GST FAQ for Merchant
- Transaction fee such as MDR(Merchant Discount Rate), processing fee, gateway fee
- Tokenization fee on top of the total cost, while the following are the fees that listed inclusive of GST
- Settlement fee (inclusive GST)
- Mass payment fee (inclusive GST)
- Setup fee (inclusive GST)
- Annual fee (inclusive GST)
MOLPay charges and issues GST tax invoice in monthly basis.
(i) Total MDR Of Monthly Processing Volume April 2015
GST charged on top of the processing for that particular month.
(ii) Token Billing For May 2015
Secure 1-click or tokenization costs GST of the month
GST on the settlement fee. Unlike the above 2 items, this item fee is GST inclusive.