Introducing 0% Installment via mPOS

CREDIT CARD PAYMENT SERVICE

ABOUT CREDIT CARD PAYMENT

Installment via credit card is a form of customers buying and paying with credit cards of banks through mPoS.vn card-accepting devices. After successful purchase, the amount the cardholder has to pay to the bank is divided monthly according to the term from 3 months to 1 year.

Customers who choose this form of installment payment must pay an installment conversion fee and the amount of the fee specified in the table below.

*Credit: A credit card is a card with a chip integrated with the cardholder's information and associated with the card issuing bank. Depending on your income, financial ability and credit history, the bank will provide you with an appropriate line of credit. When you shop with a credit card, you don't have to pay right away. Instead, the Bank will advance the money to the merchant via the card and you will pay back to the Bank later based on the credit limit granted. You can “pay back” the amount that the Bank has advanced over a certain period of time, usually up to 45 days.

CONDITIONS OF PARTICIPATION

Customer has a credit card of one of the banks linked in the table below.
The customer's credit card has a limit greater than the number of installment payment lines.
The installment payment amount must be more than 3 million VND, depending on the credit card issuing bank.

PAYMENT PROCESS PROCESS

Step 1: Choose to buy products
Step 2: Swiping credit card installment via mPoS.vn device
Step 3. Cardholder confirms installment transaction with credit card issuing bank

Bank	How cardholders register	note
Vietcombank	MPOS will send an installment registration report with the Bank to the cardholder after the transaction date. Cardholders do not need to perform any further procedures.
Eximbank	Fill out the Eximbank Form (download)	Cardholders do not call Eximbank
Maritime Bank	Cardholder calls the switchboard 1800599999 to sign up for installment payments.	According to Maritimebank's regulations, the bank will collect an additional 3% of the management fee for installment payments from cardholders with terms of 3, 9, 12 months. Particularly for the 6-month period, cardholders will not be charged extra.
VIB	Call the Bank 1800 8180 notice has “Transactions via mPOS”	Call before the 23rd of every month.
Citibank	MESSAGE	Cardholder text “0” to 6058 to get the link to the application Apply for Citi PayLite 0% Interest Installment Plan or register directly on the link Apply for Citi PayLite 0% Interest Installment Plan
Techcombank	Shops and cardholders don't need to do anything extra	According to Techcombank's regulations, the bank will charge cardholders an installment transaction conversion fee of *1.1%Transaction value** (VAT included, minimum VND 100.000/1 transaction).
OCB
Seabank
Shinhan – ANZ
Standard Charter
SCB (Saigon Bank)
FE Credit
South Asia Bank
HSBC
Kien Long Bank
TP Bank
Sacombank
VP Bank
BIDV

Step 4: Pay with the bank every month

The installment amount will be divided monthly and will be sent to the customer in the detailed statement. Customers must pay this amount on time so as not to incur additional interest from the bank.

FEES TO JOIN THE CREDIT CARD PAYMENT PROGRAM

Bank	3 month	6 month	9 month	12 month	Minimum transaction level
Vietcombank	2.5%	4.4%	5.4%	7.4%	3.000.000 VNĐ
Sacombank	x	4.4%	x	6.4%	3.000.000 VNĐ
Shinhan / ANZ	x	4.4%	5.4%	6.4%	3.000.000 VNĐ
HSBC	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
Citibank	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
VIB	2.5%	4.4%	5.4%	6.4%	2.000.000 VNĐ
Eximbank	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
Maritime Bank (*)	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
VP Bank	2.5%	4.4%	8.4%	9.4%	3.000.000 VNĐ
Techcombank (*)	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
Seabank	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
Standard Chartered	2.5%	4.4%	5.4%	6.4%	2.000.000 VNĐ
SCB	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
FE Credit	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
South Asia	x	4.4%	x	6.4%	3.000.000 VNĐ
OCB	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
Kien Long	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
TP Bank	2.5%	4.4%	5.4%	6.4%	3.000.000 VNĐ
BIDV	2.5%	4.4%	5.4%	6.4%	2.000.000 VNĐ

(*) For Maritimebank: According to Maritimebank's regulations, the bank will collect the cardholder 3% installment management fee on the transaction value for terms of 3, 9, 12 months. Particularly for a 6-month period, cardholders will not have to pay a 3% management fee.

(*) For Techcombank: According to Techcombank's regulations, the bank will charge cardholders an installment transaction conversion fee of 1.1%*Transaction value (VAT included, minimum VND 100.000/1 transaction). (>9,1 million=> calculated 1.1%)

FREQUENTLY ASKED QUESTIONS

WHAT IS CREDIT CARD PAYMENT?

Installment via credit card means that customers do not need to pay interest every month. But customers must have Credit Card of the above banks.

WHAT IS PAYMENT WITHOUT PAYING ? AND PAYMENT THROUGH CREDIT CARD ?

Customers do not need to pay cash, as long as customers have CREDIT credit cards of the above banks, they can pay for purchases without having to pay cash. The customer pays the installment conversion fee in advance depending on the time that the customer chooses (see the fee table above).

WHAT PRODUCTS ARE CUSTOMERS BUYING PAYMENT ?

All products on sale at QueenMobile have a price 3 million or more are purchased in installments without having to prove financial when using the cards of the aforementioned banks, including accessories and old machines.

WHAT WHAT IS THE CUSTOMER LIMIT IN Sufficient?

The customer will pay up to the amount available on the card and the rest must be paid in cash to the store.

Is there a CARD PAYMENT CHARGE?

Yes, but the cost is very low, which is the cost of converting to deferred payment. Fees are included in the fee table referenced above.

SO DO I HAVE TO PAY ANY FEES FOR CREDIT CARD PAYMENT?

Customers who choose this form of installment payment must pay an installment conversion fee and the amount of the fee specified by each bank.

This fee is called the deferred conversion fee. Normally, within 45 days, the customer has to pay this amount to the bank, but after making the contract, the customer can pay in installments as committed with the bank.

WHAT NEED ANY FINANCIAL PROVIDED ?

There is no need to prove financial because once you have a Credit card issued to you by your bank, you can participate in this program.