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	Fiuu (Formerly Razer Merchant Services)	Eghl	Senangpay	Paypal	Stripe
Setup Fee	Free	RM488 - RM2388	RM400 - RM 499	RM699 - 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 - RM600	RM300 - RM1500	Free	Free
Credit Card / Debit Card Rate	Local & International - 1.88% or RM0.50 whichever higher	1.9% - 2.7%	2.4%	Local: 1.4% - 2.4% + RM 0.50 for ticket size < RM40.00 Foreign：3.0% - 3.4% + RM 0.50 for ticket size < RM40.00	Local Card: 1.8% - 2.5% or RM0.65 whichever higher Foreign Card：2.5% - 2.7% or RM0.65 whichever higher	Malaysia: 3.9% + 2.00 MYR Overseas: 4.4% + 2.00 MYR More details	3.0% + RM1.00 per successful charge for domestic card + 1% for international cards + 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	1.6% - 2.4% or RM0.60 whichever higher or Fixed rate of RM1.50 per transaction	1.5% 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%-1.6%	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)	Grabpostpaid & Grab Prepaid - 6.0% Atome - 5.0%+RM1	PayLater by Grab - 6.0%-6.5% Atome - 5.5%	N/A	N/A
Installment	One-time subscription fee:RM100 Public Bank， Maybank More Details	Need consult with ipay88 account manager	Hong leong bank, OCBC bank, Affin bank, RHB bank, HSBC bank, Standard chartered , Ambank (Visa only) Subject to bank approval	HSBC, Standard Chartered & Ambank Visa Installment More Details	Recurring Payment Installment 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)	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

Fiuu (Formerly Razer Merchant Services)

RM400 - RM 499

EGHL

RM699 - 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

Fiuu (Formerly Razer Merchant Services)

First year waived (based on package)

Subsequent year RM99 - RM499

EGHL

RM300 - RM600

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%

Fiuu (Formerly Razer Merchant Services)

2.4%

EGHL

Local: 1.4% - 2.4% + RM 0.50 for ticket size < RM40.00
Foreign：3.0% - 3.4% + RM 0.50 for ticket size < RM40.00

Senangpay

Local Card: 1.8% - 2.5% or RM0.65 whichever higher
Foreign Card：2.5% - 2.7% or RM0.65 whichever higher

paypal

Malaysia 3.9% + 2.00 MYR

Overseas 4.4% + 2.00 MYR
more details

Stripe

3.0% + RM1.00 per successful charge for domestic card + 1% for international cards + 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

Fiuu (Formerly Razer Merchant Services)

2.4% - 3.8% or RM0.60 whichever higher

EGHL

1.6% - 2.4% or RM0.60 whichever higher or Fixed rate of RM1.50 per transaction

Senangpay

1.5% 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%

Fiuu (Formerly Razer Merchant Services)

1.5% - 1.7%

EGHL

1.0% - 1.5%

Senangpay

1.5% - 1.6%

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)

Fiuu (Formerly Razer Merchant Services)

Atome & GrabPay

EGHL

Grabpostpaid & Grab Prepaid - 6.0%
Atome - 5.0% + RM1 (Subject to approval)

Senangpay

PayLater by Grab - 6.0%- 6.5%
Atome - 5.5% (Subject to approval)

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

Fiuu (Formerly Razer Merchant Services)

Hong leong bank, OCBC bank, Affin bank, RHB bank, HSBC bank, Standard chartered , Ambank (Visa only) Subject to bank approval

EGHL

HSBC, Standard Chartered & Ambank Visa Installment

Senangpay

Recurring Payment
More details

paypal

More details

Stripe

N/A

8. Settlement

Payment Gateway

Settlement

Boldpay

T+3 working days

ipay88

Bi-weekly basis

Fiuu (Formerly 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

9. Supported Currency

Payment Gateway

Currency

Boldpay

RM (MYR)

ipay88

RM (MYR)

Fiuu (Formerly Razer Merchant Services)

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

EGHL

RM (MYR) （Support Multicurrencies)

Senangpay

RM (MYR)

paypal

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

Stripe

Multicurrency

10. Supported Card

Payment Gateway

Supported Card

Boldpay

Visa, Mastercard

ipay88

Visa, Mastercard, American Express, UnionPay

Fiuu (Formerly 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.
Eligibility	Only the platinum package (with eCommerce feature) is eligible for Atome integration. If you have the standard package, we recommend upgrading to the platinum package.
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.