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

Compare Malaysia’s popular online payment gateways in detail.
All of them are supported by SiteGiant eCommerce website.
Providers
paypal logo

razer merchant services logo
Formerly known as MOLPay
paypal logo

Package
CommercePay Razer Premium Plan eGHL Basic Package iPay88 SOHO Plan iPay88 SME Plan Paypal Premier, Business
Promotion
Exclusive Promotion for
SiteGiant merchants
Offer ends 31st July 2024
Exclusive Promotion for
SiteGiant merchants
Offer ends 31st July 2024
Exclusive Promotion for SiteGiant merchants
Offer ends 31st July 2024
Exclusive Promotion for SiteGiant merchants
Offer ends 31st July 2024
Premier, Business
Setup Fee
Waived Waived RM 499
Waived
RM 488 Free *RM 488
(*Waived RM 900 processing fee imposed by bank for credit card gateway)
No setup fee
Annual Fee
Waived Waived N/A Waived *RM 500
Waived from 2nd year onwards
No annual fee
Transaction Fee
*2.3% per transaction or minimum *RM 0.60 whichever is higher for online banking

*2.3% per transaction for Visa/Mastercard credit card

*2.3% per transaction for Visa/MasterCard debit card

*1.5% per transaction for e-Wallets (TNG, GrabPay, Boost and ShopeePay)
2.4% per transaction for Visa/Mastercard credit/debit card

2.4% per transaction or minimum RM 0.60 whichever is higher for FPX online banking

2.4% per transaction or minimum RM 0.80 whichever is higher for Razer Cash at 7-Eleven

1.2% for DuitNow QR
2.8% or RM0.60 per transaction
2.3% or RM0.60 per transaction (whichever 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) RM (MYR) RM (MYR) RM (MYR), US, Euro, Singapore $ and more
Withdrawal Method
Transfer to local bank within 2 business days (T+2) 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

(Require Separate Sign up)

(Require Separate Sign up)
-
Country of origin
Malaysia Malaysia Malaysia Malaysia Malaysia USA
Reliability
High High High High High High
Minimum Amount for Withdrawal
No Minimum withdrawal amount,
Zero withdrawal charge
No Minimum withdrawal amount
(No withdrawal charge)
No Minimum withdrawal amount RM 100 RM 100 See PayPal details here
Bank Transfer and Other Payment Services
Malaysia Online Bank Transfer
Affin Bank, Agro Bank, AmBank, Alliance Bank, Bank Islam, Bank Rakyat, Bank Muamalat, BSN, CIMB, Hong Leong Bank, HSBC, Kuwait Finance House, Maybank, Public Bank, OCBC Bank, RHB, Standard Chartered, UOB, Bank of China

Other Payment Methods
Atome
GrabPay Later Postpaid
GrabPay Later Installment
GrabPay
TNG
Shopeepay
Boost
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

E-wallets
1.5% for Boost Wallet
1.0% for MAE
1.5% for ShopeePay
1.5% for Mcash
1.5% for Touch&Go
1.5% for Grabpay
3.0% for Alipay + (Cross Border Payment)
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 Plans All SiteGiant Plans All SiteGiant Plans All SiteGiant Plans All SiteGiant Plans
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*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

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iPay88, Razer Merchant Services, eGHL, CommercePay 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.

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Terms and Conditions

1. The SiteGiant x Lalamove First Time 10% Top-Up Bonus Campaign (the “Promotion”) is provided by LALAMOVE MALAYSIA SDN BHD (COMPANY NO. 1277201-W) (“Lalamove”) and SiteGiant Sdn Bhd (“SiteGiant”). By participating in the Promotion by registering via this link: https://sitegiant.my/lalamove-integration and/or receiving the Bonus (as defined below), this indicates you understand and agree to be bound by these Terms.

2. You are eligible to participate in the Promotion and become an “Eligible Customer” if all of the following requirements are satisfied:

a. You have enrolled in the Promotion through the dedicated main landing page for the Promotion via this link: https://sitegiant.my/lalamove-integration (“the Form”) during the Promotion Period (as defined below);

b. You have become a registered corporate (prepaid settlement) account holder of Lalamove;

c. You have signed up as a new merchant of SiteGiant and you have been onboarded by SiteGiant following satisfaction of all requirements from SiteGiant during the Promotion Period;

d. You are a company incorporated in Malaysia with a valid business registration certificate; and

e. SiteGiant and Lalamove reserve the right to refuse any Eligible Customers their participation in the Promotion for any reason and without any prior notice.

3. If you are an Eligible Customer, you are eligible to a one-time fixed credit bonus equal to 10% of the amount first topped up, to be credited to your Lalamove corporate e-wallet account (the “Bonus”) if you successfully topped up at least RM 100 during at least one single transaction to your Lalamove corporate account (the “Transaction”).

4. This Promotion commences on 15th July 2022 with the end date to be announced at a later date (the “Promotion Period”).

5. If the Eligible Customer satisfies the Conditions in clause 3 of these Terms, the Bonus will be credited within 30 days immediately following the registration of your Lalamove corporate account.

6. The relevant top-up amounts in the Lalamove account have unlimited validity from the date of the successful top-up. The Bonus is subject to applicable agreements governing your Lalamove corporate account.

7. The relevant top-up amounts are not redeemable for cash or cash-out, for resale and no refund or exchange is permitted (except as required by applicable laws).

8. During the Promotion Period, in case of any fraud or abuse in respect to how the Bonus is awarded, Lalamove reserves the right to debit the Bonus from the Eligible Customer’s Lalamove corporate account without prior notice.

9. The Bonus cannot be earned in conjunction with other offers, packages or promotions as may be launched by Lalamove from time to time, unless specified by Lalamove. The Bonus cannot be transferred to third parties or other accounts, or exchanged for any other gifts, returned or exchanged for other products with respect to Lalamove.

10. SiteGiant and Lalamove reserve the right to amend, and/or vary any of these Terms and any arrangement of this Promotion, limit, suspend, cancel, and/or terminate the Promotion, without notice and without any liability.

11. In addition:

a. General terms and conditions of Lalamove would all apply (https://www.lalamove.com/en-my/terms-and-conditions).

b. Lalamove will process the collected data and personal information in accordance with Lalamove’s privacy policy (https://www.lalamove.com/en-my/privacy-policy).

c. By participating in the Promotion, you expressly consent that any personal information that you provide, may be shared between SiteGiant and Lalamove for purposes of the Promotion and all related administrative actions in connection therewith.

12. These Terms are governed by the law of Malaysia. In case of any dispute, SiteGiant and Lalamove reserve the right of final decision.

13. For any enquiries:

Related to SiteGiant, please contact [email protected]

Related to Lalamove, please contact [email protected]

Terms and Conditions

1. This promotion availability will be based on first come, first served basis.
2. This promotion is not applicable for renewal usage.
3. This promotion is valid for new signups only.
4. Duration of this free subscription offer is 3 + 12* months (*T&C apply).
5. Free 3 months subscription from SiteGiant and 12 months subscription from Government subsidy campaign (subject to availability).
6. SiteGiant reserves the right to change these terms and conditions at any time without prior notice.