Overview
RHB Bank is a Malaysian bank that provides businesses with merchant acquiring and business accounts. Its services cover POS and e-commerce acceptance as well as current accounts for companies.
Business accounts The bank offers a Business Current Account and an Islamic Current Account-i through its SME Online channel. The online route is designed for companies registered in Malaysia, with restrictions on the structure of directors and shareholders; other companies are directed to a branch.
Accepted cards - Visa; - Mastercard; - MyDebit.
MyDebit is Malaysia's national debit scheme. Many people in the country pay with these cards, so support matters to stores with a local audience: without it some buyers cannot pay the way they are used to, and domestic transactions usually cost less than international ones.
What bank acquiring changes When the bank provides acquiring, proceeds land in an account at the same bank, and both the account and payment acceptance are handled by one relationship manager. This suits businesses that already bank there, since the bank knows their turnover, which can make the review easier.
Terms RHB Bank Berhad is the legal entity. Fees, settlement timing and merchant requirements are set when the agreement is signed.
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