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.
| Providers | MOLPAY | eGHL | iPAY88 | PAYPAL |
| Setup Fee | RM 499 | RM 499 | Free | No setup fee |
| Annual Fee | RM 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 | Waived | No annual fee |
| Transaction Fee | 3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and MOLPay’s 7-11 cash channel | 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 (Whicheever is higher) | Malaysia 3.9% + 2.00 MYR Overseas 4.4% + 2.00 MYR More Details | |
| Supported Currencies | RM (MYR) | RM (MYR) (support multi currencies) | RM (MYR) | RM (MYR), US, Euro, Singapore $ and more |
| Withdrawal Method | Transfer to local bank (weekly) | Transfer to local bank (weekly) | Transfer to local bank (weekly) | Transfer to local bank (on request) |
| Receive money in local bank | Yes | Yes | Yes | Yes |
| Supported Cards | – | Visa / Mastercard | Visa / Mastercard | Visa / Mastercard / Amex |
| Country of origin | Malaysia | Malaysia | Malaysia | USA |
| Reliability | High | High | High | High |
| Minimum Amount for Withdrawal | RM 100 (No withdrawal charge) | No Minimum withdrawal amount | RM 100 | See PayPal details here |
| Bank Transfer and Other Payment Services | Malaysia 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 |