Bank Simpanan Nasional

Bank Simpanan Nasional (BSN) runs BSN Merchant Services in Malaysia. The offer centres on wired and wireless card terminals with contact and contactless acceptance of MyDebit, Visa and Mastercard.

Payment options

Merchants can offer EasyPay instalments to cardholders, receive merchant e-statements and, for selected merchants, take MOTO (mail order and telephone order) payments. MOTO is therefore not open to every client and depends on the bank's approval.

Onboarding

The bank publishes a list of corporate documents and account statements required to apply. Merchants should prepare company registration papers and bank records in advance, since the application is assessed on them.

What is not stated

Merchant discount rates, settlement timing and legal entity details were not found in the source material, so the pricing sheet and agreement should be requested before comparing BSN with other Malaysian acquirers.

Who it suits

Malaysian retailers and service outlets that value local debit acceptance through MyDebit together with international card schemes, and that may use instalment plans to support higher-ticket sales.