Seylan M-Pay


Make your business smarter, by transforming your Smartphone into Mobile credit card terminal, changing the way a business can support any Credit & Debit card payments. Irrespective of the size of your business, Seylan Bank M-Pay will help you to accept payments, securely anywhere, anytime, especially if you are away from your usual venue.

Features:

  • No monthly revenue commitment
  • No need of security deposits or collaterals 
  • Device connectivity via Bluetooth technology
  • Reduce the risk of carrying cash.
  • Support card processing from mobile environment
  • Works with iOS and Android mobile platform.
  • Acquire more customers with Credit and Debit card payments, anywhere, anytime.
  • Daily Auto settlement for Seylan Accountholders.

Fees:
Price of the device (refundable within first year)

Device Price - LKR
Standard Device 4,000.00
PIN Pad Device 9,500.00

Merchant Discount Rate (MDR) –

  • 3.50% if the monthly turnover < Rs.500,000/-
  • 2.75% if the monthly turnover > Rs.500,000/-

How do you become a Seylan M-PAY merchant?

How does it work?

STEP 1 – ENTER AMOUNT

STEP 2 – INSERT OR SWIPE CARD

STEP 3 – GET A SIGNATURE

Get started: Contact your nearest Seylan Bank or call 0112 008 888 / 0117 776 777 (CBA: Service Provider) to sign up for a free device.

How secure is it?

  • Security practices accepted by the industry are applied with the system, authentications when accessing your M-Pay system and transactions.
  • No card or payment information is stored on your mobile device as its being encrypted at the time of swipe and stored immediately in a secure hosted environment at Seylan Bank
  • Fast and reliable Bluetooth card reader
  • Provide customers with instant e-receipts via email / sms alerts.

What are the procedures in M-Pay?

Do not forget:

  • It’s important for you to read the “Terms and Conditions” for M-Pay before registering yourself.
  • Ensure all the information provided by you is accurate.
  • Update your phone number with the bank to experience better service.
  • "Log Out" Whenever you are not accessing your accounts you areadvised not to divulge the password to anyone.

Applications & Agreements

  • POS Section 1
  • POS Section 2
  • POS Merchant Agreement