5 Most Popular Payment Gateway Malaysia in 202416 min read

What is a payment gateway? 

Payment Gateway Malaysia is a service used by the payment merchant that allows businesses to securely process transactions from the customers. When a customer makes a purchase on an e-commerce website, the online gateway payment processes the transaction by communicating with the customer’s bank and the merchant’s payment processor, and then sending back a confirmation or a decline message to the merchant’s website. The payment gateways encrypts the sensitive information, such as credit card numbers and check the customer has enough money in their account to cover the purchase. Payment gateways are a crucial part of electronic commerce infrastructure, allowing merchants and customers to safely conduct transactions online.

Best Payment Gateway malaysia List

Here is a list of the top gateway for online payment in Malaysia:

1. Senang Pay
2. Billplz
3. eGHL
4. iPay88
5. Stripe

Factors in Choosing a Payment Gateway

When comparing gateway online payment services providers in Malaysia, keep the following five things in mind:

1. Payment Method A payment method is a way for customers to pay for  the services. There are different types of payment methods, including:
   • Credit/debit cards : Customers can use a credit or debit card provided by a financial institution to make payments utilising.
   • Online banking : This method allows customers to make payments using online banking services offered by banks in Malaysia such as Affin Bank, AmBank, Bank Islam, Bank Rakyat, Bank Muamalat, CIMB Bank, Hong Leong Bank, Maybank, OCBC Bank, Public Bank, RHB, Standard Chartered,UOB and other.
   • E-wallets: This is a digital version of a physical wallet and enables customers to make payments. The most popular e-wallets in malaysia include Touch ‘n Go eWallet, Boost, GrabPay, shopee pay and other.
   • Buy Now Pay Later(BNPL): Buy Now Pay Later (BNPL) is a type of installment plan offered by some retailers and e-commerce sites, which allows customers to make a purchase without paying for it upfront. Many retailers and service providers offer credit card installment plans, which allow customers to pay for their purchase in smaller, scheduled payments over time using their credit card. The example of an installment which is switch installment, iphone installment, laptop installment plan and other.
2. Fees The customers must evaluate each provider’s transaction fees and other costs. Following is a list of the several types of fees that often include:
   • Transaction fee (MDR) : Transaction fee, also known as Merchant Discount Rate (MDR), is a fee charged by payment gateway malaysia on every successful transaction. In general, it’s common for the merchant charge rate for each transaction to range from 1% to 4%, although it can be higher or lower depending.
   • Setup fee : A setup fee, also known as an activation fee, is a one-time fee that some banks may charge merchants for setting up and activating a merchant account.
   • Annual fee : It’s the yearly payment to keep the account active. This annual fee also will include the cost of maintaining the merchant account.
3. Application Approval Time To ensure that the website can go live in the anticipated time frame, the application clearance time is crucial. It can take a few days to a few weeks to submit an application for a payment gateway malaysia account.
4. Secure payment processing PCI-DSS (Payment Card Industry Data Security Standards) is a set of security standards established by the major credit card companies (Visa, Mastercard, American Express, etc.) to protect against credit card fraud.By choosing a payment gateway provider that offers secure payment processing with PCI-DSS compliance, merchants can ensure that they are following industry best practices for protecting sensitive customer data, and reducing their risk of credit card fraud.

Malaysia payment gateway comparison

Payment Gateway Malaysia Comparison in detail: *Please visit the official website for the most recent updates as this table is solely for reference.

 

Senang Pay

*Source on the Senang Pay Website SenangPay is a payment gateway service provider in Malaysia and managed by Simplepay Gateway Sdn Bhd. They support a wide range of payment methods, including credit/debit cards, FPX payment, and e-wallets. Features:

• Easy integration with the most popular e-commerce platforms
• Secure payment processing with PCI-DSS compliance
• Low transaction fees
• Multi-Currency support
• Support Installment plan

SenangPay Review One of the great payment gateway that I met in Malaysia. Quick response and efficiency help out to solve my problem. *From the Senang pay google review Checking the senangpay pricing : https://senangpay.my/fee-costing-features/ Address : 19, Jalan Pengaturcara U1/51a, Kawasan Perindustrian Temasya, 40150 Shah Alam, Selangor Contact Detail : 03-2771 2707 Operating Hours : Monday- Friday (9:00am – 5:30pm) Click Here to Register

Billplz

*Source on the Billplz Website According to statistics from Bank Negara, Billplz is one of the most popular online gateway payment options in Malaysia because of its low transaction fees and fast settlement time. They support multiple online banking options ,credit/debit cards and e-wallets. Features:

• Easy integration with the most popular e-commerce platforms
• Secure payment processing with PCI-DSS compliance
• Instant notification and auto-update on payment status
• Low transaction fees
• Friendly user interface
• Less withdrawal amount

Billplz Review Explanations are good and very clear and good assist regarding the products and subscriptions Checking the Billplz pricing : https://www.billplz.com/pricing Address : K03-11-13, Level 11, Tower 3 UOA Business Park, 40150 Shah Alam, Selangor Contact Detail : 03-5626 0056 Operating Hours : Monday- Friday (9:00am – 5:00pm)

eGHL

*Source on the eGHL Website eGHL (Electronic Global Holdings Limited) is a product of eGHL Systems Berhad, a company that provides payment solutions for e-commerce in Southeast Asia. eGHL combines multiple well-known payment channels in Southeast Asia into one integrated payment platform, which allows merchants to easily accept payments from customers through various methods including credit and debit cards, online banking and e-wallets. Features:

• Easy integration with the most popular e-commerce platforms
• Secure payment processing with PCI-DSS compliance
• Instant notification and auto update on payment status
• Multi-Currency support
• Support Installment plan
• Less withdrawal amount

Checking the eGHL pricing : https://www.ghl.com/e-commerce Address : C-G-15, Block C, Jalan Dataran SD1, Dataran SD, PJU 9, Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia. Contact Detail : +603 6286 5222 Operating Hours : Monday- Friday (9:00am – 6:00pm)

iPay88

*Source on the iPay88 Website iPay88 is a leading payment gateway provider in South East Asia, owned by The Mobile88 Group of Companies. They provide secure, reliable, and efficient payment solutions for online merchants across the region, including Malaysia, Singapore, Indonesia, and Philippines.The Ipay88 fee is an affordable rate. It offers a wide range of payment options including credit/debit cards, online banking, and e-wallets. Features:

• Easy integration with most popular e-commerce platforms
• Secure payment processing with PCI-DSS compliance
• Instant notification and auto update on payment status
• Support Installment plan

iPay 88 Review Our experience with iPay88 has been very good and seamless so far. Hardly any major tech issues and if there is any, it is dealt with swiftly. Checking the iPay88 pricing : https://www.ipay88.com/ Address : Suite 2B-20-1, 20th Floor, Block 2B, Plaza Sentral, Jalan Stesen Sentral 5, 50470 Wilayah Persekutuan, Federal Territory of Kuala Lumpur Contact Detail : 03-2261 4668 Operating Hours : Monday- Friday (9:00am – 6:00pm)

Stripe

*Source on the Stripe Website Stripe is an American-based company that provides an international payment gateways service. Stripe allows businesses to easily accept payments from customers around the world via credit and debit cards, bank transfers, and other digital wallets. They allow merchants to accept payments from customers via a variety of methods, including credit and debit cards, bank transfers, and other digital wallets. Features:

• Easy integration with the most popular e-commerce platforms
• Secure payment processing with PCI-DSS compliance
• Instant notification and auto update on payment status
• Multi-Currency support
• Instant settlement

Checking the Stripe pricing : https://stripe.com/en-my/pricing

Summary malaysia payment gateway comparison

In conclusion, choosing a payment gateway is not as easy as it seems. Online payment and online banking have indeed transformed the way consumers shop, buy, and pay, as well as the way businesses conduct their transactions. These technologies have made it easier and more convenient for both consumers and businesses to make financial transactions, and have also increased the security and efficiency of these transactions.

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5 Most Popular Payment Gateway Malaysia in 2024 Frequently Asked Questions

This FAQ covers the most common questions about 5 Most Popular Payment Gateway Malaysia in 2024. Last Updated: 8 July 2026

What is a payment gateway in Malaysia?

A payment gateway Malaysia is a service that enables businesses to securely process customer transactions online. It communicates with the customer’s bank and the merchant’s payment processor, encrypting sensitive information like credit card numbers and verifying sufficient funds before confirming or declining the transaction.

• Encrypts sensitive customer information such as credit card numbers
• Communicates with both customer’s bank and merchant’s payment processor
• Sends confirmation or decline messages back to the merchant’s website
• Checks that customers have sufficient funds to cover purchases

Payment gateways are essential infrastructure for safe electronic commerce, protecting both merchants and customers during online transactions.

Learn more about payment gateways

What are the most popular payment gateways in Malaysia?

The five most popular payment gateways in Malaysia are Senang Pay, Billplz, eGHL, iPay88, and Stripe. Each provider offers different features, fee structures, and payment method support to suit various business needs and transaction volumes.

• Senang Pay offers flexible packages with varying annual fees
• Billplz provides both basic and standard packages with different transaction rates
• eGHL charges a setup fee of RM 499
• iPay88 has SOHO and SME plans with distinct pricing
• Stripe offers free setup with transaction-based fees

View payment gateway comparison

What payment methods do Malaysian payment gateways support?

Malaysian payment gateways support multiple payment methods including credit and debit cards, online banking through major Malaysian banks, e-wallets like Touch ‘n Go and GrabPay, and Buy Now Pay Later (BNPL) options. This variety allows customers to choose their preferred payment method.

• Credit/debit cards from financial institutions
• Online banking from banks including Maybank, CIMB, Public Bank, RHB, and others
• E-wallets such as Touch ‘n Go eWallet, Boost, GrabPay, and Shopee Pay
• Buy Now Pay Later (BNPL) and installment plans including credit card payment plans

Support for multiple payment methods increases customer convenience and can improve conversion rates for online businesses.

Explore payment methods

What are the typical fees charged by payment gateways in Malaysia?

Malaysian payment gateways typically charge three main types of fees: transaction fees (MDR) ranging from 1% to 4% per transaction, setup or activation fees (which may be waived by some providers), and annual maintenance fees. The specific costs vary by provider and package selected.

• Transaction fees (MDR) generally range from 1% to 4%, though can be higher or lower depending on the provider
• Setup fees are one-time charges that some providers offer for free while others charge RM 499
• Annual fees vary from free to RM 1500 depending on the package level
• Some providers waive annual fees if monthly transaction volume exceeds a threshold

Merchants should evaluate all fee types when comparing providers, as total cost of ownership extends beyond transaction fees to include setup and annual maintenance charges.

Compare gateway fees

How long does it take to get approved for a payment gateway in Malaysia?

The application approval time for a Malaysian payment gateway account typically ranges from a few days to a few weeks, depending on the provider. The approval timeline is important because it affects when a website can go live with payment processing capabilities.

Merchants should account for this processing time when planning their e-commerce launch date or when switching to a new payment gateway provider.

Check approval times

Why is PCI-DSS compliance important for payment gateways in Malaysia?

PCI-DSS (Payment Card Industry Data Security Standards) is a security framework established by major credit card companies like Visa and Mastercard. Choosing a PCI-DSS compliant payment gateway ensures merchants follow industry best practices for protecting sensitive customer data and reducing credit card fraud risk.

• PCI-DSS standards are established by major credit card companies including Visa, Mastercard, and American Express
• Compliance protects sensitive customer data from fraud
• It demonstrates adherence to industry best practices for security

Merchants are responsible for ensuring their payment processor maintains proper security compliance to protect customer information.

Learn about security standards