What is iPay88?

iPay88 is a Malaysia-based Internet Payment Gateway Solution, It's a practical, no-frills and cost effective online payment solution designed just for SMBs.

Neowave has partnered with iPay88 and pre-built the support for iPay88 into our e-commerce software solution [applicable to soho / bizStore only] so you can start taking credit card payment with webShaper stores for your products with just a few simple steps.

Why use iPay88?

• Low setup cost & Maintenance Fee
• Low Transaction Charges (As low as 3%!)
• Fast Settlement Period (5 business days)
• No hidden cost, No Deposits, No Transaction Quotas
• 100% works and tested with webShaper sohoStore and bizStore

What benefits & advantages does iPay88 has to offer?

• 1st and the only Mutli-Currency gateway
• Shorter repayment period
• No hidden cost or withdrawal fee
• After sales support
• 200 staffs under Mobile88 Group of Companies since 1997.
• 1st payment gateway acknowledged by BNM
• Easy Payment Scheme

What's the pricing for iPay88?

Fee	iPay88 SME	iPay88 soho
Setup Fee	488	488
Annual Fee	500/year	Zero (Life Time)
Credit Card Transaction Charges	3%	4%
Malaysia Online Banking and E-Wallet payment services	2~4%	4%
Credit Card Application Fee [payable to bank]	RM900 one time fee
Recommended for?	Turnover more than RM4,000 per month ( Retailers, manufacturers , existing online merchants )	Turnover less than RM4,000 per month ( new start up )
How to apply?	Download iPay88 SME Plan Form	Download iPay88 Soho Plan Form

How fast is your money being paid back to you?

Payment Settlement on Period Weekly. The settlement cut-off time of every week will be 24:00 (Malaysia Time) of every Sunday. iPay88 will deposit / transfer the weekly settlement sum into a designated bank account of the merchant within 5 working days after the weekly settlement cut-off day.

Minimum Amount for Payment: RM100 only.

Accepted Currency: MYR (Ringgit Malaysia) Transaction Only.

Chargeback: Merchant to fully responsible on any dispute and/or discrepancy of payment to be found from time to time. If the merchant charge-back level exceeds 1% for consecutive 3 months, the merchant account will be terminated automatically.

How do I sign up for iPay88 Online Payment Solution (Malaysia Merchants) ?

1st - Download iPay88 Service Application Form
- Download iPay88 SME Application Form
- Download iPay88 Soho Application Form

Put webShaper, support@webshaper.net as technical contact person. For Request URL (URL 3) and Response URL (URL4), please refer here.

2nd - Submit the form together with supporting documents.

Private / Public Limited	Sole Proprietor / Partnership
A photocopy of Director 's IC / Passport Latest Month Bank Statement Form 9 Form 24 Form 49	A photocopy of Business Owner's IC / Passport Latest Month Bank Statement Form D Business License (If Any)

3rd - Payment to MOBILE88.COM SDN. BHD. for iPay88 Registration Fee and 1 year maintenance fee (for SME plan) via one of the following methods:

3.1 Online Credit Card Payment (via iPay88)
3.2 Cheque / Direct Bank-in
3.3 Cash

4th - Application will be procseed and status will be known in 2 working days.

What are the Request URL (URL3) & Response URL (URL4) for iPay88?

URL 3 (Request URL): http://www.YourDomain.com/webshaper/store/orderSummary.asp
URL 4 (Response URL): http://www.YourDomain.com/webshaper/ord/admin/P88_callback.asp

Is there a Go-Live Checklist before I start selling with webShaper + ipay88?

Yes, iPay88 will email you a Go-live Checklist upon successful application. We also have prepared a iPay88 goes live checklist tutorial guiding you through!

Is there a default Maximum Limit per transaction?

Yes, depends on the type of merchants, iPay88 will set a maximum amount limit for each transaction. To increase your per transaction limit, download this form and submit to support@ipay88.com.my

Can iPay88 supports USD currency too?

Yes, iPay88 does offer Multicurrencies Gateway which can process USD and other currencies type such as SGD, AUD and more. Note: this has to be applied separately, you can download the iPay88 Multicurrency Pre-check Application Form here.

iPay88 Multicurrencies Gateway Details (Download Brochure)

• One time setup cost: USD150.00
• Transaction Fee: 3.8% - 4.5% (vary from merchant to merchant, subject to the nature of business)
• Processing Fee: USD0.40
• Cancellation Fee: USD0.50
• Chargeback Fee: USD15.00
• Retention Sum (holdback): 10 – 20% (up to 6 months)
• Settlement Period: on monthly basis
• Hidden Cost: Telegraphic Transfer cost charged by the bank
• Descriptor on Card Statement: iPay88 – [Merchant Name]
• Open for International merchant

• Cannot accept merchant selling illegal products and services
• Processing Currency: USD, AUD, EUR, GBP, MYR, SGD, THB, PHP, IDR, INR, HKD, TWD
• Settlement Currency: USD only
  
  

I sell replica products, can i use iPay88 to take credit card payments?

No, you cannot. Rule of thumb, whatever illegal offline, is illegal online. iPay88 does not accepts application for merchant who sell products or services below:

iPay88 will not accept any application from the party involves in one of the following products, services and activities:

• Pornography & Adult Content (included any Adult subscription service and chat)
• Firearms, Ammunition, High Capacity Magazines, Tasers, Air Guns
• Fireworks or Pyrotechnic Devices or Supplies
• Unapproved Drugs
• Gambling Transactions
• Pre-Adult Content - Pictures, Videos, etc. of Individuals Under the Age of 18 Years
• Replica and Name Brand "Knock Off" Products
• Time Sharing and Vacation Membership Card
• Tele-sales / Telemarketing
• Money Laundering
• Pyramid Scheme Program

Sites found to be selling banned products or services later are subject to immediate account termination, frozen funds, forfeiture of funds, fines, and/or order cancellations, all without notice.

Note: iPay88 Internet Payment Solution is a service by Mobile88.com Sdn Bhd (Reg No: 521817-M). This third party services are governed by their own terms of use and other requirements. You agree to abide by these third party requirements when you access the third party services through the Service. We are NOT responsible nor liable for the services and information provided to you through these third party services.