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This document outlines the agreement between 2C2P SYSTEM (MALAYSIA) SDN. BHD. and the applicant for the use of payment gateway services, outlining responsibilities, fees, and conditions for the receipt of payments for goods and services.
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How to fill out merchant service agreement

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How to fill out merchant service agreement

01
Read through the agreement carefully to understand all terms and conditions.
02
Gather necessary business information such as your business name, address, and tax identification number.
03
Provide detailed descriptions of the products or services you offer.
04
Fill in your anticipated transaction volumes and pricing information accurately.
05
Review fees associated with the service, including transaction rates and monthly fees.
06
Ensure you have included information for any additional services required, such as equipment needs.
07
Sign and date the agreement where indicated.
08
Submit the completed agreement to the merchant service provider.

Who needs merchant service agreement?

01
Any business that accepts credit or debit card payments.
02
Retail stores needing to process in-person card transactions.
03
E-commerce businesses that sell products or services online.
04
Service providers billing customers via card payments.
05
Nonprofits collecting donations through card transactions.
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A merchant service agreement is a contract between a business and a payment processor that outlines the terms and conditions for accepting electronic payments, including credit and debit card transactions.
Businesses that accept credit card payments or other electronic payment methods are required to file a merchant service agreement with a payment processor.
To fill out a merchant service agreement, the business owner must provide necessary information such as business name, contact details, banking information, and the type of services needed, then sign and date the agreement.
The purpose of a merchant service agreement is to establish the legal and operational framework for processing electronic payments, protecting both the merchant and the payment processor.
The information that must be reported on a merchant service agreement includes business name, address, tax identification number, banking details, type of business, estimated monthly sales volume, and specific payment processing requirements.
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Merchant Service Agreement Payment Gateway 2C2P Electronic Transactions Service Fees Customer Payments Tax Invoices Business Registration Bank Account Information Confidentiality

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