Payment Services Setup
Payment Services Setup is refers to the process of configuring and activating different payment methods that a business can offer to its customers. This is the main heading indicating that the user needs to select the desired payment services for their business.
1. Bank Payment Channels
Bank Payment Channels This option allows customers to make payments through various bank channels, such as bank apps, bank counters, and bank agents.
To be able to process Bank Payment Channels, we need to select the payment service and click the Next Step as shown below:
1.1. Settlement Method
settlement service that best suits your business. We offer two options: Hub Payment Settlement & Direct Payment Settlement.
1.1.1. Hub Payment Settlement
Hub Payment: With Hub Payment Settlement all payments will be settled to Biller's single account at selected HUB Provider (or settlement bank). With this method you, as a Biller requires only to have account at HUB provider, while your Payers/Customers may utilize payment channels of other banks. Reconciliation report with one bank account only.
Choose the Service Provider you want to enable for your business. And then click Next button.
Select collection bank want to launch (all customers who make a payment through the collection partner bank will pay to the same Hub provider bank). Then click the Save button.
1.1.2. Direct Payment Settlement
Direct Payment Settlement: Direct settlement requires payer/customer and the biller to have accounts at the same bank. You, as a Biller may receive payments only from customers of that mutual bank.
Choose the Service Provider you want to enable for your business. And then click Next button.
1.2. Settlement Account Information
Account Information: please enter the settlement account details where you want payments to be deposited. Provide the account name and number, and then click Save button.
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NOTE: Please fill at least one currency.
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2. Checkout/Deeplink
Checkout/Deeplink This option enables customers to make payments directly through the business's platform, such as a mobile app, website, or POS.
To be able to process payments from your business, We can look at points Bank Payment Channels.
3. Direct Debit
Direct Debit This option allows for auto payment bill from your portal.
4. KHQR
KHQR Payment This option integrates QR code payments into the business's system, allowing customers to make payments easily using any financial app that is a member of Bakong.
To be able to process KHQR Payment, we need to select the KHQR Payment and click the Next Step as shown below:
4.1. KHQR Settlement Method
KHQR: Collect payment from multiple bank that is KHQR's member and sttle to your KHQR provider account.
4.2. Service Provider
Choose the Service Provider you want to enable for your business. And then click Next button.
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Note: Currently, Have only one bank for KHQR service.
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4.3. Settlement Account Information
Account Information: please enter the settlement account details where you want payments to be deposited. Provide the account name and number, And then click Save button.
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NOTE: Please fill at least one currency.
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