What are the fees and charges for Boost PayFlex?
1. What are the fees and charges for Boost PayFlex?
| PayFlex Payment Options | Pay in 30 days | Pay in 3, 6, 9 or 12 instalments |
| Wakalah Fee | 4% of transaction amount or RM5 (whichever higher), capped at RM10 |
RM5 fee for less than RM100 and RM10 fee for more than RM100 |
| Profit rate | None |
2.5% of transaction amount per month |
| Minimum transaction limit per purchase | RM10 | RM10 |
| Example |
Transaction amount: RM100
Wakalah Fee: 4% of RM100= RM4 RM4 < RM5, so Wakalah fee= RM5
Total payment amount: RM105 |
Transaction amount: RM1,000
Instalment details:
1st-month Instalment
2nd-month Instalment
3rd-month Instalment
Total Payment Amount: RM1,085 |
NOTE:
1. Boost may change the fees and 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.
3. Instalments of 6, 9 and 12 months are only available for selected customers.
2. Do I have to pay anything upfront when using PayFlex?
No, you don't have to pay anything upfront when using PayFlex. Your first installment will be due in 1 month's time.
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 Card holders 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.
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If you have more questions about PayFlex, chat with Boba, our new AI-powered chatbot who will be able to answer your questions swiftly.
If you are an existing PayFlex customer, you can find the help you need at our PayFlex Help Centre in the Boost app to receive help within 2-5 business days. Thank you for your patience!