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Asian merchant account:
Although fees are higher they offer the most complete solution with every feature you could need; gateway, virtual terminal, multi-currency acceptance.
Fees:
Account opening 950.00 USD One-off
Account maintenance 140.00 USD Per month
Account closing 250.00 USD One-off
Record processing 0.60 USD Per transaction
Bank transfer (within Singapore) 10.00 USD Per transfer
Bank transfer (cross-border) 25.00 USD Per transfer
Discount Rates
MasterCard, Euro Card 3.85% Per transaction
VISA 3.85% Per transaction
American Express 4.90% Per transaction
JCB 3.85% Per transaction
Switch / Solo 3.85% Per transaction
Minimum transaction fee 0.50 USD Per transaction
Chargeback fee 30.00 USD Per chargeback
Refund fee 5.00 USD Per refund
They have an option to receive payments in Euros only:
Account opening 100.00 USD One-off
Account maintenance 35.00 USD Per month
Account closing 150.00 USD One-off
Record processing 0.60 USD Per transaction
Bank Fees
Bank transfer (within Singapore) 10.00 USD Per transfer
Bank transfer (cross-border) 25.00 USD Per transfer
Discount Rates
MasterCard, Euro Card 3.85% Per transaction
VISA 3.85% Per transaction
American Express N/A Per transaction
JCB N/A Per transaction
Switch / Solo N/A Per transaction
Minimum transaction fee 0.50 USD Per transaction
Chargeback fee 30.00 USD Per chargeback
Refund fee 5.00 USD Per refund
Holdback
To be determined by the bank 5% to 15% Withheld from monthly
net volume. No upfront deposit required.
Requirements:
·Certified copy of shares, listing shareholders of the company
·Legible copy of a form of government issued photo identification for each principal owner (e.g. passport or driver license)
·A copy of the Articles of Association of the company.
·A copy of the certificate of Incorporation
·Registration form of the Chamber of Commerce
·Detailed list and/or description of products/services offered
If available, bank statement showing yearly turnover and amount of chargebacks based on yearly and/or monthly turnover.
Canadian merchant account:
Low setup cost.
Low monthly fee.
Multi-currency capability.
Industry leading anti-fraud mechanisms.
Weekly transfer of funds directly into your bank account.
Real time credit card processing with no hidden or unexpected fees.
Unique merchant ID
Your company will appear on your customers credit card statement
One Time Setup Fee: $310 (currently they offer a discount)
Monthly Fee: $25
Per Transaction Fee: 10 cents
Chargeback Fee: $15
Weekly Remittance: $5
Monthly Minimum: NONE
Discount Rate: 3.95%
A $50 referral fee applies in addition to the merchant set up fees.
Requirements:
Bank Compliance Form - You will take this to your bank and have them fill it out, which tells us where to send your funds.
Merchant Agreement - You will sign and date this document.
Balance Sheet - This is a short, one-page financial statement for your company.
Cards Accepted:
Visa, MasterCard, Switch, Delta, Eurocard, and JCB. You also will be able to accept all credit and debit cards carrying the Visa or MasterCard logos.
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