Online Payment Gateway Malaysia | VeecoTech Online Payment Gateway Malaysia | VeecoTech
Payment Gateway2024-05-09T09:28:17+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.

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.

Ecommerce payment gateways Package

Malaysia Online Payment Gateways Comparison

Compare Malaysia’s most popular online payment gateway in the comparison chart below.
Merchant Providers ipay88 eghl logo new 1280px Stripe Logo revised 2016.svg paypal billplzSecured 1 fiuu
Setup Fee SME Plan (RM 488) 

Enterprise Plan (RM1,888)

Enterprise Premium (RM2,988)

Standard (RM699)

Premium (RM2,800)

Corporate (RM5,000)

FREE FREE Not Stated Waived
Annual Fee

SME, Enterprise Plan (RM500)

Enterprise Premium (RM700)

Standard (RM25/month)

Premium- (RM25/month)

Corporate (RM50/month)

FREE FREE Basic : Free

Standard : RM999 / year

1st year waived

2nd year onward RM99 per annum

Payment method (Online banking) SME

2.7% or RM0.60 whichever is higher

Enterprise

2.0% or RM0.60 whichever is higher

Enterprise Premium

1.8% or RM0.60 whichever is higher

Standard – 2.40% or RM0.60 per transaction

(whichever is higher)

Premium- 2.00% or RM0.60 per transaction

(Whichever is higher)

OR

Fixed rate of RM1.50 per transaction

Corporate- 1.60% or RM0.60 per transaction

(Whichever is higher)

OR

Fixed rate of RM1.00 per transaction

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

3.9% + RM2.00 Cross border

4.4% + RM2.00

FPX B2C RM 1.10 per transaction (basic package)

Standard package RM0.70

B2B : 2.4% or RM1 whichever is higher

B2B : RM3

UPOP : 3%

Payment method (Credit card & eWallet) Credit Card (Visa / Master)

SME (2.7%)

Enterprise (2%)

Enterprise Premium (1.8%)

Debit Card (Visa / Master)

SME ( 2.5%)

Enterprise (1.9%)

Enterprise Premium (1.6%)

Debit / Credit Card (UnionPay)

SME (2.7%)

Enterprise (2%)

Enterprise Premium (1.8%)

International Debit / Credit Card (Visa / Master / Union)

Flat rate (2.9%)

GrabPay – 1.7% Flat rate

Boost, TNG, MaybankQR, NestQR, Mcash, Shopee, SetelPay (1.5% Flat rate)

BNPL

GrabPay, ATOME, MobyPay (6.0% Flatrate)

Credit card (Local – VISA & Master) 

Standard: 2.40%+ RM0.50 for ticket size < RM40.00

Premium- 2.00%+ RM0.50 for ticket size < RM40.00

Corporate- 1.60%+ RM0.50 for ticket size < RM40.00

Debit card (Local – VISA & Master) – 

Standard – 2.40%+ RM0.50 for ticket size < RM40.00

Premium- 1.80%+ RM0.50 for ticket size < RM40.00

Corporate- 1.40%+ RM0.50 for ticket size < RM40.00

International Credit / Debit card ( VISA & Master) 

Standard – 3.40%+ RM0.50 for ticket size < RM40.00

Premium- 3.00%+ RM0.50 for ticket size < RM40.00

Corporate- 3.00%+ RM0.50 for ticket size < RM40.00

MyDebit CNP

Standard – 2.40%+ RM0.50 for ticket size < RM40.00

Premium- 1.80%+ RM0.50 for ticket size < RM40.00

Corporate- 1.40%+ RM0.50 for ticket size < RM40.00

E-wallets

Standard

MAE 1%

Boost, ShopeePay, Mcash, TNG, GrabPay – 1.5%

Premium

MAE 1%

Boost, ShopeePay, Mcash, TNG, GrabPay – 1.3%

Corporate

MAE 1%

Boost, ShopeePay, Mcash, TNG, GrabPay – 1.2%

BNPL

GrabPay Postpaid, BNPL (6%) 

Atome BNPL (5%+RM1)

Visa Installent (HSBC, Ambank, Stand Chart)

3 Months (2.65% per transaction)

6 Months (3.0% per transaction)

9 Months (3.5% per transaction)

12 Months (4.0% per transaction)

18 Months (5.0% per transaction)

24 Months (6.0% per transaction)

36 Months (8.0% per transaction)

Credit and Debit Card

3% + RM1.00

+1% (for international cards)

+2% (If currency conversion is required)

E-wallet:

Alipay (2.9% + RM1.00)

GrabPay (3%)

Domestic 3.9% + RM2.00 per paid transaction on VISA / Mastercard / Discover Network / American Express Basic – 1.8% per transaction

Standard package – 1.8 % per transaction

Credit Card

Visa/Master (Local 2.4%)(Foreign 3.1%)

– MyDebit 2%

– Diners Club International (3.2%)

– Union Pay (3%)

E-wallet / QR Payment

– Duitnow / Wechat pay (1%)

– Shopee / Maybank QR (1.3%)

– Tng / Grabpay / Boost / (1.4%)

– Alipay China (1.5%)

– Alipay+ Cross border (2.7%)

– Union pay QRC (3%)

Buy now pay later

– Grabpay Paylater (Postpaid 5.5%) Installment (6%)

– Atome (5%)

Razer Cash

– Razer Cash 7 Eleven (2.4%) or RM1.40 whichever is higher

Supported Currencies RM only RM (MYR) only 135 + International Currencies RM (MYR), US, Euro, Singapore $ and more RM only International Currencies
Withdrawal Method Not mentioned Transfer to local bank (weekly) Instant Payout to linked bank account or cards Transfer to local bank (on request) / visa card

Payment into PayPal Account Instantly.

Online banking (Next business day)

Credit / Debit Card , Maybank QR Pay (T+2 business day)

ShopeePay, TNG, Grabpay, Boost, Buy now pay later (Wednesday and Friday)

Duit now, Credit cards, Online Banking (weekly on every Thursday)

Domestic E-wallet will be T+2)

Any settlement that falls on a non business day will be made on the next business day.

Received money in local bank check mark check mark check mark check mark check mark check mark
Bank Transfer and other payment services Malaysia Online Banking

  • Affin Bank
  • Agro Bank
  • AmBank
  • Alliance Bank
  • Bank Islam
  • Bank Muamalat
  • BSN
  • CIMB Clicks
  • Hong Leong Connect
  • HSBC
  • Maybank
  • OCBC
  • RHB
  • Public Bank
  • Standard Chartered

Visa / Master / American Express / Union Pay

Other Payment Methods

  • Alipay
  • Boost
  • GrabPay
  • Mcash
  • MAE
  • NETS
  • Setel
  • ShopeePay
  • TNG
  • UnionPay
  • GooglePay
  • Paypal

Buy Now, Pay Later

  • Grab PayLater
  • Atome
Malaysia Online Banking

  • FPX
  • Affin Bank
  • Agro Bank
  • AmBank
  • Alliance Bank
  • Bank of China
  • BNP Paribas
  • CITI
  • Deutsche Bank
  • Bank Rakyat
  • Bank Islam
  • Bank Muamalat
  • BSN
  • CIMB Clicks
  • Hong Leong Connect
  • HSBC
  • Maybank
  • OCBC
  • RHB
  • Public Bank
  • Standard Chartered
  • UOB

Visa / Master / American Express / JCB / Union Pay / MyDebit Secure

Other Payment Methods

  • Alipay
  • Boost
  • GrabPay
  • Mcash
  • MAE
  • ShopeePay
  • TNG

Buy Now, Pay Later

  • Grab PayLater
  • Atome

Instalment

  • VISA Instalments
  • HSBC
  • OCBC
  • Standard Chartered
  • Ambank
Malaysia Online Bank Transfer

  • Banks supported by FPX

Other Payment Methods

  • Alipay
  • Grabpay

Card

  • Visa
  • Master
  • UnionPay
  • Link
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 Banking

  • Maybank2U
  • CIMBClicks
  • Banks supported by FPX

Visa / Master Card

Other Payment Methods

  • Maybank QR Pay
  • ShopeePay
  • TNG
  • GrabPay
  • Boost

Buy Now, Pay Later

  • Grab PayLater
  • Atome
  • Maybank2u
  • CIMB Clicks
  • Hong Leong Connect
  • RHB Now
  • AmOnline
  • PBeBank
  • Bank Islam
  • Affin Bank
  • FPX (Maybank, CIMB, Hong Leong, Public Bank, RHB, Bank Islam, AmBank, Affin Bank, Alliance Bank, Bank Simpanan Nasional, Bank Rakyat, OCBC, UOB, Standard Chartered Bank, Bank Muamalat, Kuwait Finance House)
  • Fiuu Cash via 7-eleven
  • Cryptocurrency (BTC, ETH, USDt)

*cryptocurrency is subjected to management approval

Supported cards
  • VISA 
  • Master
  • American Express
  • Union Pay
  • VISA
  • Master
  • VISA
  • Master
  • UnionPay
  • Link
  • VISA card
  • Master card
  • Discover Network
  • American Express
VISA &

Mastercard

  • VISA
  • Master
  • MyDebit
  • Diners Club International / – Discover UnionPay
Minimum amount for withdrawal Not mentioned No Minimum withdrawal amount Not mentioned RM 40 Not mentioned Please check with team@billplz.com

No minimum withdrawal amount

Application Approval Time
  • Within 7-10 working days (Merchant Account and Online Banking– GrabPay & Maybank QR within 1 month– Credit card within 60 – 90 days
Estimated Processing Time for Approval

FPX and ewallets (touch n go, boost, mcash) (2 weeks)

Credit/Debit Card payment channel               (2 weeks)

Grabpay, Atome, MAE, Shopeepay                  (3 – 4 weeks: wallet provider’s approval)

Not mentioned Immediate
(Get Your Credit Card ready to verify your PayPal Account)
Not mentioned Please check with team@billplz.com Within 7 working days
E-Wallet
  • Alipay
  • Boost
  • GrabPay
  • Mcash
  • MAE
  • NETS
  • Setel
  • ShopeePay
  • TNG
  • UnionPay
  • GooglePay
  • Paypal
  • Boost
  • GrabPay
  • Mcash
  • MAE
  • ShopeePay
  • TNG
  •  Alipay
  •  Grabpay
N/A Payment Methods

  • Maybank QR Pay
  • ShopeePay
  • TNG
  • GrabPay
  • Boost
  • DuitNowQR
  • Touch’nGo
  • ShopeePay
  • GrabPay
  • Boost
  • Maybank QRPay
  • WeChat Pay
  • Alipay China
  • Alipay+ Cross-border
  • UnionPay
E-commerce Platform Integrations Not mentioned Not mentioned Not mentioned Shopify, WooCommerce, EasyStore, Squarespace, Magento, RapidCloud, VirtueMart, Opencart, PrestaShop, Zen cart, J2store, Shoptimize, Oscommerce, Zenoti, HikaShop, myBizCart Opencart, Woocommerce, Magento, Shopify, moodle, PrestaShop, Sellacious, OJS, Ecwid, Cive and total of 30 e-commerce platforms After the account approval process, the merchant will have the opportunity to appoint your related IT team to reference the API we will provide at a later stage. For all matters concerning merchant’s account, including integration, transactions, or any account-related issues, please feel free to reach out to related team  support team support@fiuu.com. They will assist you promptly.

Malaysia Payment Gateway Benefits You Should know

ppc 1

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 

Malaysia Payment Gateway Benefits You Should know

ppc 1

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