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What is the minimum transaction fee?
What is the minimum transaction fee?

Understanding the minimum transaction fees incurred on payments made on ipaymy

Vanessa Teo avatar
Written by Vanessa Teo
Updated over 10 months ago

ipaymy applies a flat minimum transaction fee which varies per region. Read below to find out the fee structure for each respective region.

Quick access:

πŸ‡ΈπŸ‡¬ Singapore

Transaction Fees for Payments Below SGD100

When making a payment of SGD100 or less, please note that there is a minimum transaction fee of SGD3.00. This fee is necessary to cover the processing costs incurred by the card-issuing banks and network providers for each transaction.

To make things easier for you, the fee summary will be displayed on the Review and Pay page before you proceed to make the payment. This will allow you to review the total amount you will be charged, including the transaction fee, before completing the payment.

πŸ‡­πŸ‡° Hong Kong

Transaction Fees for Payments Below HKD600

When making a payment of HKD600 or less, please note that there is a minimum transaction fee of HKD20.00. This fee is necessary to cover the processing costs incurred by the card-issuing banks and network providers for each transaction.

To make things easier for you, the fee summary will be displayed on the Review and Pay page before you proceed to make the payment. This will allow you to review the total amount you will be charged, including the transaction fee, before completing the payment.

πŸ‡²πŸ‡Ύ Malaysia

Transaction Fees for Payments Below MYR350

When making a payment of MYR350 or less, please note that there is a minimum transaction fee of MYR10.00. This fee is necessary to cover the processing costs incurred by the card-issuing banks and network providers for each transaction.

To make things easier for you, the fee summary will be displayed on the Review and Pay page before you proceed to make the payment. This will allow you to review the total amount you will be charged, including the transaction fee, before completing the payment.

πŸ‡¦πŸ‡Ί Australia

Transaction Fees for Payments Below AUD100

When making a payment of AUD100 or less, please note that there is a minimum transaction fee of AUD3.00. This fee is necessary to cover the processing costs incurred by the card-issuing banks and network providers for each transaction.Β 

To make things easier for you, the fee summary will be displayed on the Review and Pay page before you proceed to make the payment. This will allow you to review the total amount you will be charged, including the transaction fee, before completing the payment.

We understand that transaction fees can be an inconvenience, but they are necessary to ensure the smooth and secure processing of your payment. We value transparency and want to ensure that you are fully informed about any fees associated with your payment.

If you have any further questions or concerns, please do not hesitate to contact our customer support team for assistance.

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