Payment Gateway Comparison

Comparison Between Payment Gateway

Table of Contents

01

1

Summary of Payment Gateway

02

Comparison Payment Gateway in Details

2

Comparison Payment Gateway in Details

03

3

Buy Now Pay Later

04

4

Other Supported Payment Gateway

Summary of payment gateway

1Free setup fee: boldpay, senangpay, paypal, stripe

2Free annual fee: boldpay (first year annual fee waived) , paypal, stripe

3Low transaction fee: boldpay , ipay88, eghl, razer pay

Comparison Between Each Payment Gateway in Detail

***Click to learn more about each payment gateway in detail.

Aspect	Boldpay	Ipay88	Razer Merchant Services	Eghl	Senangpay	Paypal	Stripe
Setup Fee	Free	RM488 - RM2388	RM400 - RM 499	RM499 - RM5000 (One Off)	Free	Free	Free
Annual Fee	First Year Waived Subsequent Year RM360.00 (Monthly rebate RM30.00 with min transaction RM3888.00)	RM500	First Year Waived (based on package) Subsequent year RM99 - RM499	RM300 - RM800 Subsequent year waived if transaction volume exceeds RM180K per year	RM300 - RM1500	Free	Free
Credit Card / Debit Card Rate	Local & International - 1.88% or RM0.50 whichever higher	1.9% - 2.7%	2.4%	1.7% - 2.4% + RM 0.50 for ticket size < RM40.00 another 1.0% will charge on non MYR card	Local Card: 2.1% - 4.1% or RM0.65 whichever higher Foreign Card：2.5% - 5.9% or RM1.50 whichever higher	Malaysia: 3.9% + 2.00 MYR Overseas: 4.4% + 2.00 MYR More details	3.0% + RM1.00 per successful card charge + 2.0% if currency conversion is required More details
Internet Banking (FPX)	B2C:RM 1.50 B2B:RM 2.80	1.9% - 2.7% or RM0.60 whichever higher	2.4% - 3.8% or RM0.60 whichever higher	1.7% - 2.4% or RM0.60 whichever higher	1.5% -2.0% or RM1.00 whichever higher	N/A	3.0% + RM1.00 per paid transaction **fee exclude sst
E-Wallet	1.5% - 2.0% or RM0.50 whichever higher	1.5% - 1.7%	1.5% - 1.7%	1.0% - 1.5%	1.5%	N/A	2.9% + RM1.00 (Alipay) & 3.0% (GrabPay)
Buy Now Pay Later	Atome MDR 6.0%+ RM1.00 Subject to approval	Grabpay,Mobypay, Atome - 6.0% Additional RM300 setup fee for Mobypay & Atome)	Atome & GrabPay (Subject to approval)	Atome - 5.0%+RM1	Shopback -3x installment 5.5%	N/A	N/A
Installment	One-time subscription fee:RM100 Public Bank， Maybank More Details	Need consult with ipay88 account manager	N/A	Visa Installment (HSBC)	More Details	More Details	N/A
Settlement	T+3 working days	Bi-Weekly basis	Weekly settlement *Monday to Sunday transaction will settle next Thurs	W+4 business days; W being the collected transaction for the entire week.	Twice a week (Wednesday & Friday) More Details	Payment into Paypal Account Instantly.	7 calendar days.
Currencies	RM (MYR)	RM (MYR)	RM (MYR), SGD, PHP, IDR, VND, AUD, THB, DKK, CHF, USD	RM (MYR) （Support Multicurrencies)	RM (MYR), (other currencies via the Stripe Multicurrency package)	RM (MYR), US, Euro, Singapore $ and more	Multicurrencies
Supported Card	Visa, Mastercard	Visa, Mastercard, American Express, UnionPay	Visa, Mastercard	Visa, Mastercard, American Express, UnionPay	Visa, Mastercard	Visa, Mastercard	Visa, Mastercard, China UnionPay
Official Websites	View	View	View	View	View	View	View

***Please reach out to your payment gateway providers or visit their official website for the most recent updates on package as this table is meant solely for reference.

1. Setup Fee

Payment Gateway

Setup Fee

Boldpay

Free

ipay88

RM488 - RM2388

Razer Merchant Services

RM400 - RM 499

EGHL

RM499 - RM5000 (One Off)

Senangpay

Free

paypal

Free

Stripe

Free

2. Annual Fee

Payment Gateway

Annual Fee

Boldpay

First Year Waived.
Subsequent Year RM360.00 (Monthly rebate RM30.00 with min transaction RM3888.00)

ipay88

RM500

Razer Merchant Services

First year waived (based on package)

Subsequent year RM99 - RM499

EGHL

RM300 - RM800
(Subsequent year waived if transaction volume exceeds RM180K per year)

Senangpay

RM300 - RM1500

paypal

Free

Stripe

Free

3. Credit / Debit Card

Payment Gateway

Transaction Charges

Boldpay

Local & International - 1.88% or RM0.50 whichever higher per transaction

ipay88

1.9% - 2.7%

Razer Merchant Services

2.4%

EGHL

1.7% - 2.4% + RM 0.50 for ticket size < RM40.00
another 1.0% will charge on non MYR card

Senangpay

Local Card: 2.1% - 4.1% or RM0.65 whichever higher
Foreign Card：2.5% - 5.9% or RM1.50 whichever higher

paypal

Malaysia 3.9% + 2.00 MYR

Overseas 4.4% + 2.00 MYR
more details

Stripe

3.0% + RM1.00 per successful card charge +2.0% if currency conversion is required
more details

4. Internet Banking (FPX)

Payment Gateway

Transaction Charges

Boldpay

(B2C): RM1.50
(B2B): RM2.80

ipay88

1.9% - 2.7% or RM0.60 whichever higher

Razer Merchant Services

2.4% - 3.8% or RM0.60 whichever higher

EGHL

1.7% - 2.4% or RM0.60 whichever higher

Senangpay

1.5% - 2.0% or RM1.00 whichever higher

paypal

N/A

Stripe

3.0% + RM1.00 per paid transaction
**fee exclude sst

5. E-Wallet

Payment Gateway

Transaction Charges

Boldpay

1.5% - 2.0% or RM0.50 whichever higher

ipay88

1.5% - 1.7%

Razer Merchant Services

1.5% - 1.7%

EGHL

1.0% - 1.5%

Senangpay

1.5%

paypal

N/A

Stripe

2.9% + RM1.00 (Alipay)& 3.0% (GrabPay)

6. Buy Now Pay Later (Subject to approval)

Payment Gateway

Transaction Charges

Boldpay

Atome MDR 6.0%+ RM1.00

ipay88

Grabpay,Mobypay, Atome - 6.0%
Additional RM300 setup fee for Mobypay & Atome)

Razer Merchant Services

Atome & GrabPay

EGHL

Atome - 5.0% + RM1 (Subject to approval)

Senangpay

Shopback -3x installment 5.5%

paypal

N/A

Stripe

N/A

7. Installment

Payment Gateway

Transaction Charges

Boldpay

One-time subscription fee:RM100
Public Bank， Maybank
More Details

ipay88

Need consult with ipay88 account manager

Razer Merchant Services

N/A

EGHL

Visa Installment (HSBC)

Senangpay

More details

paypal

More details

Stripe

N/A

11. Settlement

Payment Gateway

Settlement

Boldpay

T+3 working days

ipay88

Bi-weekly basis

Razer Merchant Services

weekly settlement
*Monday to Sunday transaction will settle next Thurs

EGHL

W+4 business days;
W being the collected transaction for the entire week.

Senangpay

Twice a week (Wednesday & Friday)
More details

paypal

Payment into PayPal Account Instantly.

Stripe

7 calendar days

8. Supported Currency

Payment Gateway

Currency

Boldpay

RM (MYR)

ipay88

RM (MYR)

Razer Merchant Services

RM (MYR), SGD, PHP, IDR, VND, AUD, THB, DKK, CHF, USD

EGHL

RM (MYR) （Support Multicurrencies)

Senangpay

RM (MYR), (other currencies via the Stripe Multicurrency package)

paypal

RM (MYR), US, Euro, Singapore $ and more

Stripe

Multicurrency

9. Supported Card

Payment Gateway

Supported Card

Boldpay

Visa, Mastercard

ipay88

Visa, Mastercard, American Express, UnionPay

Razer Merchant Services

Visa, Mastercard

EGHL

Visa, Mastercard, American Express, Union Pay

Senangpay

Visa, Mastercard

paypal

Visa, Mastercard

Stripe

Visa, Mastercard, China UnionPay

Buy Now Pay Later

Atome	Atome is a 'buy now, pay later' mobile app that splits a buyer's bill into three equal payments over three months. The merchant will receive the full payment for the entire purchase made by the client three working days after the transaction.
MDR (Transaction fee)	5% - 6% + RM 1 Fixed Fee
Cards acceptance	All Banks + Visa/Master/Diners/UnionPay/ApplePay
Credit Limit	Debit RM1500 / Credit RM5000
Credit Tenure	3 Months
Payment cadence	T+3 Working Days
Industries	Accept Fashion, Beauty, F&B, Home & Living categories, otherwise are subjected to get approval from Atome.
More Details	Please visit https://www.atome.my/en-my

Other Support Payment Gateway Support

Disclaimer: Kindly note that the payment gateway comparison table provided above is intended for reference purposes only, as the information contained therein may be subject to change after the date of publication. We recommend that you verify the information directly with the payment gateway providers by either visiting their website or contacting them directly. The copyrights and trademarks of the companies and products mentioned belong to their respective owners.