Overview
Service Description
PesoPay eCommerce Standard
Second settlement currency option
(Peso or Dollar)
Second account onwards
(same time as first application)
Second account onwards (separate
period from first application)
AsiaPay manages your ePayment on three levels as we create your merchant account:
One Time Setup
• For setup of sub-merchant account
under PesoPay
• For application processing on your
behalf with the acquiring bank
• Technical and operations support,
production account and key setup
arrangement with the bank
• Unique merchant ID issued to you
• Your merchant name will be
reflected in your customer's billing
statement
Requirements:
Single Proprietorship
• DTI Business Registration
• Original / Renewal Application for
Trade Name
• BIR Registration
• Mayor's Permit
• Notarized Special Power of Attorney,
if signed by a person other than the
registered owner
• Audited financial statement
• Whois Lookup print out for domain
registration
PesoPay forms:
1. PesoPay Payment Service application form
2. PesoPay Service Agreement
3. BIR/SEC Business Registration, Corporate Account Bank Statement (recent 3 months) - Attach these to the PesoPay
application form
Bank forms:
4. Merchant Information Sheet
5. Secretarial Certificate Form
6. Tripartite agreement between Equitable, AsiaPay and your company
First year
Php 34,200
Php 17,100
Php 15,800
Php 21,600
Security Licenses
• For the use of PesoPay platform:
firewall, hardware, database,
network, and anti-fraud securities
• Licenses for SSL and real-time
credit card authentication
• Technical support
• PayAlert, fraud-check, 3D Secure
services
Partnership
• SEC Registration
• Articles of Partnership
• By Laws
• DTI Business Registration if Partner
Name differs from Business Name
• BIR Registration Certificate
• Mayor's Permit
• Notarized Partnership Resolution/
Secretary's Certificate authorizing
the Signatory to enter into an
Agreement with Equitable Card
Network Inc.
• Audited financial statement
• Whois Lookup print out for domain
registration
Subsequent year
Php 19,200
Php 9,600
Php 9,600
Php 9,600
Per Transaction
• 4.5% MDR (by acquiring bank) +
Php 6.00 PesoPay handling fee for
successful transactions, regardless
of the amount
• Instead of Php 500,000 minimum
security deposit required by the
Bank, a 30-day deferred payment
settlement is adopted.
• Payout frequency is every 1st and
16th of the month
• Payment is made via checks less
MDR and PesoPay handling fee
• All credit card transactions are
subject to 0.5% withholding tax
Corporation
• SEC Registration
• Articles of Incorporation
• By Laws
• DTI Business Registration if
Corporate Name differs from
Business Name
• BIR Registration Certificate
• Mayor's Permit
• Notarized Board Resolution/
Secretary's Certificate authorizing
the company to enter into an
Agreement with Equitable Card
Network Inc., and the assignment
of authorized signatory
• Audited financial statement
• Whois Lookup print out for domain
registration
 PesoPay eCommerce (Credit Card) Service Plan

1. FREE PayAlert Service (Anti-fraud)

2. FREE PayCart Shopping Cart module
3. Includes PesoPay Expess Activation

Special Philippine Introductory Offer until March 31, 2008

Plan Description Premier Plan Standard Plan

PESO or DOLLAR settlement PESO or DOLLAR settlement
Merchant Account Direct Internet Merchant Account
PesoPay Master Merchant Account
with bank
Deposit Subject to BDO Equitable PCI Not Required
Bank
Choice of Credit Card Visa, MasterCard, American Express, JCB
Choice of Account Currency PHP Philippine Peso
Deferred Payment N/A 30 days
Payout Frequency Daily subject to bank 1st and 16th every month
Transaction Support (real-time) Sales, Authorized, Void Sales, Authorized, Void, Refund
Merchant description on statement Full Merchant name Full Merchant name
Average Setup Lead Time (approx.) Upon completed application Upon completed application
submission: submission:
4 weeks 4 weeks

Monthly Transaction Upper Limit Subject to BDO Equitable PCI Subject to BDO Equitable PCI Bank
Bank

Service Pricing
PesoPay Account Setup (one time) 4 PHP 24,000 PHP 15,000
(All rates VAT Inclusive)
PesoPay Account Monthly Fee (prepaid 12 PHP 2,800 PHP 1,600
months) 5 (All rates VAT Inclusive)

Transaction Processing Fee - Bank’s Merchant Discount Rate+ 4.5%

for successful transactions only 0.5% + PHP 6.00
(* with PayAlert, fraud-check and 3D service) or PHP 8.00 per transaction; (To be automatically deducted)
(All rates VAT Inclusive) whichever is greater
(To be billed)
Testing Account Support Fee (optional) waived waived
(All rates VAT Inclusive) PHP 4,500 PHP 4,500
 Chargeback Processing Fee Subject to BDO Equitable PCI PHP 500 per case
(All rates VAT Inclusive) Bank

Valued-added Services and Support

PayCart Shopping Cart module Provided Free Provided Free
Payment link tools Provided Free Provided Free
Account eStatement Provided by bank Provided Free
Monthly Statement / Settlement Fee Provided Free Provided Free
Settlement Exchange Rate Charges Provided Free Provided Free
Refund Handling Fee Provided Free Provided Free
Chargeback Support Provided Free Provided Free

Remarks :

1. The competitive payment service plans are offered for commercial companies registered in the Philippines. All fees
(except transaction fee) are to be paid in advance and are not refundable.

2. Instead of adopting bank’s practice requesting merchant a guarantee deposit from 1-3 months sales to safeguard
business risk, an alternate merchant control of 30-day deferred payment is adopted.

3. PesoPay Account Setup fee includes the service and support on application processing, implementation technical and
operations support and production account and key setup arrangement with the bank.

It includes the basic setup for Visa, MasterCard, American Express, and JCB for Philippine Peso currency. PesoPay
Account Monthly Fee includes the account service and use of the PesoPay platform and technical support. For non-
Premier plans, it also covers the service and support on account settlement reconcilement, merchant settlement twice a
month, and refund processing.

PesoPay Account Setup fee also includes PesoPay expess activation service, which comprises the basic setup and
activation of the following in the Merchant's website: shopping page, customer profile registration, check out page which
will be integrated to PesoPay payment page when the merchant account is turned over.

The fee is a 12 month pre-payment for the basic package service and support for Visa, MasterCard, American Express,
and JCB of Philippine Peso currency.

4. PesoPay will charge PHP 6.00 pesos on transaction processing while our bank partner may charge 4.5% subject to
bank’s final offer and merchant’s prior eCommerce history.

5. The average fee starts from 4.5% and maybe tiered down based on future sales volume. Higher fee may be charged for
merchants with higher risk business models (e.g. intangible goods and services) or payment transaction of micro payment
nature. Final fee percentage is subject to application assessment and approval.