Payment Gateway Comparison

Opening Payment Gatewayipay88ipay88molpaymolpayeghlpaypal
SOHOSMELITEPREMIUMSMEPremier or Business
Setup Fees RM488 + RM900 (One time processing fees imposed by the bank for credit card gateway) RM488 + RM900 (One time processing fees imposed by the bank for credit card gateway) RM499 + RM900 (One time processing fees imposed by the bank for credit card gateway) RM400 + RM900 (One time processing fees imposed by the bank for credit card gateway) RM399 No Setup Fees
Annual Fees No Annual Fees RM500 RM99 (1st year will be waived. Subsequent year will be waived if minimum requirement is met) RM499 RM399 (1st year will be waived. Subsequent year will be waived if minimum requirement is met) No Annual Fees
Transaction Fees (Fees deducted per transaction) Credit Card
4% (Visa, Mastercard)

Online Banking
4% or minimum RM0.6 which ever is higher

MEPS/Web Cash
4%
Credit Card
3% (Visa, Mastercard)

Online Banking
3% or minimum RM0.6 which ever is higher

MEPS/Web Cash
2%
Credit Card
3.8% (Visa, Mastercard)

Online Banking
3.8% or minimum RM0.6 which ever is higher

MEPS/Web Cash
3.8%
Credit Card
3% (Visa, Mastercard)

Online Banking
3% or minimum RM0.6 which ever is higher

MEPS/Web Cash
3%
Credit Card
2.8% (Visa, Mastercard)

Online Banking
RM1.5 (FPX, RHB Now, CIMB Clicks, Affin Online)
Malaysia
3.9% + RM2.00

Overseas
4.4% + RM2.00
Accepted Currency MYR only MYR only MYR only MYR only MYR only MYR, USD, SGD, TWD, EUR and etc
Business Requirement Required Business Registration Details Required Business Registration Details Required Business Registration Details Required Business Registration Details Required Business Registration Details -
Types of Credit Cardcred1cred1cred1cred1cred1
Online Banking • Alliance Online
• Am Online
• CIMB Clicks
• EON Online
• Hong Leong Online
• Maybank2U
• RHB Online
FPX (Maybank2U, HL Online, RHB Onlinw, Bank Islam, PbeBank, CIMB Clicks)
• Alliance Online
• Am Online
• CIMB Clicks
• EON Online
• Hong Leong Online
• Maybank2U
• RHB Online
FPX (Maybank2U, HL Online, RHB Onlinw, Bank Islam, PbeBank, CIMB Clicks)
• Alliance Online
• Am Online
• CIMB Clicks
• EON Online
• Hong Leong Online
• Maybank2U
• RHB Online
FPX (Maybank2U, HL Online, RHB Onlinw, Bank Islam, PbeBank, CIMB Clicks)
• Alliance Online
• Am Online
• CIMB Clicks
• EON Online
• Hong Leong Online
• Maybank2U
• RHB Online
FPX (Maybank2U, HL Online, RHB Onlinw, Bank Islam, PbeBank, CIMB Clicks)
• Cimb
• Maybank
• RHB
• Public Bank
• Hong Leong
• Bank Islam
• Affin Bank
FPX (Maybank2U, HL Online, RHB Onlinw, Bank Islam, PbeBank, CIMB Clicks)
• None
Receive Payment Weekly Transfer to Bank Account Weekly Transfer to Bank Account Weekly Transfer to Bank Account Weekly Transfer to Bank Account Weekly Transfer to Bank Account Direct Withdrawal to Local Bank
Application Approval TimeCredit Card
2-3 Months

Online Banking
7-14 Working Days
Credit Card
2-3 Months

Online Banking
7-14 Working Days
Credit Card
2-3 Months

Online Banking
7-14 Working Days
Credit Card
2-3 Months

Online Banking
7-14 Working Days
Credit Card
2-3 Months

Online Banking
7-14 Working Days
Credit Card
7-14 Working Days

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