FT Pay Member Package
Specially created for Micro & Small Enterprises and NGO*
* Companies with paid-up capital not exceeding RM 1.0 million
Start-Up *1,2 #
After discount
RM79 per month
Enterprise *1,2 #
After discount
RM63 per month
SUPER *1,2 #
After discount
RM49 per month
FT Pay Standard Package for Micro & Small Enterprises and NGO*1,2 #
*1. Exclude FPX bank charge.
*2. Exclude government taxes
# Subject to change
What is FT Pay ?
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.
How Does FT Pay work ?
Image of System / UI / Design
FAQ
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.
Yes, provided that you have this option built into your online store.
The sales proceeds on every successful transaction is credited instantly into your RHB Bank Account.
No. Customers cannot cancel a successful FPX transaction.
You may renew your promotional package during the promotional period. Otherwise, our standard package is RM 50.00 per month with RM 1.00* flat fee.
*Subject to change
No. FT Pay is a Payment Service Agent of RHB Bank.
No. The sales proceed will not pass-through FT Pay. It will be remitted directly to merchant’s RHB bank account.
You may contact our customer service at support@favortech.net.