Resumen
Bank Muamalat is a Malaysian bank that provides companies with merchant acquiring. A merchant can accept payments both at the point of sale and online and receive settlement from the bank.
Methods and channels
- card acquiring;
- ePOS, electronic point-of-sale terminals;
- e-commerce payments;
- MyDebit, Malaysia's national debit network.
MyDebit support matters for serving local shoppers: many people in the country use debit cards on this network, so without it some local shoppers could not pay with the card they normally use.
Who it suits
- retail stores and chains in Malaysia;
- online stores selling to local customers;
- companies that want both terminals and online checkout from one bank.
Legal entity
Services are provided by Bank Muamalat Malaysia Berhad, a Malaysian banking institution. For the merchant this means a contract directly with the bank, without an intermediary provider.
Geography and terms
The market is Malaysia. Fees, settlement timing and document requirements are not listed on the card; the bank shares them when opening a merchant account.
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