Payment Gateway Comparison


Opening Payment Gateway
	SOHO	SME	LITE	PREMIUM	SME	Premier 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 Card
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 Time	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 2-3 Months Online Banking 7-14 Working Days	Credit Card 7-14 Working Days