Payment Gateway In Malaysia – eGHL, Ipay88 , MolPay & PayPal

Posted by

If you are developing or build eCommerse website, you need to integrate with payment gateway in order to allow customer make a payment to merchant. Either pay via credit card, internet banking, boost etc and the big question is What is the best payment gateway in Malaysia that you can choose.?

Choosing a payment gateway sometime not very straight forward, you need to think about charges your need to pay(annual fee, setup fee, transaction fee), what are the max amount the payment gateway can give, is it secure,  currencies, relibility, supports , etc. Below are the summary of comparison that will help you to decide which payment gateway you should go for your eCommerse store.   

ProvidersMOLPAYeGHLiPAY88PAYPAL
Setup FeeRM 499RM 499FreeNo setup fee
Annual FeeRM 99

Subsequent years: RM 99
**RM 25.00 for transaction volume less than RM 15,000 per/month

Waived if monthly volume exceed RM 15,000
WaivedNo annual fee
Transaction Fee3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and MOLPay’s 7-11 cash channelCards
*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
(Whicheever is higher)
3.5% *3.0% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)Malaysia
3.9% + 2.00 MYR

Overseas
4.4% + 2.00 MYR


More Details
Supported CurrenciesRM (MYR)RM (MYR)
(support multi currencies)
RM (MYR)RM (MYR), US, Euro, Singapore $ and more
Withdrawal MethodTransfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (on request)
Receive money in local bankYesYesYesYes
Supported CardsVisa / MastercardVisa / MastercardVisa / Mastercard / Amex
Country of originMalaysiaMalaysiaMalaysiaUSA
ReliabilityHighHighHighHigh
Minimum Amount for WithdrawalRM 100
(No withdrawal charge)
No Minimum withdrawal amountRM 100See PayPal details here
Bank Transfer and Other Payment ServicesMalaysia Online Bank TransferAlliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)Malaysia Online Bank TransferMaybank2U, CIMB Clicks, RHB Online, HL Online, Alliance Online, PbeBank, Ambank, Bank Islam, UOB, Affin Online, Bank Rakyat, Bank Muamalat, OCBC, Standard Chartered, KFH

Other Country Debit
Malaysia Online Bank TransferAlliance 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 Methods3.2% for PayPal(Visa/Master)0% for Boost wallet1.2% for Vcash Waller2.0% for KipplePay
N/A