5 Popular E-commerce Payment Gateway Available in Malaysia

Build or open E-commerce Shopping Website, you need to have a payment gateway to collect the payment from the buyers when they purchase product or service online. 

Some of the major e-commerce web features must apply into your e-commerce website. 

What is the option that we have for payment gateway service in Malaysia Country? 

Below are the 4 Major popular payment gateways in Malaysia 

 

Online Merchant

1. eGHL

GHL Systems Berhad (eGHL) was founded in Year 2013 March. eGHL offering secure Internet payment solution, covering both cards and non-cards payments channels, across Southeast Asia, to online businesses throughout the region. eGHL complies with Malaysia's Financial Services Act 2013 & regulated as the non-bank acquirer with Central Bank of Malaysia. eGHL payment gateway is fully PCI Level 1 compliant and built around the latest technologies in the industry. Simply integrate and start accepting payments for all Type E-commerce shopping cart application software.
http://www.e-ghl.com/

2. IPay88

iPay88 is a leading and award-winning regional Payment Gateway Provider in South East Asia. Ipay88 provide innovative solutions to accept payments online. Ipay88 headquarters is located in Kuala Lumpur, Malaysia and we have presence in Cambodia, Indonesia, the Philippines, Thailand and Singapore.
https://www.ipay88.com

3. Razer Merchant Services (RMS) - formerly known as MOLPay

Razer Merchant Services (formerly known as MOLPay) provides a complete suite of payment methods from credit/debit card, online banking, e-wallets, Buy Now Pay Later (BNPL), and Razer Cash (cash-over-counter/online-to-offline). RMS with proven track records of being the largest and only payment processor in Malaysia with substantial volume capacities.

Website URL: https://merchant.razer.com/

4. Stripe

The new standard in online payments, stripe is the software platform for running an internet business. Stripe provide powerful and flexible tools for internet commerce like marketplace, e-commerce store or crowdfunding platform.
https://stripe.com/en-my

5. Paypal

Paypal is an international company, but they serve in Malaysia.  Shop and pay with PayPal and not only will you never have to worry about security, you'll also get to enjoy exclusive PayPal deals at your favourite stores. Shopping with PayPal is safer and easier because all you need is your email and password, and Paypal'll keep all your details safe and secure. The support is fast and good.
https://www.paypal.com/my/webapps/mpp/home

 

 

Others payment gateway

Senangpay.my - Whether you sell on e-commerce website, or on social media, or other platforms, senangPay helps you receive online payment easily.

m2upay - Maybank2u Pay is an online debit payment gateway solution for your business.


If you are located in Malaysia you should look for Web Design Malaysia Company to build the E-commence Shopping Cart system.

Payment Gateway Comparison

Features

EGHL

IPay88

Stripe

PayPal

m2upay

Founded

South East Asia Region

South East Asia

California, US

California, US

Malaysia

Covering range

Southeast Asia

Malaysia,
Cambodia, Indonesia, the Philippines, Thailand, and Singapore.

39 countries

200 countries

Maybank Users

Convert currency

Yes

Yes

Yes

Yes

No

Transaction Fee

2.5% per transaction

2.5%-3.0% per transaction

2.9% + $0.30 per transaction

3.9% + RM2.00

-

Support

Email

Email or Phone

Email

Phone & Email

Phone

Minimum withdraw

RM 100

RM100

$90

RM 40

N/A

Supported Card

 

Visa & MasterCard

Visa & MasterCard

Visa, MasterCard, American Express, Diners Club, JCB ,China Union Pay and Discover

Visa, MasterCard, American Express, and Discover

Maybank

FPX Online Banking

Maybank 2U, CIMB Clicks, RHB Online, HL Online, Alliance Online, PbeBank, Ambank, Bank Islam, UOB, Affin Online, Bank Rakyat, Bank Muamalat, OCBC, Standard Chartered, KFH

Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, RHB Online, FPX (Maybank 2U, HL Online, RHB Online, Bank Islam, PbeBank)

-

-

Maybank

Wallet

GrabPay, Alipay, Boost and MCash

Boost, TNG e-wallet, GrabPay, MAE

Alipay, Google Pay, Apple Pay, WeChat Pay.

GrabPay, Google Pay, Apple Pay,

MAE

Yearly Fee

RM399

None

None

None

None

4 Major Key Players in Malaysia Online Payment

  1. Customer - Business Corporate, consumer and online shopper.
  2. Merchant - Marketplace, E-commerce website owner.
  3. Service Provider
  4. Issue Bank
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