Malaysia Online Payment Gateways Comparison

Packages with No Setup and Annual Fees

We compile some of the most popular Malaysia online payment gateways with zero setup and annual fees. Featuring PayPal, Lunapay, and Billplz.

PayPal

PayPal is suitable if you are targeting customers outside Malaysia. Zero setup and annual fees. Customer can only pay with PayPal or Credit Card, no Malaysia Online Bank Transfer available.

  • Setup fee – FREE
  • Malaysia Online Bank Transfer : Not Applicable
  • Credit Card Transaction Fee : 3.9% + RM2.00
  • Application Approval time : Immediate
  • Settlement Speed : Manual withdrawal with minimum amount
Lunapay

Lunapay (Startup Package) is suitable for startups. Zero setup and annual fees. Malaysia Online Bank Transfer and Credit Card transaction available.

  • Setup fee – FREE
  • Malaysia Online Bank Transfer : RM1.50/transaction
  • Credit Card Transaction Fee : 3%
  • Application Approval time : up to 8 weeks
  • Settlement Speed : 1-3 days
Billplz

Billplz (Basic Membership Plan) could be your choice if you don’t require credit card transactions. Zero setup and annual fees. Only Malaysia Online Bank Transfer, no Credit Card included.

  • Setup fee – FREE
  • Malaysia Online Bank Transfer : RM1.50/transaction
  • Credit Card Transaction Fee : Not Applicable
  • Application Approval time : 1 week
  • Settlement Speed : Next business day (except Friday)

Popular Packages with Setup / Annual Fees

Here are some of the most popular Malaysia payment gateway packages that require setup and/or annual fees. These packages are suitable for established businesses with a huge amount of transactions per month because these packages have lower transaction fees. Featuring eGHL, iPay88, and MOLPay.

eghl

eGHL on-boarding fee starts from RM499 and a monthly maintenance fee of RM25 (if less than RM15k per MID/month). Malaysia Online Bank Transfer and Credit Card transaction available.

  • On-boarding fee – RM499
  • Monthly maintenance fee – RM25
  • Malaysia Online Bank Transfer : 2.5% or RM0.50 (whichever higher)
  • Credit Card Transaction Fee : 2.5% + RM0.50 (for ticket size less than RM40)
  • Application Approval time : 7 – 14 days
  • Settlement Speed : Payout on weekly basis
ipay88

iPay88 (SME Plan) setup fee starts from RM488 and an annual fee of RM500. Malaysia Online Bank Transfer and Credit Card transaction available.

  • Setup fee – RM488
  • Annual fee – RM500
  • Malaysia Online Bank Transfer : 2.9% or RM0.60 (whichever higher)
  • Credit Card Transaction Fee : 2.9%
  • Application Approval time : 7 – 14 working days
  • Settlement Speed : Payout on weekly basis
MOLPay

Razer (Premium Plan) one-time signup fee is RM400 and RM499 annual fee. Malaysia Online Bank Transfer and Credit Card transaction available.

  • One-time Signup fee – RM400
  • Annual maintenance fee – RM499
  • Malaysia Online Bank Transfer : 2.4% or RM0.60 (whichever higher)
  • Credit Card Transaction Fee : 2.4%
  • Application Approval time : 7 – 14 days
  • Settlement Speed : Payout on weekly basis