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Boost PayFlex Fees & Charges Guide

PayFlex offers three payment options for purchases made through Boost: pay in full within 30 days with a wakalah fee of 4% or RM5, pay in 3 installments with a RM10 flat fee per transaction and a 2.5% profit rate on each installment, or a minimum purchase of RM100. An example is provided showing the fees for a RM100 purchase paid in full (RM5 fee) and a RM1,000 purchase paid in 3 installments (RM10 fee plus 2.5% profit rate on each installment). Customers are advised to check Boost for any updates to fees and charges.

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131 views2 pages

Boost PayFlex Fees & Charges Guide

PayFlex offers three payment options for purchases made through Boost: pay in full within 30 days with a wakalah fee of 4% or RM5, pay in 3 installments with a RM10 flat fee per transaction and a 2.5% profit rate on each installment, or a minimum purchase of RM100. An example is provided showing the fees for a RM100 purchase paid in full (RM5 fee) and a RM1,000 purchase paid in 3 installments (RM10 fee plus 2.5% profit rate on each installment). Customers are advised to check Boost for any updates to fees and charges.

Uploaded by

Christy1127
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Fees & Charges for PayFlex

1.What are the fees and charges for Boost PayFlex?

PayFlex Payment Pay in 30 days Pay in 3 Instalments


Methods
Wakalah Fee 4% of transaction amount or RM10 flat fee per transaction
RM5 (whichever higher),
capped at RM10

Profit rate None 2.5% of transaction amount. Payable


on each instalment due date

Minimum Transaction RM 5 RM 100


limit per purchase

Example Transaction Amount: RM100 Transaction Amount: RM1,000

Wakalah fee: 4% of RM100 = RM4 Instalment details:


RM4 < RM5, so Wakalah fee = RM5
1st-month Instalment
Total Payment Amount: RM105 ▫ 1st Instalment Amount = RM333.33
▫ Wakalah fee = RM10
▫ Profit rate (2.5%) = RM25

2nd-month Instalment
▫ 2nd Instalment Amount =
RM333.33
▫ Profit rate (2.5%) = RM25

3rd-month Instalment
▫ 3rd Instalment Amount = RM333.34
▫ Profit rate (2.5%) = RM25

Total Payment Amount: RM1,085

NOTE:
1. Boost may change the fees & charges from time-to-time. Customer is advised to check the latest fees
and charges on Boost App or website before making a transaction.
2. Where applicable, a Sales and Services Tax (SST), stamping fee, Wakalah Fee, and/or Profit Rate may be
applicable.
2. Do I have to pay anything upfront when using PayFlex?

No, you don't have to pay anything upfront when using PayFlex. Your 1st installment will be due in 1 month.

3. What are the fees and charges when using PayFlex with Beyond card at Mastercard merchants?

Please refer to the table above for the fees and charges. Beyond cardholders can also use PayFlex to enjoy all the
rewards that come with Mastercard Travel Rewards

4.What happens if I miss a Boost PayFlex payment?

If you miss a Boost PayFlex payment, you will be charged a late payment fee of 1% per annum calculated daily.

For more information about PayFlex, please refer to Boost PayFlex Website & FAQ or Boost Support and FAQ

Updated on October 2023

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