Online Payment Gateway Malaysia | VeecoTech
Payment Gateway2022-08-02T16:48:00+08:00

All-In-One Online Payment Solution

Payment gateway is the first step in the online payment process. Choosing the right payment gateway in Malaysia to gives your customers ease of mind when they make any purchases online.

Contact Us Today!
Ecommerce payment gateways Package

All-In-One Online Payment Solution

Payment gateway is the first step in the online payment process. Choosing the right payment gateway in Malaysia to gives your customers ease of mind when they make any purchases online.

Contact Us Today!
Ecommerce payment gateways Package

Malaysia Online Payment Gateways Comparison

Compare Malaysia’s most popular online payment gateway in the comparison chart below.
Merchant Providers Razer
Setup Fee iPay88 SME Plan – RM 488  
iPay88 Individual/SOHO Plan – RM 488 
On-boarding Fee* – RM499 
On-boarding Fee* – RM5000 
On-boarding Fee* – RM10000 
FREE FREE Basic: Free 
Standard: RM 3,180/year 
Lite Plan: RM 499 
Premium Plan: RM 400 
Annual Fee

iPay88 SME Plan – RM 500 (No Hidden Charge) 

iPay88 Individual/SOHO Plan – Waived  

On-boarding Fee* – RM499 :– RM 25.00 Monthly – (Waived if transaction volume exceeds RM 15k per month) 

On-boarding Fee* – RM5000 : RM- 599.00 (Waived if transaction volume exceeds RM 180k per year) 

On-boarding Fee* – RM10000 :
MY- 599.00 (Waived if transaction volume exceeds MR 180k per year)
 

FREE FREE FREE (Basic Plan)

Lite Plan: RM 99 (waived for the first year) 

Premium Plan: RM 499 

Payment method (Online banking)

SME – *3.5% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)

SOHO – *3.5% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)

FPX

On-boarding Fee* – RM499 *: 2.5% or RM 0.60 per transaction via FPX (Whicheever is higher)

On-boarding Fee* – RM5000 : 2.0% or MYR 0.60 per transaction (Whichever is higher)

On-boarding Fee* – RM10000 : 1.8% or MYR 0.60 per transaction (Whichever is higher)

3.0% + RM 1.00 per paid transactionon via FPX Fees exclude SST.

Domestic 3.9% + RM2.00 Cross border 4.4% + Fixed fee based on the currency received

FPX B2C RM 1.00 per transaction (basic package)

Standard package RM0.50

Lite Plan: 3.8% or min. RM 0.60 whichever is higher

Premium Plan: (B2B) 2.4% or min. RM 0.60 whichever is higher (B2C) RM 2.00

Payment method (Credit card & eWallet)

SOHO :

E-wallet:

1.0% – Maybank QR, Boost wallet
1.5% – GrabPay, ShopeePay, Touch ‘n Go, Boost, MCash, NetsQR
2.0% – KipplePay

SME :

Credit Card:

Visa & MasterCard- MDR 2.9%

Debit Card:
Visa & MasterCard-MDR 2.8%

UnionPay Credit/Debit card:
Visa & MasterCard-MDR 2.8%

E-wallet:

1.0% – Maybank QR
1.5% – GrabPay, ShopeePay, Touch ‘n Go, Boost, MCash, NetsQR

E-wallet
1.0% – Maybank QR, Boost wallet
1.5% – GrabPay, ShopeePay, Touch ‘n Go, Boost, MCash, NetsQR
2.0

On-boarding Fee – RM 499*:

Cards Scheme :

2.5%, MYR processing ( 2%, non-MYR processing and MYR 0.50 for ticket size

e-Wallet :

1.3% per transaction – Boost, GrabPay

1.3% per transaction – MCash, Touch ‘n Go

1.3% per transaction – MAE

Buy Now Pay Later: Grab

PayLater Postpaid – 6% per transaction
PayLater Instalment – 8% per transaction

On-boarding Fee – RM 5000*:

Cards Scheme :

2.0%, MYR processing ( 1%, non-MYR processing and MYR 0.50 for ticket size

e-Wallet

1.3% per transaction – Boost, GrabPay

1.3% per transaction – MCash, Touch ‘n Go

1.0% per transaction – MAE

Buy Now Pay Later: Grab

PayLater Postpaid – 6% per transaction
PayLater Instalment – 8% per transaction

On-boarding Fee – RM 10000*:

Cards Scheme :

1.8%, MYR processing ( 1%, non-MYR processing and MYR 0.50 for ticket size

e-Wallet

1.2% per transaction – Boost, GrabPay

1.2% per transaction – MCash, Touch ‘n Go

1.0% per transaction – MAE

Buy Now Pay Later: Grab

PayLater Postpaid – 6% per transaction
PayLater Instalment – 8% per transaction

3% + RM1.00 per paid transaction on VISA / Master card, additional 2% fee for currency conversion

Fees exclude SST.

Domestic 3.9% + RM2.00 per paid transaction on VISA / Master card / American Express

Basic – 2.2% (per paid transaction)

Standard – 2.2%
(per paid transaction)

Credit Card
Lite Plan: 3.8%
Premium Plan: 2.4%

E-wallet
Lite Plan: N/A

Premium Plan:
1.2% – Maybank QR
1.4% – GrabPay, ShopeePay, Touch ‘n Go
1.6% – Boost

Supported Currencies RM only RM (MYR), RM 500 setup for each foreign currency International Currencies International Currencies RM only RM only
Withdrawal Method Transfer to local bank (weekly) Transfer to local bank (weekly) Transfer to local bank (weekly/monthly)

Transfer to local bank / visa card

Payment into Paypal Account Instantly.

Next day (T+1) Transfer to local bank (weekly)
Received money in local bank
Bank Transfer and other payment services SOHO :

  • Alliance Online
  • Am Online
  • CIMB Clicks
  • AEON Online
  • Hong Leong Online
  • Maybank2u
  • RHB Online
  • FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

SME :

  • Alliance Online
  • AM Online
  • CIMB Clicks
  • AEON Online
  • Hong Leong Online
  • Maybank2u
  • RHB Online
  • FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
Malaysia Online Bank Transfer

  • MayBank2U
  • CIMB Clicks
  • RHB Online
  • HL Online
  • Alliance Online
  • PbeBank
  • AmBank
  • Bank Islam
  • UOB
  • Affin Online
  • Bank Rakyat
  • Muamalat
  • OCBC
  • Standard Chartered
  • KFH
  • Other Country Debit
FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks) N/A
However, a customer can top up his / her Paypal accounts via online bank transfer.(Eg RHB Bank Online Transfer to top up)
Malaysia Online Bank Transfer

  • Alliance Online
  • Am Online
  • CIMB Clicks
  • Aeon Online
  • Hong Leong Online
  • RHB Online
  • FPX

Other Payment Methods

  • ShoppeePay
  • Boost Wallet
  • GrabPay
  • TouchnGo pay
  • Maybank QRpay
  • Maybank2U
  • CIMB Clicks 
  • Hong Leong Connect 
  • Public Bank PBe 
  • RHB Now 
  • Alliance Online 
  • Affin Online 
  • Bank Islam Online 
  • UOB Bank Online 
  • OCBC Bank Online 
  • Standard Chartered Bank Online 
  • AmOnline 
  • I-Rakyat 
  • I-Muamalat 
  • Kuwait Finance House 
  • Bank Simpanan National Online 
  • HSBC Online 

Other Payment Services 

  • Razer Cash at 7-Eleven 
  • Buy Now Pay Later (BNPL -Atome, -Rely, PayLaterby Grab, IOUPay) 
  • 99 Speed Mart 
  • KK Speed Mart 

Cryptocurrencies: 

  • Bitcoin 
  • Ethereum 
  • Tether(USDT) 
Supported cards VISA

Master card

UnionPay

American Express

VISA and Master card VISA and Master card

UnionPay

Link

Maestro

American Express

VISA card

Master card

Discover

American Express

VISA card

Master card

UnionPay

VISA card

Master card

PayNet MyDebit

UnionPay

Discover/Diners

Minimum amount for withdrawal RM 100 No Minimum withdrawal amount RM 5 RM 40 N/A

Startup: RM100

SME: RM100

Application Approval Time
  • Within 14 working days (for internet bank transfer)
  • 2 to 3 months (for credit card gateway)

Credit Card: within 2 months

Online Banking: 7 – 14 working days

Immediate Immediate
(Get Your Credit Card ready to verify your PayPal Account)
  • Basic – *The application may take ten (10) business days – upon complete documentation.
  • Standard – *The application may take fourteen (14) business days – upon complete documentation.
  • Credit Card: within 1 months
  • Online Banking: 3-5 working days
E-Wallet
  • Alipay
  • Boost
  • GrabPay
  • MAE(M2U)
  • NETS
  • PrestoPay
  • Setel
  • Shopee Pay
  • TNG
  • UnionPay
  • WeChatPay
  • GooglePay
  • Boost
  • GrabPay
  • MCash
  • TNG
  • MAE(M2U)
  • Atome
  • GrabPay
  • ApplePay
  • Click To Pay
  • GooglePay
N/A
  • Shopee
  • ApplePay
  • Click To Pay
  • GooglePay
  • TNG Digital
  • Boost
  • GrabPay
  • ShopeePay
  • MAE (M2U)
  • WeChat Pay
  • AliPay
  • DuitNowQR
  • Crossborder
E-commerce Platform Integrations Shopify WooCommerce, EasyStore, cubecart, Ecshop, Ecwid, Interspire, JustSimple, AdobeCommerce Cloud, Opencart, Oscommerce, Prestashop, Shopex, Shopmatic, Sitegiant, Ubercart, VirtueMart, webShaper, Whmos, Zen cart Shopify, WooCommerce, EasyStore, Squarespace, Fiverr Shopify, WooCommerce, EasyStore, Squarespace, Magento, RapidCloud, VirtueMart, Opencart, PrestaShop, Zen cart, J2store, Shoptimize, Oscommerce, Zenoti, HikaShop, myBizCart Shopify, WooCommerce, EasyStore, Squarespace, Magento, RapidCloud, VirtueMart, Opencart, PrestaShop, Zen cart, J2store, Shoptimize, Oscommerce, Zenoti, HikaShop, myBizCart Shopify WooCommerce, EasyStore, Exabytes, Sitegiant, Instaweb, OnPay, travelport galileo, PrestaShop, webShaper, amaxMall Shopify, WooCommerce, EasyStore, Avana, Cs.cart, Cubecart, Drupal commerce, EasyStore, Ecshop, eStore, Shopline, Instant store, Interspire, Magento, Net Shop, Opencart, ShopEx, Sitegiant, VirtueMart, Web Ninja, Web shaper, Xcart, myBizCart, PrestaShop, Good maji

Malaysia Payment Gateway Benefits You Should know

Billplz

• Quick application & approval process (3 working days)
• Process members payout directly in local currency
• Easily share campaign across all social media channels
• Support all banks under FPX

-> Check Pricing From Billplz Official Page

Stripe

• Comprehensive security and rigorous compliance
• Fast and predictable payouts
• 24×7 phone, chat and email support
• Robust developer platform and third-party integrations

-> Check Pricing From Stripe Official Page

Paypal

• Easy sign up
• International presence
• 100 Million+ ACTIVE registered accounts
• Process multi-currencies

-> Check Pricing From PayPal Official Page

ipay88

• Support Malaysia Online Bank Transfer
• Offer International Gateways – multiple currencies
• Low transaction fee
• Short settlement period
• After sales service

-> Check Pricing from iPay88 Official Page 

Razer

• Low transaction fee
• Support Malaysia Online Bank Transfer
• Registered Business (Merchant Acquiring Services) with Bank Negara Malaysia (Payment System Act 2003)
• Ability for customers to pay at 7-11 or Petronas via MOLCash
• Extra Loyalty Points via B-Infinite (formerly known as Bcard)

-> Check Pricing from MOLPay Official Page

Malaysia Payment Gateway Benefits You Should know

Billplz

• Quick application & approval process (3 working days)
• Process members payout directly in local currency
• Easily share campaign across all social media channels
• Support all banks under FPX

-> Check Pricing From Billplz Official Page

Stripe

• Comprehensive security and rigorous compliance
• Fast and predictable payouts
• 24×7 phone, chat and email support
• Robust developer platform and third-party integrations

-> Check Pricing From Stripe Official Page

Paypal

• Easy sign up
• International presence
• 100 Million+ ACTIVE registered accounts
• Process multi-currencies

-> Check Pricing From PayPal Official Page

ipay88

• Support Malaysia Online Bank Transfer
• Offer International Gateways – multiple currencies
• Low transaction fee
• Short settlement period
• After sales service

-> Check Pricing from iPay88 Official Page 

Razer

• Low transaction fee
• Support Malaysia Online Bank Transfer
• Registered Business (Merchant Acquiring Services) with Bank Negara Malaysia (Payment System Act 2003)
• Ability for customers to pay at 7-11 or Petronas via MOLCash
• Extra Loyalty Points via B-Infinite (formerly known as Bcard)

-> Check Pricing from MOLPay Official Page

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