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Top 6 Malaysia Online Payment Gateway in 2023

February 23, 2023 in Latest News, Shinjiru All, Shinjiru Tip Sharing by Nadhira ZA

Online businesses, especially in Malaysia, have grown steadily over the years. This is why commercialising your merchandise online is a great step to outsell your brand. If you use eCommerce for your business, it is also important in deciding the best payment gateways for your business growth.

The best merchants for online payments should be safe and easy for everyone to use. Therefore, choosing the finest service provider for you will be made easier if you have a fundamental understanding of payment gateways.

We’re about to dive into the top 6 best Malaysia online payment for businesses to consider.

Features to be Considered in Online Payment Gateway

There are a number of factors to consider while searching for a payment gateway in Malaysia, including:

  • Credibility: The payment gateway needs to be reliable and capable of handling big transaction volumes without any problems.
  • Payment methods: A variety of payment methods, including credit cards, debit cards, and internet banking, should be available through the payment gateway.
  • Safety: The payment gateway needs to be safe and have effective fraud protection.

6 Best Online Payment Gateway in Malaysia 2023

Let’s explore and analyse different Malaysia Online Payment Solution types in 2023.

#1 iPay88

iPay88 is a well-known Malaysian provider of payment gateways. Online merchants often use it to accept payments from customers in Malaysia and other Southeast Asian nations, especially those in the e-commerce sector. The popular payment options in Malaysia supported by iPay88 are credit/debit cards, online banking, and e-wallets. Furthermore, it provides a multilingual platform, making it available to a wide range of customers. Also, iPay88 complies with the guidelines and standards established by the Malaysian Central Bank, giving customers and business owners a sense of security and trust.

#2 PayPal

In Malaysia, PayPal is an accepted payment option for online purchases. E-commerce shops and other companies in Malaysia generally accept it.

Online payments can be made by customers by connecting their PayPal accounts to their bank accounts, debit or credit cards, or both. Additionally, PayPal provides a range of security features, including fraud detection and buyer protection, to guarantee safe and secure transactions.

However, Malaysian PayPal account members can only withdraw money to a local bank account; neither debit cards nor credit cards are permitted in Malaysia. Furthermore, Malaysians who have PayPal accounts are only able to receive payments; they cannot send money outside.

#3 eGHL

Malaysian company eGHL offers payment gateway services. It serves as an option to iPay88 and other well-known payment processors in the nation. A variety of payment options are available through eGHL, including credit/debit cards, internet banking, and e-wallets. Plus, it accommodates numerous languages and currencies, making a wide range of clients able to use it.

Furthermore, eGHL offers merchants tools for managing and tracking their transactions as well as safeguards against fraud. The Payment Card Industry Data Security Standards (PCI DSS) and Malaysia’s Central Bank rules are both recognised by and adhered to by eGHL.

Additionally, eGHL gives businesses a variety of connectivity options, such as API integration, e-commerce platform plug-ins, and a virtual terminal for accepting offline payments. Malaysian and Southeast Asian business owners often choose it, especially those in the e-commerce and travel sectors.

#4 Razer Merchant Services (RMS)

Razer Merchant Services (RMS) is a division of the well-known gaming and lifestyle company Razer Inc. Online and offline payment processing, fraud prevention, and chargeback management services are just a few of the payment options provided by RMS.

RMS offers a user-friendly platform that enables retailers to take payments from customers using credit and debit cards, online banking, and e-wallets. It is specifically made to meet the needs of e-commerce merchants. Additionally capable of supporting many currencies and languages, RMS complies with PCI DSS.

#5 Stripe

Stripe enables businesses in Malaysia to take payments from clients using credit and debit cards as well as other online payment methods. Businesses must first register for an account with Stripe before integrating the payment processing API into their website or application. For the purpose of assisting businesses with the integration process, Stripe offers thorough documentation and support.

#6 Billplz

Billplz is an online payment platform with a Malaysian origin that offers retailers a simple and safe way to accept payments online. It interacts with well-known e-commerce platforms and invoicing systems and offers a number of payment options, including online banking, credit card, and GrabPay. To improve the user experience, Billplz also provides features like recurring payments, payment alerts, and a customisable payment page. Small and medium-sized businesses, event planners, and governmental organisations all favour it in Malaysia.


The “best” online payment gateway in Malaysia can only be determined subjectively because it ultimately depends on personal preferences and needs. Before choosing a platform, it’s important to assess your needs and weigh your options because each one has a unique set of features, costs, and accepted payment methods. For instance, Billplz or iPay88 might be a good option if you’re looking for a cost-effective option with simple integration. PayPal might be a better choice if you require a globally acknowledged and dependable platform.

The ideal online payment gateway for you will ultimately depend on a number of variables, including the payment methods you must accept, your spending limit, the level of security you demand, and the extent of integration with your current systems that you require.

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