[Sales for Digital Contents] How to join Eximbay -Non businesses (individuals)
  • 04 May 2022
  • 6 Minutes to read
  • Dark
    Light
  • PDF

[Sales for Digital Contents] How to join Eximbay -Non businesses (individuals)

  • Dark
    Light
  • PDF

Business owners and even non-business individuals can sign up for PG as long as they meet the review requirements. Domestic and overseas credit card payments are possible, and it will take about 7 business days for the PG to be ready for use.

▶ Documents that must be submitted to Eximbay

  • Documents that must be submitted to Eximbay
  • Electronic contract, copy of resident register, copy of settlement account, and must sign up for surety insurance

▶ Payment methods offered

  • Domestic credit cards (Hyundai Card, Samsung Card, Shinhan Card, Nonghyup Card, BC Card, Hana Card, Lotte Card, KB Card)
  • Overseas credit cards (Visa, Mastercard, JCB, Amex, Diners, Discover, Unionpay)

▶ Service Application Process

STEP1 STEP2STEP3STEP4STEP5STEP6

Basic Settings Legal / Terms of Service Operational Policy Settings in b.stage

Eximbay Service Contract Application

KEY settings issued from Eximbay

Shopping settings review request  to b.stage

Shopping settings review approval from b.stageComplete

STEP1 : 

  • Go to [SETTINGS > Basic Settings] on b.stage and fill out all information.
  • Read through [SETTINGS > Legal/Terms of Service] on b.stage in detail, and fill out the product sales operational policy.
  • Enter the business information in [SETTINGS > Homepage Settings] on b.stage.
  • Under the terms of service in [SETTINGS > Homepage Settings] in b.stage, you are required to enter the [Member Terms of Use], [Privacy Policy], and [Youth Protection Policy].

  STEP2 :

  • Click the Eximbay linkand fill out the application.
    • When it moves onto the "Reviewing" step after filling out the information, Eximbay will send an electronic contract to the administrator's e-mail.
  • Attach a copy of your settlement account bankbook according to the process.
  • How to sign the electronic contract
  • Please register for surety insurance.
    • Surety Insurance Coverage Amount: 10 million won (You may be asked to increase this amount depending on sales volume)
    • Surety Insurance Registration Date: Eximbay service registration date
    • Register for surety insurance: Link

STEP3:

  • When Eximbay receives your application, you will receive the MID and secret key via e-mail.
  • Go to [SETTINGS > Shopping Settings] on b.stage and click the [Next] button below "I already signed the contract".

STEP4:

  • [[EXIMBAY] Set the payment method and currency.] Fill out the required fields in the step.
    • Enter the payment method (ex: credit card or easy payment) for one-time payments and recurring payments.
    • You cannot change the payment currency settings, so those who intend on making global sales should select both KRW and USD from the start.
    •  Enter the MID and secret key that you received from Eximbay for one-time payments and recurring payments, respectively.
  • If you enter the incorrect value, there will be issues during settlement, so please make sure to enter the correct values.
    •  After setting up the exchange rate, which will become the standard for global sales, click the [Next] button.
    • If you will be using points in the future, click [Use Points] and fill out the required fields.
  • You may change the name of the points, units, and default earnings rate later, but you will not be able to change the points expiration period, so please choose wisely.
    •  When all settings are complete, click [Request a Review].

STEP5:

  • Set the SHOP name that will be shown to members and click the [Next] button.
  • b.stage will conduct a review.
  • Reviews take up to 5 business days.

STEP6: 

  • When b.stage finishes the review, the review approval details will be sent to the e-mail of the administrator who requested the review.
  • All steps were completed.

▶ Eximbay Fee Information

Sales ProductsEligibilitySupported Countries for PaymentPayment MethodPayment MethodPayment Method DetailsPayment Feesb.stage Service Fees
Digital Content

South Korean

Non Businesses (Individual)

Domestic Payments

One-time PaymentsCard Payment

Domestic Credit Cards (Hyundai Card, Samsung Card, Shinhan Card, Nonghyup Card, BC Card, Hana Card, Lotte Card, KB Card)

3.5%7%
Recurring PaymentsCard PaymentDomestic Credit Cards (Hyundai Card, Samsung Card, Shinhan Card, Nonghyup Card, BC Card, Hana Card, Lotte Card, KB Card)3.5%

Overseas Payments

One-time PaymentsCard Payment

Overseas Credit Cards

(Visa/Master/JCB/Amex/Unionpay/Diners/Discover (3DS service no available for Diners/Discover)

4.5%
Recurring PaymentsCard Payment

Overseas Credit Cards (Visa/Master/JCB/Amex/Unionpay/Diners/Discover 

4.5%

 Precautions for Business/Corporation PG Registration

  • Before signing up for the service, please check if all the settings are complete and that you have all the necessary documents so that your b.stage can undergo a card company review.
  • The PG review may be denied depending on the industry or content type below.
  • If you are doing business in an industry where credit cards cannot be used, you will not be able to sign up. Please make sure to check the industry before registering. 
  • The billing name after payment will be sent as bemyfriends Co., Ltd. instead of your b.stage business name.
  • Although payment services are available immediately after PG registration, settlements will be calculated after the attachment of the electronic contract (consent to terms of service) and bankbook copy.
  • If you sign up for a PG as a non-business, you will not be able to issue cash receipts and tax invoices.
  • If you sign up for a PG as a non-business, there will be restrictions as follows:
    • 1-time approval limit: 500,000 won
    • Up to 24 million won annually (maximum of 2 million won per month)
    • Installment payments cannot be made. Lump-sum payments only.
    • Settlement cycle: Monthly settlements for payments in both Korea and overseas (M+15)
  • When products are sold continuously, you must proceed with business registration and mail order report. If products are continuously sold without business registration, one may be subject to the following disadvantages:
    • Pay a non-registration penalty of 1% (for simplified taxable person, 0.5% of the proceeds from supply) of the supply price for transactions that occurred without business registration.
    • If a business runs without registration, one will be unable to issue cash receipts and tax invoices and will not be able to get deductions on the input tax.
  •  Pay additional penalty tax on non-filing or incorrect filing and the penalty tax from unfaithful payment for transactions, which the VAT was not reported due to non-registration of the business.
    • Penalty tax on non-filing or incorrect filing: In cases of non-filing or underreporting, one must pay the penalty of 10% of the tax amount that was not reported
    • Penalty tax for unfaithful payment: In cases of payment failure or underpayment, one must pay the penalty of 0.03% per day (10.95% annually) of the tax amount that was unpaid or underpaid
  •  If income taxes are not reported, one must pay additional penalty tax on non-filing or incorrect filing and the penalty tax for unfaithful payment (additional resident tax of 10%)
    • Penalty tax on non-filing or incorrect filing: Must pay a penalty of 20% for the proportion of non-filed or underreported amount from the calculated tax amount
    • Penalty tax for unfaithful payment: In cases of payment failure or underpayment, one must pay the penalty of 0.03% per day (10.95% annually) of the tax amount that was unpaid or underpaid

※ In addition to the above, one may be subject to punishment in accordance with relevant laws, such as the Punishment of Tax Offenses Act.

▶Industries where credit cards are not accepted

  • Adult content and services
    • Adult pornography (including adult comics, therefore not eligible for credit card use), adult websites (adult content), adult entertainment recruitment, lottery number generation services, matchmaking (relationship consultations), in-person meeting services
  • Adult products
    • Adult products (excluding condoms, pheromone perfume, gels), adult lingerie, alcoholic drinks (excluding traditional liquor), cigarettes, electronic cigarettes (including liquids and supplies)
  • Gambling and fortune-telling services, etc.
    • Speculative games, game items, chats, auctions, bidding, horse racing, cycle racing, and other gambling-related services, talisman/divination/naming, horoscope, fortune-telling (500,000 won or more), charging (more than 100,000)
  • Hazardous items
    • Toy guns (review can only be conducted if information that only KC-certified toys are being sold on the website), guns, swords, weapons (except toys), industries that require trade restrictions according to social norms (drugs, etc.), military uniforms and military equipment (military supplies)
  • Financial products, gift certificates, etc.
    • Loan consultations, lottery tickets, prepaid cards (including USIM), Bitcoins, cryptocurrency-related products, cyber money, gift certificates, point cards, phone cards (including USIM), discount cards, mobile phone subscription services, insurance with recurring payments, stock information provision, investment (funding), condominium memberships, coupons (social), funding, Herbalife, offering/donations/religious donations, multi-level marketing, membership fees, alumni fees, participation fees (500,000 won or more)
  • Expensive goods
    • Jewelry, antiques, artworks (2 million won or more), pure gold, pure silver, gold bars, diamonds, watches (10 million won or more), and other expensive goods (5 million won or more), used cars, motorcycles
  • Others
    • Multi-level marketing, prescription glasses, contact lenses, rice grain dealing (rice, etc.), items with a high potential for civil complaints, adoption and sale of living animals (10,000 won or more) and information provision, credit card terminals, internet shopping sales, e-passport procedures (ESTA), etc.

▶ Eximbay Customer Service Information

  • Eximbay Customer Service 1:1 Bulletin Board
    • When contacting Eximbay, please notify them that the partner company is "b.stage".




Was this article helpful?