NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
/en/business/sme/financial-services/collection-solutions/pages/edc.aspx
Middle|Right
Green
Authorizing Credit Card Transactions by Merchant (EDC / Mini-EDC)
KWebPageContentHead
Accept payment via any method!
Boost sales opportunities!
All merchants can simplify their business!
Accept payment made
via credit or debit card
(VISA, MasterCard, JCB, UnionPay)
Accept payment by scanning QR Code of any mobile banking application and compatible E-Wallet
Accept payment made with Alipay and WeChat Pay from Chinese visitors
Cardholders may redeem points for discounts. (EDC only)
Apply today! No fee!
No application and installation fee
No device guarantee fee
No monthly device usage fee
Special MDR fee
Fee
| Payment acceptance method | Normal rate of MDR fee | Special rate of MDR fee |
| Debit card (issued by domestically registered financial institutions) | 0.55% | 0.55% |
| Domestic Card: Other banks’ non-premium credit cards (Classic, Gold) and all types of KBank cards | 2.00% | 1.60% |
| Domestic Card: Other banks’ premium credit cards (Platinum, Titanium, Infinite, Signature) | 2.50% | 2.40% |
| International Card: Non-Premium (Classic, Gold) | 2.80% | 2.15% |
| International Card: Premium (Platinum, Titanium, Infinite, Signature) | 3.00% | 2.75% |
| Thai QR Payment | 0.35% | 0.00% |
| Alipay and WeChat Pay | 1.60% | 1.60% |
คลิกและเลื่อนเพื่อดูข้อมูล
Service Details
| Eligibility |
|---|
- Legally registered merchants.
Location, physical condition, and products/services appropriate for accepting credit/debit cards. Business does not engage in any illegal or immoral activity. Merchant has no record of credit card fraud and has never been terminated as a card-accepting merchant by KBank or any other financial institution. KBank must be able to contact Merchant directly including by telephone.
|
| Required documentation |
|---|
Individual- For Thai nationals Copy of valid national ID card* (front side only) or copy of government*/state enterprise official card* together with a copy of house registration of authorized signatory and main contact person
- For foreigners Copy of passport* and copy of visa / work permit* of authorized signatory and main contact person together with copy of commercial registration certificate
- Store / Individual operating business Copy of commercial registration certificate* (issued not more than 3 months prior to submission)
- In case of authorization Power of Attorney and copy of national ID card* (front side only) (for Thai national) or copy of valid passport* and copy of valid visa/work permit* (in case of foreigners) of grantor and grantee
| Registered business- Copy of certificate of registration* or copy of certificate of incorporation* (issued not more than 3 months prior to submission
- Copy of valid national ID card* (front side only) or copy of valid government*/state enterprise official card* together with copy of house registration of authorized signatory (only the undersigned) and main contact person
- In case of authorization Power of Attorney and copy of national ID card* (front only) (for Thai national) or copy of valid passport* and copy of valid visa / work permit* (in case of foreigners) of grantor and grantee
|
| Additional document |
|---|
Application for EDC (SIM Card)- Application for mobile phone service AIS / DTAC
- Taxpayer ID/PhoPho. 20 (for VAT-registered store)
| |
In case of merchant's business is subject under special condition determine by KBANK additional documents |
How to apply
Click to download application form
After your documents are
verified as complete and accurate,
the approval result will be sent
via SMS, and the EDC will be
installed within 16 business days.
FAQ
Can merchants who are not registered apply for this service?
If the customer has swiped the card but then wants to cancel the transaction, can this be done immediately?
Cancellation of the application can be done immediately before the summary is created.
If there is no home phone available, can EDC be used?
The service can be used, as the bank has an EDC that works via SIM card.
How is Merchant Discount Rate (MDR) fee calculated?
|
For full payment |
| Product price: 10,000 Baht |
| MDR fee 3.00% | = 300 Baht |
| VAT 7% of MDR fee | = 21.00 Baht |
| Amount to be credited to the merchant’s account | = Product price - (MDR + VAT) |
| | = 10,000 - (300 + 21) |
| | = 9,679 Baht |
| | |
|
For Smart Pay The merchant pays installment fee. |
| Product price of 6,000 Baht is under a 6-month installment plan. |
|
1. Merchant’s expenses |
| MDR fee is 1.50% per transaction. |
| MDR fee 1.50% | = 90.00 Baht |
| VAT 7% of MDR fee | = 6.30 Baht |
| Monthly installment fee (0.80% x 6) | = 288.00 Baht |
| VAT 7% of monthly installment fee | = 20.16 Baht |
| Total fees | = 404.46 Baht |
| Amount to be credited to merchant’s account | = Product price - (MDR + Installment fee + VAT) |
| | = 6,000 - (90 + 6.30 + 288 +20.16) |
| | = 5,595.54 Baht |
|
2. Cardholder’s expenses |
| Pay 1,000 Baht for goods and services for 6 months with no interest charged. |
| |
|
Smart Pay Cardholder pays installment fee. |
| Price of product is 6,000 Baht under a 6-month installment plan. |
|
1. Merchant’s expenses |
| MDR fee is 1.50% per transaction. |
| MDR fee 1.50% | = 90.00 Baht |
| VAT 7% of MDR | = 6.30 Baht |
| Total fees | = 96.30 Baht |
| Amount to be credited to the merchant’s account | = Product price - (MDR + VAT) |
| | = 6,000 - (90 + 6.30) |
| | = 5,903.70 Baht |
|
2. Cardholder’s expenses |
| Pay 1,000 Baht for goods and services with monthly installment fee of 0.80 percent for 6 months. |
| Principal | = 6,000 Baht |
| Monthly installment fee (0.80% x 6) | = 288 Baht |
| Total payment | = Product price + Installment fee |
| | = 6,288 Baht |
| KBank will collect 1,048 Baht from the cardholder each month, for a period of 6 months. |
Where can I get a sales report/tax invoice?
You can obtain a sales report/tax invoice at the account holding branch.
Can I change from K-Plus Shop (mPOS) or EDC that I currently use, to Mini-EDC?
Yes. You may request to change the service via the K-BIZ Contact Center, 02-8888822, 24 hours a day.
What are the advantages of Mini-EDC compared to K-Plus Shop (mPOS)?
- Mini-EDC requires neither an application nor other peripheral equipment.
- User does not have to memorize Username or Password when conducting transactions.
- Mini-EDC has functions similar to those of SIM Card EDC, but is smaller and portable.
Where can I return any type of card accepting equipment?
You must send it back via registered postal mail to Payment Service Fulfillment Department (PA), 7th floor, KASIKORNBANK PCL,
Chaeng Watthana Main Branch, Muang Thong Thani Building, No. 47/7 Mu 3, Ban Mai Sub-district, Pak Kret District, Nonthaburi 11120.
Will I get the deposited device guarantee fee back?
Yes. If the device requires a guarantee fee, you’ll get the fee back upon returning the equipment. However, no guarantee fee is required at the moment.
When will the amount be credited to the merchant’s account after the merchant clicks “Settlement”?
| Device / Channel | Settlement | Payment tools |
| Card (by swiping / inserting / tapping card) | Card via QR code or barcode | Funds transfer / Funds transfer via QR code or barcode under Thai QR Standard | e-wallet | K Point |
| Domestic and foreign credit card / foreign debit card (VISA / MASTERCARD / JCB, closed-loop card) | UnionPay credit / debit card, TPN debit card, Xpress Cash card, domestic debit card (VISA / MASTERCARD) | Credit / debit card (VISA / MASTERCARD) UnionPay / TPN Credit / Debit Card Xpress Cash card | KBank, other commercial banks | Via QR code or barcode under Thai QR Standard | Alipay, Tenpay (WeChat Pay) and other e-wallets via QR code or barcode not under Thai QR Standard | |
| EDC | Cut-off time | 11:30 p.m. | 10:00 p.m. | 9:00 p.m. | 11:00 p.m. | 11:00 p.m. | 11:00 p.m. | 11:30 p.m. |
| Account credit | 4:00 a.m. onward on the following day | 4:00 p.m. onward on the following day | 4:00 a.m. onward on the following day | 11:00 p.m. onward | 11:00 p.m. onward | 2:00 p.m. onward on the following business day upon approval by e-wallet service provider | 4:00 a.m. onward on the following day |
Click for more information
Remarks
- “QR Code or Barcode” refers to “Payment Code” in the Agreement for K-Merchant.
- “Closed-loop card” refers to electronic cards issued or jointly issued by KBank, not being a member of the Card Scheme Provider.
- KBank will credit into the Merchant’s deposit account the amount less fee, VAT and withholding tax (if any). No deposit interest shall be calculated on the amount for goods/services which has not been credited to the Merchant’s account.
