A corporate online payment solution by PayNet that exclusively allows corporate customers to make online payment to another business entity.
Payment flow
The payment flow is not as straightforward as FPX B2C or end-consumer’s checkout and payment flow.
1
Razer Merchant Services merchant sends a payment request link to corporate client.
2
Corporate client needs to log in to corporate banking account to initiate payment (by confirming the transaction).
3
The transaction must be approved by authorizer(s) within 7 days.
4
Razer Merchant Services' will notify merchant’s endpoints and settle the fund accordingly.
5
Merchant receives fund.
1
Razer Merchant Services merchant sends a payment request link to corporate client.
2
Corporate client needs to log in to corporate banking account to initiate payment (by confirming the transaction).
3
The transaction must be approved by authorizer(s) within 7 days.
4
Razer Merchant Services' will notify merchant’s endpoints and settle the fund accordingly.
5
Merchant receives fund.
Minimum transaction amount is MYR2.00 (2 Ringgit Malaysia) and maximum amount limit can be up to MYR1,000,000.00 (1 million Ringgit Malaysia), but the actual limit is based on corporate account settings.
Benefits
Automate and ease merchant’s payment collection from other corporate clients.
Merchant can accept payment up to MYR1,000,000
Merchant does not need any corporate banking account to receive FPX (B2B) payment
* only corporate clients are required to use their corporate banking account to complete the payment
