Requirement |
Terminal Type |
|
---|---|---|
PSTN (Land Line Connections) |
GPRS (Wireless) |
|
Basic Requirements |
Business Registration |
Business Registration |
Account Type |
People's Bank Current Account/ Savings A/C |
People's Bank Current Account/ Savings A/C |
Monthly Minimum Turnover of the Account ( Total Credits in statics report for 6months) |
Above Rs. 1 Million Monthly Turnover |
Above Rs. 2 Million Monthly Turnover |
Target Card Sales |
Rs.150,000/- |
Rs.300,000/- |
Monthly Target Service fee |
Rs.2,500/- |
Rs.2,500/- |
Merchant Commission For LKR |
3 % |
3 % |
Merchant Commission For Foreign Currency |
3.5% - 4.0% |
3.5% - 4.0% |
Technical Requirement |
Fixed Land Telephone Line |
Availability of Dialog/Mobitel 3G/4G signal coverage |
People’s payment gateway is a merchant service provided by a world class e-commerce application service provider (CYBS by VISA) that authorizes Visa / Master card payments processing for e-businesses, online retailers
Charge Type |
Amount LKR |
---|---|
One time setup fee |
15,000.00 |
Discount rate |
LKR 3% |
Monthly maintenance Fee |
2000/- |
Collateral/Guarantee Bond |
500,000.00 |
Annual Fee |
50,000.00 |
(These rates may vary depending on the average transaction size, nature of the business & target clientele, etc )