MOL has developed MOL SafePay, an ‘escrow’ based secure payment solution in collaboration with eBay for their Malaysian marketplace, eBay.com.my. MOL SafePay is a Malaysian developed payment mechanism which facilitates person to person fund transfer securely on eBay.com.my, enabling safe online purchases and sales to be carried out. Funds that are transmitted between a Buyer and a Seller on eBay.com.my will be managed by MOL SafePay as part of the transaction process.

MOL SafePay will temporarily hold payment from the Buyer until the merchandise is delivered by the Seller. Upon successful delivery, MOL SafePay will release the payment to the Seller by crediting his/her MOL Freedom Prepaid MasterCard. The Seller may then withdraw cash using the MOL Freedom Prepaid MasterCard at any EON Bank or Cirrus ATM nationwide. In both instances, Buyers and Sellers are protected with the verification done by MOL SafePay. 

This collaboration aims to promote a secure online trading environment where local users can buy and sell with peace of mind and enjoy the boundless opportunity that the eBay marketplace provides. For more information, please visit safepay.mol.com.

Ganesh Kumar Bangah, Chief Executive Officer of MOL AccessPortal said, “We are honoured to collaborate with eBay on the launch of MOL SafePay. The MOL SafePay solution completes the payment ecosystem in Malaysia that we have built over the last five years. With this, we provide our partners a method of collecting payments through MOLePoints, paying customers through MOL Freedom and today with MOL SafePay, a method for person to person transfer, in line with the advent of Web 2.0. We hope to duplicate this ecosystem regionally in the near future with our partners.”

“We are pleased to work with MOL AccessPortal to provide our local users with a secure payment solution that will enable them to trade more effectively on eBay.com.my,” said Sam McDonagh, Director for eBay Southeast Asia. “With MOL SafePay, Malaysian shoppers can transact safely when purchasing items on eBay and sellers will be able to withdraw funds from their domestic sales in Ringgit Malaysia at their convenience.”

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