The 3% charge is the charge that senangPay charge to merchant on every credit or debit card transaction. For example, if the transaction is RM100.00, then senangPay will charge 3% from this RM100.00, which equivalent to RM3.00. Thus, merchant will receive RM97.00 on the scheduled settlement payout. Please take note this is a simple calculation without GST.
The RM1.50 charge, is the charge that senangPay charge to merchant on every Internet Banking (FPX) transaction. Meaning, any transaction that customer made through local supported bank such as Maybank2u or CIMB Clicks, senangPay will charge RM1.50 per transaction, regardless how much is the transaction amount. For example, if the transaction is RM100, then senangPay will charge RM1.50 on this transaction. Thus, merchant will receive RM98.50. Please take note this is a simple calculation without GST.
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