EasyDebit is a microATM and MPOS solution that utilises a secure MPOS device and Android smart phone to provide ATM and payment services at any merchant location. The PIN verification process enables easy access cash for all ATM cardholders, providing a smart & convenient way of withdrawing cash and paying for goods and services.
You must be a registered business, you can sign up here and submit the necessary business documentation for your business type.
Once the necessary documentation is submitted and you pass the KYC check you should receive your device within 7 working days.
To become an EasyDebit accredited merchant we will conduct KYC check. KYC stands for Know Your Customer. It is a process where we validate the above submitted business documents before you can become and EasyDebit accredited merchant. Provided all the correct documentation is provided this process takes less than one week.
Any smartphone or tablet which operate with the Android operating system can be used to offer EasyDebit services.
(eg. I would like to offer only Cash Out to my customers and not accept card for payments of goods and services.)
Yes, with EasyDebit you can decide upon the services you would like to be activated.
EasyDebit accepts all BancNet member ATMs OR debit cards for Cash Out and Payment transactions.
Cash Out:
All applicants must submit a completed Merchant Information Sheet and a copy of the following documentation depending upon your business type:
Payments:
All applicants must submit a completed Merchant Information Sheet and a copy of the following documentation depending upon your business type:
EasyDebit operates on a minimum of a 2g data connection or a wifi connection. The EasyDebit mobile application only operates on an android smartphone or tablet.
We are happy to answer any questions, you can just send us an email at [email protected] and our sales team will be happy to assist.
EasyDebit Cash Out allows business to offer Cash Withdrawal service to their cardholders. EasyDebit also allows business to offer their cardholder balance inquiries.
EasyDebit charges a convenience fee to cardholders, your business makes minimum of PHP 10.00 per transaction
EasyDebit accepts all BancNet Member ATMs and debit cards.
EasyDebit allows for the withdrawal of PHP 10,000 per Cash Out transaction. The maximum daily withdrawal amount per cardholder is determined by the cardholders issuing bank. Merchants can also choose not to process a transaction if the amount requested exceeds the available funds.
EasyDebit never stores cardholder’s information and collects details in the most secure manner. All devices are PCI DSS compliant and even EMV ready. PCI DSS is a worldwide accepted data security standard to ensure safety of card transactions and protect cardholders in handling sensitive information.
The cash given to the cardholder comes from the existing revolving fund of the business. You get to approve each transaction, so if you have insufficient funds for the amount requested you can decline the transaction.
You will be settled the withdrawal amount plus your commission on EasyDebit cash out transactions through your nominated settlement bank account.
BDO/CTBC settled merchants will receive their settlement the next banking day. Non-BDO/CTBC settled merchants will receive their settlement after 2 to 3 banking days.
EasyDebit Payments allows merchants to customers to pay for the goods and services with their debit cards.
The Merchant Discount Rate is the rate charged to a merchant for payment processing services on debit and credit card transactions. The merchant must setup this service and agree to the rate prior to accepting debit and credit cards as payment.
An MDR of 3% applies to all EasyDebit Card Payment transactions.
All funds are settled to your nominated bank account within 4-5 business days.
With EasyDebit's Card Payment, you don't earn per transaction but you earn additional revenue through offering increased payment options to customers.
If you are an existing EasyDebit merchant and would like to accept Card Payment with EasyDebit you will be required to complete a Cash Management Master Agreement.
All local BancNet member bank ATMs or debit cards.
There is NO average daily balance required to accept card payments with EasyDebit.
EasyDebit never stores cardholder’s information and collects details in the most secure manner. All devices are PCI DSS compliant and even EMV ready. PCI DSS is a worldwide accepted data security standard to ensure safety of card transactions and protect cardholders in handling sensitive information.
