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What is a merchant account and why I need one to accept payments online?

  • eCommerce

A merchant account is an account that enables you to accept card payments (debit and credit) from your clients. The acquirer (Cim Finance Ltd) will provide you with the merchant account after a signed agreement establishing the terms and conditions including the settlement of your funds to your designated bank account.

How do I apply for a merchant account?

  • eCommerce

Please contact us either by email or phone and we will revert back to you within 24 hours (business days) to set up a meeting. It is free with no obligation. 

How long does the approval process take?

  • eCommerce

Once we receive your application form and the relevant documents, we shall proceed with our verification and vetting process. This should take 5 working days before we revert back to you with the approval decision.

Is there an application fee?

  • eCommerce

No, there is no application fee. All charges are only related to transaction processing.

Are there any types of business which are not allowed?

  • eCommerce

Yes, please find below some of the activities which we don’t accept:

  • Adult related content
  • Pharmaceuticals
  • Firearms
  • Replica/Counterfeit products
  • Child Pornography
  • Bestiality
  • Gambling
  • Aggregation of different industries

Please contact us to find out if your business line qualifies for a merchant account.

Which card can I accept?

  • eCommerce
  • Visa
  • MasterCard
  • Union Pay Intl

How long does it take to authorise a transaction online?

  • eCommerce

Transactions are normally processed within 3-5 seconds.

How secured is the Cim Finance Payment Gateway?

  • eCommerce

Our payment gateway is PCIDSS compliant, which is mandatory by Cards Association to handle cards transactions. We also provide 3D secure transaction processing, i.e., ‘Verified by Visa’, ‘MasterCard SecureCode’ and ‘UnionPay Online Payment’ (UPOP).

How will I receive the proceeds from my transactions?

  • eCommerce

We will transfer the proceeds from approved transactions (completed sales) to your designated bank account. Our merchant account team will provide you with weekly statements to easy-up your reconciliation process.  

Can I view my transactions being accepted?

  • eCommerce

Yes, you will have access to our secure online payment gateway where you will be able to view all your transactions (accepted, declined, refunded, etc) in a live environment. You will also have access to many other features including reports directly online. A login and password will be provided to you. 

What are the fees applicable?

  • eCommerce

Firstly, all fees applicable will be as per the agreement and there will no hidden fees. We have a dynamic and competitive pricing model based on your activity and profile mainly composed of:

  • A Merchant Service Commission (MSC) which is a % of the approved transaction amount
  • A fixed fee per transaction

Please contact us today to determine your pricing. 

How do I get started?

  • eCommerce

Contact us today via:

  • Email
  • Phone

Credit purchase

Shopping has never been so convenient

Fill in the information below and simulate your repayment capacity

Finance Amount (Rs)
Interest (%)
Repayment term
Part payment

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6 months

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

You are taking a lease

Leasing:
Price:
Age of Vehicle:
Period:
Down payment:

Monthly rental(Rs)

Finance amount (Rs)

Residual value

Repayment term (month)

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Cim Voyage

How about taking a vacation with your family and friends to explore other shores?

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Credit Facility

The solution to your immediate need for a credit facility!

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.