Overview
Paydee is a merchant acquiring and payment services (PSP) provider focused on Malaysia. It helps shops and online services accept payments from customers and receive settlement for processed transactions.
What merchant acquiring means
An acquirer handles the payment on the seller's side: it runs authorisation, passes the transaction to the card network and credits the proceeds to the merchant's account. The PSP model suits a business that wants one contractor for the whole collection cycle instead of separate agreements with several banks.
Coverage
The working market is Malaysia. The service fits companies whose customers and legal entity are in the country, as well as foreign projects entering Malaysia through a local partner.
Legal entity and terms
Services are provided by Paydee Sdn Bhd; the Sdn Bhd form is a private limited company under Malaysian law. Pricing, the list of methods and settlement times are not published: they are quoted after the application is reviewed, based on the business model and expected volume.
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