Having at least one Shopify payment gateway Malaysia is a must for every merchant that is doing their online business in Malaysia. As a Shopify partner, we understand the importance of choosing the right payment gateway provider. Here’s a breakdown of some popular options and their key features:
List Of Shopify Payment Gateway Malaysia
| Payment Gateway | Transaction Fee | Setup Fee & Annual Fee |
| Ipay88 | ||
| Paypal | ||
| eGHL | ||
| Atome | ||
| Billplz | ||
| Fiuu Payment | ||
| Hit Pay | ||
| 2c2p |
iPay88
Supported Payment Types
- FPX
- Visa
- Mastercard
- Touch ‘n Go
- Boost
Key Features
- Strong Local Presence: A leading payment gateway in Malaysia with a strong local focus.
- Wide Range of Payment Options: Supports various local and international payment methods.
- Advanced Security Features: Robust fraud prevention and security measures.
Pros
- Well-established and trusted in the Malaysian market.
- Offers competitive pricing for Malaysian businesses.
Cons
- Involve setup, annual, and transaction fees.
PayPal
Supported Payment Types
- PayPal Account
- Credit Card
- Debit Card
Key Features
- Global Reach: Widely recognized and used worldwide.
- Easy Setup: Quick and easy integration with Shopify.
- Buyer Protection: Offers buyer protection for purchases, building customer trust.
Pros
- User-friendly and easy to set up.
- Global reach and high brand recognition.
- Offers both free and premium accounts.
Cons
- Can have higher transaction fees compared to some other options.
- Limited local payment options in Malaysia.
eGHL
Supported Payment Types
- Credit Card
- Debit Card
- eWallet
- FPX
Key Features
- Regulated by Bank Negara Malaysia: Ensures compliance with local regulations.
- Wide Range of Payment Options: Supports various payment methods, including credit cards, debit cards, and e-wallets.
Pros
- Reliable and secure payment gateway with a strong local presence.
Cons
- Additional setup fee, annual fee and transaction fee
Atome
Supported Payment Types
- Buy Now, Pay Later (BNPL) service
Key Features
- Attracts customers with flexible payment options.
- Can increase conversion rates.
Pros
- Can increase sales by offering flexible payment options to customers.
Cons
- May increase the risk of late payments and potential losses for the merchant.
Billplz
Supported Payment Types
- Credit Card
- Debit Cards
- FPX
- Touch ‘n Go
- GrabPay
Key Features
- Focus on the Malaysian market.
- Easy to integrate with Shopify.
- Competitive pricing for Malaysian businesses.
Pros
- User-friendly and easy to set up.
- Supports popular local payment methods.
Cons
- May have limited features compared to some other providers.
Fiuu Payment
Supported Payment Types
- Credit Card
- Debit Cards
- FPX
- eWallet
Key Features
- Focus on providing a seamless payment experience for customers.
- Competitive pricing and transparent fee structure.
Pros
- User-friendly interface and easy to navigate.
- Offers competitive pricing for Malaysian businesses.
Cons
- May be a relatively newer player in the market compared to some established providers.
HitPay
Supported Payment Types
- Credit Card
- Debit Cards
- FPX
- eWallet
Key Features
- Free Shopify Plugin: Easy integration with no upfront or subscription fees.
- Competitive Transaction Fees: Charges are per transaction, making it cost-effective for low-volume businesses.
- Wide Range of Payment Options: Supports popular local and international payment methods.
Pros
- Affordable for startups and small businesses.
- User-friendly and easy to set up.
- Strong focus on the Malaysian market.
Cons
Limited reporting and analytics compared to some other providers.
2c2p
Supported Payment Types
- Credit/Debit Cards (Visa, Mastercard, American Express)
- Online Banking (FPX)
- e-wallets (Touch ‘n Go eWallet, GrabPay, Boost)
- Buy Now Pay Later (BNPL)
Key Features
- Extensive Payment Network: Supports a wide range of payment methods across Southeast Asia.
- Cross-border Payments: Facilitates seamless international transactions.
- Advanced Fraud Prevention: Robust security measures to protect against fraudulent transactions.
Pros
- Strong regional presence in Southeast Asia, particularly in Malaysia.
- Offers a wide range of payment options to cater to diverse customer preferences.
- Advanced fraud prevention and security features.
Cons
- Pricing may vary depending on transaction volume and payment methods.
- Integration complexity may vary depending on the specific needs
6 Things To Consider When Choosing A Shopify Payment Gateway
Choosing a Malaysia payment gateway provider for you Shopify store can be tough work. Here’s 6 things you should think through when making your decision.
Transaction Fee
Transaction fees can make or break your eCommerce business. You should compare the transaction fees, setup fees, and monthly fees across different providers. Take note fee for credit card, fpx and eWallet are different.
Supported Payment Methods
Rule of thumb is to select payment methods your customers frequently use. If you are selling low ticket items, FPX and eWallet are common. Whereas credit card is necessary for higher ticket items.
Security
Choose payment gateway that comes with strong security features like fraud prevention and data encryption. This will save you troubles from fraud case and cyber attack.
Integration with Shopify
Choose a gateway that integrates seamlessly with your Shopify store.
Customer Support
Select a provider with excellent customer support and reliable technical assistance.
Reporting and Analytics
Look for a gateway that provides detailed transaction data and analytics to track your business performance. Your finance team might need a comprehensive report when it comes to reconciliation.