Specially created for Micro & Small Enterprises and NGO*
* Companies with paid-up capital not exceeding RM 1.0 million
*1. Exclude FPX bank charge.
*2. Exclude government taxes
# Subject to change
FT Pay is owned by Favor Tech Sdn Bhd, which is the Payment Service Agent* appointed by RHB Bank to process merchant’s FPX transactions. Our aim is to give all merchants the best payment collection experience by allowing them to receive their sales proceeds instantly at a substantial cost reduction.
*PSA Means a qualified party appointed by an Acquiring Bank to refer and / or bring on-board Sellers into FPX on behalf of the Acquiring Bank. A PSA may undertake the role of processing the Sellers’ FPX transactions via its system platform.
Yes, because FT Pay reduces your transactional charges.
Example: 100 transactions with RM1000 per transaction
Other payment gateway charge = 100 (transactions) x RM1000 x 1.5% (gateway charge) = RM1500
FT Pay charge = 100 (transactions) x 60cent (FT Pay charge) = RM60
Savings = RM1500 – RM60 = RM1440 ( 96%) !
Yes, they can.