Malaysia Online Payment Gateways Comparison
(iPay88, Razer Merchant Services, eGHL & Paypal)

Compare Malaysia’s popular online payment gateways in detail.
All of them are supported by SiteGiant eCommerce website.
Providers
razer merchant services logo
Formerly known as MOLPay
e-ghl logo
ipay88 logo
paypal logo

More Details
Package
Razer LiteRazer PremiumeGHL 499 PackageiPay88 SOHO PlaniPay88 SME PlanPaypal Premier, Business
Promotion
-Exclusive Promotion for SiteGiant merchants
Offer ends
31st May 2022
-Exclusive Promotion for SiteGiant merchants
Offer ends 31st May 2022
Premier, Business
Setup Fee
RM 499RM 400 RM 200
(*Waived Razer CASH sign up fee RM 500 & maintenance fee RM 299)
**RM 499
(ONE TIME only )
RM 488 Free*RM 488
(*Waived RM 900 processing fee imposed by bank for credit card gateway)
No setup fee
Annual Fee
RM 99

Subsequent years: RM 99
RM 499 **RM 249
Discount for 1st year only
**RM 25.00 for transaction volume less than RM 15,000 per/month

Waived if monthly volume exceed RM 15,000
Waived*RM 500
Waived from 2nd year onwards
No annual fee
Transaction Fee
3.8% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and Razer's 7-11 cash channel3% 2.65% per transaction for Visa and Mastercard

3% 2.65% per transaction or minimum RM 0.60 whichever is higher for online banking (e-debit) and Razer ATM

3% 2.65% + RM 1 for Razer Cash at 7-Eleven
Cards
*2.5% MYR per processing
+ 1% non-MYR processing
+ MYR 0.50 for ticket size less than MYR 40.00


Non-Card
*2.5% or RM 0.50
(Whicheever is higher)
3.5% *3.0% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)2.9% *2.7% per transaction for Visa/Mastercard credit card

*2.5% for debit card

*2.7% for UnionPay Credit/Debit card

2.9% *2.7% per transaction or minimum *RM 0.60 whichever is higher for online banking (e-debit)
Malaysia
3.9% + 2.00 MYR

Overseas
4.4% + 2.00 MYR


More Details
Supported Currencies
RM (MYR)RM (MYR)RM (MYR)
(support multi currencies)
RM (MYR)RM (MYR)RM (MYR), US, Euro, Singapore $ and more
Withdrawal Method
Transfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (weekly)Transfer to local bank (on request)
Receive money in local bank
Supported Cards
- -
Country of origin
MalaysiaMalaysiaMalaysiaMalaysiaMalaysiaUSA
Reliability
HighHighHighHighHighHigh
Minimum Amount for Withdrawal
RM 100
(No withdrawal charge)
RM 100
(No withdrawal charge)
No Minimum withdrawal amountRM 100RM 100See PayPal details here
Bank Transfer and Other Payment Services
Malaysia Online Bank Transfer
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)
Malaysia Online Bank Transfer
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)

Other Payment Methods
Razer Cash at 7-Eleven, Razer ATM
Malaysia Online Bank Transfer
Maybank2U, CIMB Clicks, RHB Online, HL Online, Alliance Online, PbeBank, Ambank, Bank Islam, UOB, Affin Online, Bank Rakyat, Bank Muamalat, OCBC, Standard Chartered, KFH

Other Country Debit
Malaysia Online Bank Transfer
Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

Other Payment Methods
1% for Boost wallet
1.5% for Grabpay
1.5% for TouchnGo pay
2.0% for KipplePay
Malaysia Online Bank Transfer
Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

Other Payment Methods
3.2% for PayPal(Visa/Master)
1% for Boost wallet
1.5% for Grabpay
1.5% for TouchnGo pay
1.2% for Vcash Wallet
2.0% for KipplePay
N/A
Compatible with
All SiteGiant PlansAll SiteGiant PlansAll SiteGiant PlansAll SiteGiant Plans
Get Started

10,000+ Merchants are already on board!

*Subject to Tax

Disclaimer: The Malaysia Payment Gateway Comparison Table is for reference only. Any information given does not constitute any warranty for a particular use.  The copyrights and trademarks of the companies and products mentioned belong to their respective owners.

Other Supported Payment Gateways

other supported payment gateway
other supported payment gateway

What is SiteGiant?

The Ultimate eCommerce Platform that’s used by Malaysian Power Sellers

To INCREASE Sales,
AUTOMATE Process,
REDUCE Workload and MANAGE Multiple Sales Channels…

All In One Place!

iPay88, Razer Merchant Services, eGHL or Paypal?

Which Payment Gateway is more Suitable for me?

new merchant

I’m a new online merchant and I’m still wondering which payment gateway provider would be more suitable for my new emerging business?

I’ve been in the online business for years and I’m considering on setting up a payment gateway for my webstore. But there’s a lot of transactions going on in my webstore every day, and I was wondering which package would benefit me the most.

merchant with budget

I was thinking of going for a more budgeted solution, and I would like to know more about the packages provided.

Can’t decide? Give us a call now!

FREE Consultation Available

If you are as indecisive as the merchants above, why not consult our friendly ecommerce consultants? We will provide some TIPS and SAMPLES on how to choose a payment gateway plan that suits your business. We are more than happy to see you succeed in your eCommerce venture.