FPX Payment or Financial Process Exchange is a secure online payment gateway system that enables consumers to make real-time payment online by using their current or savings account. FPX is widely used among consumers as it provides convenience to purchase products at online stores.
The best part about using FPX Payment is that you don’t even have to register for it and it is free of any charges.
When using FPX Payment, you can easily make a payment between different banks. FPX also promotes efficiency through automation and it saves more time for the online transaction process. The operational cost is also reduced as the merchant only needs to connect and reconcile with one bank while having access to many banks. The payment is guaranteed; in other words, the payments are deducted real-time online. Once the payment has been done, notifications are sent to both parties. You can also keep up with your payments easily by reading the FPX transaction reports. Most importantly, FPX is a safe and secure authentication payment method.
For an individual banking account, the maximum amount is limited to RM 30,000.00/transaction. For corporate banking account, the maximum amount is limited to RM 1,000,000/transaction. However, the above limit depends on your Internet banking transaction limit.
For an individual banking account, the minimum amount is limited to RM1/transaction. For corporate banking account, the minimum amount is limited to RM2/transaction.