When guest payor paid collector with a local (Singapore issued) Mastercard via Collet link, customers may be eligible for a lower processing fee.
What is this offer?
At checkout, Mastercard users may see an option to opt in to a lower processing fee.
If selected:
The customer pays a reduced processing fee
The discount is applied instantly at checkout
The final payable amount is updated before payment is completed
How to opt in
During payment checkout:
Select Mastercard as your payment method.
Enter your Singapore-issued Mastercard details
Look for the promo offer on the payment screen
Click to opt in to the lower fee
Proceed with payment
Important: No card rewards applied
If the payor (customer) opts in to the lower fee offer:
The card issuer will not award any credit card rewards, cashback, or points for that transaction
This is due to the promotional pricing applied to the payment transaction
Why does this happen?
Promotional pricing reduces processing fees, and in exchange:
The transaction is excluded from card issuer reward programs