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Exposing how merchant convert RMB to MYR using wechat pay in MALAYSIA!

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Post time: 8-8-2018 06:15 PM
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Edited by michaelsoftdds at 8-8-2018 06:39 PM

Hello everyone,

It's great to see curiosity bring you guys here to get knowing about how to use Wechat-pay to collect RMB and convert to MYR.

Let's go back to the topic.

About Wechat red packet that already existed in Wechat transaction.

Important***
Wechat Red Packet RMB never could withdraw to our MY Local Bank.
--------------------------------------------------------------------------------------------------------------------------
What is Wechat-Pay?

1.Wechat-pay is a payment gateway authorized to us " Michaelsoft DDS Sdn. BHD" to register user account and promoting wechat pay here.

2.Wechat-pay act like an E-Wallet, that enable your ATM card link with your Wechat account.
Wechat-pay is likely a e-channel for transaction between Merchant and Buyer.

What currency does Wechat Pay accept?
1.Wechat pay do accept RMB and MYR. However, Wechat pay in Malaysia only do transaction between MYR and RMB.
2.Wechat pay will convert RMB to MYR, and transfer the money back to Merchant Account if the buyer is using RMB e-wallet, and the Merchant is using MYR e-Wallet.
3.All transaction done between Merchant and Buyer will always end up with the currency of MYR.

What is the benefits of using Wechat-Pay

1.It have a lower of transfer/charging rate compare to credit card.
Wechat pay = 1 %
Credit card  = 2 %

2.Protected transaction, Wechat pay has able of TAC and pin verification.
User need to key in thier encryted key inside wechat pay , and thier TAC code provide by their bank card to complete the transaction.


How to register Wechat pay Merchant Account?

As we mentioned at top, we're authorized by Tencent Wechat to promote and do registration of Merchant account in Malaysia.
If any Merchant or Businessman are interested of the Merchant, kindly drop us a mail we will get back to as soon as possible when we read your message.

There are few documents we need to verify during registration.

How is the transaction between Buyer & Merchant
https://www.youtube.com/watch?v=w9-luAhFyas&feature=youtu.be

How to bind your atm card with your Wechat Account
https://www.youtube.com/watch?v=FtFNjdvKcEY

SOLE PROPRIETORSHIP
• Business Registration File (SSM)
• Photocopy of NRIC or PASSPORT (Owner)
• Bank Statement (Latest 1 month, first page)
**Contact Person's Phone Statement (Last 3 month)
Required for WeChat Official Account Application  

---------------------------------------------------------------------------------------------
SDN BHD or BHD
• Business Registration File (SSM)
• Photocopy of NRIC or PASSPORT (Director)
• Photocopy of NRIC or PASSPORT (Shareholder)
• Photocopy of NRIC or PASSPORT (All Shareholder with 25% and above shares)
• Bank Statement (Latest 1 month, first page)
• Memorandum and Articles of Association (M&A)
• Form 24
• Form 49
• Form 44
• Section 14 (company registered after 2017)
**Form 32A - Change of Name of Shareholder or Shares transferred
**Contact Person's Phone Statement (Latest 3 months)
-Required for WeChat Official Account Application  


Lewis Tan
IT & Sales Executive
MichaelSoft DDS Sdn. Bhd. (767256-K)
WECHAT PAY MALAYSIA AUTHORIZED PARTNER
Tel: +6012 223 9319 | E-Mail: lewis@michaelsoft.com.my




Address
:11-2, Plaza Danau 2,
Jalan 2/109F,
Off Jalan Klang Lama,
Taman Danau Desa,
58100 Kuala Lumpur, Malaysia.
Telephone
Sales
Sales
Office
Support

:
:
:
:
+603 -7982 0872
+6016 -922 1248
+603 -7981 6878 (Office Hour)
+6019 -663 1248 (Off-Hours)
Website
E-Mail

:
:
http://www.michaelsoft.com.my
enquiry@michaelsoft.com.my
Fax
:+603 - 7980 7668
| WeChat Payment | WeChat Official Account | WeChat Marketing |
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Post time: 25-10-2018 12:32 PM
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michaelsoftdds replied at 24-10-2018 06:24 PM
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michaelsoftdds replied at 29-10-2018 11:07 AM
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