Online transaction service may be the most widely used in Malaysia, but that doesn’t mean it has no flaws. It is a MUST in every e-commerce website or online store. Sometimes its fee can be quite hefty as well, especially for the international transactions.

Whether you can’t use the service or don’t want to use it, there are many reliable alternatives to online payment gateways for making online transactions. Below I have evaluated and compared Malaysia’s most popular online payment gateway in detail that makes online money transfer easier.

1) MOLPay

MOLPay
Package: MOLPay Start-Ups
Setup Fee: RM 499
Annual Fee: RM 99 Subsequent years: RM 99
Transaction Fee: 3.8% per transaction or minimum RM 0.60 whichever is higher* for online banking (e-debit) and MOLPay’s 7-11 cash channel
Supported Currencies: RM (MYR)
Supported Cards: –
Malaysia Online Bank Transfer: Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

2) e-GHL

eGHL Payment Gateway
Package: e-GHL Starter Package
Setup Fee: RM 399
(*Waived RM 900 processing fee imposed by bank for credit card gateway) *Note: Consumable goods, supplement, healthcare Business is NOT Eligible for waived.
Annual Fee: First year: NIL Subsequent years: RM 399
Transaction Fee: 2.8% for Visa, MasterCard transaction Direct Debit charge
– FPX, Maybank2u, RHB Click and Affin Online *2.8% or *RM0.70 (Whichever Higher)
– CIMB Clicks *2.8% or *RM0.95 (Whichever higher)
Supported Currencies: RM (MYR)
Supported Cards: Visa / Master Card
Malaysia Online Bank Transfer: Cimb, Maybank, RHB, PublicBank, HongLeong, Bank Islam, AffinBank,FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

3) iPay88

iPay88 Payment Gateway
Package: Start-Up Plan
Setup Fee: RM 488 Free
Annual Fee: No annual fee
Transaction Fee: 3.2% per transaction for credit card (Paypal) 3.5% 3.0% per transaction or minimum RM 0.60 whichever is higher* for online banking (e-debit) and Mobile Money
Supported Currencies: RM (MYR)
Supported Cards: Visa / Master Card
Malaysia Online Bank Transfer: Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

4) Paypal

Paypal Payment Gateway
Package: Premier, Business
Setup Fee: No setup fee
Annual Fee: No annual fee
Transaction Fee: Malaysia 3.9% + 2.00 MYR | Overseas 4.4% + 2.00 MYR
Supported Currencies: RM (MYR), US, Euro, Singapore $ and more
Supported Cards: Visa / Master Card
Malaysia Online Bank Transfer: N/A