Cost and benefits

FormSG payments is free to use. You only need to pay for transaction fees to Stripe and discounted rates are provided under government bulk tender (applicable to healthcare).

We work with financial institutions, regulators, payment networks so government agencies who run on FormSG payments don't have to.

	✔️ Use FormSG payments	Build from scratch
Development cost	✔️ Only transaction fees paid to payment processor	Development, maintenance, training, transactional, and operational costs ($XXX,XXX)
Time to market	✔️ Complete onboarding in days, start accepting payments in minutes	Require development work, usually take months
New Features	✔️ Access to new features without additional work	Require ongoing development and updates
Reliability and Trust	✔️ Established and trusted platform for government agencies and citizens.	Requires building and establishing trust
Vendor Management	✔️ Minimal vendor management required	Need to identify, hire, and manage vendors
Scalability	✔️ Built-in scalability and infrastructure	Need to plan and implement scalable architecture
Regulatory Compliance	✔️ OGP handles compliance requirements	Need to ensure compliance with industry regulations
Security	✔️ 3D Secure 2 for enhanced security and annual security assessments.	Requires building and implementing security measures

Jump to our launch checklist if you like what you see.