Author: alexhalfborg
-
Shopee Fees Keep Going Up. Here’s What Sellers Are Doing About It.
If you’ve been selling on Shopee for the past couple of years, you’ve probably noticed something uncomfortable: the fees keep climbing. It used to be small increases. A fraction of a percent here, a new service charge there. Easy enough to absorb. But lately, the rises have been bigger and more frequent. And for many…
-
7 PayNow Mistakes That Cost Businesses Money (and How to Fix Them)
PayNow is one of the fastest ways to get paid in Singapore, but it can go wrong if not set up correctly. Small mistakes can quietly kill your conversion rate, create customer support headaches, and cause missed or duplicate payments. Here are 7 common PayNow setup mistakes online sellers in Singapore make, and what to…
-
Understanding PayNow Recipient Formats: UEN, Mobile, and VPA/Wallet
PayNow is a way to receive money transfers. And depending on how you set it up, the money can go to your bank account, or your eWallet. For example, you can link your mobile number to your UOB bank account. Or you can link your company UEN to your corporate DBS bank account. But did…
-
What a Condominium Fraud Case Can Teach E-commerce Sellers About Safer PayNow Payments
Mothership.sg recently reported that a condominium property manager embezzled funds 69 times by diverting payments into his personal account. And the way that it was done was through PayNow. For sellers, there is a valuable lesson here. You see, the payments above were sent via PayNow that was linked to a personal mobile number. Accepting payments via PayNow to…
-
What is SGQR PayNow And Do You Need It In Your eCommerce Store?
A few years ago, when QR payments were just starting to take off, it was common to see shops and restaurants display multiple QR codes at their cashier counter. For example, there was one QR code for PayNow, one for GrabPay, one for FavePay. And when a new payments startup entered the market, you had…
-
What’s the Difference Between PayNow and PayLah?
When you want to make digital payments in Singapore, two names always pop up: PayNow and PayLah!. You see both logos at hawker centres, or your friends might ask to “PayNow” or “PayLah!” you for dinner. Due to both having similar names, it’s easy to get them mixed up. So, what’s the real difference between…
-
Common Reasons For “PayNow Rejected” And How To Fix It
PayNow is supposed to be instant, so sudden failures can be surprising. Below are the some of most frequent causes of PayNow failures. 1) Recipient not registered to PayNow Symptoms: When you input a PayNow recipient (usually a mobile number), their name should appear on screen. If you don’t see a name, or a blank,…
-
PayNow UEN QR Code: What It Is, Why It Matters, And How To Get One
In January last year. Sarah started her home-based bakery. As she received her first few orders from friends and family, she simply asked them to PayNow to her personal mobile number. But the turning point came during the Xmas festive season rush. Overwhelmed with a huge increase in orders, she started seeing more customer payments…
-
Should You Install PayNow for Stripe or WooPayments When Selling in Singapore?
In your excitement to launch your WooCommerce store, it’s tempting to just activate all the recommended plugins. And when it comes to payments, the plugin that gets pushed front and centre is WooCommerce’s own WooPayments, as well as PayPal Payments. Since they are both marked as “Official” and WooPayments is “Recommended”, it makes sense to…
-
QR Payments in Singapore: A Practical Guide for New Ecommerce Sellers
After the pandemic, there was a clear surge in people using QR codes in their daily lives. And when it comes to QR payments, more consumers are using it to pay, preferring it over credit cards. This shift is not by chance, as it comes alongside government pushes to promote cashless payments as part of…