Credit Card Acceptance for Retail Businesses

Credit Card Acceptance for Retail Businesses

A one-stop solution for all your retail payments and reconciliation needs

Credit Card Acceptance for Retail Businesses

A one-stop solution for all your retail payments and reconciliation needs

At a glance

DBS’ Credit Card Acceptance for retail businesses facilitates seamless payments for your customers and simplifies the reconciliation process. 

Key features include:

Comprehensive

Comprehensive

Omni-payment acceptance channels and services 

Customisation

Customisation

Payment solutions can be tailored to meet your specific needs 

Convenience

Convenience

View consolidated settlement reports on the DBS IDEAL portal

Benefits
All-in-one payment solution

All-in-one payment solution

Single terminal solution that facilitates Visa, MasterCard, JCB, and UPI payments 

Leverage new payment methods

Leverage new payment methods

Contactless Payment: PayPass, payWave, QuickPass 

Mobile Payment: Apple Pay, Samsung Pay, Google Pay, Android Pay 

Customised to meet business needs

Customised to meet business needs

Instalment payments 
DBS/POSB credit card holders can sign up for interest-free monthly instalments 

Dynamic Currency Conversion (DCC) Multi Currency 
DBS-engaged service providers can provide up to 11 different currencies for retail purchases

Eligibility & fees

Eligibility 

  • Business entity incorporated in Singapore with ACRA 
  • DBS Business Account with IDEAL access 
  • Physical Shop Front/Operating Office in Singapore 

Fees 

Fees and charges vary. Our relationship managers will provide a competitive quote based on your business. 

FAQs
How soon can I get my payment after settlement?

NETT amount will be credited to your designated DBS Business Account the next working day. 

Can I pass on the costs to customers paying with credit cards?

Merchants are not allowed to impose any minimum spend or pass any surcharge to customers paying with their credit cards. 

Who can I contact for payments related matter?
How to apply
Apply online

Apply online

Provide your business contact information, and we will arrange for a sales manager to speak to you.

Standard Merchant Acquisition Conditions apply

Call

Call

From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)