Malaysia eCommerce is booming and is expected to reach RM67 billion by year 2028! And having a eCommerce website is almost a must for most retail business. In this blog, we will explore the top 10 Malaysia payment gateway for WooCommerce.
List of WooCommerce Payment Gateway Malaysia
| Payment Gateway | Transaction Fee | Setup Fee & Annual Fee |
| Ipay88 | 2.3% – 3% | RM488 – Custom |
| SenangPay | 2.5% – Custom | RM199 – Custom |
| Billplz | 1.8% – 2.8% | RM0 – Custom |
| ToyyibPay | 1.5% – 2.35% | RM100 |
| eGHL | 2.3% – 3% | RM499 – Custom |
| Fiuu Payment | 2.4% – 3% | RM499 |
| ChipIn Asia | 2.0% – 3% | N/A |
| 2c2p | 2.5% – 3% | N/A |
| Paypal | 3.9% + RM2 | N/A |
| Stripe | 3% + RM1.00 | N/A |
Why Choosing the Right Payment Gateway Matters?
Think of your Malaysia payment gateway as the bridge between your WooCommerce store and your customer’s wallet. A clunky, unreliable, or unfamiliar gateway can lead to frustration and lost sales. Malaysian customers have specific preferences, and catering to those preferences is key. A good payment gateway offers:
- Familiar Payment Methods: Malaysians rely heavily on online banking (FPX), credit/debit cards, and e-wallets. Your gateway needs to support these.
- Security: Customers need to trust that their financial information is safe. Robust security is non-negotiable.
- Seamless Integration: A smooth integration with WooCommerce makes setup and management a breeze.
- Competitive Fees: Transaction fees can eat into your profits. Compare rates carefully.
- Reliable Support: When issues arise, you need a responsive support team to help you.
iPay88
iPay88: A dominant player in Southeast Asia, iPay88 offers a comprehensive suite of payment options, including FPX, credit/debit cards, and popular e-wallets. Its strong local presence makes it a popular choice.
SenangPay
SenangPay: Known for its user-friendly interface and ease of integration, SenangPay supports major Malaysian banks and credit/debit cards.
Billplz
Billplz: Catering to businesses of all sizes, Billplz supports online banking, credit cards, and even cash payments through physical channels, offering flexibility for both you and your customers.
ToyyibPay
ToyyibPay: Beyond standard payment options, ToyyibPay also provides tools for managing subscriptions and invoices, which is great for recurring revenue businesses.
eGHL
eGHL: A regional player, eGHL supports multiple currencies and payment methods, making it ideal if you’re targeting both local and international customers.
Fiuu Payment
Fiuu: Fiuu emphasizes a seamless and secure checkout experience, focusing on optimizing the user journey.
ChipIn
Chip-In: If your business model involves social commerce or crowdfunding, Chip-In is a great option for accepting payments for events, projects, and similar initiatives.
2c2p
2C2P: is a leading Southeast Asian payment solutions provider offering a comprehensive suite of payment services, including cards, online banking, and e-wallets, enabling businesses to accept payments seamlessly across multiple channels.
Paypal
PayPal: A globally recognized and trusted name, PayPal offers buyer protection and is a familiar option for many Malaysian online shoppers.
Stripe
Stripe: While not Malaysian, Stripe’s growing popularity in the region is undeniable. Its developer-friendly API and wide range of supported payment methods, including Apple Pay and Google Pay, make it a strong contender.
How To Choose The Right WooCommerce Payment Gateway Malaysia?
Don’t just pick a gateway at random. Consider these factors:
- Target Audience: What payment methods do your customers prefer? Research and understand their habits.
- Transaction Volume: Higher transaction volumes might qualify you for better rates.
- Integration Ease: How easily does the gateway integrate with your WooCommerce store? A dedicated WordPress plugin is ideal.
- Pricing Structure: Carefully analyze transaction fees, setup fees, and any recurring costs.
- Security Measures: Ensure the gateway is PCI DSS compliant and has robust fraud prevention in place.
- Customer Support: Reliable and accessible customer support is essential.
Choosing the right payment gateway is a critical decision for any Malaysia’s WooCommerce store. By carefully considering your needs and researching the available options, you can create a seamless and secure checkout experience that boosts conversions and drives your business growth. Geeks Working (M) Sdn Bhd is a Malaysia software house with 100% local talents, if you need help to in any WooCommerce development or integration, give us a call 🙂