Why would merchants be interested in accepting mATM Payments?
Most merchants who accept cash payments today do so either because they do not want to absorb the costs associated with credit card payments (most banks charge their merchants a commission of 3% of the purchase amount for credit card payments), or they do not have access to any EDC equipment for accepting credit card or debit card payments. mATM Payments provide you with an ideal electronic payment method where you can process the payment transaction using your existing mobile phone at a nominal transaction fee (no additional fixed operating cost to carry). Banks will typically charge a fixed commission of Rp 3,000 to Rp 5,000 per payment transaction regardless of the purchase amount.
