Online payment gateways in Malaysia

Online payment gateways in Malaysia

New online payment methods and online banking technology have increased versatility in the way people shop, buy and pay. At the same time this has transformed how business is conducted.

A payment gateway can help reduce frequency of credit card fraud on e-commerce platforms. Payment gateway allows the merchants to process credit, debit and other many other online based payment.

Below are a list of payment gateways that you can look into!

  1. Ipay88
  2. eGHL
  3. Razer Merchant Services (Formerly known as MOLpay)
  4. SenangPay
  5. Billplz
  6. Stripe
  7. Paypal

Comparison table for online payment gateways in Malaysia

Payment Gateways Setup Fees Annual Fees  Transaction Fees Supported e-Wallet
1. iPay88 SME Plan: RM 488
SOHO Plan: RM 488
SME Plan: RM500 per year
SOHO Plan: FOC

SME Plan:*2.7% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)


SOHO Plan: *3.0% per transaction for Visa/Mastercard credit card. *2.5% for debit card.
*2.7% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)Zero withdrawal fees

Boost, Touch n Go, Grabpay, MCash, Maybank QR Pay, Nets QR, Paypal
2. eGHL RM 499 RM 25.00 for transaction volume less than RM 15,000 per/monthWaived if monthly volume exceed RM 15,000

Cards *2.5% MYR per processing + 1% non-MYR processing + MYR 0.50 for ticket size less than MYR 40.00


Non-Card *2.5% or RM 0.50 (Whichever is higher)

Boost, GrabPay, Mcash, MaybankQR Pay, TouchnGo
3. Razer Merchant Services (RMS) Lite Plan:RM499
Premium Plan: RM400
Lite Plan:RM99 Premium Plan: RM499

Lite Plan:3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit)


Premium Plan: 2.4% for Visa and Mastercard

Razerpay, GrabPay, Boost, TouchnGo, Maybank MAE, Shopee Pay
4. senangPay No application and setup fees when registering with senangPay. Basic– RM300 Advanced– RM450
Special– RM1500

The 1.8% charge(or a minimum charge of RM0.65 whichever is higher) is the charge that senangPay charges to the merchant on every credit/debit card transaction on Special Package subscribers account. Applicable for special packages only.


1.5% (or a minimum charge of RM1 whichever is higher) on any transaction that customers made through local supported banks such as Maybank2u or CIMB Clicks, senangPay will charge 1.5% per transaction, regardless the transaction amount. Applicable for all packages.

No
5. Billplz No Setup Fee Basic– No
Standard– RM150 per month
Enterprise – RM1800 per year

FPX FeesBasic– RM1.50

Standard– RM1.00

Enterprise- RM0.50

Credit and Debit Card: 2.5% or lower(Standard), 1.5% or lower (Enterprise)

Boost, Paypal
6. Stripe No Setup Fee No Annual Fee 3% + RM1.00 per successful card charge If currency conversion is required, an additional 2% fee will apply. Integrated per-transaction pricing means no setup fees or monthly fees. The price is the same for all cards. No
7. Paypal No Setup Fee No Annual Fee Malaysia 3.9% + RM2.00Overseas 4.4% + RM2.00 No

*Disclaimer:
This information is used for reference purpose only. Information may be different from the date of publication and we do not guarantee the accuracy of the information shared.

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