Online Payment Gateway Malaysia | VeecoTech
Payment Gateway2022-03-21T16:05:32+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 FREE FREE RM 499 RM 488 Lite Plan: RM 499 

Premium Plan: RM 400 

FREE
Annual Fee FREE (Basic Plan) FREE Maintenance fee RM25/month, waivable if your monthly transaction volume exceeded RM15,000. RM 500 (No Hidden Charge)

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

Premium Plan: RM 499 

FREE
Payment method (Online banking) RM 1.50 per transaction (basic package) N/A

FPX

2.5% or RM0.50 (whichever is higher)

E-Wallets

GrabPay, Boost, MCash, Touch’ N Go at 1.5%

Scan & Pay from MAE by Maybank2u at 1.0%

2.80% or minimum RM 0.60 whichever which is higher

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

3.0% + RM 1.00 per paid transaction via FPX
Payment method (Credit card & eWallet) N/A Domestic 3.9% + RM2.00 per paid transaction on VISA / Master card / American Express 2.5% for Visa, MasterCard transaction

Credit Card:
Visa & MasterCard- MDR 2.9%

Debit Card:
Visa & MasterCard-MDR 2.8%

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

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

3% + RM1.00 per paid transaction on VISA / Master card, additional 2% fee for currency conversion
Supported Currencies RM only International Currencies RM (MYR), RM 500 setup for each foreign currency RM only RM only International Currencies
Withdrawal Method Transfer to local bank (weekly) Transfer to local bank (weekly) Transfer to local bank (weekly) Transfer to local bank (weekly) Transfer to local bank (weekly) Transfer to local bank (weekly)
Received money in local bank
Supported cards N/A VISA / Master card / American Express VISA and Master card VISA and Master card VISA and Master card VISA and Master card
Minimum amount for withdrawal N/A RM 40 N/A RM 100 RM 100 N/A
Bank Transfer and other payment services
  • Alliance Online
  • Am Online
  • CIMB Clicks
  • Affin bank
  • Hong Leong Online
  • Maybank2u
  • Bank Muamalat
  • Standard Charted
  • UOB
  • RHB Online
  • OCBC bank
  • Pbebank
  • Bank Islam
  • KFH
  • 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)
  • CIMB
  • Maybank RHB
  • Public Bank
  • Hong Leong
  • Bank Islam
  • AffinBank
  • FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
  • 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)
  • 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) 
FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
Application Approval Time 3 working days
(Apply for Billplz payment gateway account)
Immediate

(Get Your Credit Card ready to verify your PayPal Account)

  • 7 – 14 working days (for internet bank transfer)
  • 1 to 2 months (for credit card gateway)
  • 7 – 14 working days (for internet bank transfer)
  • 1 to 2 months (for credit card gateway)
  • 3 to 5 working days (for internet bank transfer) 
  • 1 to 2 months (for credit card gateway) 
Immediate
E-commerce Platform Integrations Shopify WooCommerce, EasyStore Shopify, WooCommerce, EasyStore, Squarespace Shopify, WooCommerce, EasyStore, Squarespace Shopify, WooCommerce, EasyStore, Magento Shopify, WooCommerce, EasyStore Shopify, WooCommerce, EasyStore, Squarespace

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

Can’t Decide on which payment gateway to use?

No worries, let our expert team guide you through the whole online payment process.
Get a free consultation today

close-link