Why isn Cosway a Partner Merchant?
The eV awarded on the card spending itself comes from a small percentage that Merchants were already paying to the Bank even before eCosway came along. The Bank (not the merchant) pays part of it to us and we turn it into eV and CVPs. The Merchants pay nothing directly to eCosway because the Partner Merchant agreements that Merchants sign allow Baiduri Bank to debit eCosway’s commission before funds are deposited into the Merchant’s account.
