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 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  | 3 % (soho plan - 4%) | 3.95 % | 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 Period | Payment into PayPal Account Instantly. | Weekly Transfer to Bank Account (via Bank Transfer) | 4 weeks - Transfer to Bank Account (via TT) | ||
Accepted Currencies | RM Only (USD also supported, requires separate application) | 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 | Operion Ecommerce (Biz Commerce & Brand commerce) | ||||
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Learn more | See Worldpay application process Note: WorldPay no longer supports Malaysia Merchants. Contact WorldPay sales at +65 6 339 9892 (Singapore Branch) | ||||
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