Payment Gateways in Malaysia: iPay88, Billplz, eGHL & Stripe Compared
If you run an online business in Malaysia, a payment gateway is the piece that lets you actually collect money — connecting your website or app to FPX online banking, cards, and e-wallets. Pick the wrong one and you overpay on fees or drown in setup costs. Here’s how the main players stack up.
Fee note: rates below are indicative, based on publicly listed 2025 information, and change frequently. Always get a live quote for your transaction volume before committing.
iPay88 — the established all-rounder
One of Malaysia’s most recognised gateways, iPay88 supports FPX, credit/debit cards, and local e-wallets.
- Setup: roughly RM488–RM1,000+ for SME plans (higher for enterprise).
- Annual fee: around RM500/year, often waived from year two or with sufficient sales volume.
- Transaction fees (SME): cards ~2.7%–3.2%; FPX ~2.7%–3.2% (min ~RM0.60); e-wallets around 1.5%.
- Payouts: typically weekly.
- Note: iPay88 and eGHL are being consolidated under the rebranded ADAPTIS suite by NTT DATA Payment Services.
Best for: established SMEs and larger merchants wanting broad coverage and a well-known brand.
Billplz — the lean, FPX-first option
Billplz is popular with small businesses, non-profits, and anyone who wants simple, transparent, MYR-based collection and invoicing.
- Setup: free Basic plan.
- Annual fee: RM0 (Basic); RM999/year (Standard); custom (Enterprise).
- Transaction fees: FPX around RM1.25 flat per transaction on Basic (lower on Standard); DuitNow Transfer similar. Card/e-wallet available as add-ons via partners.
- Payouts: FPX generally next business day.
Best for: small merchants, NGOs, and FPX-heavy businesses that want low fixed costs and flat per-transaction pricing rather than percentages.
eGHL — the localised, secure choice
Part of GHL Systems, eGHL is known for security (PCI DSS Level 1) and a localised approach, supporting FPX, major cards, and e-wallets, with multi-currency and cross-border support.
- Setup: varies widely by package (roughly RM399–RM5,000, sometimes waived on promo).
- Annual fee: plans from around RM25/month, often waived above a monthly/annual sales threshold.
- Transaction fees: card ~2.0%–2.5% depending on plan; online banking ~1.5%–2.5% (min ~RM0.50).
- Note: also being folded into the ADAPTIS brand alongside iPay88.
Best for: merchants wanting strong security credentials and multi-currency/cross-border reach.
Stripe — the developer-first global platform
Stripe is the go-to for developers and businesses that want powerful APIs and fully custom checkout flows. It supports cards, digital wallets (including GrabPay in Malaysia), and FPX.
- Setup / monthly: none — pure pay-per-transaction.
- Transaction fees: domestic cards around 3% + RM1.00; FPX similar; international cards add ~1%–1.5%, plus ~2% if currency conversion is needed.
- Strength: best-in-class developer tools, integrations, and customisation.
Best for: tech-forward businesses, SaaS, marketplaces, and anyone selling internationally who values API flexibility over the lowest local FPX rate.
Quick decision guide
- Lowest fixed cost, FPX-focused, MYR-only? → Billplz
- Broad coverage, established SME/enterprise? → iPay88
- Security + multi-currency/cross-border? → eGHL
- Custom checkout, APIs, international sales? → Stripe
The bigger picture
Malaysia’s gateway market is consolidating — the ADAPTIS rebrand pulling iPay88 and eGHL under NTT DATA is a sign the space is maturing. Meanwhile, DuitNow QR and FPX keep pushing per-transaction costs down and interoperability up. For merchants, the smart move is to match the gateway to how your customers actually pay — and to revisit the numbers as your volume grows.
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