Online Payment Gateway landscapes in Malaysia (Part 2/3)

Online Payment Gateway landscapes in Malaysia (Part 2/3)

Comparison of various Payment Gateways in Malaysia



Let’s find out what payment gateways is available for Malaysia market.


Summary

eGHLiPay88SenangPay
Onboarding FeeRM499 – RM10000RM488 – RM3800N/A
Annual FeeRM599RM500 – RM800RM300 – RM1500
Credit/Debit Card
Transaction Fee
1.8% – 2.5%1.8% – 2.9%1.8% – 2.5%
Online Banking
Transaction Fee
1.8% – 2.5%1.8% – 2.9% 1.8% – 2.5%
e-Wallet
Transaction Fee
0.5% – 1.5%1% – 1.5%N/A
Settlement PeriodWeeklyWeeklyTwice a week
Settlement
Withhold
N/ARM100RM100
Settlement ChargeN/AN/AN/A
Currencies SupportMYR + Multi CurrenciesMYR + Multi CurrenciesMYR
Country of OriginMalaysiaMalaysiaMalaysia


Summary

billPlzRazerPayM2U Pay
Onboarding FeeFree – RM18000RM499Free
Annual FeeRM599RM99 – RM499Free
Credit/Debit Card
Transaction Fee
0.4% – 2.5%2.65% – 3.8%RM0.50
Online Banking
Transaction Fee
RM0.50 – RM1.501.8% – 2.9%RM0.50
e-Wallet
Transaction Fee
Free1% – 1.5%N/A
Settlement PeriodWeeklyWeeklyT+1
Settlement
Withhold
N/ARM100N/A
Settlement ChargeN/AN/AN/A
Currencies SupportMYRMYRMYR
Country of OriginMalaysiaMalaysiaMalaysia


Summary

StripePayPal
Onboarding FeeFreeFree
Annual FeeFreeFree
Credit/Debit Card
Transaction Fee
3% + RM1.00 MYR: 3.9% + RM2.00
Other: 4.4% + RM2.00
Online Banking
Transaction Fee
3% + RM1.00MYR: 3.9% + RM2.00
Other: 4.4% + RM2.00
e-Wallet
Transaction Fee
N/AN/A
Settlement PeriodWeeklyUpon request
Settlement
Withhold
N/AN/A
Settlement ChargeN/A> RM400 : Free
< RM400 : RM3.00
Currencies SupportMYR + Multi CurrenciesMYR + Multi Currencies
Country of OriginUnited StatesUnited States


I’m not going into the details of each Payment Gateway merchant rate for each individual package and offer, if you are interested in more details, you can always contact their representative directly.



Part 1: What’s Payment Gateways and How does it work?
Part 3: How to choose a Payment Gateway?

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