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Payment Gateway Comparison


If you sell online and you want to accept credit card payments, you will need to sign up an Online Payment Gateway Services. Pick one or more that best suited to your needs!

Online Payment Gateways
Setup Fee
Free
RM 488
Normal USD 175
Now Free
USD 49
RM 400 (Premium)

RM499 (Lite)
Annual / Monthly Fee
Free
RM 500
(soho plan - zero yearly fee lifetime)
1st Year - USD $140
2nd Year onwards - USD $280
No
Premium plan: MYR 499 / year
Lite plan:
First year
- MYR 99(waived)
Second year onwards - MYR 99 (Waived if the previous year’s total payment processing volume more than MYR 5,000.00)

Credit Card Transaction Fee
http://www.webshaper.com.my/0img/icon-info.gif
DOMESTIC
3.4% + RM2.00
(check
detailed fee)

CROSS BORDER
3.9 % + RM2.00
(check
detailed fee)
3 %
(soho plan - 4%)
3.95 %
5.5 % + $0.45 USD
(check
detailed fee)
Premium E-debit - 3% or minimum MYR0.60 whichever is higher
 Lite  E-debit - 3.8% or minimum MYR0.60 whichever is higher
Deposit
No
No
Subject to Review
No
No
Payment Remittance
/ Settlement Periodhttp://www.webshaper.com.my/0img/icon-info.gif
Payment into PayPal Account Instantly.
Weekly Transfer to Bank Account (via Bank Transfer)
4 weeks - Transfer to Bank Account (via TT)
Weekly - Transfer to Bank Account (via TT)
(about 3 weeks for Malaysia)
Details here
Weekly Transfer to Bank Account
(See
MOLPay Remittance Chart)
Accepted Currencies http://www.webshaper.com.my/0img/icon-info.gif
http://www.webshaper.com.my/0img/icon-new2-yellow.png25 International Currencies (USD, RM, Euros, GBP, Yen, SGD and more currencies)
RM Only
(USD also supported, requires separate application)
12 International Currencies
(
See details)
RM Only
Minimum Amount for Withdrawal




RM 100
Minimum Settlement  - MYR 100 (Premium / Lite)

Premium Settlement Charge: N/A
Lite Settlement Charge: MYR 2 per settlement
Application Approval Time
Immediate
(Get Your Credit Card ready for verification)
2 working days
5 working days
24~48 hours
E-debit channel (Internet Banking) - 5 working days (must complete all documents)
Credit card channel - Subject to the bank approval.
Estimated time within 3 months
Benefits
* Easy sign up
* No setup or monthly fees
* International presence
* 100 Million+ ACTIVE registered accounts
* Good for selling worldwide
* Owned by Ebay
* Process multi-currencies
* Support Malaysia Online Bank Transfer
* Offer International Gateways - multiple currencies
* Low transaction fee
* Short settlement period
* MOTO
* After sales service
* Free ad on mobile88.com
* Notified by Bank Negara Malaysia (
Payment System Act 2003)
* World Recognized
* High Trust
* Very Reliable Payment Gateway
* Support Most Currencies Type
* MOTO
* Good for selling Worldwide
* Owned by RBS Bank
*
Support PayPal (Uk only. T&C Apply).
* Low setup fee
* Easy sign up
* No monthly or gateway fees
* Low startup cost
√  PCI Data Security Standard (PCI DSS) compliance
      Mobile phone and table user friendly payment page

Features:
 Email Payment
 QR Code Payment
 Real-Time Online Reporting
 High Tech Fraud Management
 Simple Checkout / ProCheckout
* Support Malaysia Online Bank Transfer
* Low transaction fee
* Notified by Bank Negara Malaysia (
Payment System Act 2003)
Malaysia Online Bank Transfer
N/A
Alliance Online
Am Online
CIMB Clicks
EON Online
Hong Leong Online
Maybank2u
RHB Online
FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
N/A
N/A
Alliance Online
Am Online
CIMB Clicks
Hong Leong Online
Maybank2u
RHB Online
FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)
Works with http://www.webshaper.com.my/0img/icon-info.gif
Operion Ecommerce (Biz Commerce & Brand commerce)

Apply for Paypal
Apply for iPay88
Apply for RBS WorldPay
Apply for 2Checkout
Apply for 2Checkout
Learn more

See Worldpay application process

Note: WorldPay no longer supports Malaysia Merchants.

Contact WorldPay sales at +65 6 339 9892
(
Singapore Branch)
Additional Forms for Applications
*
Director's Resolution
*
Letter of Agreement

* This payment gateway comparison table is for information purposes only. WE MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE INFORMATION IN THIS WEB PAGE. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.


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