Frequently Asked Questions
Faspay 101
Faspay, the first Indonesia’s official payment gateway registered in Central Bank of Indonesia, has served Indonesia’s online and offline businesses for more than a decade. Faspay allows business owners to accept online payments from various payment options, ranging from Internet Banking, Mobile Banking, Virtual Account, e-Money, Credit Card, Online Credit to Retail Payment conveniently and securely anytime and anywhere.
Faspay differentiates itself by:
- Faspay provides Merchant Page to help merchant with real time information to view and analyze transaction data. Our reliable team will help all merchants to solve all your needs.
- Quick integration within your website. Technically you can start accepting payments online within 7 days.
- Fully integrated online fraud detection system for your credit card transactions.
- Our reliable team is committed to support merchants and to find the best solutions for any issues that merchant are facing.
- We provide single API for all payment channels connection.
- Complete online debit services.
- Faspay provides all kinds of online payment solutions to help merchants accept online payment and to disburse funds anytime and anywhere.
- Award winning Payment Gateway from year to year.
Fees
First of all, we don’t have any signup/setup fees. You only pay when you make money. We do not charge for failed transactions.
Faspay is committed to help all businesses to grow by accepting online payment easily. The financial flow in a business is the crucial. Therefore, Faspay is here to support business owners to reduce cost and get more profit.
Besides e-Commerce, now every business can accept online payment. Not only online business, conventional businesses like school, hotel, financial services, etc now have a new demand to accept online payment to help them to monitor all transaction, reconcile payment, and to help the business growth. Please contact us for the pricelist details.
We want to be your partner to help your business grow and maximize revenues. We understand that different merchants have different needs in terms of margin levels, security requirements, transactions volume and more. Please feel free to contact us if you have any concern or question on the fees.
Credit Card
We are currently connected to BCA, BRI, Mandiri, and Danamon as the credit card acquiring banks. Merchants can choose which bank they would like to work with. Settlement will be done directly from Acquiring Banks to merchants.
Debit services (Visa/Mastercard)
Please contact us for information detail.
Faspay applies only flat fee, MDR is to be negotiated by merchant with Banks directly
Process of refunds is free (between bank and merchants) but the initial transaction charge cannot be returned.
No, we do not have charge-back fee for merchants. However, the merchant will need to refund the money to credit card holder for that particular transaction that is in dispute.
Settlement
Merchant will receive funds from real-time (D+0) up to D+3 depending on the payment method used by your customer. You will receive the settlement report on D+1 through email. Here are the types of payment channels with the settlement time:
| Virtual Account | ||
| 1 | BCA VA (Direct) | D+0 |
| 2 | BCA VA (Aggregator) | D+1 |
| 3 | Danamon VA | D+1 |
| 4 | BRI VA (Direct) | D+0 |
| 5 | BRI VA (Aggregator) | D+1 |
| 6 | BNI VA | D+1 |
| 7 | Mandiri VA | D+1 |
| 8 | Permata VA (Direct) | D+0 |
| 9 | Permata VA (Aggregator) | D+1 |
| 10 | MAYBANK VA | D+1 |
| 11 | CIMB Niaga VA | D+1 |
| 12 | Sinarmas VA | D+1 |
| 13 | BNC VA | D+1 |
| 14 | BSI VA | D+3 |
| Credit Card | ||
| 15 | Credit Card (Aggregator) | D+3 |
| 16 | Credit Card Mandiri | D+2 |
| 17 | Credit Card CIMB | D+2 |
| 18 | Credit Card Danamon | D+2 |
| 19 | Credit Card BCA | D+2 |
| Internet Banking | ||
| 20 | CIMB Clicks | D+1 |
| 21 | Danamon Online | D+1 |
| 22 | BCA KlikPay | D+0 |
| 23 | BRIMO | D+0 |
| 24 | Rekpon CIMB | D+1 |
| 25 | OCTO Mobile | D+1 |
| 26 | Permata Net | D+1 |
| 27 | Maybank 2U | D+1 |
| E-Wallet | ||
| 28 | SAKUKU | D+1 |
| 29 | OVO | D+2 |
| 30 | QRIS | D+2 |
| 31 | ShopeePay | D+2 |
| 32 | LinkAja (WCO & Applink) | D+1 |
| 33 | Dana (Debit & Credit) | D+3 |
| Convinence Store | ||
| 34 | Indomaret Group | D+3 |
| 35 | Alfamart Group | D+3 |
| Online Credit | ||
| 36 | Kredivo | Tuesday and Thursday |
| 37 | Kredivo (Direct) | D+0 |
| 38 | Akulaku | D+1 |
| 39 | Indodana | D+2 |
| 40 | BRI Ceria | D+1 |
| Online Debit | ||
| 41 | B-Secure | D+2 |
| 42 | BRI Direct Debit | D+1 |
We apply a grace period to support your introduction of new payment methods to your customers before a reasonable minimum volume is applied. We will work together with you to figure out the best period and minimum volume for your online business.
Yes, we can separate authorization and settlement period for the credit card transaction. Merchant can void transaction any time before the settlement for example, the product is out of stock.
Yes, Faspay can accept international credit cards with Visa, MasterCard, JCB & AMEX logo.
Profile & Account
Faspay has created a Merchant Page, a centralized dashboard for each merchant to help them check every transaction status (e.g. Void transaction, refund, etc).
Yes, you can have a sub-merchants if the condition is both you and the sub-merchants are in the same Limited Liability Company and have the same settlement account.
Security
Faspay provides fraud detection system. Each merchant is assigned to a specific set of fraud detection rules. These rules may include checks on IP address location, transaction frequency, and size, etc. Every transaction needs to pass this set of rules and depending on the outcome, a transaction will be approved, denied or challenged. For all challenged transactions, the merchant can decide automatically or manually to accept or deny the transaction depending on the merchant's risk tolerance.
Yes. In processing credit card transactions, our certified system as a PCI DSS Level 1 Service Provider to process your cardholder data securely based on a globally accepted international standard.
Partner with Faspay
Faspay offers competitive prices. We also charge no additional costs, no maintenance fees, set up fees, fraud detection system fees, as well as other additional costs.
Yes, we also accept partners from abroad. To discuss about the partnership form, you can contact partnership@faspay.co.id
The payment methods we provide vary from debit and credit payment methods such as Internet Banking, Mobile Banking, Virtual Accounts, e-Money, Retail Payment, Credit Cards to Online Credit.
Required documents to be completed by propsective partners are listed below:
Once you officially join as Faspay’s partner, you will gain an access to our discussion forum for more detailed information regarding integration support.
Faspay Business
Faspay Business is one of Faspay services which provide online payment solutions for online businesses that will help business owners to pay online payments through a variety of payment channel options. Through a one-time integrated process, your online business can connect with a variety of payment channel choices.
You can choose a variety of payment methods with credit or debit channels, ranging from internet banking, mobile banking, virtual accounts, e-wallet, online credit, credit cards, to retail payment.
Here are the various features of Faspay Business service:
- Pay per transaction
- Fastest Settlement
- Multi-payment channels
- Credit card installments
- Real-time dashboard
- Fraud detection system
- Marketing support program
You can manage and monitor all bills and payment status through the Faspay dashboard. Merchants will also get a daily report and a settlement report that will be sent by D+1.
You only need to follow a few steps to connect with Faspay Business service. In the first step, you need to register at www.faspay.co.id/registration. Complete all data needed and submit the data. After that, there will be an integration process to your website by using the Faspay’s API and you will start receiving payments through the Faspay Business service.
Yes, Faspay Business can be used for individual business entities. Please contact hello@faspay.co.id for more information.
Faspay Billing
Faspay Billing is one of Faspay services that allow you to create email invoicing that will let you collect payment with various channels. Faspay Billing dashboard allows you to track down the payment billing status, either paid or pending.
Our centralized dashboard will help you track down payment billing status, either paid or pending as well as checking the real time transaction report.
Similar to the payment method at Faspay Business, you can choose a variety of payment methods with credit or debit channels, ranging from internet banking, mobile banking, virtual accounts, e-money, online credit, credit cards, to retail payment.
- Credit card installment
- E-mail masking & notification
- Mass Billing
- Payment link
- Scheduled and recurring billing
- File attachment
- Reminder feature
- Easy customization
Merchants will receive funds from real-time (D+0) up to D+3 depending on the payment method used by your customer.
You can use the Faspay Billing service to send all types of bills. Faspay Billing service is suitable for those of you who have an offline based business and want to receive payments online.
Almost all types of industries have used Faspay Billing service. Top business sectors that have used Faspay Billing service are residence, education, hospitality, and many other sectors.
You can manage and monitor all bills and payment status through the Faspay dashboard. Merchants will also get a daily report and a settlement report that will be sent by the day after the settlement has been processed.
You only need to follow a few steps to connect with Faspay Billing service. In the first step, you need to register at www.faspay.co.id/registration. Complete all data needed and send that data. Without an integrated process, you will be given access to the Faspay Billing dashboard and can directly use the Faspay Billing features and service.
Yes, Faspay bills can be used for individual business entities. Please contact hello@faspay.co.id for more information.
Faspay SendMe
Disbursement service is a fund transfer service that Faspay provide to its merchant. We will be one stop solution for Merchant to do mass transfer to all banks in a real time.
We can provide our disbursement service to a company that need to do mass transfer to all banks with simple way.
You can use disbursement service for refund to your customer, paying out supplier, paying out user, disburse loan to your user, etc.
Faspay whom provide Faspay SendMe already has a license from Bank of Indonesia 20/406/DKSP/Srt/B, make Faspay a legal company to do a fund transfer.
Faspay SendMe already as a BI License with registration number 20/406/DKSP/Srt/B and certification number 20/237/DKSP/84.
We have a flat fee of Rp. 5.000 / transaction before tax and it will be auto deducted from your balance per transaction.
You need to fill in our registration form and complete your legal document then submit to us. Register Here
Our registration itself will take about 2 working days and for integration it depends on your team. Usually will be around 5 to 10 working days for integration until LIVE
We will provide you the dashboard to check your balance, manage your transaction, and download your daily report.
All of our Faspay’s SendMe registered merchant can use the dashboard. We will provide an account to login at merchant page and you can check our dashboard to see your transaction.
You can download your report from our dashboard.
You can top up your balance through bank transfer and ATM transfer to our bank account without any limitation per day.
If your balance has not been added within 4 hours from your top up time, please contact our customer care so we can help to check your transaction.