E-Commerce - Online Credit Card Payment Gateways for Malaysian

If you are interested in accepting credit card online for your E-Commerce store, the following comparison chart will help you in deciding which payment gateway provider is suitable for you.

Providers Paypal iPay88 2checkout Molpay Logo More Details Formarly was NBepay Setup Fee Free RM488 USD49 MOLPay Lite 1st Year [ONE time] RM 499.00 Annual Fee Free Small/Medium Business Plan - RM500 Soho Plan - FREE Free MOLPay Premium 1st Year : RM 899.00 2nd Year onwards RM 499.00 NOW FREE until 30th June 2012 Transaction Fee 3.4% + RM2.00 More Details Small/Medium Business Plan - 3% Soho Plan - 4% 5.5% + USD0.45 MOLPay Lite 3.8%[For Credit Card Channel Only] 3.8% or RM 0.60 (whichever is higher)[For All Debit Channels] MOLPay Premium 3.0%[For Credit Card Channel Only] 3.0% or MYR 0.60 (whichever is higher)[For All Debit Channels] Supported Currencies RM (MYR), US, Euro, Singapore $ and more RM (MYR) Major Currencies like USD, Euro and GBP RM Only Withdrawal Method Transfer to local bank (on request) Transfer to local bank (weekly) Transfer to local bank Transfer to local bank (weekly) Receive money in local bank Supported Cards Country of origin USA Malaysia UK Malaysia Reliability High High High High Minimum Amount for Withdrawal See PayPal details here RM 100 See 2Checkout details here RM100 (RM 2 per withdrawal) Malaysia Online Bank Transfer N/A Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks) N/A Alliance Online, Am Online, CIMB Clicks, EON Online, Hong Leong Online, Maybank2u, RHB Online, FPX (Maybank2U, HL Online, RHB Online, Bank Islam, PbeBank, CIMB Clicks)

We highly recommend Paypal for e-commerce startup. It does not charge any setup fee or annual fee. Signup process is fairly simple and fast and approval is done instantly. Nowadays, malaysians are able to withdraw money from Paypal account to local bank. Click here for more details.