If you’re selling online in Malaysia, picking the right payment gateway can save you a lot of headaches. We’ve put together a quick guide to five popular options, so you know what works best for your business.
 

1. Billplz

Billplz is a Malaysian payment gateway that helps online businesses accept FPX payments, which are instant bank transfers between Malaysian banks. It's affordable, simple to use, and ideal for smaller businesses like:

• SMEs (small and medium enterprises)

• NGOs (non-profits)

• Startups and home-based sellers

These types of businesses love Billplz because it charges low fees and doesn’t have complicated setup requirements.

Key Features of Billplz

1. Direct FPX bank transfer
   Let your customers pay straight from their bank accounts. Funds are settled to your account as early as the next working day.

2. Easy integration
   Billplz provides tools (API and ready-made plugins) that make it simple to connect to platforms like WooCommerce (WordPress), Shopify, and EasyStore.

3. Transparent pricing
   No hidden fees, starts from RM1.50 per FPX transaction, which is cheaper than most competitors.

4. Add-ons available
   You can add card payments or e-wallets (like GrabPay or Touch 'n Go) through third-party partners, but they’re not included by default.

5. PayOut feature
   You can send money to others (e.g. partners, agents, vendors) from your Billplz dashboard, useful if you're running a platform or affiliate program.

Pros

• Cheapest for FPX: If your customers mostly pay with online banking, Billplz saves you money.

• Fast setup: You can get started quickly, especially helpful for small, local sellers.

• Support team based in Malaysia: Easier communication and problem-solving.

Cons

• No built-in card or e-wallet payments: You need to connect these manually through other services.

• No Buy Now Pay Later (BNPL): Doesn't support options like Atome or Grab PayLater.
   

2. iPay88

iPay88 is one of the oldest and most trusted payment gateways in Malaysia. It's been around since the early days of e-commerce and is officially regulated by Bank Negara Malaysia, which adds credibility.

Because it's widely used and supports almost every major payment method, many larger businesses and even government websites rely on it to handle online payments securely.

Key Features of iPay88

1. Credit & debit cards
   Accepts Visa, Mastercard, and AMEX, both local and international.

2. FPX online banking
   Lets customers pay via instant bank transfers from Malaysian banks.

3. E-wallets
   Includes all the major e-wallets like:

   • GrabPay

   • Touch ‘n Go eWallet

   • Boost

   • ShopeePay

4. Buy Now Pay Later (BNPL)
   Supports flexible payment methods like:

   • Atome

   • PayLater by Grab

5. Subscriptions & recurring billing
   Ideal if you sell memberships, services, or SaaS products that need automatic monthly charges.

6. Platform plugins
   Easy to integrate with major e-commerce platforms like WooCommerce (WordPress), Magento, OpenCart, and Shopify.

Pros

• All-in-one solution: One integration gives you access to cards, FPX, e-wallets, and BNPL, no need for separate providers.

• Highly trusted: Used by big corporations, public services, and well-known brands.

• Good security: Built-in fraud protection to reduce risks like chargebacks and suspicious transactions.

Cons

• Slower onboarding: Approval and setup process may take time, especially for new or small businesses.

• Higher transaction fees: Not the cheapest option, especially if your volume is low.

• Corporate-only: You must have an SSM-registered company and corporate bank account to apply, freelancers or individuals are not accepted.
   

3. eGHL

eGHL is the online payment gateway division of GHL Systems Berhad, a major regional fintech company. They process over RM1 billion in online payments every year, which makes them one of the more established players in Southeast Asia.

What makes eGHL unique is its focus on regional merchants, especially those selling across Malaysia, Thailand, the Philippines, and other ASEAN markets. If you plan to expand into Southeast Asia, this gateway is built with that in mind.

Key Features of eGHL

1. Multi-currency & cross-border support
   eGHL allows you to accept payments in different currencies, and from customers in multiple countries, ideal for regional growth.

2. Credit cards & FPX
   Accepts local and international credit/debit cards, and FPX bank transfers for Malaysian customers.

3. 15+ e-wallets
   eGHL connects to a wide range of popular e-wallets including:

   • Touch ‘n Go

   • GrabPay

   • Boost

   • ShopeePay
     ...and many more, all in a single integration.

4. PCI DSS Level 1 compliance
   This means it meets the highest security standards for handling card data, important for customer trust and legal compliance.

5. BNPL (Buy Now Pay Later)
   Supports BNPL providers like:

   • Atome

   • Grab PayLater

6. Advanced dashboard & reports
   Offers detailed transaction reports, customer insights, and performance analytics through a robust back-end.

Pros

• Cross-border ready: Ideal if you’re selling in or expanding to Thailand, the Philippines, or other ASEAN countries.

• All-in-one payments: One integration gives you access to cards, FPX, and most major e-wallets.

• Subscription-ready: If your store uses auto-renewals or membership billing, eGHL has that covered.

Cons

• Longer settlement times: It might take a bit longer (e.g., a few working days) to receive your funds compared to other gateways.

• Higher fees for small sellers: If you don’t have a lot of monthly sales, you might face higher transaction costs than simpler, local-focused gateways like Billplz.
   

4. SenangPay

SenangPay is a Malaysian payment gateway designed to be easy to use, just like its name, “senang” (which means “easy” in Malay). It’s perfect for solopreneurs, freelancers, and small businesses who want a quick, fuss-free way to start collecting online payments.

You don’t need a full SSM-registered company to use it, which makes it beginner-friendly.

Key Features of SenangPay

1. Accepts credit cards, FPX, and e-wallets
   With just one setup, you can receive payments from:

   • Credit/debit cards (Visa, Mastercard)

   • FPX online banking (all major Malaysian banks)

   • E-wallets like GrabPay, Touch ‘n Go, Boost

2. Transparent pricing
   Monthly plans start at RM300 per year (RM25/month), with clear transaction fees and no hidden costs.

3. Auto-generated payment links
   You can create ready-made payment links or checkout pages, great for sending through WhatsApp, Instagram DM, or social media.

4. Basic fraud detection
   Provides simple tools to block suspicious transactions and protect your store.

5. Recurring payments & donation pages
   Supports subscriptions (e.g. coaching, memberships) and easy donation setup, popular with NGOs and community sellers.

Pros

• Super beginner-friendly: Designed for those who have zero tech skills.

• Works for individuals: You don’t need an SSM company, individuals can apply (though there are some feature limits).

• Great for social sellers: Perfect if you sell on Instagram, TikTok, Facebook, or via WhatsApp.

Cons

• Not for big businesses: It lacks the advanced features or flexibility larger platforms may need.

• Basic reporting tools: The dashboard is simple, good for small businesses, but not very detailed for analytics-heavy users.
   

5. Fiuu

Fiuu, previously known as Razer Merchant Services (RMS), is an enterprise-grade payment gateway designed for businesses that need scalable, advanced payment solutions.

It’s trusted by large-scale sellers, SaaS platforms, and online marketplaces because of its broad payment support, fast settlements, and robust fraud protection systems.

Key Features of Fiuu

1. 30+ payment methods
   Fiuu supports:

   • Credit & debit cards (Visa, Mastercard, AMEX)

   • FPX online banking

   • DuitNow QR

   • E-wallets (GrabPay, Touch ‘n Go, Boost, etc.)

   • BNPL (Buy Now Pay Later options)

2. Marketplace features

   • Split payments: Automatically divide revenue between sellers and partners, perfect for marketplaces like Shopee or TikTok Shop.

   • Escrow: Hold funds temporarily until conditions are met, great for platform-based trust.

3. Fraud protection & chargeback handling
   Built-in tools to detect fraudulent transactions and help manage or reduce chargebacks.

4. PCI DSS Level 1 compliance
   Meets the highest industry standards for payment security and card data handling.

5. Fast settlement times
   Eligible merchants can receive funds as quickly as the same day or next working day, which is faster than average.

Pros

• Marketplace-friendly: If you're running a platform or multi-vendor store, the split and escrow functions are invaluable.

• Built for scale: Designed to support high transaction volumes and complex payment needs.

• Strong security: Trusted fraud detection, chargeback tools, and stable system uptime.

Cons

• Too advanced for small sellers: May be too complex or expensive for freelancers or solopreneurs.

• Not plug-and-play: Requires custom setup and pricing, often involving sales consultations and technical integration.
   

Payment Gateway Feature Comparison Table

Payment Gateway	FPX	Cards	E-Wallets	BNPL	Onboarding Speed	Best For
Billplz	Yes (included)	Cards only via add-on	E-wallets only via add-on	No BNPL support	Fast setup	Small to medium businesses focused mainly on FPX payments
iPay88	Yes	Yes	Yes	Yes	Medium speed	Established online stores needing full payment options
eGHL	Yes	Yes	Yes	Yes	Medium speed	Businesses selling across Malaysia and Southeast Asia (regional)
SenangPay	Yes	Yes	Yes	No BNPL	Fast setup	New small businesses and individual sellers (solopreneurs)
Fiuu	Yes	Yes	Yes	Yes	Medium to slow setup	Large enterprises, marketplaces, and startups needing advanced payment features

To ensure your entire webstore runs smoothly, check out our guide on popular webstore integrations in Malaysia that can help boost your business efficiency.

Things to Consider When Picking a Payment Gateway

1. Who are your customers?

   • If most buyers are local Malaysians paying via FPX (online bank transfer) or popular e-wallets like Touch ‘n Go, then Billplz or SenangPay could be good, easy, and affordable choices.
      

2. How fast do you plan to grow?

   • If you expect to have a high number of transactions, sell in multiple currencies, or have buyers from other countries, then gateways like Fiuu or eGHL can better support that growth because they offer more advanced features and regional support.
      

3. Do you want to offer Buy Now Pay Later (BNPL) or e-wallet payments?

   • If yes, then look at iPay88, Fiuu, or eGHL since they support BNPL options like Atome or Grab PayLater, plus lots of e-wallet choices.
      

4. Do you want simple, predictable fees or advanced features?

   • Some gateways like Billplz charge flat and simple fees, making it easy to budget. Others like Fiuu offer more complex, customisable pricing but come with advanced tools for bigger or more complex businesses.
      

The Right Payment Gateway Drives Sales

Choose wisely, integrate smartly, and for everything else behind the scenes, use BigSeller to unify your operations. BigSeller helps you effortlessly manage your orders, inventory, warehouse, purchases, marketing, and reporting all in one place. Plus, it connects smoothly with your accounting software to keep your finances in check.

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