ipaymy supports a wide range of payments for both individuals and businesses.
All payments must be supported with valid documents and paid directly to the rightful recipient.
Rent
For rent, all payments must be made directly to your landlord and a valid supporting tenancy agreement is required.
Examples of supported rent payments:
Recurring rent for residential or commercial properties
Security deposit for commercial properties
Salary
For salary, payments can be made directly to your employee and/or to your business bank account. A copy of the employment contract, payment slip, or CPF records is required.
Examples of supported salary payments:
Monthly salary
Bonus payments
Commission payments
Expense/allowance reimbursements
Director's Fees
Invoices
For invoices, all payments must be made directly to your supplier who is a registered business in the respective country and a copy of the invoice being paid must be provided. Payments can not be made to an individual (e.g. peer to peer) or to fund yourself or your business.
Examples of supported invoice payments:
Invoices for goods or services rendered
Taxes (Income, Property, and GST)*
Insurance
School Fees
Renovation
Property purchase (Stamp Duties)
*Tax payment service is currently available to Singapore and Australia users making payments with a Visa or Mastercard. More regions will be aded soon.
Types of payments not accepted in this category include:
Sending money to yourself or for any purpose of cash advance to your personal or any associated business accounts.
Sending money to individuals (peer to peer payment)
For gambling and related activities
Payment towards a brokerage or investment account
For more information on payments not accepted in this category please refer to our Terms and Conditions.