Tag: ABS rules
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny: Surcharges by Merchants Prohibited, Says DPM Gan
Overview: The PayNow Surcharge Question Singapore’s PayNow system, widely used by retailers and service providers, is governed by strict rules that prohibit merchants from imposing surcharges on customers for PayNow transactions. Yet, questions have arisen over a 10-cent fee charged by Singapore Pools for each PayNow transaction, including bets and prize claims. The issue has…
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny as Surcharges on PayNow Remain Prohibited
Singapore Pools’ PayNow Fee Draws Paraty Attention From Government and Public Singapore’s PayNow system is meant to offer a convenient, cost-free way for consumers to pay merchants using bank transfers. The key rule, however, is clear: merchants are not allowed to impose surcharges on customers for PayNow payments. Yet the issue of a 10-cent fee…