maybank2u-pay-intro

Maybank2u Pay is a new payment facility that designed purposely for small and home businesses conducting transactions online. With the Maybank2u Pay, the shopper no need to enter the lengthy account numbers when transfer the money to the seller. It allow seller to easy reconciliation of sales transaction as well as it’s more systematic and convenient.

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Why use Maybank2u Pay?

Running an online business isn’t just about making sales. It involves sourcing for new products, constantly updating your blog, taking great photos for visual guide and many more back-end tasks. Going through receipts and proof of purchase can be time consuming and confusing, if there are a lot of transactions going on at once.

Chances are, mistakes are inevitable and sometimes, it can affect your online business. With this new payment facility, you can enjoy all the benefits below:

  • Easy reconciliation of sales transactions as there is a differentiation between normal funds transfers & Maybank2u Pay
  • Email notification on every transaction
  • View your sales transaction history for the past 60 days via Maybank2u
  • Detailed sales transactions under Maybank2u Pay History:
    • transaction date & time
    • transaction details & status
    • buyer’s name & email
    • amount transferred

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How does Maybank2u Pay benefit your online shoppers?

As a shopper, the overall online shopping experience determines whether a return visit is worth it, or not. Often, shoppers get turned off by lengthy payment processes, so getting Maybank2u Pay can really turn things for the better. With this new payment facility:

  • Payment method is simplified through Maybank2u and payment can be made directly to the seller’s account via a simple button.
  • There’s no need to remember the seller’s account number, so the payment process is simplified.
  • No need for proof of payment (i.e. scan / copy of payment receipt) to the seller.

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Here’s how to register for Maybank2u Pay

  1. Login to Maybank2u
  2. Click on Maybank2u Pay from the Maybank2u main menu
  3. Click on ‘Apply for Maybank2u Pay’ to register for Maybank2u Pay
  4. Read and accept the Terms and Conditions. Click ‘Continue’ to proceed to the Registration screen
  5. Provide business details including Business Name, Business Email, Account Number, Business Phone Number, Business Address, Business URL and Business Category. Click ‘Continue’.
  6. Click ‘Request a TAC’ and enter the TAC.
  7. Click ‘Confirm’ if all the details entered are correct or click on ‘Go Back’ to edit the details
  8. Customer will receive a confirmation that the application has been accepted and customers will be notified via email within 1 working day on the application status

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Things You Should Do As A Seller

E-Commerce owners using the Maybank2u Pay facility are encouraged to post a write up on Maybank2u Pay in their respective E-Commerce shop. This is to notify buyers that the E-Commerce shop is using Maybank2u Pay and at the same time, educate buyers on the do’s and don’ts when using Maybank2u Pay. E-Commerce owners can refer to the guide below for your write up on Maybank2u Pay:
How to use.

  • Click on the Maybank2u Pay icon on the blogshop and login to Maybank2u.
  • Seller’s name will be automatically displayed. Shopper is to select the type of account and enter your email address, amount and description of transaction. The shopper must read and accept the Disclaimer before proceeding to the next screen.
  • Click ‘Continue’.
  • Click ‘Request a TAC Number’. TAC number will be sent to shopper’s mobile phone. Enter the TAC Number and click ‘Confirm’ to proceed with payment or click ‘Go back’ to go to the previous screen.
  • Shopper can print screen and save the payment confirmation for record and future reference.
  • Shopper will receive an email as a confirmation of the completed transaction.
  • Sellers are advised to place the Maybank2u Pay icon on the main page of their E-Commerce website so that it is visible to the buyers.
  • Sellers are also advised to post a write up on Maybank2u Pay in their E-Commerce website to notify buyers that the E-Commerce website are using Maybank2u Pay. You can refer to the Maybank2u Pay Guide, for your write up on Maybank2u Pay

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Although the Maybank2u Pay is consider a new Payment Facilities in Malaysia if compare to the 3th part payment gateway such as iPay88 or MOLPay, because of the free charges + there is no any integration needed in order to start accept payment, I believe very soon it will gain the trust from the SME E-Commerce owner to apply. You may check their existing Blog Shop List at Maybank2u Website.

 

Maybank2u Pay Ad on TV

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23 Comments

  1. Jaeden 21/01/2014 at 4:51 pm

    Is Maybank2U Pay requires the buyer to have Maybank2u too? Do they accept credit card from other banks?


    1. David 21/01/2014 at 5:46 pm

      Yes, Maybank2U Pay require the payer to have Maybank2u online account too. It actually allow your fund sender to skip the step to enter the merchant account number and name.

      It’s not accepting any credit card as per up to date. Because their target user for Maybank2U Pay is those seller who are selling at their Facebook or blog without using any Payment Gateway.


  2. Melissa L 17/02/2014 at 5:39 pm

    Hi, do you mind posting the link to register Maybank2u Pay? I can’t seem to find it. Also how do you integrate in Facebook?


    1. David 17/02/2014 at 8:23 pm

      In order to register for the Maybank2u Pay, you need to have the Maybank2u account.

      1. Log into your maybank2u account
      2. At the Maybank2u home page, click on the Maybank2u Pay
      3. Click on “Apply for Maybank2u Pay”
      4. Check the Agree T&C than proceed.
      5. Maybank officer will contact you personally to do the verification
      6. They will provide you the link which will link to your M2U account

      I not too sure on what you mean integrate in Facebook, do you using any application on your Facebook to sell product?


  3. lily 10/06/2014 at 3:20 pm

    Can I apply it to wordpress?


    1. David 10/06/2014 at 3:56 pm

      Yes, you can apply it to wordpress.

      It’s just a piece of script where you just copy and paste to wherever place you like.


  4. Alex 29/01/2015 at 12:51 pm

    Hi,
    Can maybank2u pay be use to multi seller? For example, i open e store to seller in my website then the seller can use maybank2u pay mode to make their transaction between seller and buyer


    1. David 29/01/2015 at 1:35 pm

      The Maybank2u Pay is directly pay to your Maybank account, the payer no need to fill in your account number and name again when they open the Maybank2u page. They just click the link and login to their Maybank2u online, fill up the amount and make payment.

      If u want to let’s your seller to received payment directly from the buyer, all of the seller need to request for the Maybank2u Pay from Maybank directly and paste the link in your website. In short, it’s not sharable for difference seller.

      Hope I answer your question correctly.


      1. Alex 16/05/2015 at 8:59 am

        May i know how can i get the Maybank2u Pay key code?

        Thank You


        1. David 16/05/2015 at 9:12 am

          You may login to your Maybank2u page, than at your M2U home page, 3th column 3th rows, you will see the Maybank2u Pay link. Follow the step to apply for the Maybank2u Pay code.

          I think it may take few days for process and you can login to your Maybank2u again to get the code once it’s approved.

          Hope this will help you


          1. Alex 26/05/2015 at 9:27 am

            Hi,

            May I know maybank2u payment gateway can be use for many seller?

            Thank You


          2. David 26/05/2015 at 9:39 am

            The script will link to one of your Maybank2u account, you can paste to as many website as you like but you cant share with other seller.

            else all those money will go to your bank account, if other seller OK with that, than should be no problem.


          3. Alex 26/05/2015 at 9:44 am

            Hi,

            Because my website is marketplace or online shopping website, so i may involve some seller that will selling their product in my website. And different seller will have different bank account information. My purpose is buyer can direct pay to seller, so they no need involve any third party.

            Thank You


          4. David 26/05/2015 at 10:31 am

            If that’s the case, maybe u need to get every of your seller to apply for the M2U Pay, than plugin the code into your system, so once the client checkout, you can detach which seller should received the payment, than only you display out the particular seller M2U Pay script.

            But the main purpose for M2U pay is for those casual seller, who dont have a proper shopping cart system to run their online business, so for those seller who have a complete shopping cart system, it’s recommended to go for those proper payment gateway such as iPay88 or eGHL.

            My experience about M2U Pay is that you having problem to track back your transaction. if that’s a lot of transaction coming in per day, than you will having big problem. their role is just to simplify the normal fund transfer step only, but not mainly for online shopping cart system.

            You need to consider again for your case.


  5. Genie 20/05/2015 at 8:26 pm

    I’ve been applying for many times and returned with suspended status. Could it be because my account is a personal account not associated with my business registration?


    1. David 20/05/2015 at 9:56 pm

      I not sure about the suspended status, but my MBB account also under my personal account and not associated to any business registration. You may try to call up maybank2u customer service regarding this. But what I can thinking of is that the time when I register for the Maybank2u Pay is the time they are just start to push the product, so the verification procedure may not that tie as compare to now.

      Good luck and hope you able to get the Maybank2u Pay ready soon.


  6. TEOH ZEGWEI 03/12/2015 at 9:07 am

    Hi, what cost to apply this service and how much it is charging per transaction ?


    1. David 03/12/2015 at 9:21 am

      There is no cost to apply for the M2U Pay, and there is no charging fees for every single transaction that done via M2U Pay.

      This product is mainly focus on those small seller which have only very less transactions per day, because M2U Pay it’s just simplify version of normal fund transfer, you cannot track any transaction detail or any order ID from your Maybank2u online account.

      I experience it before if there is more than few client bank in the difference amount of money to you, you will need to follow up with your client before you can confirm the payment.

      If you thinking to do e-commerce in a proper way, iPay88, Paypal, eGHL still your best friend.


  7. Srinivasa Rao 31/10/2016 at 4:53 pm

    I would like to Maybank2u Pay integrate with my asp.net system and after payment done i would like to know the payment status so that i can close the transaction. Is there any way i can know the transaction status like success or failure.

    I got the script from bank but there don’t have status of the transaction.


    1. David 07/11/2016 at 10:37 pm

      I think the Maybank2u Pay is not for the integration purpose, they are focus on those seller who doing the business at blogsite but not the proper e-commerce website. They just help your buyer to pre-fill up the seller bank account detail to skip the step for them to make the payment via the Maybank2u website only. It’s not suitable for those website who have a lot of sales and you need to do the bank reconsolidation manually one by one, it may not that feasible.

      If you want to do the integration using ASP.Net, you may looking for those 3rd party payment gateway such as iPay88 or Paypal, which more suit for your need.


  8. eddi yusof 25/08/2017 at 2:56 am

    Hi…how do I get script code for maybank payment gateaway ? Already registered Maybank2u pay.


    1. David 26/08/2017 at 9:09 am

      I not sure about the current workflow as I applied the Maybank2u Pay few years back, I believe your application may be processed for 1-2 weeks time, than you should received the PM in your Maybank2u account.

      You may check regularly on your Maybank2u account messenger part and see, they should attach everything in the PM to you including the coding to be include into your website.

      Thanks


  9. Alex Lai 04/10/2017 at 4:03 pm

    Would you please elaborate more on how to apply the script in wordpress?
    I search high and low and not able to find any firm answer. Thanks.


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