retail-store-credit-cards

Credit Card Acceptance for Retail Businesses

One-stop payment solution for all your business needs

Credit Card Acceptance for Retail Businesses

One-stop payment solution for all your business needs

At a Glance
Making payment seamless for your customers and reconciliation a breeze
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Comprehensive

Omni payment acceptance channels and services

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Customisation

Tailor your payment solution needs with your relationship manager

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Convenience

View your consolidated settlement reports in a single portal – DBS IDEAL

Features & Benefits
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All-in-one payment solution

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

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Leverage new payment methods

  • Contactless Payment: PayPass, payWave, QuickPass 
  • Mobile Payment: Apple Pay, Samsung Pay, Google Pay, Android Pay  
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Customised to your business needs

  • Instalment payments
    DBS/ POSB credit card holders have the option to sign up for interest-free monthly instalments.
  • Dynamic Currency Conversion(DCC)
    Multi Currency

    DBS-engaged service providers can process up to 11 different currencies for retail purchases
Eligibility
  • Business entity incorporated in Singapore with ACRA 
  • DBS Business Account with IDEAL access 
  • Physical Shop Front/ Operating Office in Singapore  
How to Apply
or call us at 1800 222 2200

Standard Merchant Acquisition Conditions apply.

Download PDF
For merchant account maintenance or additional terminal (existing merchant only)

You may complete and email the form to retailmerchant@dbs.com. Upon receipt of the completed form, we will require 5 working days to process your request. Do note the form is to be signed by Bank Mandate / Authorised signatory as per Board Resolution

For Mastercard POS Stationery (existing merchant only)

You may complete the POS Stationery form and email the form to retailmerchant@dbs.com. Upon receipt of the completed form, we will require 5 working days to process your request. Do note quantities above 20 pieces will be delivered by DBS Vendor

FAQs
What are the fees and charges?

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

How soon can I get my payment after the settlement?

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

Who can I contact if I encounter payment related issues?

Email us at merchantpayment@dbs.com within 7 calendar days.

Who can I contact for authorisation related issues?

For authorisation related issues, please contact our 24/7 DBS Authorisation Hotline at 1800 835 0106.

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.

Client Testimonials

Choosing DBS allow us to reduce cash handlings at my shop and make payment seamless for both customer and myself. Overall, I am impressed with DBS merchant team’s services.

Mr Ong Wei Sheng
Director of Big Fish Small Fish

Working with DBS has been such a great experience!... The integration between DBS and Xero has made banking and reconciliation so much easier so we can spend more time on expanding the business. 

Ms Diana Teo
Co-Founder of Waa Cow!