| eNETS Pte Ltd is a wholly owned subsidiary of NETS,
a company that in turn is owned by Singapore’s local
banks. Whereas NETS enables physical world payments
for the local PIN based debit and stored value card
services, eNETS, its subsidiary, enables online
payment services for Banks, merchants and other
payment gateways.
eNETS Credit
Setup Fee : $200
Annual Fee : $450
Transaction Fee : 4%
eNETS Debit
Setup Fee : $400
Annual Fee : $450
Transaction Fee : 3.5% or $1.50 (whichever higher)
All above fees are subject to GST (currently at 7%).
There will be a collateral fee of 20% for 6 months for eNETS Credit
transaction and
the collateral fee will be review 6 months later upon signing up.
Alternatively, you
can provide us with a Security Deposit or Bankers' Guarantee.
Payment will be credited into your company's bank account on a fortnight
basis
Please note that the setting up of an account will take around 6-8 weeks.
As a guide, our basic processing criteria includes:
1. Singapore business entity
2. Singapore bank account
Click here to download
eNETS FAQ on collateral deposit
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