Payments Gateway in Malaysia comparison
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Info: updated as of 16 Dec 2025
E-commerce is growing faster during MCO Movement Control Order in Malaysia, these days almost everyone will know three things:
- TikTok & Facebook Live – as hot as live auctions where anyone can grab even fishes and vegetables
- e-Wallets – TouchnGo, Setel, ShopeePay are new trends that came from offline (retail) but also used for e-Commerce
- Zoom – the default communication method for meetings or seminar
- E-commerce – buy anything online anytime
- Buy Now Pay Later (BNPL) – lowering products pricing by offering instalments for payment
Payment Gateways in Malaysia
There are many in Malaysia, we will just share most that we come across often
- Chip In Asia
- SenangPay
- Stripe
- BillPlz
- KipleBiz
- iPay88 (Merged with eGHL to form Adaptis)
- eGHL (Merged with iPay88 to form Adaptis)
To make the comparison easier, you need to be aware what types of transactions you need on your website:
I need Bank to Bank purchases only
BillPlz
Stripe
SenangPay
KipleBiz
Chip
Setup Fee
No
No
No
No
No
Annual Fee
No
No
RM199
RM348
No
Interbank transfer FPX B2C
RM1.10
3% + RM1
RM1 or 1.5%, whichever is higher.
RM1.20
RM1
Woocommerce?
Yes
Yes
Yes
Yes
Yes
Payout
Immediate
1-2 days
I need Bank to Bank and Credit Card purchases
BillPlz
Stripe
SenangPay
KipleBiz
Chip
Setup Fee
No
No
No
RM199
No
Annual Fee
RM999
No
RM349
RM348
No
Interbank transfer FPX B2C
RM0.70
3% + RM1
RM1 or 1.5%, whichever is higher.
RM1
RM1
Credit Card, Debit Card (local)
1.5%
3% + RM1
RM0.65 or 2.5%*, whichever is higher.
1.5% (Credit Card) 1.0% (Debit Card
2.0% (Credit Card) 1.0% (Debit Card
Woocommerce?
Yes
Yes
Yes
Yes
Yes
We are trying to make an apple to apple comparison, so we included Credit Card and Debit Card. Example BP actually has a free tier for interbank transfer ONLY.
What is Payment Gateway?
In order to facilitate payments online for better reconcialation (As a seller you will NOT need to ask for bank-in slips anymore! ) Payment Gateway does few things :
- sets the pricing of the total – that means no more miscommunication or mispaid amount (No more “Eh, how come you bank in less?” )
- allows major malaysia banks (trust us, its every bank transactions you need for 99%)
- (optional) some allows Credit Card – good for large amounts, some customers like creditcard points, like Maybanks Treatpoints
- its automatic – no more checking bank slips, no more worrying about slips being tampered