Disbursement of funds
Transactions
CAG Appointed Payment Service Providers
- 2c2p handles Visa, Mastercard, American Express, Union Pay, AliPay, WeChat Pay, Atome transactions.
- Liquid handles ChangiPay transactions.
Disbursement Schedule
- Monies paid by customers are collected by 2C2P & Liquid directly ➡️ Merchants will receive their sales proceeds in T+ 2 days.
Disbursement to Merchants = Gross Amount – [Promo Codes/ CR Points (If any)] – (2.8% MDR + 9% GST on MDR) + Shipping fees paid by customers customer
(Note: Amount paid without CAG Funded Promo Codes & Changi Rewards) - CAG Funded Promo Codes & Changi Rewards points redeemed by customers ➡️ Merchants will be reimbursed by CAG in T+ 14 days