When four hundred online businesses were charged for not registering their enterprise with the Companies Commission of Malaysia (SSM) in 2010, it stirred up the whole on-line enterprise communities in Malaysia.
Payment Method: In Malaysia, you possibly can sign up with firms corresponding to PayPal Malaysia, iPay88 or MOLPay (formerly referred to as NBePay) as a payment gateway to your gross sales transaction. These are trusted and respected firms and potential buyers have no hesitation to purchase out of your web site. iPay88 and MOLPay also settle for Malaysian Online Bank switch, to cater to prospects who should not have a bank card. You may additionally opt for direct debit via Internet Banking reminiscent of Maybank2u however a potential buyer could also be hesitant to transfer their cash earlier than receiving the products, if they aren’t familiar with your organization.
We spoke earlier of CCM’s requirement for everybody to be registered, to do business on-line. When we think about the huge potentials of on-line business in Malaysia, registering as a business entity is a small issue. In fact, that’s one way to achieve trust from your potential patrons. As reported in all main newspapers on 16th Sept 2014, Chief Executive Officer of the Companies Commission of Malaysia (SSM), Datuk Mohd Naim Daruwish had again reminded those that do business online to register with SSM. This includes business that sells their product by social networking websites equivalent to Facebook and Instagram.
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