Comparison Between Payment Gateway Service Providers In Malaysia

This is one of the most commonly asked questions. In fact, there many payment gateway providers in Malaysia today (e.g., ipay88, Fiuu, eGHL, 2C2P, Kiple, UPay, SenangPay, Curlec etc.). If this is something new to you, you may not have any idea which one to choose for your ecommerce website. Search no further, we have compiled some of the crucial information so that you can do a comparisons here. We hope these information will help you decide which is the most suitable package for your online business. Let’s compare now!

Comparison between payment gateway service providers in Malaysia below:


Name	Curlec by Razorpay	ipay88	Fiuu	eGHL	PayPal
Setup fee	Standard Package: RM500 Enterprise Package: Volume Based Pricing	SME: RM1000 Enterprise: RM2500	Lite: RM499 Premium: RM400	Plan 1: RM499 Plan 2: RM5000	Free
Annual fee	Standard Package: FREE Enterprise: Volume Based Prising	SME: RM500 Enterprise: RM900	Lite: RM99 (Waived for the 1st year) Premium: RM499	Plan 1: RM25/mth (waived if sales >RM15k/mth) Plan 2: RM599 (waived if sales >RM180k/year)	Free
One-time credit card application fee	None	Free	Lite: Waived (normally RM900) Premium: Waived (normally RM900)	Free	Free
Credit card transaction fee (per transaction)	Domestic: 2.5% International: 3%	SME: 2.8% Enterprise: 2.4%	Lite: 3.8% Premium: 2.4%	Plan 1: 2.5% Plan 2: 2.0%	MY: 3.9% + RM2 Overseas: 4.4% + RM2
Types of credit card	Visa, Mastercard, UnionPay	Visa, Mastercard, AMEX, UnionPay	Visa & Mastercard	Visa, Mastercard, UnionPay, NETS, Diners Club, Discover, AMEX, MyDebits	Visa, Mastercard, Amex & Discover
Online banking transaction fee (per transaction)	1.5% or RM1.00 (whichever is greater)	SME: 2.8% or min RM0.60 (higher) Enterprise: 2.0% or min RM0.60 (higher) Debit card: Startup 2.8%, SME 2.5%	Lite: 3.8% or min RM0.60 (higher) Premium: 2.4% or min RM0.60 (higher)	Plan 1: 2.5% or min RM0.50 (higher) Plan 2: 2.0% or min RM0.50 (higher)	-
E-wallets (per transaction)	Touch'nGo, GrabPay, Boost: 1.5%	Boost, DuitNow, GrabPay, MCash, MAE, ShopeePay, TNG, UnionPay & Alipay: 1.5% Setel: 1.6%	Lite: Not available Premium: ShopeePay, GrabPay, MAE, TNG: 1.4%	Boost, GrabPay, Touch'nGo & MAE: 1.5%	-
Buy Now Pay Later (BNPL)	ShopBack PayLater & PayLater by Grab	Atome & PayLater by Grab	Atome & PayLater by Grab	Atome, VISA Instalments, pace., HSBC & PayLater by Grab	-
Other payment methods	Direct Debit & Payouts	ApplePay, GPay, PayPal & Samsung Pay	ApplePay, GPay, Huawei Pay, Samsung Pay, Razer Cash, WeChat Pay & Crypto	WeChat Pay, Setel, UnionPay, Truemoney, Alipay, ShopeePay & MCash	-
Business registration requirements	Yes	Yes	Yes	Yes	No
Receive payment	T+2 days	Bi-weekly transfer to bank account	Weekly transfer to bank account	Weekly transfer to bank account	Direct withdrawal to local bank
Application Time	1-2 days	CC: ~2 months Online: 7-14 working days	CC: ~2 months Online: 3-5 working days	CC: ~2 months Online: 7-14 working days	Credit card: 2 months
Min. Withdrawal sum	No minimum withdrawal	No minimum withdrawal	Lite: RM100 (RM2 per settlement) Premium: RM100	No minimum withdrawal	More Info
Website	More Info	More Info	More Info	More Info	More Info

Thing #10 – Decide Your Lead Magnet

It is better to decide what you want to promote or highlight before even the website development started, so that designer/developer know that they have to reserve certain spaces at the sidebar or even slider to put your highlights or promotions. Lead magnet such as:

Discount on your product/service
Free product/service
Free consultation
Register and get discount

There you have it, things that you would need to know before hiring someone to start or redesign your website. It requires time, money and effort, so make sure you get what you wanted.

Head on our services to take a look on how we can help you to setup your website or contact us if you are looking for professionals to redesign your website.

Below are some of our services: