14 Payment Gateways for e-Commerce Websites in Malaysia

The eCommerce space is rapidly growing and the same goes for the number of payment gateway providers. As more and more companies are setting up shops online, payment gateways are utilized to allow merchants to process all online payments from customers securely and easily.

Needless to say, choosing a reliable payment gateway according to preferences can be vital to the success of your business. In this blog post, you are able to find out and compare different types of payment gateway providers in 2024.

Choose and utilize one of these payment gateways of your choice according to your needs and budgets. By looking at payment gateways such as RazerPay, eGHL, iPay88, PayPal, Stripe, SenangPay, billplz, kiplebiz, toyyibPay, Bizappay, UPay2u, 2Checkout and Paydibs, let us explore their basic features such as different types of packages, setup fee, annual fee and transaction fee.

Providers	Packages	Setup Fee	Annual Fee	Transaction Fee
	Razer Lite Razer Premium	Razer Lite: RM 499 Razer Premium: RM 400	Razer Lite: RM 99 Razer Premium: RM 449	Razer Lite: 3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and Razer’s 7-11 cash channel Razer Premium: 3% per transaction for credit card, 3% per transaction or minimum RM0.60 whichever is higher for online banking (e-debit) and Mobile Money, 3% for MEPS Cash and Webcash
	eGHL 499 Package	RM 499	RM 25.00 for transaction volume less than RM 15,000 per/month, waived if monthly volume exceeds RM 15,000	Cards, 2.5% MYR per transaction, + 1% non-MYR processing, + MYR 0.50 for ticket size less than MYR 40.00 / FPX, 2.5% or RM 0.50 (whichever is higher)
	iPay88 SOHO Plan iPay88 SME Plan	iPay88 SOHO Plan: RM 488 iPay88 SME Plan: RM 488	iPay88 SOHO Plan: No annual fee iPay88 SME Plan: RM 500	iPay88 SOHO Plan: 4% per transaction for credit card, 4% per transaction or minimum RM0.60 whichever is higher* for online banking (e-debit) and Mobile Money, 4% for MEPS Cash and Webcash iPay88 SME Plan: 3% per transaction for credit card, 3% per transaction or minimum RM0.60 whichever is higher for online banking (e-debit) and Mobile Money, 2% for MEPS Cash and Webcash
	Premier, Business	No setup fee	No annual fee	Domestic, 3.9% per transaction + RM2.00 / Overseas, 4.4% per transaction + Fixed fee based on the currency received
	Integrated plan	No setup fee	No annual fee	3.00% + RM1 per transaction
	Basic Advance Special	No setup fee	Basic: RM 300 Advance: RM 450 Special: RM 1500	Basic: 2.5% per transaction for credit cards, 2.5% per transaction for debit cards, 1.5% per transaction for FPX Advance: 2.5% per transaction for credit cards, 0.9% per transaction for debit cards, 1.5% per transaction for FPX Special: 1.8% per transaction for credit cards, 0.8% per transaction for debit cards, 1.5% per transaction for FPX
	Basic Standard 30 Standard 365	No setup fee	Basic: No annual fee Standard 30: RM 150 monthly Standard 365: RM 1800	Basic: RM 1.50 per transaction for FPX Standard 30: RM 1.00 for FPX per transaction, 2.5% or lower per transaction for credit cards and debit cards Standard 365: RM 0.50 per transaction for FPX, 2.5% or lower per transaction for credit cards and debit cards
	N/A	RM 300	RM 500	2.5% – 3% per transaction for credit card, RM1 – RM1.50 flat rate for bank transfers
	N/A	No setup fee	No annual fee	RM 1 per transaction for bank transfers and 2.0% per transaction for credit cards
	N/A	No setup fee	No annual fee	RM 1 per transaction for FPX, 2.5% per transaction for local credit cards, 3.0% per transaction for non-local credit cards
	N/A	RM 288	RM 360 (waived if exceeded minimum yearly commitment)	RM 0.53 per transaction from UPay to local bank
	2sell 2subscribe 2monetize	No setup fee	No annual fee	2sell: 3.5% + USD$0.35 per transaction 2subscribe: 4.5% + USD$0.45 per transaction 2monetize: 6.0% + USD$0.60 per transaction
	Paydibs Checkout	RM 400	RM 200	Visa & MasterCard (MYR): 2.5% per transaction, FPX: 2.5% or minimum RM0.60 per transaction, UnionPay (MYR) 2.5% per transaction, Boost: 1.5% per transaction, Mcash: 1.5% per transaction, TNG: 1.5% per transaction
	Basic Start Up Premium SME Lite SME Pro	Basic: RM 199 Start Up: RM 499 Premium: RM 499 SME Lite: RM 1500 SME Pro: RM 4000	Basic: No annual fee Start Up: No annual fee Premium: RM 499 SME Lite: RM 499 SME Pro: RM 499	Visa & MasterCard (MYR): 1.5% – 3% per transaction, FPX: Basic: 3.00% or min RM1.50, whichever is higher Start Up: 3.00% or min RM0.60 Premium: 2.30% or min RM0.60 SME Lite: 2.00% or min RM0.60 SME Pro: 1.80% or min RM0.60 Boost, TNG, Grabpay, WeChat Pay, Alipay: 1% – 1.5% per transaction

Packages Razer Lite Razer Premium Setup Fee Razer Lite : RM 499 Razer Premium : RM 400 Annual Fee Razer Lite : RM 99 Razer Premium : RM 449 Transaction Fee Razer Lite : 3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and Razer’s 7-11 cash channel Razer Premium : 3% per transaction for credit card, 3% per transaction or minimum RM0.60 whichever is higher for online banking (e-debit) and Mobile Money, 3% for MEPS Cash and Webcash

Packages eGHL 499 PackageSetup Fee RM 499Annual Fee RM 25.00 for transaction volume less than RM 15,000 per/month, waived if monthly volume exceeds RM 15,000Transaction Fee Cards, 2.5% MYR per transaction, + 1% non-MYR processing, + MYR 0.50 for ticket size less than MYR 40.00 / FPX, 2.5% or RM 0.50 (whichever is higher)

Packages iPay88 SOHO Plan iPay88 SME Plan Setup Fee iPay88 SOHO Plan : RM 488 iPay88 SME Plan : RM 488 Annual Fee iPay88 SOHO Plan : No annual fee iPay88 SME Plan : RM 500 Transaction Fee iPay88 SOHO Plan : 4% per transaction for credit card, 4% per transaction or minimum RM0.60 whichever is higher* for online banking (e-debit) and Mobile Money, 4% for MEPS Cash and Webcash iPay88 SME Plan : 3% per transaction for credit card, 3% per transaction or minimum RM0.60 whichever is higher for online banking (e-debit) and Mobile Money, 2% for MEPS Cash and Webcash

Packages Premier, BusinessSetup Fee No setup feeAnnual Fee No annual feeTransaction Fee Domestic, 3.9% per transaction + RM2.00 / Overseas, 4.4% per transaction + Fixed fee based on the currency received

Packages Integrated planSetup Fee No setup feeAnnual Fee No annual feeTransaction Fee 3.00% + RM1 per transaction

Packages Basic Advance Special Setup Fee No setup fee Annual Fee Basic : RM 300 Advance : RM 450 Special : RM 1500 Transaction Fee Basic : 2.5% per transaction for credit cards, 2.5% per transaction for debit cards, 1.5% per transaction for FPX Advance : 2.5% per transaction for credit cards, 0.9% per transaction for debit cards, 1.5% per transaction for FPX Special : 1.8% per transaction for credit cards, 0.8% per transaction for debit cards, 1.5% per transaction for FPX

Packages Basic Standard 30 Standard 365 Setup Fee No setup fee Annual Fee Basic: No annual fee Standard 30: RM 150 monthly Standard 365: RM 1800 Transaction Fee Basic : RM 1.50 per transaction for FPX Standard 30 : RM 1.00 for FPX per transaction, 2.5% or lower per transaction for credit cards and debit cards Standard 365 : RM 0.50 per transaction for FPX, 2.5% or lower per transaction for credit cards and debit cards

Packages N/ASetup Fee RM 300Annual Fee RM 500Transaction Fee 2.5% – 3% per transaction for credit card, RM1 – RM1.50 flat rate for bank transfers

Packages N/ASetup Fee No setup feeAnnual Fee No annual feeTransaction Fee RM 1 per transaction for bank transfers and 2.0% per transaction for credit cards

Packages N/ASetup Fee No setup feeAnnual Fee No annual feeTransaction Fee RM 1 per transaction for FPX, 2.5% per transaction for local credit cards, 3.0% per transaction for non-local credit cards

Packages N/ASetup Fee RM 288Annual Fee RM 360 (waived if exceeded minimum yearly commitment)Transaction Fee RM 0.53 per transaction from UPay to local bank

Packages 2sell 2subscribe 2monetize Setup Fee No setup fee Annual Fee No annual fee Transaction Fee 2sell : 3.5% + USD$0.35 per transaction 2subscribe : 4.5% + USD$0.45 per transaction 2monetize : 6.0% + USD$0.60 per transaction

Packages Paydibs CheckoutSetup Fee RM 400Annual Fee RM 200Transaction Fee Visa & MasterCard (MYR): 2.5% per transaction, FPX: 2.5% or minimum RM0.60 per transaction, UnionPay (MYR) 2.5% per transaction, Boost: 1.5% per transaction, Mcash: 1.5% per transaction, TNG: 1.5% per transaction

Packages Basic Start Up Premium SME Lite SME Pro Setup Fee Basic:RM 199 Start Up:RM 499 Premium:RM 499 SME Lite:RM 1500 SME Pro:RM 4000 Annual Fee Basic: No annual fee Start Up: No annual fee Premium:RM 499 SME Lite:RM 499 SME Pro:RM 499 Transaction Fee Visa & MasterCard (MYR): 1.5% – 3% per transaction, FPX: Basic: 3.00% or min RM1.50, whichever is higher Start Up: 3.00% or min RM0.60 Premium: 2.30% or min RM0.60 SME Lite: 2.00% or min RM0.60 SME Pro: 1.80% or min RM0.60 Boost, TNG, Grabpay, WeChat Pay, Alipay: 1% – 1.5% per transaction

Other than these basic features such as setup fee, annual fee and transaction fee, there are still other features to back up your decisions and choices. We can discuss further about their selling point, their country of origin, whether they are supporting recurring payments, supported currencies, supported cards, bank transfer and other payment services, as well as minimum amount for withdrawal.

Razer Merchant Service is previously known as MOLPay, an established payment gateways that supports 7-eleven cash. It is one of the leading online payment gateways that serves widely-used brands such as Grab, Expedia, Starbucks, Lazada, Uniqlo, Sephora, and more.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR)
• Supported cards :
  1. Razer Lite : None
  2. Razer Premium : Visa, Mastercard
• Bank transfer and other payment services :
  1. Razer Lite : Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
  2. Razer Premium : Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
     Other Payment Methods: Razer Cash at 7-Eleven, Razer ATM
• Minimum amount of withdrawal : RM 100

eGHL is an established internet payment gateways that is wholly owned by GHL Systems Berhad Group. They are widely used by large companies long before the year 2000 and today, they are processing payments in over 48 currencies.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services :
  1. Maybank2U
  2. CIMB Clicks
  3. RHB Online
  4. HL Online
  5. Alliance Online
  6. PbeBank
  7. Ambank
  8. Bank Islam
  9. UOB
  10. Affin Online
  11. Bank Rakyat
  12. Bank Muamalat
  13. OCBC
  14. Standard Chartered
  15. KFH
• Minimum amount of withdrawal : No Minimum withdrawal amount

iPay88 is a one of the leading payment gateways in South East Asia, owned by The Mobile88 Group of Companies. iPay88 offers different packages depending on the scale of the company.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR)
• Supported cards : iPay88 SOHO Plan None / iPay88 SME Plan Visa, Mastercard
• Bank transfer and other payment services :
  1. iPay88 SOHO Plan : Alliance Online, Am Online, CIMB Clicks, EON Online, HongLeong Online, RHB Online, FPX(Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
     Other Payment Methods : 1% for Boost wallet 1.5% for Grabpay 1.5% for TouchnGo pay 2.0% for KipplePay
  2. iPay88 SME Plan : Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
     Other Payment Methods : 3.2% for PayPal (Visa/Master) 1% for Boost wallet, 1.5% for Grabpay, 1.5% for TouchnGo pay, 1.2% for Vcash Wallet, 2.0% for KipplePay
• Minimum amount of withdrawal : RM 100

PayPal was launched in the 90s and it is internationally accepted. It is a payment gateway originated from the United States that offers consumers and merchants to receive money, withdraw funds and hold balances in their PayPal accounts.

• Country of origin : USA
• Support recurring payments : Yes
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard, American Express, Discover Network
• Bank transfer and other payment services : N/A
• Minimum amount of withdrawal : See PayPal details here

Stripe is an international accepted payment gateway owned by a technology company that builds economic infrastructure for the internet. It is one of the fastest growing payment gateways in the world. Due to its developer-friendly feature, Stripe is integrated with a large number of popular sites and apps online.

• Country of origin : USA
• Support recurring payments : Yes
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard, American Express, Discover Network
• Bank transfer and other payment services : FPX
  1. Maybank2U
  2. HL Online
  3. RHB Online
  4. Bank Islam
  5. PbeBank
  6. CIMB Clicks
• Minimum amount of withdrawal : No Minimum withdrawal amount with exceptions. See Stripe details here

SenangPay is an online payment gateway owned and managed by Simplepay Gateway Sdn. Bhd. It supports eWallet and no setup fee is needed. One of the most interesting features of SenangPay are its payment links as users are able to generate payment links for any product and send it to your customer via the WhatsApp, WeChat, or e-mail.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR)
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services :
  1. FPX
  2. Touch’n’go
  3. Boost e-wallet
  4. GrabPay
• Minimum amount of withdrawal : RM 100

Billplz is one of the preferred online payment methods in Malaysia based on Bank Negara’s statistics, due to its low fees and fast settlement for online banking. One of the unique features of Billplz is its integration with PayPal.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR)
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services :
  1. Alliance Online
  2. Am Online
  3. CIMB Clicks
  4. EON Online
  5. Hong Leong Online
  6. Maybank2u
  7. RHB Online
  8. FPX
  9. Touch’n’go
  10. Boost e-wallet
  11. GrabPay
• Minimum amount of withdrawal : No Minimum withdrawal amount

KipleBiz is a division under Kiplepay Sdn Bhd (formerly known as Webonline Dot Com Sdn Bhd). In order to create s seamless payment experience, it is a payment gateway that provides an end-to-end payment solution from online payments.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard, American Express, Discover Network
• Bank transfer and other payment services :
  1. Alliance Online
  2. Am Online
  3. CIMB Clicks
  4. EON Online
  5. Hong Leong Online
  6. Maybank2u
  7. RHB Online
  8. FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
• Minimum amount of withdrawal : RM 100

ToyyibPay is one of the newest payment gateways. Other than generating invoices and payment links with toyyibPay, it is a popular payment gateway for WooCommerce stores. It is one of the cheapest payment gateways in the market and it charges only RM1 per transaction if you were using WooCommerce.

• Country of origin : Malaysia
• Support recurring payments : N/A
• Supported currencies : RM (MYR)
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services :
  1. Maybank2U
  2. CIMB Clicks
  3. RHB Online
  4. HL Online
  5. Alliance Online
  6. PbeBank
  7. Ambank
  8. Bank Islam
  9. UOB
  10. Affin Online
  11. Bank Rakyat
  12. Bank Muamalat
  13. OCBC
  14. Standard Chartered
  15. KFH
• Minimum amount of withdrawal : RM 1

Bizappay has no setup fee and no annual fee for merchant. The minimum amount of withdrawal is just RM1.

• Country of origin : Malaysia
• Support recurring payments : N/A
• Supported currencies : RM (MYR)
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services : FPX
  1. Maybank2U
  2. HL Online
  3. RHB Online
  4. Bank Islam
  5. PbeBank
  6. CIMB Clicks
• Minimum amount of withdrawal : RM 1

UPay2u is a convenient payment gateway with instant payment reports and a user-friendly backend system. It is cheap if there are many transactions needed in the business.

• Country of origin : Malaysia
• Support recurring payments : Yes
• Supported currencies : RM (MYR)
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services : FPX
  1. Maybank2U
  2. HL Online
  3. RHB Online
  4. Bank Islam
  5. PbeBank
  6. CIMB Clicks
• Minimum amount of withdrawal : N/A

2Checkout allows business to quickly expand internationally. It requires no setup or annual fee, and it supports many types of credit card as well.

• Country of origin : USA
• Support recurring payments : Yes
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard, American Express, Discover Network
• Bank transfer and other payment services : N/A
• Minimum amount of withdrawal : 50 USD – 100 USD

Paydibs is an innovative online payment gateway with continuous development of new features without additional cost. It possesses a fast settlement feature and it prioritises sales conversion.

• Country of origin : Malaysia
• Support recurring payments : N/A
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, Mastercard
• Bank transfer and other payment services : Visa & MasterCard (MYR), FPX, UnionPay (MYR), Boost, Mcash, TNG
• Minimum amount of withdrawal : N/A

Gkash offers options of packages to all market segments from start-up to SME, according to the users’ needs. It is a licensed and registered merchant acquirer regulated by Bank Negara Malaysia (BNM) since 2017, in which it supports international E-wallets such as WeChat Pay and Ali Pay.

• Country of origin : Malaysia
• Support recurring payments : N/A
• Supported currencies : RM (MYR), support multi currencies
• Supported cards : Visa, MasterCard and Union Pay
• Bank transfer and other payment services :
  1. GKash E-Wallet
  2. Boost
  3. GrabPay
  4. WeChat Pay
  5. Ali Pay
  6. TNG
  7. Razer Pay
  8. Maybank QR Pay
  9. FPX(Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
• Minimum amount of withdrawal : N/A

Please be informed that the information above on payment gateways and individual features are for reference purposes only, as the details may be different from the date of publishing. Besides contacting them directly, you are encouraged to double-check the information through the official websites of the payment gateways providers.

The right payment gateway partner = The right cashier for your brand.

Not all payment gateways are cut from the same cloth. By referring to the features above, you are able to make a better decision and choice in picking the one that suits your business model the most. At the same time, with a user-friendly payment gateway, your customers will have a better online shopping experience.

You are welcome to share any other payment gateways that you have in mind with us. Reach out to us if you want to build e-commerce with one of these platforms, you won’t regret it.

Considering launching an ecommerce website in Malaysia? We understand the challenges of navigating ecommerce website development. 

At Kode Digital, we specialize in crafting mobile-friendly websites and ecommerce solutions tailored to your needs. Remember, none of your employees can promote your products 24/7, but your website can!