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 Money, Paytm and PayPal:
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 as for 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 sender’s county is 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 PayPal account through Shopmatic Singapore will have these rates when receiving commercial payments:
Domestic payments: International payments:
3.9% + SGD 0.50 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/sg/webapps/mpp/ua/useragreement-full#misc
For Malaysia customers:
Customers can choose to enable iPay88 and/or PayPal:
IPay88 is available on our Shopmatic platform. By enabling IPay88, you will be able to receive various mode of payments 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 & Debit Cardss (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/
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Customers who create a new PayPal account through Shopmatic Malaysia will have these rates when receiving commercial payments:
Domestic payments: International payments:
3.9% + MYR 2.00 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/al/webapps/mpp/merchant-fees#fixed-fees-commercialtrans
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
