Choosing a payment gateway in Malaysia is not a one-size-fits-all decision. Your customers pay across a fragmented stack: FPX online banking, DuitNow QR, Touch ’n Go, GrabPay, ShopeePay, Boost, cards, and Buy Now Pay Later. No single provider covers all of them at a price you will love, so the best payment gateway for you depends on your customers and your margins. This guide ranks the top 10 payment gateways in Malaysia for 2026, compares real fees, and helps you pick.
What is a payment gateway?
A payment gateway is the service that securely takes payment on your website or app, authorises it, and moves the money to your bank. In Malaysia, a good gateway supports the local methods customers actually use (FPX, DuitNow QR, e-wallets, and cards), settles to your account quickly, and charges fees you can live with.
Payment gateway fees in Malaysia: quick comparison
Fees fall into three buckets: a setup or monthly fee (many now charge none), a flat fee per FPX or local transaction, and a percentage fee for cards. FPX is usually a cheap flat fee; cards typically run 2.3% to 3%.
|
Gateway |
Best for |
Local (FPX/QR) fee |
Card fee |
Setup / monthly |
|
HitPay |
SMEs wanting all methods, low barrier |
Competitive flat |
From around 2.9% |
None / None |
|
Fiuu (Razer) |
Deep local method coverage |
Flat FPX |
~2.x to 3% |
Varies |
|
iPay88 |
Established, enterprise |
Flat FPX |
~2.x to 3% |
Setup fee |
|
Billplz |
Lowest-cost FPX for MYR businesses |
From RM0.70 flat |
Add-on |
None on Basic |
|
senangPay |
Simple flat-rate pricing |
Flat |
Flat-rate |
Low |
|
Stripe |
Global cards and developers |
FPX 3% + RM1.00 |
3%+ (intl higher) |
None |
|
eGHL |
Regional, enterprise |
Flat FPX |
~2.x to 3% |
Setup fee |
|
PayPal |
Cross-border and international buyers |
Not local-focused |
~3.9% + fixed |
None |
|
Curlec (Razorpay) |
Recurring and subscription billing |
Flat FPX |
~2.x to 3% |
Varies |
|
ToyyibPay |
Micro-businesses and low-cost FPX |
Very low flat |
Limited |
None |
Fees are indicative 2026 figures and change often. Always confirm current rates and your tier directly with the provider.
The top 10 payment gateways in Malaysia
1. HitPay
Best for: SMEs that want every local method with the lowest barrier to entry.
HitPay is licensed by MAS and registered with Bank Negara Malaysia, and supports 50+ payment methods in Malaysia, including DuitNow QR, FPX, Touch ’n Go, GrabPay, ShopeePay, Boost, and Atome, with no monthly or setup fees and fast MYR payouts. A strong all-round primary gateway for most Malaysian SMEs.
2. Fiuu (formerly Razer Merchant Services)
Best for: Businesses that want deep local coverage from a mature brand.
Fiuu offers FPX, DuitNow QR, e-wallets, and cards with strong local method coverage and a long track record in Malaysia. A dependable primary gateway, especially where breadth of local methods matters.
3. iPay88
Best for: Established and enterprise merchants.
iPay88 is one of Malaysia’s longest-running gateways, widely used by larger merchants and enterprises. It covers FPX, cards, and e-wallets, with the stability and support bigger businesses expect, usually with a setup fee.
4. Billplz
Best for: MYR businesses that want the lowest FPX cost.
Billplz is built around FPX and is one of the cheapest options for local bank transfers, from a flat RM0.70 per transaction on its Standard Plan, with no setup or annual fee on Basic. Ideal for businesses whose customers mostly pay by online banking.
5. senangPay
Best for: Small businesses wanting simple, flat-rate pricing.
senangPay keeps things simple with flat-rate pricing and easy setup, supporting FPX, cards, and e-wallets. A fit for SMEs that want predictable fees without complexity.
6. Stripe
Best for: Global card acceptance and developers.
Stripe is the go-to for card payments and developer-friendly integration, and supports FPX at 3% + RM1.00 per transaction. Note that as of 2026 it does not natively support DuitNow QR or Touch ’n Go for Malaysian merchants, so pair it with a local gateway if you need those.
7. eGHL
Best for: Regional and enterprise merchants.
eGHL is an established regional gateway covering Malaysia and Southeast Asia, with FPX, cards, and e-wallets. A fit for businesses that want a single provider across multiple regional markets.
8. PayPal
Best for: Cross-border and international customers.
PayPal is trusted worldwide and useful if you sell to international buyers, though its fees (around 3.9% plus a fixed amount for cross-border) are higher and it is not built around Malaysian local methods. Best as a secondary option for overseas sales.
9. Curlec (by Razorpay)
Best for: Recurring and subscription billing.
Curlec, now part of Razorpay, specialises in recurring payments and direct debit alongside standard gateway features. A fit for subscription businesses and any merchant that bills customers on a schedule.
10. ToyyibPay
Best for: Micro-businesses and the lowest-cost FPX.
ToyyibPay is a low-cost, FPX-focused gateway popular with small sellers, associations, and micro-businesses, with very low flat fees and no monthly cost. A practical entry point for simple local collections.
How to choose the right payment gateway
- Match the payment methods to your customers. If they pay by FPX and e-wallets, prioritise a gateway strong in those, not just cards.
- Compare the real cost of your mix. A flat FPX fee beats a card percentage for local-heavy businesses; card sellers care more about the percentage.
- Check settlement time. How fast money reaches your account affects cash flow.
- Look at setup and monthly fees. Many good options now charge none.
- Consider integration. Make sure it works with your platform (WooCommerce, Shopify, or custom).
Best payment gateway by business type
- Local SME with FPX and e-wallet customers: HitPay or Fiuu as the primary gateway.
- FPX-heavy business watching every ringgit: Billplz or ToyyibPay.
- Card-first or international seller: Stripe, with PayPal for cross-border.
- Subscription business: Curlec.
- Enterprise or regional merchant: iPay88 or eGHL.
Frequently asked questions
What is the best payment gateway in Malaysia?
There is no single best. For most SMEs, HitPay or Fiuu is a strong primary gateway thanks to broad local method coverage and low fixed fees. FPX-heavy businesses may prefer Billplz or ToyyibPay for cost, and card or international sellers may prefer Stripe.
How much do payment gateways cost in Malaysia?
FPX is usually a low flat fee (often around RM0.70 to RM1.50 per transaction), while cards typically cost 2.3% to 3%. Many gateways now charge no setup or monthly fee.
What payment methods do Malaysian customers use?
FPX online banking, DuitNow QR, Touch ’n Go, GrabPay, ShopeePay, Boost, cards, and Buy Now Pay Later. The right gateway supports the ones your customers actually use.
Which gateway is cheapest for FPX?
Billplz and ToyyibPay are among the cheapest for FPX, with low flat per-transaction fees and no monthly cost, which suits businesses whose customers mainly pay by online banking.
Can I use more than one payment gateway?
Yes, and many businesses do. A common setup is a local gateway for FPX and e-wallets plus Stripe or PayPal for cards and international customers.
The bottom line
The best payment gateway in Malaysia is the one that supports your customers’ preferred methods at a fee that fits your margins. For most SMEs that means HitPay or Fiuu; FPX-heavy businesses lean to Billplz or ToyyibPay; card and international sellers to Stripe and PayPal. Compare the real cost of your payment mix, not just the headline rate, and do not be afraid to run two gateways.
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