SLS Non-cash payment

[ispuser]

Does SLS still charge additional 1% for non-cash payments like NETS or credit cards? Thanks.

 

[Matrix23x]

NETs no though, paywave/credit cards i heard is 2% was it? SLS downstairs got posb/dbs ATM if you need if not you can paynow to them also.

 

[ispuser]

NETs no though, paywave/credit cards i heard is 2% was it? SLS downstairs got posb/dbs ATM if you need if not you can paynow to them also.

NETs and Paynow will do, since not comfortable to carry so much cash. Thanks for the reply!

 

[dreamer_toons]

Some shops will charge extra for NETS payment, so they encourage customers to use PayNow instead.

 

[royfrosty]

NETS/Paynow should be no transact fees.
Credit card depends on certain shops 2-3%
There is however 1 or 2 shops still don't charge credit card transact fee. However their pricing are mainly SRP to begin with.

 

[KYZT2021]

arbo see if can use grabpay for points too

 

[m0n0n0ke]

I think most got paylah already

 

[Godzilla]

I just purchased a router from Dynacore in SLS. I wanted to pay by NETS but they will charge 1% extra. So decided to pay by PayNow.

 

[m0n0n0ke]

I just purchased a router from Dynacore in SLS. I wanted to pay by NETS but they will charge 1% extra. So decided to pay by PayNow.

What bought? Big item ?

 

[SEvsNK]

Thank god for paynow. Still remembering those times when atm don’t have enough notes to dispense

 

[jkohlc2]

now got paynow liao

 

[crystalnox]

More like 3% for credit cards, 1% I'll gladly pay.

 

[Euqorab]

Im surprise the practice is still prevalent this day and age
But however no complain because good deals there

 

[Goodshot]

Im surprise the practice is still prevalent this day and age
But however no complain because good deals there

Their profit too little to become gst company. They have no choice

 

[Euqorab]

Their profit too little to become gst company. They have no choice

I meaned the nets surcharge
But any way, revenue above $1 million dollar need to be gst registered hence most should be because one graphical card already 1 thousand dollar and up

 

[Teo Ming Ern]

Im surprise the practice is still prevalent this day and age
But however no complain because good deals there

I meaned the nets surcharge
But any way, revenue above $1 million dollar need to be gst registered hence most should be because one graphical card already 1 thousand dollar and up

This is a longstanding practice and it exists cos they're not big enough to strike a bargain with the credit companies to either waive or reduce the charge or have large enough turnover or profit margin to absorb the credit charge... it used to be free using NETS to pay but now there's also that 1% charge... so I use cash... cos I'm not a fan of PayNow or Paylah cos of the direct link to one's bank account... best would be to have a general e-wallet like the Touch & Go App that Malaysia has which can be topped up By credit card... you get credit card points, merchant doesn't have to pay credit fees and everyone goes home happy...

 

[crystalnox]

This is a longstanding practice and it exists cos they're not big enough to strike a bargain with the credit companies to either waive or reduce the charge or have large enough turnover or profit margin to absorb the credit charge... it used to be free using NETS to pay but now there's also that 1% charge... so I use cash... cos I'm not a fan of PayNow or Paylah cos of the direct link to one's bank account... best would be to have a general e-wallet like the Touch & Go App that Malaysia has which can be topped up By credit card... you get credit card points, merchant doesn't have to pay credit fees and everyone goes home happy...

Alternatively, everyone should have more than one bank account, where the one linked to Paynow is for daily use and doesn't hold too much cash at any one time. It blows my mind when I see people drawing money from ATMs with high 6 digit balance accounts and leaving it for the world/next person in queue to see.

 

[darkmatt]

I meaned the nets surcharge
But any way, revenue above $1 million dollar need to be gst registered hence most should be because one graphical card already 1 thousand dollar and up

$1 million profit. not revenue. different

 

[Yongkit]

$1 million profit. not revenue. different

I believed he is correct to mentioned $1mil revenue or turnover before cost of sales, profit is used to calculated after cost of sales.

 

[Phen8210]

This is a longstanding practice and it exists cos they're not big enough to strike a bargain with the credit companies to either waive or reduce the charge or have large enough turnover or profit margin to absorb the credit charge... it used to be free using NETS to pay but now there's also that 1% charge... so I use cash... cos I'm not a fan of PayNow or Paylah cos of the direct link to one's bank account... best would be to have a general e-wallet like the Touch & Go App that Malaysia has which can be topped up By credit card... you get credit card points, merchant doesn't have to pay credit fees and everyone goes home happy...

I don't even know why we need like 200 of the same shops. All low-effort reselling business that anyone can do.