Top 10 Payment Gateways in Malaysia (2026)

Quick answer: There is no single best payment gateway in Malaysia; the best one depends on how your customers pay. For the lowest FPX (online banking) fees and fastest payouts, Billplz leads. For all-in-one SME simplicity with DuitNow QR, HitPay. For enterprise reliability and reporting, iPay88 or eGHL. For global card sales, Stripe. This guide compares the top 10 on fees, settlement times, payment methods, and best use, so you can match a gateway to your business.

What is a payment gateway?

A payment gateway is the service that lets your website accept payments. It securely connects your store to the banking system, takes the customer’s card, FPX, or e-wallet payment, checks and authorises it, and moves the money to your account. In Malaysia, the right gateway needs strong local coverage: FPX (online banking), DuitNow QR, and e-wallets like GrabPay, Boost, and Touch ’n Go, not just cards.

Payment gateway fees in Malaysia: quick comparison

Gateway	FPX / local	Card fee	Settlement	Monthly	Best for
Billplz	From ~RM0.70 flat (1-2%)	Add-on	T+1 (fastest)	None (Basic)	Cheapest FPX, cash flow
HitPay	Competitive flat	~2.9%	~T+2	None	SMEs, DuitNow QR, all methods
iPay88	Flat FPX (~1.5-3%)	~2.x-3%	~T+2-3	Setup fee	Enterprise, reporting, e-wallets
eGHL	Flat FPX	~2.x-3%	~T+2-3	Setup fee	Ecommerce, regional
Fiuu (Razer)	Flat FPX	~2.x-3%	~T+2	Varies	Broad local coverage
senangPay	Flat	Flat-rate	~T+2	Low	Simple flat-rate pricing
Curlec (Razorpay)	Flat FPX	~2.x-3%	~T+2	Varies	Subscriptions, recurring
Stripe	No native FPX/DuitNow QR	3% + RM1.00	~T+2-7	None	Global cards, developers
PayPal	Not local-focused	~3.9% + fixed	Varies	None	Cross-border sales
ToyyibPay	Very low flat	Limited	~T+2	None	Micro-businesses, low volume

Fees and settlement are 2026 estimates and change by plan and volume; confirm current rates with each provider.

The best payment gateway by need (verdict)

• Best overall for Malaysian SMEs: HitPay, all methods including DuitNow QR, zero monthly fee.
• Cheapest for online banking (FPX): Billplz, lowest flat FPX rate and T+1 payout.
• Best for enterprise and reporting: iPay88 or eGHL.
• Best for global card sales: Stripe (but note the DuitNow QR gap below).
• Best for subscriptions: Curlec (Razorpay).
• Best for micro or occasional sellers: ToyyibPay.

The top 10 payment gateways in Malaysia

1. Billplz

The go-to for FPX-heavy Malaysian businesses. Widely regarded as one of the most affordable and developer-friendly gateways, with some of the lowest flat FPX fees (from around RM0.70) and T+1 settlement, the fastest for cash flow. Card payments are an add-on. Best if most customers pay by online banking.

2. HitPay

An all-in-one favourite for SMEs. Supports FPX, DuitNow QR, and major cards with zero monthly fees, so you can accept almost any local method from day one. Simple to set up and a strong fit for growing online stores.

3. iPay88

One of Malaysia’s most established enterprise gateways. Reliable, with comprehensive reporting and broad support for cards, online banking, and e-wallets like Boost and GrabPay. Usually has a setup fee, and suits larger or higher-volume merchants.

4. eGHL

A widely used gateway built for ecommerce, with a broad range of payment options (cards, online banking, e-wallets) and regional coverage. A solid enterprise and mid-market choice alongside iPay88.

5. Fiuu (formerly Razer Merchant Services)

Strong, broad local coverage across FPX, cards, and e-wallets. A dependable all-rounder for Malaysian ecommerce, with pricing that varies by plan.

6. senangPay

Known for simple, flat-rate pricing that is easy to understand, with low entry cost. A good pick for smaller businesses that want predictability without complex fee tables.

7. Curlec (by Razorpay)

Best for subscriptions and recurring payments. Supports FPX and cards with recurring billing, useful for membership, SaaS, and any business that bills customers on a schedule.

8. Stripe

The best choice for global card payments and developers, with clean APIs and easy international acceptance. But note two local gaps: Stripe’s rate (3% + RM1.00) is higher than local FPX gateways, and it does not support DuitNow QR or local e-wallets out of the box. Great for cross-border, less ideal if most customers pay locally.

9. PayPal

Best for cross-border sales and buyers who trust the PayPal brand. Fees (around 3.9% plus a fixed amount) are high for local use, so most Malaysian stores use it as a secondary option for international customers, not their main gateway.

10. ToyyibPay

A very low-cost, FPX-focused option for micro-businesses, freelancers, and occasional sellers. Minimal fees and no monthly cost, with a simpler feature set. Ideal for low volume.

How to choose the right payment gateway

1. Match your customers’ payment methods. If most pay by FPX, prioritise a cheap FPX gateway (Billplz). If they use e-wallets and DuitNow QR, pick one that supports them natively (HitPay, iPay88).
2. Compare true fees. Look at FPX, card, and any setup or monthly costs together, not just the headline rate.
3. Check settlement time. Faster payouts (T+1) help cash flow.
4. Consider chargebacks and refunds. Ask about refund and chargeback handling and any fees.
5. Integration. Make sure it works with your platform (Shopify, WooCommerce, or custom).
6. Security. Choose a Bank Negara / MAS-recognised, PCI-DSS-compliant provider.

Best payment gateway by business type

• Small local store: HitPay or Billplz.
• Enterprise / high volume: iPay88 or eGHL.
• Subscription business: Curlec.
• Global / cross-border: Stripe (plus PayPal as a secondary option).
• Freelancer / micro-business: ToyyibPay or senangPay.

Frequently asked questions

Which is the best payment gateway in Malaysia?

It depends on how your customers pay. HitPay is the best all-round SME choice; Billplz is cheapest for FPX with the fastest payout; iPay88 and eGHL suit enterprise; Stripe is best for global cards.

What is the cheapest payment gateway in Malaysia?

For FPX (online banking), Billplz usually has the lowest flat fees (from around RM0.70) and no monthly cost on its basic plan. ToyyibPay is also very low cost for micro-businesses.

Which payment gateway is best for FPX and DuitNow QR?

Billplz is best for cheap FPX; HitPay and iPay88 support DuitNow QR and local e-wallets natively. Stripe does not support DuitNow QR out of the box.

How fast do payment gateways pay out in Malaysia?

It varies. Billplz settles FPX at T+1 (fastest); most others are around T+2 to T+3. International gateways can take longer.

Do I need a business to use a payment gateway?

Most gateways prefer a registered business (SSM), though some (like ToyyibPay) are accessible to individuals and small sellers. Check each provider’s onboarding requirements.

Can I use more than one gateway?

Yes. Many stores offer a local gateway (for FPX and e-wallets) plus Stripe or PayPal for international cards, to cover every customer.

The bottom line

The best payment gateway in Malaysia is the one that matches how your customers actually pay. For most local SMEs, HitPay or Billplz cover FPX, DuitNow QR, and cards affordably. Enterprises lean to iPay88 or eGHL, and cross-border sellers add Stripe or PayPal. Compare the full fee picture and settlement time, not just the headline rate, and pick for your customers, not the brand name.

Setting up or fixing payments on your store? Talk to MediaPlus Digital about ecommerce development, and claim a free RM300 consultation.