![]() Need some inspiration? Check out the four e-commerce platforms with the best payment gateways in Malaysia. So, Stripe or PayPal - which is better? What about iPay88 vs RMS? Choosing between different gateway payment providers can be challenging. Payment gateway comparison: iPay88 vs Stripe vs Paypal vs Razer vs eGHL Works with popular Malaysian shopping apps like Shopee and Lazada.Can handle a large number of transactions.Impressively, it can manage high sales volume, even during high-traffic events like the renowned Single's Day - 11.11. It's a resilient payment gateway capable of handling many transactions concurrently. RMS also supports popular shopping applications such as Shopee, Lazada, and Taobao. Buyers do not need to exit the seller's site to complete payment, as it can be done in-page. ![]() One of the notable advantages of RMS is its seamless system. Razer Merchant Services (RMS), formerly MOLPay, stands out due to its extensive global reach among merchants and consumers. Seamless integration with e-commerce platforms.Payment acceptance is restricted to PayPal, credit cards, and debit cards.ĮGHL Systems Berhad (eGHL) offers secure and user-friendly online payment solutions for internet businesses across Malaysia and other Southeast Asian countries, incorporating card and non-card payment options.No penalties for no sales as businesses pay only when they sell.Business owners only need a PayPal account to process payments on their e-commerce websites. Lack of complementary integrations with accounting and business softwareīesides Stripe Payments, PayPal also ranks among the most well-known and easily identifiable payment gateway providers in Malaysia and worldwide.Coding needed for customisation or installation of specific payment options.Compared to iPay88, Stripe is an excellent choice if your business caters to an international clientele due to its acceptance of over 130 currencies. Stripe Payments is one of the most extensively adopted payment gateways globally. Has annual fees for small and medium-sized enterprises (SMEs).Straightforward integration through mobile apps, POS integration, and terminal support.However, businesses must keep in mind the charges that come with leveraging this service. It's an optimal choice for enterprises seeking a dependable payment gateway packed with abundant features. IPay88 is a premier provider of online payment gateway services in Malaysia, with a mix of local and global payment alternatives. So, what are the most popular and best payment gateway providers in Malaysia? 1. Integration capability: The payment gateway should seamlessly integrate with your existing e-commerce platform or shopping cart system.Ĭomparison List: Online payment gateway in Malaysia.Currency support: The payment gateway also needs to support key currencies by your customers outside of Malaysia, like the US Dollar and British Pound Sterling.Variety of payment options: The gateway should offer a broad range of payment methods, encompassing credit cards, debit cards, and online banking facilities.Settlement time: It's also essential for businesses to understand the settlement time of their chosen payment gateway to manage their cash flow effectively.Pricing and other fees: The payment gateway should offer transparent pricing and disclose any additional charges that might be applicable.Security: It is also vital for the payment gateway to prioritise safety and possess robust fraud prevention measures.Trustworthiness: The payment gateway should be dependable and competent enough to manage large volumes of transactions without any issues.Here are several critical considerations to keep in mind when searching for an online payment gateway: With so many payment gateway choices available in Malaysia, how do you choose the right one for your business? Each has its unique features and benefits that cater to different types of businesses. In Malaysia, several payment gateway options are available, including iPay88, PayPal and eGHL. How to compare online payment gateways in Malaysia Offering varied payment options eases the buying journey for customers and helps mitigate cart abandonment, a common challenge in the e-commerce industry. To seize these opportunities and excel in the thriving e-commerce market, it's imperative for Malaysian businesses to have a robust e-commerce website that offers an online payment gateway that is reliable and secure. This offers many exciting opportunities for business owners in Malaysia to tap into. The global e-commerce market is anticipated to experience over 56% growth and hit an approximate valuation of US$8.1 trillion by 2026, according to Statista.
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