For an online seller to receive secured online payments, a trusted payment gateway should be used. A payment gateway ensures the seller that payment has been made by the buyer. A payment gateway also helps mitigate any disputes between a Seller and Buyer.
On the Shopmatic platform, it only takes a few clicks of a button to get your online payments enabled. There is no technical knowledge, or any coding experience required to enable a payment gateway for your account.
Depending on the country selected while signing up for a Shopmatic account there are different payment gateways available.
For India customers:
Customers can choose to enable PayU, Paytm and PayPal India:
Customers who create a new PayU Money account through Shopmatic will enjoy these rates:
i) Credit Card: 2.00% of the transactional value (3.00% of the transactional value for AMEX)
ii) Debit Card (MasterCard & Visa): 1.15% of the transactional value for transactions above Rs. 2000/- and 0.65% of the transactional value for transactions below Rs. 2000, Debit Card (Rupay): 0.25% of the transactional value
iii) Wallets: 1.85% of the transactional value
v) Net Banking: 1.75% of the transactional value
vi) UPI: 0.40% of the transactional value
*Excludes all taxes, no annual maintenance fee
Customers who create a new Paytm account through Shopmatic will enjoy these preferential rates:
i) Setup Fee: Waived off!
ii) Maintenance Fee: Waived off!
iii) Credit Card: Visa, Mastercard @ 1.90% of the transactional value and American Express @ 2.75% of the transactional value
ii) Debit Card: Visa, MasterCard, Maestro @ 0.90% for transactions above Rs. 2000/- and 0.40% below Rs. 2000 as for Rupay Debit Card @ 0.00% of the transactional value
iii) Paytm Wallet: 1.65% of the transactional value
iv) Paytm Postpaid: 1.80% of transactional value
v) Net Banking: HDFC, ICICI @ 1.75%, other banks @ 1.55%
vi) UPI: 0.00% for transactions above Rs. 2000/- and 0.00% below Rs. 2000
Customers who create a new PayPal account through Shopmatic India will have these rates:
Where the sender’s county is International Rate
Outside of India (IN) 4.4% + Fixed Fee*
*Fixed fee for commercial transactions (based on currency received)
For more details on Fixed fees, please visit PayPal’s support page here:
https://www.paypal.com/in/webapps/mpp/merchant-fees
For Singapore customers:
Customers who create a new Stripe account through Shopmatic will enjoy these preferential rates:
| Payment Methods | MDR |
| Credit Cards & Debit Cards | 3.80% |
| Apple Pay | 3.80% |
| Google Pay | 3.80% |
| Fixed Fee | SGD 0.5 |
Note on Google Pay & Apple Pay
1. Stripe will charge the same rate for processing Google Pay and Apple Pay transactions as we do for all other credit and debit card transactions. There is no additional fee from Google and Apple for Google Pay and Apple Pay transactions.
https://support.stripe.com/questions/pricing-for-apple-pay-with-stripe
https://support.stripe.com/questions/pricing-for-google-pay-with-stripe
2. Apple Pay will be available only in the Safari browser. Google Pay can be accessed on both OS.
For Malaysia customers:
Customers who create a new Stripe account through Shopmatic will enjoy these preferential rates:
| Instruments | Fees On Volume | Transaction fee |
| Cards | 3% | 1 MYR |
| *There are additional charges applicable for availing additional services (kept as actuals) | ||
|
3D Secure: 0.03 MYR
Card Dispute Fee: 90 MYR |
||
Note on Google Pay & Apple Pay:
1. Stripe will charge the same rate for processing Google Pay and Apple Pay transactions as we do for all other credit and debit card transactions. There is no additional fee from Google and Apple for Google Pay and Apple Pay transactions.
https://support.stripe.com/questions/pricing-for-apple-pay-with-stripe
https://support.stripe.com/questions/pricing-for-google-pay-with-stripe
2. Apple Pay will be available only in the Safari browser. Google Pay can be accessed on both OS.
iPay88 is available on our Shopmatic platform. By enabling iPay88, you will be able to receive various modes of payment such as:
1. Online Banking (eg. Maybank, CIMB, AmBank, RHB and etc)
2. E-Wallets (eg. GrabPay, AliPay, TouchNGo, ShopeePay and etc)
3. Credit Cards and debit cards (eg. Mastercard, Visa, American Express and etc)
4. Buy Now Pay Later (eg. Atome, PayLater Grab, MobyPay and etc)
5. Others (eg. PayPal and Google Pay)
For more details on rates and Shopmatic-iPay88 onboarding steps, please visit this page:
https://support.goshopmatic.com/shopmatic-support/ipay88-faqs/
For Hong Kong customers:
Customers who create a new PayPal account through Shopmatic Hong Kong will have these rates when receiving commercial payments:
Domestic payments: International payments:
3.9% + HKD 2.35 4.4% + Fixed Fee*
*Fixed fee for commercial transactions (based on currency received)
For more details on Fixed fees, please visit PayPal’s support page here:
https://www.paypal.com/hk/webapps/mpp/merchant-fees
