Hello iPaymu friends!
Many businesses nowadays are conducting online transactions to expand their market reach. One way to facilitate online payments is by using payment services like iPaymu. However, for you (Business Owners) currently residing abroad and wishing to use iPaymu services, there are several conditions that must be met.
- Business Location in Indonesia
International merchants wishing to operate in Indonesia must have a business registered in Indonesia and possess a valid business permit from the authorized authorities. This is to ensure that the business operated by International merchants complies with the applicable requirements in Indonesia.
- Payment Method Must Use IDR
International merchants must use the Indonesian Rupiah (IDR) currency for payment transactions in Indonesia. This is to ensure that payment transactions conducted by International merchants in Indonesia can be regulated and monitored by Bank Indonesia.
- Have a Branch Office in Indonesia
International merchants must have a branch office in Indonesia to facilitate the management and supervision of business activities conducted in Indonesia.
- Registered Bank with Bank Indonesia
International merchants must register the bank used for payment transactions with Bank Indonesia. This is to ensure that payment transactions conducted by International merchants in Indonesia can be regulated and monitored by Bank Indonesia.
By meeting the above requirements, International merchants can join and use iPaymu services for payment transactions in Indonesia.