Visa Easy Payment Service gives you and your customers a fast, convenient checkout.
No signatures or PINs
Nearly all card-present transactions under SGD $200 apply.
Eliminates receipt requirement
Cut the paperwork.
Merchants in most MCCs are eligible.
Visa’s chip card technology helps protect in-store payments against counterfeit cards by generating a unique, one-time code before the transaction can be approved.
Beginning 1 October 2015, liability for in-store counterfeit fraud will shift to the party – either the issuing financial institution or the merchant - that has not adopted chip technology.
Q + A
Frequently asked questions about Visa Easy Payment Service.
Merchants must belong to one of the eligible Merchant Category Codes (MCCs) to participate (98% of MCCs are eligible).
To qualify, a transaction:
Must be a Visa or Visa Electron transaction
Must take place at a qualified merchant
Must be SGD $200 or under if conducted in a face-to-face environment
Must be authorised by the card issuer
No. Merchants do not need to sign up with Visa to participate in the VEPS programme. There is no additional fee.
Changes to the device are not mandatory, but may be beneficial to streamline transactions. Merchants should work with their acquirer to determine if device changes are needed.
Merchants using magnetic stripe, chip, and contactless technologies can all benefit from VEPS. All VEPS qualifying transactions follow normal acceptance procedures. The major difference? No signature is required and receipts are only required by request.
Interested in VEPS?
Contact your acquirer to learn more about the benefits of VEPS.