Maya is a digital payments and financial services platform operated by Maya Philippines, Inc. and Maya Bank, Inc. that enables businesses to accept credit cards, debit cards, e-wallets, and QR Ph payments through a unified payment gateway.
Core Features
Maya offers several payment processing capabilities:
- Maya Checkout - Payment gateway integration for websites and mobile apps
- Payment Links - Shareable payment requests via SMS, chat, or email
- Invoice Payments - Digital billing with built-in payment collection
- QR Ph Payments - Interoperable QR code payment acceptance
- E-wallet Processing - Support for Maya and other Philippine e-wallets
- Card Processing - Visa, Mastercard, and virtual card acceptance
How it Works
Maya processes payments through API integration. Here's how it functions for subscription billing:
- Merchant Registration - Businesses sign up through Maya Business Manager and complete verification
- API Integration - Developers connect the payment gateway using Maya's REST API endpoints
- Payment Initiation - Customers select Maya as their payment method at checkout
- Transaction Processing - Maya routes the payment through BSP-regulated banking infrastructure
- Settlement - Funds are deposited to the merchant's Maya Business Deposit account
You can integrate Maya into your platform through official plugins for Shopify, WooCommerce, and ChatGenie, or build custom integrations using the Maya Developers Hub.
Pros & Cons
Advantages:
- BSP-regulated through Bangko Sentral ng Pilipinas
- Accepts multiple payment methods in one integration
- Same-day settlement to Maya Business Deposit accounts
- PDIC-insured deposits up to PHP 500,000
Disadvantages:
- Transaction fees apply per successful payment
- International card payments require additional verification
- Settlement to external banks may take 1-3 business days
Real-World Application
For Philippine real estate brokerages using iRealtee, Maya processes recurring subscription packages payments. When hub owners subscribe to billing plans, Maya handles the payment collection automatically.
The integration enables brokerages to:
- Accept credit card payments for monthly subscriptions
- Process e-wallet top-ups from agents
- Generate electronic invoices for VAT-registered transactions
- Track payment history through the billing activity log
This reduces manual collection efforts and ensures compliance with BIR electronic payment documentation requirements.
Related Terms
- Subscription Packages
- Electronic Invoicing System (EIS)
- Value-Added Tax (VAT)
- Billing Activity Tracking Software
- Accounting Software
References
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