I managed to accumulate RM100 last week, a settlement was done on last Friday. I received an email from SenangPay regarding a settlement has been made, and how much will be Giro into my account. SenangPay bank account is belongs to Bank Islam. So if your bank account is not from Bank Islam, the money will be transferred through Giro, unless your account is from Bank Islam, then it will be directly transfer to your account.
senangPay will transfer your money every WEDNESDAY and FRIDAY. Below are the example schedule for your reference.
1. Settlement on WEDNESDAY : Every transaction that happened on the previous week on day : Wednesday, Thursday & Friday
2. Settlement on FRIDAY : Every transaction that happened on the previous week on day : Saturday, Sunday, Monday, Tuesday
3. If the withdrawal day happened to become a public holiday, senangPay will transfer the money on the next working day.
4. Both payment from your Credit / Debit Card & FPX Online Banking transactions will be transferred to you as per above schedule.
Earlier, i talked about the altervative payment gateway for woocommerce, which is SenangPay sign up. After i upload the required documents, my account get verified in just 1 working days! Once my account get verified, i enabled the SenangPay on my Woocommerce site. In fact, you can use your SenangPay service even your account has yet to verified, just that SenangPay is not able to process your settlement. All your money will be hold until your account get verified and only then will release to your account.
I have enabled the SenangPay service for about 5 days. So far, there were 2 transactions made through this gateway. The total amount is less than the RM100 (minimum settlement amount is RM100), hopefully there will be more transaction made through SenangPay from my Woocommerce site, so that i would able to come across how is the SenangPay settlement process.
Will keep you guys posted once my SenangPay account has started the settlement process. Stay tuned!
I have been running few Woocommerce shopping websites, and the only online payment gateway that runs on the website is Paypal. Is not because i love Paypal, is because it is the easiest to apply, compare to Molpay and Ipay88. Some more, Paypal is ready to use in Woocommerce. Not like Molpay and Ipay88, which you need to develop your own plugin with the provided API, and it is not viable for those who doesn’t php programming like me.
Until recently, i realized there is another player in Malaysia online payment gateway – SenangPay. Who offer Woocommerce plugin. Setup is easy by just download the plugin, enable it, insert the Merchant ID and secret key and done (Available under your Senangpay account).
After read through their website (www.senangpay.my), Senangpay is charging 3% for credit card transaction and RM1.50 for FPX transaction. The application seems very easy. Register online, choose your package (RM100 per year or RM300 per year) and upload the required documents (business registration license and bank account statement.).
I have just signed up and uploaded the neccessarily documents, let’s see how it goes!