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pay contractor with credit card

While there is no place like home, getting one isn’t always easy.

Everyone got their dream home, the looking grand one or a simple one, well, as long as it feels like home. However, renovation is not something that comes at a cheap price.

According to House Renovation Malaysia, the estimation of house renovation cost for a single-storey terrace in Malaysia is range between RM50,000-RM250,000. For a 1000sqf office, it ranges between RM60,000-RM120,000.

With that kind of price, you will start to plan for your budgeting. After that, it will be a constant meeting with your contractor on the material and pricing. Weeks or months go by, you finally come to an agreement on the design and all – then it is payment time!

Typically, a contractor will ask for a 10 to 20% upfront payment to start the renovation then they will charge you by completion milestones – and they only accept payment in cash!

I often think that more payment options should be offered for high amounts of expenses like this with some kind of reward. So, in this article, I will talk about how jomSETTLE allow you to pay your contractor using your credit card.

Pay Contractors with Credit Card

With jomSETTLE Make Payment services, you can pay your contractors with credit cards even when they only accept payment in cash. jomSETTLE only charges you a one-time 2.5% transaction fee and your payment will be processed and transferred straight to your contractor within 3 working days.

Why Pay Contractor with Credit Card?

Quickest and Cheaper form of Short-Term Financing

  • You can tap into your immediate credit available on your credit card to finance your renovation instead of going through a long and tedious process of applying for a personal loan, that will get you into long-term debt. By the way, jomSETTLE is at least 50% cheaper than a personal loan.

Earn more rewards from the credit card

  • While making payments through a credit card, you can earn more rewards based on what your bank issuer offers. Although both payments (credit card & cash) methods offer the same solution to contractors, a credit card offers better perks such as getting points where you can compensate by converting it to air miles and using it for traveling. Why not redeem the points when you are making such a high amount purchase?

    Read more: Things you can do redeem with credit card rewards

How to pay the contractor with my credit card?

Here’s how to get you started if you want to pay your contractor using your credit card through jomSETTLE:

  1. Firstly, you can sign up for a jomSETTLE™ account here dan log in.
  2. Choose Personal Account or Business Accountto proceed. 
  3. Complete a one-time eKYC process for verification.
  4. For a Business account, you will need to include your SSM Document.
  5. To pay the contractor, go to make payment and choose ‘Freelancer.’ 
  6. You will need to include documents such as invoice payment or related documents as proof.
  7. Choose a credit card payment method and pay with your preferred card. We accept all local and foreign issued cards. (*For foreign cards, users must have a Malaysian phone number)
  8. jomSETTLE will transfer the payment to your recipient account via bank transfer within 3 working days.

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Get updates on our latest articles

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While there is no place like home, getting one isn’t always easy.

Everyone got their dream home, the looking grand one or a simple one, well, as long as it feels like home. However, renovation is not something that comes at a cheap price.

According to House Renovation Malaysia, the estimation of house renovation cost for a single-storey terrace in Malaysia is range between RM50,000-RM250,000. For a 1000sqf office, it ranges between RM60,000-RM120,000.

With that kind of price, you will start to plan for your budgeting. After that, it will be a constant meeting with your contractor on the material and pricing. Weeks or months go by, you finally come to an agreement on the design and all – then it is payment time!

Typically, a contractor will ask for a 10 to 20% upfront payment to start the renovation then they will charge you by completion milestones – and they only accept payment in cash!

I often think that more payment options should be offered for high amounts of expenses like this with some kind of reward. So, in this article, I will talk about how jomSETTLE allow you to pay your contractor using your credit card.

Pay Contractors with Credit Card

With jomSETTLE Make Payment services, you can pay your contractors with credit cards even when they only accept payment in cash. jomSETTLE only charges you a one-time 2.5% transaction fee and your payment will be processed and transferred straight to your contractor within 3 working days.

Why Pay Contractor with Credit Card?

Quickest and Cheaper form of Short-Term Financing

You can tap into your immediate credit available on your credit card to finance your renovation instead of going through a long and tedious process of applying for a personal loan, that will get you into long-term debt. By the way, jomSETTLE is at least 50% cheaper than a personal loan.

Earn more rewards from the credit card

While making payments through a credit card, you can earn more rewards based on what your bank issuer offers. Although both payments (credit card & cash) methods offer the same solution to contractors, a credit card offers better perks such as getting points where you can compensate by converting it to air miles and using it for traveling. Why not redeem the points when you are making such a high amount purchase?

Read more: Things you can do redeem with credit card rewards

How to pay the contractor with my credit card?

Here’s how to get you started if you want to pay your contractor using your credit card through jomSETTLE:

  1. Firstly, you can sign up for a jomSETTLE™ account here dan log in.
  2. Choose Personal Account or Business Accountto proceed.
  3. Complete a one-time eKYC process for verification.
  4. For a Business account, you will need to include your SSM Document.
  5. To pay the contractor, go to make payment and choose ‘Freelancer.’
  6. You will need to include documents such as invoice payment or related documents as proof.
  7. Choose a credit card payment method and pay with your preferred card. We accept all local and foreign issued cards. (*For foreign cards, users must have a Malaysian phone number)
  8. jomSETTLE will transfer the payment to your recipient account via bank transfer within 3 working days.

Let's Stay in Touch

Get updates on our latest article.

You May Also Like

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