE 01/05/2019
Type of fee | Definition | Calculation |
Payment fee | Payment gateway fee for the prepaid and handling fee imposed by the third party payment gateway. | Transaction charges by a percentage of the total purchase amount. |
Below is an example of the fees that will be deducted from the total purchase amount:
Cards Scheme (Visa / Master):
Total purchase amount: RM100 (including shipping fee)
Payment fee: 2.8%
Total payment =
RM100 x 2.8% = RM2.8
= RM102.8
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Online Banking (FPX):
Total purchase amount: RM100 (including shipping fee)
Payment fee: RM1.5 (FIX)
Total payment = RM100 + RM1.5
= RM101.5
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EFFECTIVE DATE: 01/05/2019