**Key takeaways:**

*   MDR stands for Merchant Discount Rate, a fee charged to businesses for accepting electronic payments like cards, e-wallets, and online transfers.
*   MDR is made up of several components, like interchange fees, card network charges, and payment gateway markups.
*   In Malaysia, MDR varies by payment method, with credit cards typically carrying the highest rates, while FPX and DuitNow QR offer more affordable options.
*   High MDR can affect your profit margins, especially for SMEs, and may influence which payment methods you promote or accept.
*   Businesses can reduce MDR costs by encouraging local payment methods, negotiating with providers, and optimising their checkout experience.
*   Billplz supports local payment rails and transparent pricing, helping Malaysian merchants manage MDR more efficiently and sustainably.

## Introduction

For any business that accepts payments electronically, whether by card, e-wallet, or online transfer, the Merchant Discount Rate (MDR) is a cost that quietly affects every transaction. It might be just a few percent, but over time, it can significantly shape your margins.

With Malaysia’s growing adoption of FPX, DuitNow QR, and e-wallets, understanding MDR has become more important. 

This guide breaks down MDR, what influences it, and how businesses can reduce costs, especially with local solutions like Billplz.

## What is a Merchant Discount Rate (MDR) and how does it work?

The Merchant Discount Rate (MDR) is the fee a business pays each time it accepts an electronic payment. The fee is usually a small percentage of the transaction value and is deducted automatically before the funds reach your bank account.

**A simple example:**  
If your MDR is 2% and a customer pays RM100, you’ll receive RM98 in your bank account, and RM2 goes to the payment provider and other intermediaries.

MDR is a standard part of electronic payments in Malaysia, and understanding how it works helps businesses manage costs and protect margins.

### What are the components of the Merchant Discount Rate?

MDR is made up of several underlying fees, each serving a different part of the payment process:

*   **Interchange fee**: Paid to the cardholder’s bank. This covers fraud risk, authorisation, and handling the transaction. Credit cards usually have higher interchange fees than debit cards.
*   **Card scheme or network fee**: Charged by global networks such as Visa and Mastercard. This fee supports the network infrastructure that routes and verifies card payments.
*   **Acquirer or payment gateway markup**: Added by the provider that processes the transaction for the merchant. This is where pricing can vary widely depending on the gateway, business type, volume, and negotiated terms.

#### MDR vs interchange fee

Interchange fees and Merchant Discount Rates (MDR) are closely related, but they’re not the same.

The interchange fee is a base cost set by the card networks (like Visa or Mastercard) and paid to the cardholder’s bank every time a transaction is made. It covers the cost of processing, fraud protection, and risk management. While important, this fee is only one part of the overall payment cost.

The MDR is the total fee a merchant pays per transaction. It includes:

*   The interchange fee,
*   The card network’s fee, and
*   The payment gateway or acquirer’s markup.

As a business owner, you don’t typically see the breakdown of these individual fees. What you do see is the final MDR on your transaction reports.

## How does MDR affect your transactions and margins?

MDR is deducted before you receive the funds, which means it directly reduces your net revenue. For small businesses or high-volume merchants, even a 1–2% fee can impact profit margins over time.

In Malaysia, credit card payments often carry a higher MDR (up to 3%), while e-wallets range from 1%–2%. Local methods like FPX and DuitNow QR typically offer lower MDR, making them a more cost-efficient option for small businesses.

Beyond fees, MDR can also shape business decisions; from how you price products to which payment methods you promote. Many merchants favour lower-MDR options to protect their margins, especially for high-volume or local transactions.

## What factors influence the MDR rate?

![](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_b764f1cc05.webp)![MDR rate](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_2_65934ccffe.webp)

MDR isn’t a fixed fee. It varies depending on your business type, payment method, and how the transaction is processed. Key factors include:

*   **Transaction type**: Online or card‑not‑present payments usually carry a higher MDR due to fraud risk. In‑store payments often cost less.
*   **Payment method**: Premium credit cards tend to cost more than debit cards or QR-based payments.
*   [**Merchant Category Code (MCC)**](https://main.billplz.com/blog/insights/merchant-category-codes-mcc-what-are-they-lookup-guide): This business classification affects network fees. Some categories, like education or government, enjoy a lower MDR.
*   **Business size and transaction volume**: Higher volume merchants may qualify for better rates through negotiation.
*   **Currency and country**: Cross-border and foreign currency payments typically involve higher fees.
*   **Payment provider markup**: Each gateway adds its own charges, impacting your final MDR.

## What is a typical MDR in Malaysia?

Merchant Discount Rates in Malaysia vary depending on the payment method and provider. Here’s what you can expect:

*   **Credit cards**: Around 1.5% to 3%, depending on card type and provider
*   **Debit cards**: Typically below 1%
*   **E-wallets**: Usually fall between 1% to 2%
*   [**FPX**](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide) **and DuitNow QR**: Range from 0% to 3%, often lower for SMEs
*   [**Buy Now Pay Later (BNPL)**](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz): Can go from 1.5% to over 3%, depending on the provider’s model.

Some QR payment providers also waive MDR for micro-merchants or during promotional periods, especially under initiatives to support digital adoption. Always confirm the exact rate with your payment provider, as costs can vary based on your industry, transaction volume, and merchant classification.

## How can businesses reduce their MDR charges and improve payment cost efficiency?

While MDR is unavoidable, smart decisions can help you manage the cost. Start by prioritising lower-cost methods like FPX and DuitNow QR for local payments. Encourage debit card or e-wallet usage over credit cards, which often carry higher fees.

A streamlined checkout also reduces failed payments and disputes, helping you avoid unnecessary costs. If you process high volumes or recurring transactions, talk to your provider about better rates.

With local rails, transparent pricing, and real-time fee visibility, [Billplz](https://main.billplz.com/) gives Malaysian businesses the tools to reduce MDR and improve their payment cost structure.

## Role of payment gateway in MDR: How does Billplz help?

Your choice of payment gateway directly affects how much you pay in MDR. From the payment methods available to how fees are structured and reported, it all adds up, especially for growing businesses.

_Billplz_ is designed with Malaysian merchants in mind, offering: 

*   Transparent, MYR-based pricing with no hidden charges, so you always know what you're paying for.
*   Support for lower-cost, local payment methods like FPX, DuitNow QR, and e-wallets, helping reduce your MDR from the start.
*   Real-time reporting and reconciliation tools that let you track every fee, transaction, and settlement clearly.
*   Flexible plans, including optional PayPal integration for businesses that also serve international customers.

Whether you're running an online store, managing recurring payments, or collecting donations, Billplz gives you the control and clarity to keep your costs efficient and predictable.

Also read: Jom Duitnow with Billplz: Solutions for online businesses.  

---

## FAQ

### How does MDR affect my business profitability?

It reduces your net earnings from each sale. Even a small percentage can add up, especially for businesses with tight margins or high-volume transactions.

### Are there MDR waivers for small businesses in Malaysia?

Yes. Some QR-based payments (like DuitNow QR) come with reduced or waived MDR, especially for micro and small merchants, depending on the acquiring bank or payment provider.

### Does accepting e-wallets or QR reduce my MDR?

Often, yes. E-wallet and QR-based payments typically have lower MDR compared to credit cards, making them a cost-effective option for local transactions.

### What is the average merchant discount rate for businesses?

Most MDRs fall between 1% to 3%, depending on the payment method, business category, and provider. QR and debit card rates are generally on the lower end.

### How do interchange fees relate to MDR?

Interchange fees are one component of MDR, paid to the cardholder’s bank. Merchants don’t see this breakdown; they only pay the final MDR charged by their gateway.

### Can merchants negotiate their MDR?

Yes. Businesses with high transaction volume or low-risk profiles can often negotiate lower MDR rates with their payment gateway or acquiring bank.

### Why is MDR higher for online transactions?

Online (card-not-present) payments carry higher fraud risk and processing complexity, which results in higher MDR.

### How is MDR different for credit and debit cards?

Credit cards generally have higher MDR due to risk and reward-based fees. Debit card transactions are processed at a lower cost and usually carry a lower MDR.  

---

## Conclusion

MDR is part of doing business in a digital economy, but that doesn’t mean it should go unchecked. For Malaysian merchants, understanding how MDR works, what influences it, and how to control it can lead to better margins and healthier cash flow.

By choosing a gateway like Billplz that prioritises local payment rails and transparent pricing, businesses can gain better control over payment costs without compromising on customer experience.

Review your current MDR rates, compare providers, and explore how [_**Billplz**_](https://main.billplz.com/pricing) can help bring more clarity, control, and cost-efficiency to your payment process.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Learn what Merchant Discount Rate (MDR) is, how it impacts your business, and how to manage costs with local payment options like FPX and DuitNow QR via Billplz.


Merchant Discount Rate: What is it & its impact on transactions

**Key takeaways:**

*   Stripe and PayPal are strong global platforms, but each serves different business needs.
*   Stripe offers flexible, developer-driven payment infrastructure ideal for SaaS and scaling eCommerce.
*   PayPal provides quick setup, broad consumer trust, and simple invoicing for freelancers and small businesses.
*   Neither platform fully supports Malaysian payment methods such as DuitNow QR or local e-wallets.
*   Billplz fills this local gap with MYR‑native support for FPX, DuitNow, e-wallets, BNPL, and fast bank settlements.
*   With optional integrations, Billplz lets businesses manage both local and international payments in one dashboard.

## Introduction

Stripe and PayPal are two of the most recognised names in global payments. Whether you’re running an eCommerce store, a SaaS platform, or freelancing across borders, chances are you’ve come across both.

While Stripe is known for its developer-first, scalable infrastructure, PayPal dominates with its ease of use and brand familiarity. In this guide, we’ll compare the two across setup, features, fees, and suitability for Malaysian businesses.

## Overview of both platforms

### What is Stripe?

[Stripe](https://stripe.com/en-my) is a full-stack payment processor offering APIs and infrastructure for businesses to accept online and offline payments. It’s especially popular among startups and tech-forward companies thanks to its deep customisation and automation capabilities.

While Stripe is officially available in Malaysia, it lacks support for local payment methods like DuitNow, which can be limiting for merchants serving local customers.

### What is PayPal?

[PayPal](https://www.paypal.com/) is a digital wallet and payment processor that enables users to send, receive, and store money online. For businesses, it offers an easy-to-set-up gateway that integrates with major platforms like Shopify and WooCommerce.

Its plug-and-play setup, along with high consumer trust, makes PayPal a convenient choice for small businesses and freelancers. However, its fees are notably higher for international transactions.

## Stripe vs PayPal: Comparison of key features

Here’s a side-by-side look at how Stripe and PayPal compare across key business and payment features.

<table><tbody><tr><td>Feature</td><td>Stripe</td><td>PayPal</td></tr><tr><td>Core Focus</td><td>Developer-first payment infrastructure for custom integration</td><td>Consumer-facing digital wallet and checkout solution</td></tr><tr><td>Ideal For</td><td>SaaS platforms, global marketplaces, and scalable eCommerce</td><td>Freelancers, small businesses, and service-based eCommerce</td></tr><tr><td>Payment Methods</td><td>Credit/debit cards, Apple Pay, Alipay; limited support for local methods</td><td>Cards, PayPal wallet; limited support for local bank or QR methods</td></tr><tr><td>Malaysian Support</td><td>Available since 2019; does not support FPX or DuitNow natively</td><td>Available and supports MYR; local withdrawals enabled</td></tr><tr><td>Setup Complexity</td><td>Requires developer resources for setup and integration</td><td>Simple setup with ready-to-use plugins and minimal technical effort</td></tr><tr><td>Fees</td><td>3.0% + FX markup per transaction (may vary by use case)</td><td>3.9%–4.4% + FX markup and fixed fee per transaction</td></tr><tr><td>Payout Time</td><td>Typically 5–7 business days to Malaysian bank accounts</td><td>Usually 3–5 business days for local withdrawals</td></tr><tr><td>Platform Integration</td><td>Highly flexible with API; integrates with Shopify, WooCommerce, and more</td><td>Built-in integrations with major platforms and marketplaces</td></tr></tbody></table>

_**Also read: Wise vs PayPal: Which payment gateway should you choose?**_

### Ease of use and setup

Stripe is built for developers, requiring technical resources for setup and customisation. This enables highly tailored payment flows but adds complexity. 

PayPal, by contrast, is designed for ease. You can start accepting payments within minutes, making it ideal for solo entrepreneurs or smaller teams.

### Features and flexibility

Stripe shines in flexibility, supporting over 135 currencies, recurring billing, and real-time reporting. Its APIs are robust and suitable for scaling businesses. 

PayPal is simpler, offering invoicing, instant payments, and access to business tools like debit cards and working capital loans. It’s effective but limited in comparison.

### Stripe vs PayPal: Fees and currency exchange rates

#### Stripe fees

Stripe charges around 3.0% per transaction, plus a small fixed fee (e.g. MYR 1.00). Cross-border transactions involve currency conversion fees, though they’re not always clearly broken out. There are no monthly or setup fees, but custom integration may require developer costs.

#### PayPal fees

PayPal typically charges 3.9–4.4% + MYR 2.00 per transaction, along with a currency conversion markup (around 3% to 4%). You may also incur withdrawal and cross-border fees. These charges can accumulate quickly, especially for freelancers or small businesses dealing with overseas clients.

### Payment methods and local compatibility

Stripe is excellent for card-based transactions and supports Apple/Google Pay. However, it lacks native support for DuitNow or local e-wallets in Malaysia.

PayPal supports its own wallet and card payments, and allows local bank withdrawals. But like Stripe, it doesn’t offer built-in support for Malaysian BNPL or QR payments.

For businesses in Malaysia, this gap can limit how easily your customers pay, especially if they prefer local methods like FPX or DuitNow QR. Local-focused providers like Billplz help close that gap by supporting the payment methods Malaysians already use without needing to patch together extra tools.

#### Stripe vs PayPal for international payments

Stripe is generally stronger for international payments, offering lower cross‑border fees, broader multi‑currency support, and more flexibility for businesses that want to build a customised global checkout. It’s designed for scale, especially if you’re running subscriptions, SaaS, or high‑volume international eCommerce.

PayPal, on the other hand, remains a practical choice if you want something fast to set up and familiar to customers worldwide. Its global wallet and trusted brand make it easy for buyers to complete payments, even if the overall costs are higher.

### Stripe vs PayPal: Integrations & development tools

Stripe is widely praised for its developer-first approach. With support for webhooks, custom workflows, and advanced billing logic, it’s ideal for SaaS and marketplaces.

PayPal keeps it simple. With plugins for WooCommerce, Shopify, and other platforms, it works well for non-technical users or teams without in-house developers.

_Also read:_ [_Shopify vs WooCommerce (WordPress): An updated comprehensive comparison_](https://main.billplz.com/blog/insights/shopify-vs-woocommerce-comparison)_._

### Stripe vs PayPal: Security and compliance

Both platforms are PCI DSS Level 1 certified, meaning they meet the highest standards for payment security. This reduces compliance burdens for businesses and protects cardholder data.

## Use case comparison

Stripe and PayPal each shine in different scenarios, so the right choice depends on how your business operates and who you're serving.

### Stripe vs PayPal for freelancers and remote workers

PayPal is often the go-to for freelancers. It’s easy to set up and widely recognised by global clients. But its high fees and currency conversion costs can quickly eat into your earnings.

Stripe is less common among individual freelancers but works well for agencies or small businesses with the resources to set up custom workflows. Its flexibility makes it ideal if you’re billing clients at scale or handling recurring payments.

### eCommerce businesses

If you're launching an online store, PayPal makes it easy to get started. It integrates with major platforms like Shopify and WooCommerce, and customers trust the brand at checkout.

Stripe, meanwhile, is built for scaling. It offers customisable, branded payment flows and is ideal if you’re expanding internationally or want more control over your checkout experience.

### SaaS and subscription platforms

Stripe leads the way here. Its built-in tools for recurring billing, metered pricing, and automation make it a favourite for SaaS businesses. You can customise almost everything if you’ve got the dev resources.

PayPal does offer recurring payments, but it’s not as flexible or automated. It’s best for simpler subscription models.

### Stripe vs PayPal for Malaysian businesses

While both platforms support global payments, they don’t natively offer Malaysian payment methods. That gap matters, especially if your customers expect to pay using familiar, local channels.

Local-first providers like Billplz help bridge this, offering Malaysian payment rails and optional PayPal integration. That way, you can serve both local and international customers with one connected setup.

## Which payment gateway is best in Malaysia?

![Stripe vs PayPal: Best payment gateway for Malaysian businesses](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_95f8252dce.webp)

Stripe and PayPal are both powerful, but neither is a complete fit for the Malaysian market.

*   **Fees**: Stripe may offer slightly lower rates overall, but its FX markups and less transparent structure make it harder to predict. PayPal, while pricier, is easier to understand, especially for low-volume users or one-off transactions.
*   **Ease of Integration**: PayPal is plug-and-play and great for getting started quickly. Stripe takes more setup but offers unmatched flexibility once integrated.
*   **Use Case Fit**: Stripe shines for SaaS, scaling startups, and custom payment flows. PayPal is ideal for freelancers, small eCommerce, and global client billing.
*   **Customer Preference**: Many Malaysian customers and international clients recognise and trust PayPal, especially at checkout.

## Where does Billplz fit in for Malaysian businesses?

[Billplz](https://main.billplz.com/) bridges what global platforms miss: seamless local payments tailored for Malaysian businesses.

Built specifically for Malaysian businesses, it supports FPX, DuitNow QR, major e-wallets like TNG, Boost, and GrabPay, as well as BNPL options. This means your customers can pay the way they prefer, securely and instantly.

With MYR-native pricing, no currency conversion losses, and fast settlements to local bank accounts, you stay in control of your revenue and cash flow.

Billplz also integrates with PayPal, giving businesses the ability to manage both local and international payments within a single, consolidated dashboard. 

While Stripe supports global scale and PayPal enables international transactions, Billplz complements them by offering the local infrastructure Malaysian businesses need to operate efficiently.

Also read:

*   [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)
*   [_Jom Duitnow with Billplz: Solutions for Online Businesses_](https://main.billplz.com/blog/products/duitnow-qr-for-online-businesses)
*   [_BNPL Malaysia & Billplz: Our integrations, comparisons & offerings_](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz)

---

## FAQ

### Is Stripe better than PayPal?

It depends. Stripe is better for scalable, tech-forward businesses. PayPal is easier to use and trusted by consumers.

### Can I use Stripe in Malaysia?

Yes, Stripe has been available in Malaysia since 2019.

### Is Stripe owned by PayPal?

No. Stripe and PayPal are entirely separate companies. They are competitors in the global payments space and operate independently.

### Do I need both Stripe and PayPal?

Many businesses use both. Stripe provides flexibility and customisation for backend payment flows, while PayPal offers ease of use and trust with consumers, particularly in markets where PayPal is widely adopted.

### Does Stripe hold your money like PayPal?

Stripe typically settles payouts within 5–7 business days and is upfront about its processing timelines. PayPal may hold funds temporarily for risk reviews, especially for new or high-risk accounts.

### Which platform is cheaper for online transactions in 2025?

Stripe tends to be cheaper, especially at scale. But exact fees vary by transaction type.

### Does Stripe support local Malaysian payment methods?

Stripe supports FPX, Malaysia’s bank transfer system, allowing customers to pay directly from their local bank accounts. 

In addition, it offers international payment methods such as credit and debit cards (Visa, Mastercard) and digital wallets like Google Pay and Apple Pay, all in Malaysian Ringgit (MYR).

### Does PayPal support Malaysian Ringgit (MYR) transactions?

Yes, PayPal supports MYR for both domestic and international transactions. You can hold a MYR balance and send or receive payments in Malaysian Ringgit within supported contexts.

### How do Stripe and PayPal compare in terms of settlement speed?

PayPal typically settles to Malaysian bank accounts within 3–5 business days. Stripe takes slightly longer, usually 5–7 business days. Timing may vary depending on the account and transaction history.  

---

## Conclusion

Stripe and PayPal each offer unique strengths for online payments. Stripe is built for flexibility and scale, making it ideal for businesses with technical teams and custom workflows. PayPal, on the other hand, is easy to set up, widely recognised, and trusted by customers around the world.

But for Malaysian businesses, global tools alone aren’t always enough. Local payment preferences play a major role in conversion and customer satisfaction.

Billplz bridges this gap by offering:

*   A local-first gateway with support for FPX, DuitNow, BNPL, and major e-wallets
*   Transparent, MYR-based pricing with no FX markups
*   Integrations for a unified local and global payment experience

With _Billplz_, you can accept payments the way your customers prefer and manage them all from one secure, scalable platform.

_Explore how_ [_**Billplz**_](https://main.billplz.com/) _fits into your payment flow and supports your business growth._

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

To learn more about Billplz, read: 

*   [_SenangPay vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)
*   [_iPay88 vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [_Billplz vs Stripe: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [_Billplz vs Curlec: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [_Toyyibpay vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)

Compare Stripe and PayPal for fees, features, and suitability for Malaysian businesses. Learn which works best and how Billplz supports local payments.


Stripe vs PayPal: Which payment gateway should you choose?

**Key takeaways:**

*   Wise offers lower fees, mid-market exchange rates, and faster international transfers. This is ideal for freelancers and SMEs managing cross-border payments.
*   PayPal is built for online checkout, invoicing, and customer payments, with integrations for platforms like Shopify and WooCommerce.
*   Wise uses real exchange rates with no markup, while PayPal adds a hidden margin of 3–4% on currency conversions.
*   PayPal supports international withdrawals to Malaysian banks, but it can be slower and more costly than Wise.
*   Use Wise for cost-efficient transfers and PayPal for global checkout and client billing. Many businesses benefit from using both.
*   Billplz complements both platforms by offering local payment methods (FPX, DuitNow QR, e-wallets), PayPal integration, and fast MYR bank settlements.

## Introduction

Wise and PayPal are two of the most recognised names when it comes to sending and receiving money internationally. While both offer global payment capabilities, they serve very different functions.

*   Wise (formerly TransferWise) focuses on international transfers and borderless accounts, offering real exchange rates with low, transparent fees.
*   PayPal is a long-standing online wallet and payment gateway, popular for eCommerce, invoicing, and consumer payments.

This guide compares Wise and PayPal across key factors like fees, exchange rates, speed, and integrations, so you can choose the one that fits your business best.

## Overview of Wise and PayPal

### What is Wise?

[Wise](https://www.google.com/aclk?sa=L&ai=DChsSEwiOpMOZ1_2QAxVXwzwCHYA0FbwYACICCAEQABoCc2Y&co=1&ase=2&gclid=CjwKCAiAz_DIBhBJEiwAVH2XwKlcwedYU8ef9tuBxgnzZ9xU8L3ohlBQCMnHCe8ka_dttpDAsGW-cBoCXPkQAvD_BwE&cid=CAASZeRowz5aEUKjIOpjxF4C9tXqX-0HUvcl9MaOXuo4yhDAJ8q0sRDV6GhiFzSKvsE3O9MRQ4bWy-wwHfInWWi3HCtFpfuBAtJ-1eIORD0On0nVEcQFv3FthcdjU9eKU5fbN2Syqk-k&cce=2&category=acrcp_v1_32&sig=AOD64_0e5m5XPVyoMtPeMj8hVB9CijgUDQ&q&nis=4&adurl&ved=2ahUKEwi89K-Z1_2QAxWlT2wGHXlmNJUQ0Qx6BAgYEAE) is a global money transfer service known for its transparent fees and mid-market exchange rates. Originally built for individuals, it now serves businesses with features like batch payments, multi-currency accounts, and local bank payouts in 70+ countries.

It’s ideal for Malaysian businesses looking to pay international suppliers, freelancers, or remote teams without inflated exchange rates or hidden charges.

### What is PayPal?

[PayPal](https://www.paypal.com/) is a global digital wallet and payment gateway. It allows users to send, receive, and withdraw funds internationally. For businesses, it offers checkout integrations with platforms like [Shopify and WooCommerce](https://main.billplz.com/blog/insights/shopify-vs-woocommerce-comparison), making it a top choice for eCommerce sellers.

However, PayPal comes with higher fees, including currency conversion markups, transaction fees, and withdrawal charges. All of which can eat into profits for small businesses or freelancers.

## Comparison table: Wise vs PayPal

Here's a side-by-side look at how Wise and PayPal compare across core features, fees, and business suitability for Malaysian users

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Wise</strong></td><td><strong>PayPal</strong></td></tr><tr><td><strong>Core service</strong></td><td>Designed for international bank transfers and multi-currency accounts.</td><td>Built as a global wallet and checkout solution for online payments.</td></tr><tr><td><strong>Exchange rates</strong></td><td>Uses the real mid-market rate with no hidden markup.</td><td>Applies a markup to exchange rates, increasing overall cost.</td></tr><tr><td><strong>Transfer/receive fees</strong></td><td>Charges a low, transparent fee upfront—no surprises.</td><td>Multiple fees apply, including higher transaction and conversion charges.</td></tr><tr><td><strong>Supported countries</strong></td><td>Available in over 70 countries with strong coverage for business transfers.</td><td>Operates in 200+ countries with wide consumer and merchant adoption.</td></tr><tr><td><strong>Payment gateway integration</strong></td><td>Does not offer native checkout or gateway functionality.</td><td>Fully integrated checkout options for eCommerce platforms.</td></tr><tr><td><strong>Currency support</strong></td><td>Offers a multi-currency account, including MYR support.</td><td>Supports MYR in select cases but with limitations for international use.</td></tr><tr><td><strong>Withdrawal options</strong></td><td>Direct and fast withdrawals to Malaysian bank accounts.</td><td>Withdrawals to local banks are slower and less transparent.</td></tr><tr><td><strong>Ideal for</strong></td><td>Best for freelancers, B2B transactions, and international payroll.</td><td>Suited for eCommerce, digital invoicing, and consumer-facing payments.</td></tr></tbody></table>

Also read: [Stripe vs PayPal: Which payment gateway should you choose?](https://main.billplz.com/blog/products/stripe-vs-paypal-which-should-you-choose)

### Wise vs PayPal fees

#### Wise fees

Wise charges a small, upfront fee that combines a fixed amount and a percentage of the transaction. There are no hidden charges or exchange rate markups;  what you see is what you pay.

#### PayPal fees

PayPal fees depend on the transaction type, currency, and country. Sending and receiving money, especially from international clients, can incur multiple charges:

*   Transfer fee
*   Currency conversion markup (typically 3–4%)
*   Withdrawal fee

This can make PayPal more expensive, particularly for freelancers or SMEs receiving international payments.

### Wise vs PayPal exchange rates

#### Wise exchange rates

Wise uses the mid-market rate, which is the real exchange rate you see on Google or Reuters, with no hidden markup. Instead of inflating the rate, Wise charges a small, transparent fee shown upfront before you send money. You always know exactly how much your recipient will get.

#### PayPal exchange rates

PayPal adds a markup to its exchange rates, usually between 3% and 4%. This hidden cost reduces the amount you receive in your local currency.

#### Does PayPal or Wise Offer Better Exchange Rates?

PayPal adds a margin to its exchange rate, typically around 3% to 4%. This markup is not always obvious, as it’s built into the rate itself rather than broken out separately. So, you may end up receiving less than expected, even before additional PayPal service fees.

### Wise vs PayPal speed and payment experience

Wise is generally faster for international transfers, with payouts arriving in 1–2 business days and clear tracking throughout. It also supports batch payments, making it ideal for payroll or supplier payouts.

PayPal withdrawals to Malaysian banks typically take 3–5 business days. While Instant Transfer is available, it's not always guaranteed and may come with extra fees.

#### Which is faster for international payouts?

For speed and transparency in international payouts, Wise usually has the edge. PayPal works best for collecting payments via checkout or invoices, even if settlement takes a bit longer.

### Wise vs PayPal safety and security

Both Wise and PayPal are trusted platforms that prioritise security and regulatory compliance.

Wise is licensed by Bank Negara Malaysia as a remittance, money-changing, and e-money issuance business with additional approvals from financial regulators worldwide. Its operations are built for transparency and compliance from the ground up.

PayPal is also regulated by Bank Negara Malaysia as an e-money issuer and follows international standards like PCI DSS to protect cardholder data. It also offers seller protection features, which are especially useful for online merchants.

When it comes to customer support, Wise often receives positive feedback for its clarity and responsiveness. PayPal’s support is more varied, given its large global user base and broader range of services.

## Use case scenarios: Wise vs PayPal

Here’s how Wise and PayPal compare across common business scenarios in Malaysia, from freelancers to online sellers and SMEs managing global payments:

### Freelancers in Malaysia

Wise is ideal for freelancers who want lower fees, better exchange rates, and fast transfers to local bank accounts. It's transparent, efficient, and well-suited for managing international payments.

PayPal, while costlier, remains a popular option thanks to its global reach. Many clients prefer it, especially in creative and tech industries, making it hard to ignore despite the higher fees.

### eCommerce sellers

PayPal is built for online selling, with ready-to-use integrations for platforms like Shopify and WooCommerce. It’s a convenient checkout option for customers and comes with invoicing features.

Wise isn’t meant for eCommerce checkout, but it’s helpful for receiving payouts from global platforms and converting them to MYR affordably.

### SMEs with international suppliers or payroll

Wise works well for cross-border business payments, offering batch transfers, real-time tracking, and competitive rates. It’s built to handle international B2B flows with ease.

PayPal is better suited for receiving payments than sending them. For supplier payments or payroll, its higher fees make it a less efficient option.

## Which is better for your business: Wise or PayPal?

![Wise vs PayPal: Best payment gateways for Malaysian businesses](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_dd9a4fdd42.webp)

Both Wise and PayPal are strong platforms, but they serve different business needs. The better choice depends on how you get paid and how you move money across borders.

**Choose Wise if:**

*   You want to keep costs low and avoid currency markups
*   You’re a freelancer, SME, or service provider managing cross-border payments
*   You need real exchange rates and fast, direct-to-bank transfers

**Choose PayPal if:**

*   You run an eCommerce store and need integrated checkout or invoicing tools
*   Your clients prefer PayPal as a payment method
*   You operate on platforms where PayPal is the default or built-in option

Wise is more cost-efficient for global transfers. PayPal offers broader convenience for online payments and customer-facing transactions. Choose what fits your business flow best or use both where needed.

## How do you choose the right platform for your payments?

Choosing between Wise and PayPal depends on your business priorities. Think about how often you handle international payments, which currencies you use, and whether you need tools like checkout or batch transfers.

But international tools are just one part of the puzzle.

For Malaysian businesses, having a reliable local payment setup is just as important. That’s where [Billplz](https://main.billplz.com/) comes in. It complements your global platforms by supporting local payment methods like [FPX](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide), DuitNow, [BNPL](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz), and e-wallets, all with transparent, MYR-based pricing.

You also get fast settlements to Malaysian bank accounts and the ability to integrate PayPal for international transactions. That means one platform for both local and global payments, with full visibility and control in a single dashboard.

Whether you're scaling up or just getting started, Billplz brings the local infrastructure to support your global ambitions.  

---

## FAQ

### Is Wise safe in Malaysia?

Yes. Wise is licensed by Bank Negara Malaysia as a provider of remittance, e-money issuance, and money-changing services. It operates under strict compliance and security standards both locally and globally.

### Is PayPal available in Malaysia?

Yes. Malaysian users can create PayPal accounts to send, receive, and withdraw funds. However, certain limitations apply, especially when accepting payments in MYR or using it for local transactions.

### Can I use Wise like PayPal?

Not quite. Wise is designed for international transfers and multi-currency account management. PayPal, on the other hand, is built for online payments, invoicing, and eCommerce checkout.

### Is PayPal better or Wise?

It depends on your use case. Wise offers lower fees and better exchange rates for transfers, while PayPal is more convenient for consumer-facing transactions and online sales.

### Can PayPal transfer to Malaysian banks?

Yes. You can withdraw funds from PayPal to your Malaysian bank account. Standard withdrawals usually take 3–5 business days and may come with conversion and withdrawal fees.

### Can Maybank accept PayPal?

Yes. PayPal supports withdrawals to local banks like Maybank, provided your account is linked and verified. You’ll receive the funds in MYR, subject to PayPal’s exchange and transfer fees.

### Which is cheaper for international transfers, Wise or PayPal?

Wise is generally more cost-effective due to its real mid-market exchange rate and lower, transparent fees. PayPal charges higher fees and includes a hidden markup in its currency conversions.

### Is Wise a payment gateway or a money transfer service?

Wise is a money transfer platform. It helps individuals and businesses send, receive, and manage money across borders, but it doesn’t offer native checkout or gateway functionality.

### Is Wise better than PayPal for international payments?

Yes, if your priority is cost savings and transparency. Wise typically offers lower total fees and more competitive exchange rates than PayPal for cross-border payments.

### Can I use Wise and PayPal together?

Absolutely. Many businesses use Wise for sending or receiving funds internationally, while using PayPal for customer payments or eCommerce checkout.

### Does PayPal support Malaysian Ringgit?

Yes, PayPal supports MYR, but usage is limited for international transactions. Currency conversion fees may apply when receiving or withdrawing funds in MYR.

### Can I integrate Wise with WooCommerce?

No. Wise does not offer native WooCommerce or eCommerce checkout integration. It’s meant for bank-to-bank transfers, not for direct consumer payments.

### Is Wise a replacement for a business bank account?

Not entirely. Wise offers multi-currency accounts and helps manage international transactions, but it doesn’t replace the full functionality of a traditional business bank account.

### Is Billplz better for Malaysian customer payments?

Yes. Billplz is purpose-built for Malaysian businesses, offering FPX, DuitNow QR, and e-wallet support with local bank settlement and MYR-based transparent pricing. It’s a strong complement to global tools like Wise or PayPal.  

---

## Conclusion

Wise and PayPal are built for different strengths. Wise excels in affordable, direct international transfers, while PayPal remains a go-to option for online checkout and global customer payments.

But if you're a Malaysian business that wants to manage both international and local payments efficiently, you don’t need to choose just one. 

Billplz bridges the gap by offering:

*   A local-first payment gateway with FPX, DuitNow, and e-wallet support
*   Seamless PayPal integration for overseas customers
*   Transparent MYR-based pricing and fast bank settlements

With Billplz, you can streamline your entire payment stack,  from cross-border transactions to domestic collections, all in one flexible, business-friendly platform.

_**Explore how**_ [_**Billplz**_](https://main.billplz.com/) _**helps you simplify payments while staying local, secure, and scalable.**_

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

Also read:

*   [iPay88 vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [Billplz vs Stripe: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [Billplz vs Curlec: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [SenangPay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)

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Compare Wise and PayPal for fees, speed, FX rates, and use cases. Find the right fit for your business and how Billplz supports local payments.


Wise vs PayPal: Which payment gateway should you choose?

**Key takeaways**

*   DuitNow QR is Malaysia’s national QR standard, enabling payments from over 30 banks and e-wallets through a single, unified code.
*   It simplifies payment acceptance for online businesses, removing the need for multiple proprietary QR codes.
*   Customers can pay using any supported banking app or e-wallet, including Maybank, CIMB, TNG, Boost, and more.
*   It offers instant payment confirmation, with same-day or next-day settlement depending on your provider.
*   Transaction fees are lower than traditional card payments, making it a cost-effective solution for businesses of all sizes.
*   Billplz makes DuitNow QR even easier to adopt, offering payment links, real-time tracking, MYR settlement, and support for other methods like FPX, credit cards, and BNPL.
*   Perfect for freelancers, SMEs, and online stores, Billplz helps you serve local customers better and grow without the complexity.

## Introduction

DuitNow QR is Malaysia’s national QR standard for mobile payments, built to simplify how businesses collect money in an increasingly digital market.

As the country moves toward a 90% cashless goal by the end of 2025, online businesses need payment options that customers trust and can use immediately. 

DuitNow QR delivers exactly that. With a single QR code, you can accept payments from more than 30 banks and e‑wallets without managing multiple systems or app‑specific codes.

In this guide, we’ll break down how DuitNow QR works, why it benefits your business, and how Billplz makes online adoption seamless.

## What is DuitNow QR and how does it work?

DuitNow QR is Malaysia’s unified QR standard, developed by [Payments Network Malaysia (PayNet)](https://main.billplz.com/blog/insights/paynet-malaysia-payment-network-guide) and regulated by Bank Negara Malaysia (BNM). It ensures full interoperability across banks and e-wallets, so you only need one QR code to accept payments from your customers.

Instead of managing multiple QR codes from different providers, merchants display a single DuitNow QR code. Customers then scan it using any participating bank app or e-wallet to make payments.

### What’s the difference between TNG QR and DuitNow QR?

The TNG QR code is exclusive to Touch 'n Go eWallet, meaning only users of that app can make payments with it.

In contrast, DuitNow QR is a universal standard. Because TNG is part of the DuitNow network, its users, along with customers from banks like Maybank, CIMB, or e-wallets like Boost, can all scan the same DuitNow QR to pay.

For businesses, this means one DuitNow QR code is all you need to serve nearly every customer in Malaysia.

## Benefits of DuitNow QR for businesses

For online businesses in Malaysia, offering seamless, secure, and accessible payment options is key to improving customer experience and boosting conversion. DuitNow QR checks all those boxes and more.

*   **Wider customer acceptance**: Accept payments from all major banks and e-wallets,  without asking customers to switch apps.
*   **Massive reach**: Over 2.6 million acceptance points nationwide, with RM31.1 billion in transaction value (2024).
*   **Lower operating costs**: Fees are generally lower than credit card transactions, helping businesses save on every payment.
*   **Security & trust**: Backed by Bank Negara and PayNet; meeting high national standards for safety and reliability.
*   **Real-time confirmation**: Payments show up instantly, so you can confirm and fulfil orders without delay.
*   **Easy to deploy online**: Share a single QR or link via web, WhatsApp, or email;  no need to build a full checkout system.

Whether you're running a storefront, selling via Instagram, or sending invoices, DuitNow QR makes collecting payments easier for you and your customers.

## How to set up DuitNow QR for your online business?

![Step-by-step process for setting up your DuitNow QR ](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_83a16728a9.webp)

Getting started with DuitNow QR is straightforward, and you don’t need to build a full checkout system to offer it. Here’s how to set it up for online payments:

1.  **Choose a provider that supports DuitNow QR**: Make sure they offer tools for generating QR codes or payment links, and that they support MYR settlement to Malaysian bank accounts. Local customer support is a plus.
2.  **Register for a merchant account**: After signing up, you’ll receive your DuitNow QR code or a payment link, ready to use immediately.
3.  **Add the QR or link to your customer touchpoints**: You can embed it on your checkout page, invoice, or even share it via WhatsApp, Instagram DM, or email. It works just as well for web-based and social-driven businesses.
4.  **Test a payment**: Run a test using a participating bank or e-wallet to ensure the QR code works, and check if your payment appears correctly in the dashboard.
5.  **Settle and track**: Funds will be settled into your Malaysian bank account based on your provider’s schedule. Most dashboards allow you to view payment history, track status, and export reports for reconciliation.

### How to integrate DuitNow QR with your website or store?

Adding DuitNow QR to your online checkout is simpler than you think.

*   Place a QR image or “Pay Now” link on your checkout page where it’s clearly visible and easy to access.
*   Optimise for mobile: Ensure the QR fills the screen or the link opens directly in a supported bank or e-wallet app for smoother payment flow.
*   Use available tools: If your payment provider offers plugins or embed codes, take advantage of them to save time and ensure compatibility.
*   Track transactions properly: Make sure your backend dashboard captures each DuitNow QR transaction with clear references for easy reconciliation.

Integrating DuitNow QR can reduce friction at checkout, speed up payment confirmation, and meet customer expectations in just a few taps. 

Work with a provider that supports MYR settlement and connects with major local e-wallets like Boost, GrabPay, and TNG. Billplz is a reliable option designed to support these local payment needs.

## How Billplz helps online businesses accept DuitNow QR

Billplz helps Malaysian businesses accept payments with ease. It supports [FPX](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide), DuitNow QR, e-wallets, credit cards, and [BNPL](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz), all from one system. Whether you run an online store, freelance, or manage a platform, you get the tools to move fast, stay in control, and serve local customers better.

![Key Billplz features for DuitNow QR acceptance](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_2_e9fa7eac0e.webp)

With clear pricing, seamless integrations, and a powerful dashboard, Billplz lets you collect payments, track them in real time, and grow with confidence.

*   **Unified payment gateway**: Accept DuitNow QR, FPX, credit cards, and BNPL from the same platform.
*   **QR + link flexibility**: Generate dynamic or static QR codes, or create payment links from your Billplz dashboard or API, perfect for checkout, chat, or email.
*   **Transparent fees & fast settlement**: Know exactly what you’re paying, with direct MYR settlement to your Malaysian bank account.
*   **All-in-one dashboard**: Track all incoming payments (QR and non-QR) in real-time, with filters and export options.
*   **Competitive pricing**: FPX-based QR transactions cost as low as MYR 0.70 per payment on the Standard plan, ideal for SMEs and growing brands.
*   **Flexible integrations**: Connect Billplz to your website, store, or platform using ready-made integrations and plugins. Explore available options at the [Billplz Integrations page](https://main.billplz.com/integrations).

### DuitNow QR settlement times

DuitNow QR offers **instant payment confirmation**. The moment your customer scans and pays, you’ll see it reflected in your Billplz dashboard. Settlement to your Malaysian bank account happens on the same day or the next business day, depending on your plan. 

This speed removes any ambiguity around payment status and helps you move quickly from order to delivery, offering a smoother experience than traditional card terminal settlements.  

---

## FAQ

### Is DuitNow QR safe?

Yes, it’s safe. DuitNow QR is regulated by Bank Negara Malaysia and runs on PayNet’s secure infrastructure. 

### What are the fees for DuitNow QR payments?

Fees vary by provider. With Billplz, QR-based FPX payments can be as low as RM0.70 per transaction, making it a cost-effective option for online businesses.

### Does DuitNow QR support e-wallets and bank apps?

Absolutely. DuitNow QR works with over 40 participating banks and e-wallets (Source: [DuitNow Online Banking/Wallets](https://www.duitnow.my/Online-Banking-Wallets/index.html)), including Maybank, CIMB, TNG eWallet, Boost, GrabPay, and many more.

### How quickly do funds settle when using DuitNow QR?

You’ll typically receive funds by the next business day. Some providers, like Billplz, also offer same-day settlement options depending on your plan.

### Does Maybank have DuitNow QR?

Yes. Maybank fully supports DuitNow QR. You can use it to send and receive payments through the MAE app or Maybank2u.

### Can I use DuitNow QR with e-wallets?

Yes. Most major Malaysian e-wallets, including Boost, GrabPay, TNG eWallet, and MAE, let users scan and pay via DuitNow QR.

### Is DuitNow QR free to use?

For customers, yes — there’s no charge to pay using DuitNow QR. Merchants may pay a small transaction fee, depending on their payment provider.

### Does DuitNow have a limit?

Yes, but it depends on your bank or e-wallet. Some support transaction limits up to RM50,000, while others may have lower caps. Check with your provider for exact limits.  

---

## Conclusion

DuitNow QR makes it easier and more affordable for online businesses in Malaysia to accept digital payments. With one QR code, you unlock payments from nearly every bank and e-wallet your customers use.

And when you connect DuitNow QR to a provider like Billplz, you’re not just simplifying payments, you’re streamlining operations. 

From MYR-based settlement to instant confirmation and full dashboard tracking, Billplz helps you accept payments the way your customers expect.

Set up your DuitNow QR payments today with [**Billplz**](https://main.billplz.com/pricing) and start collecting from Malaysian customers faster, cheaper, and smarter.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Learn how DuitNow QR works and why it's ideal for online businesses in Malaysia. Accept bank and e-wallet payments easily with Billplz integration.

Jom DuitNow with Billplz: Solutions for Online Businesses

**Key takeaways:**

*   A payment link is a secure URL or QR code that lets customers pay without a website or POS system.
*   It works well for Malaysian businesses collecting payments via WhatsApp, Instagram, email, or SMS.
*   Top features to look for include local method support, branding options, security, and real-time reporting.
*   Payment links help improve cash flow and reduce reliance on physical infrastructure or complex eCommerce setups.
*   Most providers charge per transaction with no monthly fees — ideal for SMEs and seasonal sellers.
*   Billplz supports both no-code and API-based payment links, with trusted local options like FPX, DuitNow QR, and e-wallets.

## Introduction

For many Malaysian businesses, getting paid is as simple as sending a link. A payment link is a secure URL that allows customers to make a payment instantly, without needing a website, checkout, or [POS system](https://main.billplz.com/blog/insights/pos-system-malaysia-guide).  
   
From social sellers to NGOs, more businesses are turning to payment links to accept FPX, DuitNow QR, and e-wallet payments through WhatsApp, Instagram, or email. 

In this guide, we’ll walk through how payment links work, why they matter, and how Billplz helps businesses use them with ease.

## **What is a payment link, and how does it work?**

A payment link is a unique URL or QR code that directs customers to a secure, hosted checkout page. Once opened, the customer can review the payment details and pay using their preferred method—typically FPX, DuitNow QR, or e-wallets in Malaysia.

The process is simple: the business creates a link with a specific amount and purpose, shares it via messaging apps or email, and the customer completes the payment. The transaction status is updated in real time and tracked through the provider’s dashboard.

### Payment link vs payment gateway

A payment link is a fast, shareable way to get paid,  often used by social sellers, freelancers, or businesses without a website. You simply generate a link and send it via WhatsApp, email, or Instagram. The customer clicks, pays, and you're done.

A payment gateway, on the other hand, is the full backend system that powers payments on websites and mobile apps. It requires technical integration and is typically used by larger businesses with custom checkouts or shopping carts.

Think of it this way:

*   Payment link = No-code, fast, plug-and-play. Great for direct messaging and quick collections.
*   Payment gateway = Developer-friendly, integrated into your platform or store. Better for high-volume or automated flows.

Whichever path you choose, make sure it supports local methods like FPX, DuitNow QR, and e-wallets, and offers transparent pricing with fast settlement.

_For more information on payment getaways, read:_ 

*   [_Toyyibpay vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)
*   [_Billplz vs Curlec: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [_Billplz vs Stripe: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [_Senangpay vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)

## Key features and best practices to look for in payment link solutions

If you're a Malaysian business planning to collect payments online, here’s what to look for in a solution that’s both reliable and ready to scale:

*   **Local payment support**: Accept payments via FPX, DuitNow QR, and e-wallets like GrabPay, Boost, and Touch ’n Go. All are essential for Malaysian customers.  
    Branding and customisation: Create branded checkout pages and personalised URLs to build trust and maintain consistency with your business identity.
*   **Link management tools**: Set expiry dates, control link access, and receive notifications when payments are completed,  all from a central dashboard.
*   **Real-time reporting**: Monitor transactions with clear summaries of customer details, payment status, and collection trends.
*   **Security and compliance**: Ensure the solution is PCI DSS compliant and uses SSL encryption to keep customer data safe and secure.
*   **Developer-ready integration**: For businesses with custom systems, API access allows dynamic payment link creation and seamless billing workflows.

## Why do businesses in Malaysia need a payment link?

As more Malaysians shop, book services, and donate through their phones, businesses are moving toward mobile-first payment experiences. But not every business has a full eCommerce setup, and not every customer wants to check out through a complex site.

Payment links solve this gap. They let you collect payments through the platforms your customers already use. Whether you're sending an invoice or confirming an order, a secure link helps you get paid faster without the need for a website or POS system.

For many businesses, this also means better cash flow, easier tracking, and fewer manual steps. With real-time dashboards and automated notifications, payment links offer a simple yet powerful way to manage payments day to day.

### What payment methods are supported by payment links in Malaysia?

Most payment link providers in Malaysia support [FPX](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide) and DuitNow QR as standard. Many also offer additional options like e-wallets such as GrabPay, Boost, and Touch 'n Go, along with [Buy Now Pay Later (BNPL) services](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz).

Providing multiple local payment methods gives customers more flexibility to pay using what they already trust. This helps improve the payment experience and encourages faster completion.

## How can Malaysian businesses create a payment link?

![A step-by-step process for creating payment links](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_f9d80630d7.webp)

Getting started with payment links is simple. Here’s a step-by-step guide for local businesses:

**Step 1: Choose a payment link provider**  
Select a provider that supports Malaysian payment methods like FPX and DuitNow QR. Look for transparent pricing, local settlement, and tools that match your business needs.

**Step 2: Set up your payment details**  
Enter the payment amount, item or service description, and optionally set an expiry date for the link.

**Step 3: Share the payment link**  
Send the link directly to customers through WhatsApp, Instagram, email, or SMS. No website or checkout page is required.

**Step 4: Monitor incoming payments**  
Use the provider’s dashboard to track who has paid, how much, and when. Some systems offer real-time updates.

**Step 5: Settle funds to your bank account**  
Once payments are received, funds are typically settled to your Malaysian bank account by the next business day.

This setup works well for SMEs, service providers, NGOs, and any business that values fast, secure collections without heavy infrastructure.

## **How to use payment links for your business?**

From social sellers to service providers, payment links offer a simple way to collect payments, no website or app needed. Here’s how businesses in Malaysia are using them every day:

*   **Social sellers**: Accept orders directly through Instagram DMs, WhatsApp chats, or Facebook messages without needing a website.
*   **Service providers**: Tutors, freelancers, and consultants can send secure payment links to clients after delivering their services.
*   **Retailers and F&B outlets**: Use payment links for online pre-orders, seasonal promotions, or limited-time offers, especially during peak sales periods.
*   **NGOs and community groups**: Collect donations during fundraising drives, event registrations, or monthly contribution campaigns with simple links.

## Payment link fees and cost considerations in Malaysia

Payment link providers typically charge a flat fee or a small percentage per transaction, often with no monthly charges, making them a good fit for small or seasonal businesses.

But price isn’t the only factor. It’s worth looking at how fast payments are settled, whether local options like FPX, DuitNow QR, or e-wallets are supported, and how transparent the fee structure is.

[Billplz](https://main.billplz.com/) offers MYR-based pricing with no hidden charges, supporting a full range of local payment methods. It’s a practical way to manage costs while keeping the checkout experience simple and familiar for your customers.

## How can Billplz help you accept payments with a link?

Billplz offers two flexible ways to create secure, trackable payment links, designed to suit businesses at any stage, from individual sellers to platforms with custom billing systems.

The payment form is the easiest way to start. You can create a branded payment page without any coding and share it through WhatsApp, Instagram, or email. Customers pay using familiar local methods like FPX, DuitNow QR, and major e-wallets. It's ideal for service providers, social sellers, NGOs, or any business that doesn't need a full website.

A direct payment gateway is built for developers and platforms that want more control. It lets you generate payment links dynamically via API and redirect customers directly to the payment screen, skipping the hosted form. This option works well for businesses with their own frontend or automated invoicing.

Both methods come with real-time tracking, local bank settlements, and compliance with Malaysian security standards.  

---

## FAQ

### How to receive money through a payment link?

Choose a trusted provider, set up your payment details like amount and description, then generate the link. Share it via WhatsApp, email, or any channel you use. Once the customer pays, you'll see the update in your dashboard, and the funds will settle into your bank account shortly after.

### How to know if a payment link is safe?

Check for HTTPS URLs, trusted providers, and official payment pages. Providers like Billplz comply with PCI DSS and use encryption.

### Are payment links free?

Creating a payment link is usually free. Transaction fees apply when a payment is completed. These vary by provider and payment method.

### Can I create my own payment gateway?

Building a custom payment gateway requires significant technical resources, ongoing maintenance, and regulatory approvals. For most businesses, it’s simpler and more cost-effective to use a reliable provider like Billplz, which already meets local compliance standards.

### Is payment by link safe?

Yes, as long as a secure and verified platform issues the link. Look for encryption, PCI DSS compliance, and SSL protection. These are standard practices for most Malaysian payment providers.

### Are payment links cheaper than traditional payment gateways?

For many small businesses and occasional sellers, payment links can be more affordable. They often come with lower upfront costs and no monthly fees, but it's still important to compare transaction rates and available features.

### Can I send a payment link via WhatsApp or Instagram?

Absolutely. This is one of the most popular ways to use payment links in Malaysia, especially for social sellers and service providers. You can drop the link directly into chats, DMs, or captions for quick payments.  

---

## Conclusion

For many Malaysian businesses, collecting payments should be simple, secure, and accessible,  even without a website or POS system. Payment links offer exactly that.

Whether you’re a social seller, NGO, freelancer, or service provider, payment links give you the flexibility to receive payments through channels your customers already use, from WhatsApp to email.

Billplz supports this with local-first solutions, along with real-time tracking, MYR settlement, and secure infrastructure. It's a practical way to streamline how you collect payments while meeting the expectations of local buyers.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

**Explore the** [**Billplz payment form**](https://catalog.billplz.com/payment-form) **to simplify your collection process and offer trusted, local payment experiences.**

Accept payments via WhatsApp, Instagram, or email. Learn how payment links work and how Billplz helps Malaysian businesses get paid easily.

Payment link: What is it, how to create & use it for your business

**Key takeaways:**

*   Billplz is better suited for SMEs looking for cost-effective, local-first payment solutions with simple setup and faster payout (T+1 FPX or real-time via DuitNow).
*   Curlec offers stronger tools for recurring billing and is ideal for SaaS, NGOs, and education platforms managing complex subscriptions and direct debits.
*   Billplz offers flat, transparent pricing starting from RM0.70 per transaction, making it easier for local businesses to forecast costs.
*   Curlec charges percentage-based fees and has an onboarding cost, which may suit businesses with larger average transaction values.
*   Billplz supports Malaysia’s key payment methods (FPX, DuitNow, e-wallets, BNPL) and integrates easily with Shopify, WooCommerce, and more.
*   For most local-first Malaysian businesses, Billplz delivers a simpler, faster, and more scalable solution without the overhead.

## Introduction

Payment gateways are essential for Malaysian businesses, especially SMEs, eCommerce brands, and businesses with subscription models. They directly affect how fast you get paid, what fees you incur, and how simple it is to scale operations.

In this guide, we compare two strong local solutions: Billplz and Curlec. While Billplz is known for its low-cost, fast-settlement approach, Curlec (now part of Razorpay) offers a more tech-forward platform focused on recurring payments. 

Let’s break down their key differences to help you decide.

## Overview of both platforms

### What is Billplz?

[Billplz](https://main.billplz.com/) is built for Malaysian SMEs, startups, and NGOs that need affordable, efficient ways to collect payments. It focuses on FPX (online banking), real-time transfers, and bulk payouts, making it ideal for local-first businesses.

### What is Curlec?

[Curlec](https://curlec.com/), now part of Razorpay, is a Malaysian payment gateway with strong support for recurring billing. It’s built for eCommerce businesses and subscription-first models that need automation, a polished checkout experience, and support for direct debit. 

While powerful, Curlec may require more technical setup.

## What are the key differences between Billplz and Curlec?

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Billplz</strong></td><td><strong>Curlec</strong></td></tr><tr><td><strong>Target Users</strong></td><td>Malaysian startups, SMEs, NGOs, and growing teams looking for simple, affordable payments.</td><td>Businesses with advanced billing needs, recurring revenue, or custom-branded checkout flows.</td></tr><tr><td><strong>Transaction Fees</strong></td><td>Flat, transparent fees from RM0.70 per FPX transaction, depending on plan.</td><td>Percentage-based fees for FPX and e-wallets; varies by method and use case.</td></tr><tr><td><strong>Setup / Onboarding</strong></td><td>Quick and easy onboarding with a free Basic plan. No upfront fees required.</td><td>A setup fee applies, with more steps for access to subscription tools.</td></tr><tr><td><strong>Payment Methods</strong></td><td>Supports FPX (core), e-wallets, cards, BNPL</td><td>Offers FPX, cards, direct debit, BNPL, and recurring bank debits.</td></tr><tr><td><strong>Recurring Billing</strong></td><td>Supported via API and plugins. Great for simple subscriptions.</td><td>Built-in subscription engine with flexible models, automated retries, and lifecycle tools.</td></tr><tr><td><strong>Integrations &amp; Tools</strong></td><td>Developer-friendly API, plugins, multi-user dashboards, webhooks, and payment links.</td><td>Strong dev tools, dashboard, and compliance modules.</td></tr><tr><td><strong>Local Fit &amp; Support</strong></td><td>Malaysian-first focus with local support and cash flow–friendly payout cycles.</td><td>Operates in Malaysia with Razorpay’s global tech stack behind it.</td></tr></tbody></table>

### Billplz vs Curlec: Fee comparison

Billplz offers cost-efficiency with flat-rate FPX fees starting from RM0.70, especially suited for smaller transactions. Its Free plan allows many businesses to get started without setup fees.

Curlec has a broader fee structure to cover direct debit, recurring billing, and other services. While transparent, its percentage-based fees and RM500 setup cost may be more suited to businesses with larger ARPU or recurring models.

_Read more on_ [_Billplz pricing_](https://main.billplz.com/pricing) _here!_

### Payment features & local fit

Billplz covers Malaysia's most-used payment options: FPX, DuitNow, major e-wallets, BNPL, and card payments. It’s optimised for real-time FPX and local integration with a simple next-day settlement.

Curlec supports FPX, debit and credit cards, e-wallets, and BNPL. Some of its products also include Shariah-compliant features. Its direct debit and recurring tools are key strengths.

### Subscription & recurring billing

Billplz supports recurring collections through its API and plugins, making it a solid fit for SMEs with straightforward subscription models. It integrates with platforms like WooCommerce, EasyStore, and others, giving businesses flexibility in how they manage recurring payments.

Curlec is subscription-focused, offering advanced billing models (fixed, usage-based), automated retries, and end-to-end subscription lifecycle tools. Ideal for gyms, SaaS, and education platforms.

### Integrations & support

Billplz integrates smoothly with platforms like WooCommerce, Shopify, and more. It also supports invoicing, split payments, team dashboards, and pre-built plugins for over 30 local platforms. 

Developers can tap into REST APIs and real-time webhook notifications to streamline operations and stay in sync.

Curlec provides API-first access, dashboards for monitoring real-time payment activity, and pre-built features for Islamic-compliant collections.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

### Security, compliance & reliability

Billplz is built for Malaysian businesses from the ground up. It complies with local banking regulations and is PCI DSS certified, so your transactions stay protected with bank-level security. Its infrastructure is designed to be reliable, secure, and well-suited for the daily demands of SMEs and online sellers.

Curlec benefits from Razorpay’s global infrastructure, offering strong uptime, robust encryption, and compliance with international standards. 

While both platforms are secure, Billplz’s local-first compliance and alignment with Malaysian systems give it a practical edge for businesses focused on operating within Malaysia.

### Settlement & payout

Billplz provides next-business-day (T+1) settlements for FPX, helping businesses maintain steady cash flow and better financial visibility. Enterprise users can also access real-time payouts through DuitNow Transfer, making it easier to manage disbursements or supplier payments without delays. 

Its predictable schedule gives SMEs more control over daily operations and expenses.

Curlec typically settles payments within T+2 business days. While the process takes slightly longer, it’s designed for automation, especially for recurring payments and direct debit models.

## Billplz vs Curlec: Which suits subscriptions better for Malaysian businesses?

If your business is built on recurring revenue, choosing the right payment gateway for subscriptions can make all the difference.

![Billplz vs. Curlec for Malaysian Subscriptions](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_8e671f0760.webp)

##### Choose Billplz if:

*   You want fast onboarding with minimal setup and lower upfront cost.
*   Your subscription model is straightforward and works well with tools like WooCommerce and API integrations.
*   You rely on next-day settlement to maintain a healthy cash flow.
*   You need an easily scalable payment system that grows with your business, without complicated processes or additional fees.

##### Choose Curlec if:

*   You manage more complex subscription plans, such as direct debit or tiered recurring billing.
*   You need automation features like smart retry logic and billing cycle control.
*   You're running a SaaS, NGO, or education platform where recurring revenue is central.

Billplz is a strong fit for most Malaysian SMEs with simple recurring needs and local-first growth goals. If your business is built around subscriptions and needs a more advanced billing engine, Curlec brings more control, but often with more setup and cost.

### How does Billplz help Malaysian businesses scale?

Billplz is built to grow with you, from your first few customers to full-scale operations. Its local-first approach, combined with developer tools and transparent pricing, gives Malaysian businesses the flexibility to scale without getting overwhelmed.

*   **Transparent, predictable pricing**: No setup or monthly fees on the Basic plan, just straightforward transaction rates that scale with your business.
*   **Fast setup and payouts**: Get started quickly and receive FPX payments as early as the next business day, helping you keep cash flow healthy. _Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)_._
*   **Local payment methods that convert**: Accept FPX, cards, and major e-wallets like TNG, Boost, and GrabPay — all optimised for Malaysian customers.
*   **Built-in scalability tools**: Integrate easily using ready-made plugins for Shopify, WooCommerce, and EasyStore, or tap into Billplz’s robust API and webhooks.
*   **Real-time sync with webhooks**: Keep your systems updated with instant notifications. This is perfect for growing teams and automated workflows.

Billplz gives you everything you need to scale with control, clarity, and confidence, without the complexity.

_Also read:_ [_BNPL Malaysia & Billplz: Our integrations, comparisons & offerings_](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz)_._

---

## FAQ

### Which payment gateway is better for recurring billing?

Curlec is built around subscriptions. Billplz supports recurring billing via API and plugins, ideal for simpler models.

### Are Billplz and Curlec suitable for small businesses?

Yes. Billplz is especially SME-friendly with low entry costs and fast setup. Curlec suits businesses with more complex billing needs.

### How do they compare in fees?

Billplz offers flat, transparent pricing from as low as RM0.70 per FPX transaction. Curlec uses a percentage-based model, which may vary by use case.

### Does Curlec support Islamic finance?

Yes. Curlec includes Shariah-compliant features tailored for NGOs and ethical finance use cases.

### Which one has faster payouts?

Billplz offers next-business-day (T+1) FPX settlements and real-time payouts via DuitNow. Curlec typically settles in T+2.

### Can they integrate with eCommerce?

Yes. Both Billplz and Curlec support Shopify, WooCommerce, and custom integrations via API.   
_Also read:_ [_Shopify vs WooCommerce (WordPress): An updated, comprehensive comparison_](https://main.billplz.com/blog/insights/shopify-vs-woocommerce-comparison)_._

### Is Curlec better for subscriptions?

It’s stronger for advanced subscription models. Billplz works well for SMEs with simpler recurring setups and faster payouts.

---

## Conclusion

Both Billplz and Curlec are trusted Malaysian payment solutions. Your decision depends on your needs.  
Billplz is the go-to for SMEs looking for cost-efficiency, local focus, and fast payouts. Curlec, on the other hand, is best for businesses managing subscriptions, complex billing, and needing automation.

If fast setup, local support, and clear pricing sound like your kind of fit, [Billplz](https://main.billplz.com/) is ready to support your next stage of growth.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._  

For more information about Billplz, read:

*   [SenangPay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)
*   [iPay88 vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [Billplz vs Stripe: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [Toyyibpay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)

Compare Billplz and Curlec to find the right payment gateway for your Malaysian business. Discover differences in pricing, features, billing, payout speed & more.


Billplz vs Curlec: Which payment gateway should you choose?

**Key Takeaways**

*   Billplz offers a local-first setup that’s easy to start, cost-efficient, and tailored to Malaysian SMEs, NGOs, and online sellers.
*   Stripe excels in international capabilities, supporting multi-currency, global cards, and advanced developer tools.
*   Billplz supports key Malaysian payment methods like FPX, DuitNow QR, and local e-wallets—giving customers flexible options.
*   Stripe provides deeper customisation for global merchants but has slower onboarding and higher fees for local transactions.
*   Payout speed is faster with Billplz, offering next-business-day or real-time settlements via DuitNow for Enterprise users.
*   For businesses focused on growing within Malaysia, Billplz provides a simpler, faster, and more transparent way to scale.

## Introduction

Choosing the right payment gateway is crucial for Malaysian SMEs, startups, and online sellers. It impacts how fast you get paid, what fees you incur, and how easily your business can grow.

Two popular options stand out:

*   **Billplz**: A Malaysian-first payment gateway built for local needs, fast payouts, and low-cost integration.
*   **Stripe**: A global payment processor with strong developer tools and support for international expansion.

This guide compares features, pricing, supported methods, and more to help you decide which fits your business better.

## Overview of both platforms

### What is Billplz?

[Billplz](https://main.billplz.com/) is a local payment gateway designed for Malaysian SMEs, startups, NGOs, and social sellers. It's known for simple onboarding, low fees, and full support for local payment methods like FPX, DuitNow QR, and popular e-wallets. 

If your business is focused on growth within Malaysia and wants a low-barrier, high-reward payment solution, Billplz fits the bill.

### What is Stripe?

[Stripe](https://stripe.com/en-my) is a global payment processor that excels in flexibility, developer-friendliness, and international coverage. With built-in tools for subscriptions, multi-currency handling, and custom integrations, it caters to businesses aiming for regional or global scale.

## Key comparison table: Billplz vs Stripe

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Billplz</strong></td><td><strong>Stripe</strong></td></tr><tr><td><strong>Target Users</strong></td><td>Designed for Malaysian SMEs, startups, and local-first businesses.</td><td>Built for global businesses, high-volume operations, and developer teams.</td></tr><tr><td><strong>Payment Methods</strong></td><td>Supports FPX, DuitNow, major e-wallets, cards, and BNPL options.</td><td>Offers cards, FPX (in Malaysia), Apple/Google Pay, wallets, ACH, and more.</td></tr><tr><td><strong>Setup Cost</strong></td><td>Free to start with no setup or annual fees under the Basic plan.</td><td>No setup fees, but onboarding for local features may involve more steps.</td></tr><tr><td><strong>Transaction Fees</strong></td><td>Flat FPX fee from RM0.70 to RM1.10; predictable for local payments.</td><td>Typically ~3% + fixed fee per transaction; varies by payment method.</td></tr><tr><td><strong>Payout Speed</strong></td><td>Next business day (T+1) for FPX; real-time payouts via DuitNow for Enterprise.</td><td>Standard payouts in 3–7 days; Instant Payouts available in some regions.</td></tr><tr><td><strong>Multi-Currency</strong></td><td>Primarily supports MYR for Malaysian transactions.</td><td>Strong multi-currency capabilities for global sales.</td></tr><tr><td><strong>Integrations &amp; Tools</strong></td><td>API access, webhooks, and plugins for Shopify, WooCommerce, and EasyStore.</td><td>Advanced API, recurring billing, fraud tools, and wide platform support.</td></tr><tr><td><strong>Support</strong></td><td>Local Malaysian support with faster, market-specific assistance.</td><td>24/7 global support; local experience may vary depending on region.</td></tr></tbody></table>

### Fees & pricing

Billplz keeps pricing simple. The basic plan is free, and FPX payments cost RM0.70–RM1.10, depending on the plan. E-wallet and card payments are typically available at around 1.0% to 1.1%. The paid Standard Plan is RM999/year (excl. SST).

Stripe uses a percentage-based model. Fees are around 3% + a fixed fee for most transactions. There are no setup or monthly fees, but international and multi-currency transactions cost more.

If your business is focused on local MYR payments, Billplz offers clearer value and easier cost control. It is ideal for Malaysian SMEs looking to scale without pricing surprises.

_Read more on_ [_Billplz pricing_](https://main.billplz.com/pricing) _here!_

### Payment methods supported

Billplz supports [FPX](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide), DuitNow QR, major e-wallets (TNG, GrabPay, ShopeePay), [BNPL](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz), and local card payments via partners. It’s built for local usage.

Stripe supports credit/debit cards globally, Apple Pay, Google Pay, ACH, and supports FPX in Malaysia. It offers multi-currency and a growing list of local options, but with added complexity.

### Features & integrations

Billplz offers practical tools designed for fast-growing local businesses. You get auto-invoicing, payment links, and recurring billing features out of the box. It integrates easily with platforms like Shopify, WooCommerce, and EasyStore. 

Developers can tap into its clean API and webhooks, while finance teams benefit from team dashboards, split payments, and real-time payouts via DuitNow.

Stripe, on the other hand, is built for flexibility at scale. It supports advanced use cases like global subscriptions, fraud prevention, and highly custom checkout flows. 

Its developer ecosystem is one of the most mature in the industry, making it a favourite for complex integrations and international setups.

If your focus is local growth with plug-and-play ease, Billplz gets you up and running quickly. For more advanced, multi-market requirements, Stripe provides broader tools with a steeper setup curve.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

_Also read:_ [_Shopify vs WooCommerce (WordPress): An updated, comprehensive comparison_](https://main.billplz.com/blog/insights/shopify-vs-woocommerce-comparison)

### Billplz vs Stripe: Payout speed

Billplz settles FPX payments as early as the next business day, making it ideal for local businesses that rely on steady cash flow. For even faster access, enterprise users can use DuitNow Transfer to receive real-time payouts.

Stripe, on the other hand, typically takes between 3 to 7 days for standard payouts. The first payout can take even longer, up to 7 to 14 days, especially for new accounts going through the verification process. 

While Stripe does offer Instant Payouts, availability is limited by country and comes with an extra fee.

### Customer support & local presence

Billplz provides Malaysian-based support, offering quick and localised assistance that fits the needs of SMEs and growing businesses. The team understands local payment contexts, making troubleshooting and setup smoother for Malaysian users.

Stripe offers 24/7 global support along with extensive documentation and an active developer community. However, its local presence and on-ground responsiveness in Malaysia can vary.

For businesses that value direct, local support and faster resolution, Billplz provides a more hands-on experience.

## Which payment gateway is best in Malaysia?

![Compare payment gateway for your business needs](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_1_5c1850e340.webp)

##### Choose Billplz if:

*   You're a Malaysian SME, NGO, or online seller.
*   You want transparent pricing and local payment coverage.
*   You need fast onboarding and predictable cash flow.

##### Choose Stripe if:

*   You're expanding globally or handling international customers.
*   You need multi-currency support and deep integration options.
*   You’re building complex, custom payment flows.

Billplz is a better fit if you're focused on growing locally. It simplifies payments, keeps costs low, and supports your business as it scales. With local methods like FPX and DuitNow, plus fast onboarding and transparent pricing, it’s a practical choice for Malaysian SMEs.

## How scalable is Billplz?

Billplz is built to support Malaysian businesses as they grow, from first transactions to full-scale operations. It offers:

*   **Transparent pricing**: No setup or monthly fees. Just straightforward, per-transaction costs.
*   **Fast onboarding**: Accept FPX payments in just a few days. _Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide).
*   **Built-in tools**: Access to invoicing, bulk disbursements, webhooks, and developer-friendly APIs.
*   **Easy integrations**: Works seamlessly with WooCommerce, Shopify, and more.
*   **Local-first foundation**: Designed for Malaysian banks, MYR settlements, and compliance needs.

Whether you’re running an online store, NGO, or SME, Billplz gives you the flexibility, control, and cost-efficiency to scale with confidence.

---

## FAQ

### Is Billplz safe to use?

Yes. Billplz complies with Malaysian financial regulations and is trusted by thousands of SMEs, NGOs, and digital platforms across the country.

### Is Stripe allowed in Malaysia?

Yes. Stripe supports Malaysian businesses and enables FPX, card payments, and more once local verification is complete.

### Is Billplz free to start?

Yes. The Basic plan has no setup or annual fee. You pay per transaction.

### Which has better payout speed?

Billplz offers faster FPX and real-time DuitNow payouts. Stripe is slower unless you opt for Instant Payouts.

### Does Billplz support local e-wallets better than Stripe?

Yes. Billplz integrates directly with Malaysian wallets like GrabPay and TNG.

### Which gateway is easier to integrate?

Billplz is simpler for local platforms. Stripe offers deeper customisation for global tools.

### Are there hidden fees?

Billplz has no hidden setup or annual fees in the Basic plan. Stripe is transparent but may incur higher costs for international or card-based transactions.

---

## Conclusion

Billplz and Stripe both offer reliable ways to collect payments online, but they serve different needs. Billplz is a strong fit for Malaysian SMEs that want fast setup, low fees, and seamless support for local payment methods.

Stripe suits businesses operating at a global scale with more complex infrastructure and multi-currency needs. 

For most brands focused on the Malaysian market, [Billplz](https://main.billplz.com/) delivers better cash flow, simpler integration, and a clearer path to growth.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

For more information about Billplz, read:

*   [SenangPay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)
*   [Billplz vs Curlec: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)
*   [iPay88 vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [Toyyibpay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)

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Compare Billplz and Stripe for Malaysian businesses. Discover which payment gateway offers better pricing, payout speed, and local integration for your growth.


Billplz vs Stripe: Which payment gateway should you choose?

**Key takeaways:**

*   Billplz offers a faster, lower-cost entry point for Malaysian SMEs and startups, with no setup or annual fees in its basic plan.
*   iPay88 provides broader payment options (including multi-currency and BNPL) suited for larger or regionally expanding businesses.
*   Billplz supports scalability with features like FPX real-time settlement, APIs, and integrations with Shopify, WooCommerce, and EasyStore.
*   iPay88 excels in complex infrastructure, offering advanced features like fraud tools, subscription billing, and cross-border support.
*   For businesses focused on local growth, Billplz’s transparent pricing, ease of setup, and Malaysian-first support offer strong long-term value.
*   Choosing the right gateway depends on your priorities. Go with Billplz for simplicity and local scale.

## Introduction

Payment gateways play a crucial role for SMEs, startups, and online sellers in Malaysia. They don’t just move money; they support business growth, impact customer trust, and affect operational flow.

Two well-known names in Malaysia are iPay88 and Billplz:

*   **iPay88**: A veteran provider with comprehensive payment support and infrastructure for high-volume merchants.  
*   **Billplz**: A newer platform focused on local businesses, transparency, and scale-readiness.

This guide compares both solutions across fees, features, integrations, and scalability to help you choose the better fit.

## Overview of both platforms

### What is Billplz?

[Billplz](https://main.billplz.com/) is a homegrown payment gateway built for Malaysian businesses of all sizes. Billplz focuses on FPX as its core service, which keeps things simple and cost-effective.   

You can also add on e-wallets and card payments through partners. It’s built to help growing businesses manage payments smoothly while staying in control as things scale up.

### What is iPay88?

[iPay88](https://www.ipay88.com/) launched in 2006 and quickly became a major player in Malaysia and Southeast Asia. It supports a wide range of payment options, including credit and debit cards, e-wallets, Buy Now Pay Later (BNPL), and multi-currency processing.

Built for volume and expansion, it is often used by larger merchants or businesses looking to sell across borders.

## Key comparison table: Billplz vs iPay88

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Billplz</strong></td><td><strong>iPay88</strong></td></tr><tr><td><strong>Target Users</strong></td><td>Designed for startups and SMEs that want a fast, straightforward setup with low entry costs.</td><td>Suited for mid to large businesses expanding regionally or managing complex operations.</td></tr><tr><td><strong>Payment Methods</strong></td><td>Focuses on FPX as its core service, with cards, e-wallets, and BNPL available.</td><td>Supports FPX, cards, e-wallets, BNPL, and multi-currency transactions for wider regional coverage.</td></tr><tr><td><strong>Pricing / Fees</strong></td><td>Flat FPX rates with no setup or annual fees in the basic plan.</td><td>Setup and annual fees apply, with percentage-based charges that vary by volume and payment type.</td></tr><tr><td><strong>Settlement Time</strong></td><td>FPX payments settle the next business day, with real-time options for enterprise users.</td><td>Settlement time varies and may take longer depending on payment method and volume.</td></tr><tr><td><strong>Features &amp; Integrations</strong></td><td>Includes API, webhooks, team dashboards, and plugins.</td><td>Offers subscriptions, analytics, fraud management, and multi-channel support.</td></tr><tr><td><strong>Scalability</strong></td><td>Scales easily for SMEs, providing flexible tools for automation and growth.</td><td>Built for high-volume, multi-currency, and cross-border transactions.</td></tr><tr><td><strong>Support &amp; Ecosystem</strong></td><td>Provides local support and a transparent onboarding process tailored to Malaysian businesses.</td><td>Backed by a long-standing reputation and a broad network of regional merchants.</td></tr></tbody></table>

### Fees & pricing

Billplz offers a simple, transparent structure. The basic plan has no setup or annual fees, and FPX transactions are charged at a flat rate between RM0.70 and RM1.10. 

Card and e-wallet payments are available through partners, typically at around 1.0% to 1.1%. For businesses that need more features, the Standard plan costs RM999 per year (excluding SST).

iPay88 follows a more traditional pricing model. The SME plan includes a setup fee of around RM527 and an annual maintenance fee of RM540. Online banking transactions are charged 2.7% or RM0.60, whichever is higher. Card payments are also 2.7%, while e-wallet transactions average around 1.5%.

For smaller businesses or startups processing moderate volumes, Billplz tends to offer a more cost-efficient entry point. It’s easier to start with and keeps ongoing costs predictable.

_Read more on_ [_Billplz pricing_](https://main.billplz.com/pricing) _here!_

### Payment methods

Billplz supports FPX as its core, with optional add-ons for cards, DuitNow QR, and major e-wallets. It works well across online stores, invoices, and payment links.

iPay88 offers more variety, like FPX, cards (local and international), e-wallets, BNPL, and multi-currency support. This is great if you need flexibility or plan to sell regionally.

For businesses focused on Malaysia, Billplz keeps things simple and efficient. If you're looking for broader coverage and more payment options, iPay88 offers a greater variety. 

Ultimately, the right choice depends on whether you value straightforward local support or need the flexibility to serve wider markets.

### Features & integrations

Billplz comes with API access, webhooks, multi-user dashboards, and split payments. It also integrates easily with Shopify, WooCommerce, EasyStore, and more.

iPay88 offers advanced tools like subscriptions, fraud detection, multi-currency, and deeper analytics.

If you need to scale quickly and prefer automation, Billplz offers essential tools without the overhead. For businesses needing deep feature customisation, iPay88 may suit better.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

### Reliability, scalability & support

Billplz settles FPX payments by the next business day, with real-time payout available for enterprise users. It’s built for high-volume FPX transactions and offers a stable, local-first infrastructure that works well for growing Malaysian SMEs.

iPay88 has served large merchants across Southeast Asia for over a decade. Its system supports high volumes, multi-currency, and cross-border payments.

Both platforms are reliable. If you're scaling regionally with complex needs, iPay88 is a strong fit. But for local growth with a simpler, more transparent setup, Billplz is the better match.

## Billplz vs iPay88: Which is right for your business?

![Billplz vs iPay88: Digital payment providers for Malaysian businesses](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_c7fe3b2a55.webp)

##### Choose Billplz if:

*   You're a startup, SME, NGO, or side business looking for a low-barrier entry into digital payments.
*   Your focus is mainly on local payments like FPX, DuitNow QR, and e-wallets, with a need for reliable, fast settlement.
*   You prefer flat pricing, simple setup, and tools that grow with you. This includes APIs, payment links, and eCommerce integrations like Shopify or WooCommerce.
*   You want better control over cash flow and the ability to scale without being locked into complex fee structures.
*   You want better control over cash flow and a payment system that scales easily without complex or costly fee structures.

##### Choose iPay88 if:

*   You're operating a large or high-volume eCommerce business with international ambitions.
*   You need to offer a broader set of payment methods, including multi-currency cards, BNPL, and a wider range of e-wallets.
*   You're ready to invest in advanced tools like fraud protection, subscription billing, and regional scalability.
*   You require deep customisation, complex settlement flows, or long-term infrastructure to support multiple markets.

Billplz is built for modern Malaysian businesses that want to grow without unnecessary complexity. Its local-first design, flat pricing, and fast setup make it especially suitable for SMEs, startups, NGOs, and online sellers looking for transparency, speed, and flexibility.

iPay88 remains a solid option for enterprises with international ambitions and complex payment needs. But for most local businesses aiming to scale efficiently, Billplz offers a clearer, more cost-effective path forward.

### How scalable is Billplz?

Billplz is designed to grow with your business. Here’s how it supports scalability at every stage:

*   Transparent pricing: No setup or annual fee for the basic plan, so you only pay per transaction.
*   Quick start: You can go live with FPX and start accepting payments within days, not weeks. _Read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)
*   Strong integrations: Supports Shopify, WooCommerce, EasyStore and offers REST APIs and webhooks for custom needs.
*   Growth tools built in: Features like split payments, multi‑user dashboards, and bulk disbursements (Payment Order API) help manage expanding operations.
*   Malaysian‑first focus: Designed for local regulations (MYR payments), local bank settlement flows, and a payment ecosystem suited to Malaysian businesses.

---

## FAQ

### Is iPay88 a reliable payment gateway?

Yes. iPay88 has been around since 2006 and is trusted by many large merchants across Malaysia and Southeast Asia.

### Which payment gateway is best in Malaysia?

It depends on your business needs. Billplz is ideal for SMEs and startups looking for fast setup, clear pricing, and local payment support. iPay88 is more suited for larger businesses with complex requirements and regional goals.

### How much does iPay88 charge?

iPay88 charges a setup fee (around RM527) and an annual maintenance fee (RM540). Transaction rates vary depending on the method — for example, cards are charged at 2.7%.

### Is Billplz free?

Yes. Billplz offers a free basic plan with no setup or annual fee. You only pay a flat fee per transaction, starting as low as RM0.70 for FPX.

### What payment methods does iPay88 support?

iPay88 supports FPX, local and international cards, major e-wallets (TNG, Boost, GrabPay), Buy Now Pay Later (BNPL) options, and multi-currency processing.

### What payment methods does Billplz support?

Billplz supports FPX as its core. Billplz also supports credit/debit cards, e-wallets (like GrabPay, Touch 'n Go, Boost, and ShopeePay), and Buy Now Pay Later (BNPL) services (such as Grab PayLater and Atome). 

### Can both integrate with WooCommerce or Shopify?

Yes. Both Billplz and iPay88 offer plugins and API options to connect with popular eCommerce platforms like WooCommerce and Shopify.

_Also read:_ [_Shopify vs WooCommerce (WordPress): An updated, comprehensive comparison_](https://main.billplz.com/blog/insights/shopify-vs-woocommerce-comparison)

---

## Conclusion

Billplz and iPay88 are both reliable payment gateways, but they serve different goals.

Billplz is ideal for businesses that prioritise fast setup, transparent pricing, and local payment methods. It offers scalable tools like FPX, payment links, API access, and eCommerce integrations. This makes it a practical choice for SMEs and startups focused on growing within Malaysia.

iPay88 suits larger businesses with complex needs such as multi-currency support, international cards, and advanced features for regional expansion.

If you're looking for a gateway that grows with your business while keeping things lean and local, [Billplz](https://main.billplz.com/) offers the clarity and flexibility to move forward with confidence.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._  

For more information about Billplz, read:

*   [SenangPay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)
*   [Billplz vs Stripe: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [Billplz vs Curlec: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [Toyyibpay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)

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Comparing Billplz and iPay88? Discover which Malaysian payment gateway fits your business from pricing and payment methods to features, integrations, and growth.


Billplz vs iPay88: Which payment gateway should you choose?

**Key takeaways**

*   SenangPay offers quick setup and broad payment method coverage, ideal for early-stage businesses and social sellers.
*   Billplz provides scalable infrastructure with full API access, multi-channel support, and transparent pricing, making it better suited for growth.
*   Billplz’s basic plan has no setup or annual fee, and offers lower flat FPX transaction rates starting from RM0.70.
*   SenangPay has a minimum settlement amount and higher transaction-based fees, especially for cards and BNPL.
*   Both platforms support major Malaysian payment methods, including FPX, cards, e-wallets, and BNPL options.
*   Billplz supports more advanced features like webhooks, split payments, and integration with Shopify/WooCommerce — useful for teams ready to automate.

## Introduction

Payment gateways are essential for Malaysian businesses of all sizes, including SMEs, NGOs, and online stores. They provide a secure, convenient way to accept digital payments, especially as Malaysia shifts toward cashless transactions.

Two popular local options are SenangPay and Billplz. Both support key local payment methods and serve a wide range of business types. However, they differ in their pricing models, scalability, and integration options.

This guide compares their features, fees, use cases, and support for growing businesses, helping you decide which fits your current needs and long-term plans.

## Overview of both platforms

### What is SenangPay?

[SenangPay](https://senangpay.com/) is a Malaysian payment gateway designed for small businesses. It supports FPX, cards, e-wallets, and BNPL options. Known for its quick setup, it works well for social sellers, startups, and micro-enterprises.

### What is Billplz?

[Billplz](https://main.billplz.com/) is a payment platform built for Malaysian businesses at different growth stages. It offers features such as invoice-to-payment links, FPX support, API integrations, and a free basic plan. 

Its strength lies in transparent pricing and channel flexibility, supporting both current needs and future growth.

## Key comparison table: SenangPay vs Billplz

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>SenangPay</strong></td><td><strong>Billplz</strong></td></tr><tr><td><strong>Target users</strong></td><td>Startups, micro-businesses, social sellers</td><td>Startups, SMEs, growing businesses</td></tr><tr><td><strong>Payment methods</strong></td><td>FPX, cards, e-wallets, BNPL</td><td>FPX, cards, e-wallets, DuitNow QR, BNPL</td></tr><tr><td><strong>Pricing/fees</strong></td><td>Annual fee from RM299; transaction fees vary by method</td><td>Basic plan has no setup or annual fee; flat FPX fee from RM0.70</td></tr><tr><td><strong>Settlement / payout time</strong></td><td>FPX: Next business day; others: twice weekly</td><td>FPX: Next business day; some real-time payouts available</td></tr><tr><td><strong>Features &amp; integrations</strong></td><td>Recurring payments, plugins, and basic analytics</td><td>API, team dashboard, split payments, recurring payments, webhooks</td></tr><tr><td><strong>Scalability/growth</strong></td><td>Enterprise plans available</td><td>Designed for scale with real-time FPX and SME features</td></tr><tr><td><strong>Support &amp; ecosystem</strong></td><td>24/7 customer support</td><td>Full support across plans, ecosystem for growing businesses</td></tr></tbody></table>

### Fees and pricing

SenangPay’s pricing starts from RM299 annually. FPX transactions are charged at RM1.00 or 1.5%, whichever is higher. Card fees are RM0.65 or 2.5%, and BNPL transactions average around 5.5%. The minimum settlement amount is RM100.

Billplz offers a basic plan with no setup or annual fees. FPX transactions are charged a flat rate, ranging from RM0.70 to RM1.10 per transaction. Card and e-wallet transactions are processed through partners, typically at 1.0% to 1.1%. 

The Standard plan is available at RM999 per year (excluding SST), with a low withdrawal minimum of RM0.01.

_Read more on_ [_Billplz pricing_](https://main.billplz.com/pricing) _here!_

### Payment methods

SenangPay supports FPX, cards, and a broad range of e-wallets, including Touch ’n Go, Boost, GrabPay, and ShopeePay. It also offers access to multiple BNPL providers, giving businesses flexibility in how they accept payments.

Billplz also covers a similarly comprehensive set of payment methods. This includes FPX, DuitNow QR, e-wallets, BNPL options, and card payments. 

These methods work across various channels like online stores, invoices, and payment links, so businesses can manage transactions in one place with less manual work.

### Features and integrations

SenangPay focuses on simplicity. It supports recurring billing, standard eCommerce plugins, and one-click payment links, which are especially useful for social sellers and micro-businesses.

Billplz is built for scale. It offers a wider suite of tools, including API access, webhooks, multi-user dashboards, and support for split payments. 

Businesses can also integrate Billplz with Shopify, WooCommerce, or custom platforms, allowing more automation and control as operations grow.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

### Reliability, scalability, and support

SenangPay settles FPX payments by the next business day. Cards and other methods typically settle twice a week. This setup suits businesses with predictable, lower-volume transactions.

Billplz also settles FPX payments by the next business day, with real-time payout options available for enterprise users. Its platform is built to support high-volume FPX flows and maintains a strong uptime record. 

For businesses expecting to grow, Billplz provides a stable, scalable infrastructure with room to evolve.

## Which payment gateway is better for small businesses in Malaysia: SenangPay or Billplz?

![Best payment gateway for Malaysian Business: Billplz or SenangPay](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_87c85dc5ce.webp)

**Choose SenangPay if:**

*   You run a small business, side hustle, or are just starting out.
*   You prefer a simple setup with essential features.
*   You mostly sell through social channels or have lower transaction volume.

**Choose Billplz if:**

*   You are a small business planning to scale or need better cash flow visibility.
*   You require more flexibility with payment channels and integrations.
*   You want infrastructure that supports growth without adding cost complexity.

While both platforms serve small businesses well, Billplz may be the more future-ready choice for teams planning to scale.

## How does Billplz support your growth?

Billplz helps businesses scale by offering clear, flat-fee pricing and tools that grow with your operations. You can get started quickly with FPX and local payment methods. 

As your business expands, you gain access to APIs, dashboard management, and plugin integrations with Shopify, WooCommerce, and more.

Features like multi-user access, recurring billing, and real-time FPX payouts help streamline workflows and improve operational efficiency. Whether you’re handling 50 or 5,000 transactions monthly, Billplz is structured to grow with you without adding unnecessary costs.

_Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)

---

## FAQ

### Does SenangPay require SSM registration to sign up?

Yes. SSM registration is generally required to activate a SenangPay merchant account.

### Which payment methods does Billplz support?

Billplz supports FPX, DuitNow, DuitNow QR, e-wallets (TNG, GrabPay, Boost), cards, and BNPL integrations.

### Can SenangPay integrate with WooCommerce or Shopify?

Yes, SenangPay provides plugins for both WooCommerce and Shopify.

### Can Billplz integrate with Shopify and WooCommerce Malaysia?

Yes. Billplz provides both plugin and API options for Shopify, WooCommerce, and custom setups.

### Which payment gateway has faster settlement for Malaysian merchants: SenangPay or Billplz?

Both offer next business day FPX settlement, but Billplz supports real-time payouts for enterprise merchants.

### Which payment gateway is better for growing an eCommerce business in Malaysia?

Billplz is more suitable for growing eCommerce businesses due to its API integrations, dashboard features, and scalable plans.

### What are the hidden fees, if any?

Billplz has no setup or annual fees in its basic plan. SenangPay includes annual fees and minimum settlement requirements depending on the package.

### Is Billplz suitable for NGOs/micro‑businesses?

Yes. Billplz offers a free basic plan with low per-transaction costs, making it suitable for NGOs, community groups, and small teams.

---

## Conclusion

Both Billplz and SenangPay are viable payment gateways for businesses in Malaysia.

SenangPay is ideal for small or early-stage businesses that need something simple and ready to go. 

Billplz, on the other hand, is a strong choice for businesses planning to scale, offering better control, integration flexibility, and transparent pricing.

Choosing the right gateway depends on your current stage and future plans. For businesses ready to grow with greater control and automation, Billplz provides a reliable path forward.

Explore how [Billplz](https://main.billplz.com/) supports Malaysian SMEs at every stage of growth. 

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

For more information about Billplz, read:

*   [iPay88 vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [Billplz vs Stripe: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [Billplz vs Curlec: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [Toyyibpay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/products/toyyibpay-billplz-payment-gateway-comparison)

Compare Billplz vs SenangPay on pricing, features, and support. Find out which Malaysian payment gateway fits your business needs best.


Senangpay vs Billplz: Which payment gateway should you choose?

**Key takeaways:** 

*   POS systems help businesses manage sales, inventory, and customer data in one place.
*   Choose a POS that supports Malaysian payment methods like FPX, DuitNow QR, e-wallets, and integrates with Billplz.
*   Different types of POS systems suit different needs, such as retail, cafes, restaurants, and mobile setups.
*   Important features include inventory tracking, payment options, CRM tools, cloud access, and offline mode.
*   Start by identifying your business type, payment needs, and integration requirements before comparing options.
*   Industry use cases show how POS systems improve efficiency across sectors like F&B, retail, and eCommerce.
*   Billplz works with POS providers to offer faster payments, lower fees, and a unified view of your transactions.

## Introduction

Managing payments, tracking inventory, and maintaining customer records used to be done separately. 

Today, Point-of-Sale (POS) systems bring all of that into one place. 

Whether you're running a kedai runcit, a retail outlet, or a fast-growing cafe, choosing the right POS system can simplify your operations and help your business scale.

Let’s understand what POS systems are, why they matter in the Malaysian context, how to evaluate one, and where Billplz fits into your payment ecosystem.

## What is a POS system, and how does it work?

A POS system is the technology businesses use to complete sales transactions. It typically includes:

*   **Hardware**: Terminal, receipt printer, barcode scanner, cash drawer.
*   **Software**: Interface for processing sales, updating inventory, and managing reports.

When a customer makes a purchase, the POS system records the sale, processes the payment, deducts inventory, and updates reports. 

Many modern POS systems in Malaysia now integrate directly with online payment gateways like Billplz, enabling unified payments via FPX, DuitNow QR, or e-wallets.

## Why do businesses in Malaysia need a POS system?

As Malaysia continues to move toward digitalisation and cashless transactions, POS systems offer several essential benefits:

*   **Real-time tracking**: Monitor sales and stock levels as they happen.
*   **Multiple payment support**: Accept [FPX](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide), e-wallets, credit cards, and QR payments.
*   **Simplified reporting**: Generate tax-ready sales and expense reports.
*   **Improved customer experience**: Speed up checkout and offer more payment options.

## Types of POS systems

![Which POS system should I choose for my business?](https://inspiring-reward-2db3274af5.media.strapiapp.com/Graphs_Article_1_cfdcc3be4f.webp)

Choosing the right POS setup starts with understanding the different types:

*   **Traditional POS**: Installed on-site using dedicated hardware. Common in large retail.
*   **Cloud-based POS**: Accessible through browsers or apps; suitable for businesses with online and offline operations.
*   **Mobile POS (mPOS)**: Tablet or smartphone-based systems; great for stalls, pop-ups, or food trucks.
*   **Self-service POS**: Kiosks and QR-based ordering; popular in cafes and quick-service restaurants.

## What are the key features to look for in a POS system?

From payments to inventory tracking, here’s what to look for in a POS system that fits your business.

*   **Payment integration**: Must support local methods like FPX, DuitNow QR, e-wallets, and Billplz.
*   _**Inventory management**_: Auto-deducts stock, notifies of low inventory.
*   **Reporting & analytics**: View sales trends, taxes, and performance in dashboards.
*   **Customer management (CRM)**: Loyalty programs and purchase history tracking.
*   **Multi-outlet support**: Centralised view across multiple branches.
*   **Cloud storage**: Access data anytime, anywhere.
*   **Offline mode**: Keep operations running even during internet outages.

## How to choose the right POS system for your business?

For Malaysian businesses, choosing a POS system means balancing features, cost, and local payment integration. Here’s a step-by-step approach to help you make a confident, practical decision:

*   **Step 1: Identify your business type**: The right features depend on what you do. Restaurants may need table management and kitchen displays, while retail stores often prioritise barcode scanning and inventory control.
*   **Step 2: Decide on your payment ecosystem**: Make sure the POS supports local payment methods like FPX, DuitNow QR, and major e-wallets. For seamless transactions, look for integration with trusted gateways.
*   **Step 3: Evaluate integration needs**: Consider what tools you already use. A good POS should connect easily with platforms like Shopify, WooCommerce, and your accounting software to streamline operations.
*   **Step 4: Compare costs**: Understand whether you're paying a one-time license or a monthly subscription. Don’t forget to factor in setup fees, future upgrades, and support services.
*   **Step 5: Consider scalability and after-sales support**: As your business grows, your POS should grow with you. Choose a provider that offers reliable after-sales support and flexibility to add more features or outlets over time.

## POS system examples and use cases by industry

### POS system for restaurants

Restaurants often require a full-service POS that can handle both front-of-house and kitchen operations.

*   Manage table reservations, kitchen orders, and bill splitting efficiently to reduce errors and wait times.
*   Integrate with QR ordering systems and food delivery platforms like GrabFood or Foodpanda, allowing customers to place orders directly from their smartphones.
*   Track menu items, customise modifiers (like “no onions”), and coordinate between the service floor and the kitchen seamlessly.
*   Some systems even provide real-time kitchen performance analytics to help optimise prep time and reduce food waste.

### POS system for retail

Retail POS systems are built to handle high transaction volume and detailed product management.

*   Scan barcodes, manage discounts, and track inventory across multiple branches in real time.
*   Support for SKU-level tracking and stock alerts helps avoid overstocking or stockouts.
*   Enable loyalty programs and cashless checkout, encouraging repeat visits and faster transactions.
*   Some systems allow product bundling, seasonal promotions, and customer purchase history tracking.

### POS system for cafes

Cafes typically need fast, efficient systems that can handle high foot traffic during peak hours.

*   Simplify counter service and queue management with touch-based ordering and quick payment flows.
*   Accept multiple payments easily, including DuitNow QR, e-wallets, and cards to suit customer preferences.
*   Popular features include digital menus, customer tipping options, and daily sales summaries.
*   Integration with QR table ordering is increasingly common in modern cafe setups.

### POS system for small businesses

Smaller operations benefit from easy-to-use, affordable systems that don’t require complex setup.

*   Easy to set up and cost-effective, with intuitive interfaces suited for first-time users.\\n- Cloud-based POS systems allow business owners to manage both physical and online sales from a single dashboard — useful for pasar malam stalls, home-based businesses, or weekend bazaars.
*   Features like cash flow tracking and basic CRM tools help build better customer relationships without needing separate software.

### Shopify POS

Shopify POS is ideal for businesses that already run a Shopify online store and want to expand into physical retail.

*   Combines your online and in-person sales, creating a seamless experience for both the merchant and customer.
*   Shared customer and inventory data across channels ensures consistent product availability and personalised service.
*   You can run promotions that apply online and in-store, offer local pickup options, and use one dashboard for everything.
*   Integrates well with Malaysian payment gateways like Billplz, making local payment collection hassle-free.

_Also read:_ [_Shopify payment gateway in Malaysia with local payment methods_](https://main.billplz.com/blog/products/shopify-payment-gateway-malaysia-local-payment-methods)

## Billplz integration for POS payments

[Billplz](https://main.billplz.com/) makes it easy for Malaysian businesses to accept in-person payments through FPX, DuitNow QR, and e-wallets, all within compatible POS systems.

*   Instant settlement to your business account helps with cash flow.
*   A unified dashboard tracks both online and offline payments in one place.
*   Supports faster checkout, lower transaction costs, and local payment preferences.

This setup works well for SMEs, cafes, and retail chains looking to simplify operations without compromising on flexibility. Integration is possible through API or supported plugins. You just need to check with your POS provider for compatibility.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

---

## FAQ

### What’s the difference between a POS system and a payment gateway?

A POS system manages sales, inventory, and reporting, while a payment gateway handles the actual transaction processing. They often integrate together.

### How much does a POS system cost in Malaysia?

Prices vary from MYR 1,000 for basic systems to over MYR 10,000 for advanced setups. Monthly cloud-based subscriptions start around MYR 100.

### Can a POS system work without the internet?

Yes. Many offer an offline mode where transactions are queued and sync later.

### What is the best POS system for restaurants in Malaysia?

Look for systems with kitchen display support, order tracking, and QR integration. Options like StoreHub or Slurp! are popular. 

### Which POS system for retail supports e-wallet payments?

Many cloud-based POS providers support e-wallets through integrations with gateways like Billplz.

### Is there an affordable POS system for small businesses in Malaysia?

Yes. mPOS and cloud-based setups offer affordable monthly plans with essential features.

### What’s the difference between a POS system for a cafe and a restaurant POS?

Cafe systems focus on fast counter service, while restaurant systems handle table management, kitchen coordination, and multiple orders.

### Can Shopify POS integrate with Malaysian payment gateways like Billplz?

Yes. Billplz offers plugins and API support to connect with Shopify and other platforms.

### How do I integrate my POS system with eCommerce platforms like Shopify or WooCommerce?

Use POS systems that offer native plugins or API support for seamless integration with online stores.

### Are POS systems in Malaysia secure, and how do they protect customer data?

Yes. Most modern POS systems in Malaysia comply with PCI DSS (Payment Card Industry Data Security Standards) to ensure all card transactions are encrypted and tokenised. Reputable providers also use SSL encryption, role-based access controls, and regular software updates to protect both business and customer data.   
For added security, choose POS systems that integrate with trusted local gateways like Billplz, which follow strict compliance and secure payment protocols under Bank Negara Malaysia’s guidelines.

---

## Conclusion

Choosing the right POS system comes down to your business needs, budget, and local payment preferences. A system that works seamlessly with Malaysian payment gateways like Billplz ensures better integration, smoother checkout, and future-ready operations.

_Explore_ [_Billplz integrations_](https://main.billplz.com/integrations) _to power your POS system with seamless, local payment solutions._

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Learn how to choose the right POS system for your business. Compare types, features, and discover how Billplz integrates with POS for seamless local payments.

POS system in Malaysia: How to choose the right one for your business

**Key takeaways:**

*   Toyyibpay is ideal for NGOs, micro-businesses, and simple payment needs, offering a Shariah-compliant setup and flat FPX rates.
*   Billplz supports a wider range of payment options, including FPX, DuitNow, QR, e-wallets, and BNPL — built for SMEs and scaling enterprises.
*   Pricing: Toyyibpay offers low-cost entry, while Billplz provides transparent, competitive rates with feature-rich plans.
*   Integrations: Billplz connects directly with Shopify, WooCommerce, and custom APIs; Toyyibpay offers limited e-commerce plugin support.
*   Settlement speed: Billplz offers faster payouts (next-day for FPX, real-time for DuitNow) compared to Toyyibpay's 1–4 business day timeline.
*   Scalability: Billplz provides a professional-grade infrastructure with tools like split payments, dashboards, and catalog tools — ideal for high-volume or multi-channel businesses.

## Introduction

Payment gateways are essential for Malaysian businesses, especially for SMEs, NGOs, and online sellers. Two popular options in the local market are Toyyibpay and Billplz — both offering strong capabilities for accepting online payments.

This article provides a detailed comparison of both platforms, including features, pricing, and use cases, to help you decide the right fit.

## Overview of both platforms

Both Toyyibpay and Billplz serve as essential online payment solutions in Malaysia, but they cater to different types of users and business growth stages.

### What is Toyyibpay?

[Toyyibpay](https://toyyibpay.com/) is a Shariah-compliant online payment gateway popular among NGOs, micro-businesses, and crowdfunding initiatives. It’s widely used for its simplicity and minimal setup requirements.

The platform allows businesses and nonprofits to generate payment links and collect payments via FPX or cards with low fees.

Its straightforward interface and ease of use make it appealing to first-time sellers or organisations looking to accept basic online payments quickly.

### What is Billplz?

[Billplz](https://main.billplz.com/) is a leading Malaysian payment gateway trusted by SMEs and enterprises for its reliability, scalability, and developer-friendly features. Designed to support growing businesses, it offers a powerful suite of tools including a real-time dashboard, advanced APIs, and seamless plugin integrations.

With support for a wide range of local payment methods, including FPX, DuitNow, e-wallets, and Buy Now Pay Later (BNPL), Billplz helps businesses streamline transactions and enhance customer convenience.

Its transparent, cost-effective pricing and scalable infrastructure make it easy for businesses to grow efficiently.

## Key comparison table: Billplz vs. Toyyibpay

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Toyyibpay</strong></td><td><strong>Billplz</strong></td></tr><tr><td><strong>Target Users</strong></td><td>NGOs, micro-businesses, and small sellers</td><td>SMEs, e-commerce, and enterprises</td></tr><tr><td><strong>Payment Methods</strong></td><td>FPX, and Credit/Debit Cards</td><td>FPX, DuitNow, QR, E-wallets (GrabPay, TNG, ShopeePay), BNPL (Atome, Grab PayLater), and cards</td></tr><tr><td><strong>Pricing</strong></td><td>Flat RM1.00 per transaction for B2C and RM2.00 for B2B (Standard Plan)</td><td>Transparent flat pricing (e.g., RM0.70 for FPX)</td></tr><tr><td><strong>Settlement</strong></td><td>1–4 business days</td><td>Next business day (FPX), real-time for DuitNow transfer</td></tr><tr><td><strong>Features</strong></td><td>Bill link generation and recurring payments</td><td>Full dashboard, split payments, API, and plugins</td></tr><tr><td><strong>Scalability</strong></td><td>Best for small-scale transactions&nbsp;&nbsp;&nbsp;</td><td>High-volume, multi-channel support</td></tr><tr><td><strong>Support</strong></td><td>Basic customer service</td><td>Dedicated local team, enterprise-grade reliability</td></tr><tr><td><strong>Integrations</strong></td><td>Limited e-commerce plugins</td><td>Shopify, WooCommerce, custom APIs, and enterprise tools</td></tr></tbody></table>

### Fees and pricing

Toyyibpay is known for very low startup fees (often free setup) and a flat FPX B2C transaction fee of typically RM1.00 (Standard plan). It is ideal for micro-sellers and NGOs due to the low entry barrier.

Billplz offers flat, transparent pricing. The FPX B2C transaction fee is RM1.10 on the free Basic plan, but drops to RM0.70 on the annual Standard plan. This structure balances cost with a more powerful, feature-rich platform.

For very small businesses with minimal volume, Toyyibpay may be the cheapest start. For scaling businesses, Billplz's professional plans offer a lower cost per transaction, balanced with superior reliability and features.

_Read more on_ [_Billplz pricing_](https://main.billplz.com/pricing) _here!_

### Payment methods

Toyyibpay primarily supports FPX and local credit/debit card payments, making it a suitable choice for basic online transactions and straightforward payment collection.

Billplz offers a significantly wider range of local payment options, including FPX, DuitNow Transfer (Real-time payout), DuitNow QR, major E-wallets (GrabPay, Touch 'n Go, ShopeePay, Boost), and BNPL providers (Atome, Grab PayLater).

This wider coverage makes Billplz more future-proof, ensuring you can accept payments via your customers' preferred method, which is crucial for modern e-commerce growth.

_Also read:_ [_Shopify payment gateway in Malaysia with local payment methods_](https://main.billplz.com/blog/products/shopify-payment-gateway-malaysia-local-payment-methods)

### Features & integrations

#### Toyyibpay:

*   Simple bill link generation and QR code creation.
*   Recurring billing (popular for subscriptions/donations).
*   Easy-to-use for small, single-channel projects.

#### Billplz:

*   Rich feature set like split payments, payout management, and team permissions (Single Sign-On or SSO).
*   Developer-first with a robust API and webhooks, allowing custom, complex integrations.
*   Direct integrations with major e-commerce platforms like Shopify and WooCommerce, plus a library of over 30 prebuilt plugins for quick setup.
*   Real-time dashboard for detailed analytics and efficient reconciliation.

_Read more about_ [_Billplz integrations_](https://main.billplz.com/integrations) _here!_

### Reliability & scalability

Toyyibpay works well for micro/SME sellers but may face limitations when handling the high volume, complex payment routing, or multi-channel operations required by a scaling business.

Billplz is built for enterprise reliability, offering a 99.999% historical API uptime and faster settlements. Its infrastructure supports high-volume processing and provides advanced features like dedicated support and H2H (Host-to-Host) integration for corporations. 

Businesses aiming to scale their e-commerce operations or expand across channels will find Billplz more future-proof and sustainable.

## Which should you choose: Billplz or Toyyibpay?

![Payment gateway selection for businesses](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_01_02_img_alpha_d5617be2ee.webp)

##### Choose Billplz if:

*   You are scaling beyond small payments into SME or enterprise levels.
*   You want the widest variety of local payment options: FPX, DuitNow, e-wallets, and BNPL.
*   You run an e-commerce store like Shopify and need robust, official plugins.
*   You require faster settlements and enterprise-level reliability.
*   You need advanced operational features like split payments or multi-user access for your team.

##### Choose Toyyibpay if:

*   You are a micro-business, NGO, or crowdfunding project and need a quick, low-cost setup with simple payment links.
*   Your customer payments are primarily limited to FPX or card, and transaction volume is low.

Think of Toyyibpay as your initial launchpad for simple transactions. If you plan to scale, Billplz provides the reliable, feature-rich infrastructure that moves you beyond the basics to handle multi-channel sales, complex payment flows, and high volume efficiently.

## How does Billplz support your growth?

While Toyyibpay is excellent for getting started, offering immediate simplicity and low entry costs, Billplz is engineered to grow with your business, providing the robust infrastructure needed to handle future complexity and high transaction volumes.

Billplz offers a professional, scalable infrastructure:

*   **Fast payouts:** FPX funds are paid out on the next business day, with DuitNow Transfers settled in real-time, dramatically improving cash flow efficiency.
*   **Flat, transparent pricing:** Predictable costs that simplify budgeting and ensure that transaction costs scale predictably as your volume increases.
*   **Real-time dashboard & analytics:** Provides a complete, consolidated view of all transactions, enabling faster reconciliation, data-driven decisions, and real-time monitoring of business health.
*   **Robust API & 30+ plugins:** Offers a powerful REST API for custom integrations and numerous prebuilt plugins for major platforms like Shopify and WooCommerce.
*   **Split payments:** Automatically distribute funds between multiple accounts, perfect for marketplace models or managing multiple revenue streams.
*   **Commerce tools (Catalog):** Includes Catalog Payment Form (prebuilt payment links for services/fundraising) and Catalog Store (a simple online storefront), extending your sales capabilities without requiring a developer.
*   **Enterprise-ready security:** Maintains Bank-level security and PCI DSS compliance, ensuring a protected environment as your transaction volume and data complexity increase.

---

## FAQ

### Is Toyyibpay Shariah-compliant?

Yes. Toyyibpay was designed with Shariah-compliant principles and is widely used by NGOs and Islamic-based institutions.

### Does Billplz support FPX payments?

Yes. FPX (online bank transfer) is Billplz's core service. FPX B2C fees range from RM0.70 to RM1.10 per transaction, and payouts are guaranteed on the next business day.

_Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)

### Which payment gateway is better for small businesses in Malaysia?

Toyyibpay is great for starting out. But if your business is growing, Billplz offers more features, integrations, and reliability.

### Can Toyyibpay and Billplz integrate with Shopify or WooCommerce?

Billplz does. It has official integrations with Shopify and WooCommerce. Toyyibpay has limited support for e-commerce platforms.

### Which has faster settlements: Toyyibpay or Billplz?

Billplz generally offers faster settlements, including next-day FPX payout. Toyyibpay payouts typically take 1–4 business days.

---

## Conclusion

In the Malaysian market, both Toyyibpay and Billplz offer reliable payment collection services.

For entry-level users, small NGOs, and simple payment link needs, Toyyibpay provides immediate ease and affordability.

But for any business with growth ambitions, from SMEs to larger enterprises, Billplz delivers greater long-term value. It not only matches Toyyibpay on core FPX efficiency but significantly extends capabilities with multi-user access, dedicated e-commerce plugins, and a wide array of payment methods, ensuring a seamless experience as you expand.

The choice is between simplicity today and scalability tomorrow.

_Start with_ [_**Billplz**_](https://main.billplz.com/) _to give your business a trusted, scalable payment backbone designed for the future. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._  
  
For more information about Billplz, read:

*   [iPay88 vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-ipay88-payment-gateway-malaysia)
*   [Billplz vs Stripe: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-stripe-malaysia-payment-gateway-comparison)
*   [Billplz vs Curlec: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/billplz-vs-curlec-payment-gateway-comparison)
*   [SenangPay vs Billplz: Which payment gateway should you choose?](https://main.billplz.com/blog/insights/senangpay-vs-billplz-payment-gateway-comparison)

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Compare Toyyibpay and Billplz for Malaysian businesses. Explore fees, payment methods, eCommerce integrations, scalability, and why Billplz is ideal for long-term growth.

Toyyibpay vs Billplz: Which payment gateway should you choose?

**Key takeaways:**

*   Shopify is a fully hosted platform ideal for beginners and businesses seeking a quick, low-maintenance setup with predictable monthly costs and built-in security.
*   WooCommerce is a self-hosted WordPress plugin offering complete control, unlimited customization, and better scalability for content-heavy or highly tailored eCommerce needs.
*   Shopify prioritizes ease of use, while WooCommerce prioritizes flexibility and ownership — your choice depends on your technical comfort and business goals.
*   WooCommerce supports all major local Malaysian payment gateways, including FPX, DuitNow, and e-wallets — directly and with full control.
*   Choose Shopify if you value speed and simplicity. Choose WooCommerce if you want flexibility, customization, and control over your infrastructure.
*   Billplz integrates seamlessly with both Shopify and WooCommerce, making it easy for Malaysian sellers to offer secure, local payment options no matter which platform they use.

## Introduction

[Shopify](https://www.shopify.com/) and [WooCommerce](https://woocommerce.com/) are two of the most popular eCommerce platforms globally and among Malaysian businesses. Both have powered millions of online stores, but they represent fundamentally different approaches to building an online business.

Shopify is a fully hosted, subscription-based platform (Software as a Service, or SaaS). It’s an all-in-one solution that takes care of everything from hosting to security.

WooCommerce, on the other hand, is a free, open-source plugin that transforms a self-hosted [WordPress](https://wordpress.com/) website into a comprehensive online store.

In this guide, we’ll provide a side-by-side comparison of Shopify and WooCommerce to help Malaysian sellers decide which is the better fit for their needs.

## Overview of each platform

Here is a quick look at the two dominant e-commerce solutions, Shopify and WooCommerce.

### What is Shopify?

Shopify is a fully hosted, subscription-based e-commerce platform. It provides a complete, turn-key solution, meaning the company manages all the technical aspects, including server maintenance, hosting, security (SSL), and software updates.

The platform is renowned for its ease of use and speed to launch. Merchants, even those with no technical background, can set up a professional online store in a matter of hours.

While the core functionality is robust, the platform also offers a vast App Store ecosystem to scale features like inventory management, marketing, and advanced analytics. It’s also mobile-optimized and supports a variety of sales channels, including social media.

_Also read:_ [_Shopify payment gateway in Malaysia with local payment methods_](https://main.billplz.com/blog/products/shopify-payment-gateway-malaysia-local-payment-methods)

### What is WooCommerce (WordPress)?

WooCommerce is a free WordPress plugin that turns any WordPress site into a fully functional online store. It's ideal for users who are already familiar with WordPress or who want more control over their site’s functionality and design.

Although the WooCommerce plugin itself is free, running a WooCommerce store requires separate web hosting, domain registration, SSL, and often premium themes or plugins.

However, it offers unparalleled flexibility and is popular among developers, content-heavy brands, and custom-built websites.

## Shopify vs WooCommerce – Key comparison

Both Shopify and WooCommerce power thousands of online stores in Malaysia, but their approach to eCommerce are fundamentally different. Here’s how they compare:

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Shopify</strong></td><td><strong>WooCommerce (WordPress)</strong></td></tr><tr><td><strong>Type</strong></td><td>Fully hosted SaaS</td><td>Open-source plugin for WordPress</td></tr><tr><td><strong>Ease of Setup</strong></td><td>Quick setup, user-friendly, no coding</td><td>Requires hosting + WordPress knowledge, more steps</td></tr><tr><td><strong>Cost</strong></td><td>Monthly subscription + app/transaction fees&nbsp;&nbsp;</td><td>Free plugin, mandatory costs for hosting/domain/theme/plugins</td></tr><tr><td><strong>Design &amp; Themes</strong></td><td>Shopify Theme Store (premium focus)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Vast WordPress themes + WooCommerce themes (free/paid)</td></tr><tr><td><strong>Payment Options</strong></td><td>Shopify Payments (not in MY) + 3rd-party (like Billplz, PayPal, etc)&nbsp;&nbsp;&nbsp;</td><td>Wide gateway support (Billplz, Stripe, PayPal, etc.)</td></tr><tr><td><strong>Scalability</strong></td><td>High, managed hosting &amp; infrastructure&nbsp;&nbsp;</td><td>High, but performance depends on hosting quality &amp; optimization</td></tr><tr><td><strong>Security</strong></td><td>Built-in SSL, PCI compliant, managed by Shopify&nbsp;&nbsp;</td><td>Requires the user to manage hosting security &amp; updates</td></tr><tr><td><strong>Customization</strong></td><td>Limited without coding, depends on the theme structure&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Extremely flexible, full control over code and themes</td></tr><tr><td><strong>Support</strong></td><td>24/7 official Shopify support&nbsp;&nbsp;</td><td>Community-driven + hosting provider support</td></tr></tbody></table>

### Pricing & costs

Shopify operates on a tiered monthly subscription model, plus additional transaction fees if you don't use their proprietary payment gateway, or if you are in a region where it is not available (like Malaysia). Merchants must also budget for paid applications to add specific functionality. The pricing is predictable and includes hosting.

WooCommerce is free, but you’ll need to pay for a domain, hosting, SSL, and premium plugins or themes. While initial costs may seem lower, scaling can introduce complexity.

### Ease of use

Shopify is fundamentally designed for the non-technical user. Its setup process is a simple step-by-step wizard, and its dashboard is intuitive for daily store management. It offers a fast route to market.

WooCommerce requires more technical familiarity, primarily with setting up and managing a WordPress site and web hosting. The initial setup time is longer due to the multiple steps (installing WordPress, installing WooCommerce, and setting up hosting).

However, for anyone already comfortable with the WordPress interface, the daily management is flexible.

### Design & customization

Shopify provides access to the Shopify Theme Store, offering high-quality, conversion-optimized, yet somewhat restrictive, pre-set templates. Customization is handled through a drag-and-drop editor, offering limited backend control without advanced coding.

WooCommerce offers complete, unlimited customization. You can choose from thousands of WordPress and WooCommerce themes and tweak every element via code or page builders like [Elementor](https://elementor.com/).

### Payment gateways

In Malaysia, Shopify relies entirely on third-party payment providers like Billplz, Stripe, or PayPal for local payment processing. As the proprietary Shopify Payments is currently unavailable in Malaysia, merchants must rely on third-party payment gateways. This can incur additional transaction fees in some cases.

WooCommerce benefits from being open-source and has direct support for virtually all major Malaysian payment gateways. This allows merchants to natively accept methods like FPX, DuitNow, and all major e-wallets. This flexibility enables businesses to choose the provider with the best rates and most comprehensive feature set.

Billplz integrates seamlessly with both Shopify and WooCommerce. It offers Malaysian businesses a unified, hassle-free way to accept essential local payment methods such as FPX, DuitNow, e-wallets, and BNPL.

_Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)

### Marketing & SEO tools

Shopify has robust built-in SEO features like automatic sitemaps and customizable meta tags, and a large app store of marketing tools. However, its blog and content management capabilities are relatively basic.

WooCommerce runs on WordPress — the world’s most SEO-friendly CMS. Merchants can leverage powerful plugins like [Yoast SEO](https://yoast.com/) or [RankMath](https://rankmath.com/), making it the superior choice for businesses planning a content-heavy strategy to drive organic traffic.

### Scalability & performance

Shopify handles scalability automatically. Its managed infrastructure is designed to handle massive traffic spikes, like during major sales events, without the merchant having to worry about upgrading servers or configuration.

WooCommerce is highly scalable, but its performance is entirely dependent on the quality of the web hosting and how well the store is configured and optimized. A high-traffic WooCommerce store requires premium managed hosting, caching, and regular maintenance.

### Seller & buyer experience

Shopify offers a famously fast and streamlined checkout process. The user experience (UX) is highly consistent, mobile-optimized, and designed for high conversion across all stores.

WooCommerce offers more flexibility, but the seller and buyer experience will depend heavily on the chosen theme, plugins, and setup quality.

A well-built WooCommerce store can match or exceed Shopify’s UX, but a poorly configured one can result in slower loading times and a complicated checkout process.

## Which is better for your business: Shopify or WooCommerce?

Choosing between the two ultimately depends on your resources, goals, and technical comfort level.

![Shopify vs WooCommerce: Which is better for my business?](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_06_02_img_alpha_d88d6e51ea.webp)

#### Choose Shopify if:

*   You want a quick launch with minimal technical overhead.
*   You prioritize hosted security and guaranteed performance.
*   You have minimal to no technical expertise and don't want to manage hosting or updates.
*   Your primary goal is transactional e-commerce without a complex content strategy.

#### Choose WooCommerce if:

*   You want full flexibility and control over every aspect of your store.
*   You are comfortable managing a WordPress site and web hosting, or have a technical team.
*   You plan to implement a deep, content-heavy marketing strategy.
*   You are looking for potentially lower long-term costs and prefer to own your entire platform.

## How do you choose the right platform for your products?

The decision factors should be weighted according to your business needs:

*   **Budget**: Is predictable monthly spending better than varied, long-term costs?
*   **Technical expertise**: Do you have the skills or budget for a developer, or do you need a no-code solution?
*   **Product range & inventory**: Does your business require specific, niche inventory management features, or is the standard e-commerce flow sufficient?
*   **Content strategy**: Is your store’s success tied to blogging and content marketing? If so, WordPress/WooCommerce is the stronger choice.

Regardless of which platform you choose—Shopify or WooCommerce—securing a reliable, local payment integration is essential for high conversion in Malaysia.

Payment solutions like [Billplz](https://main.billplz.com/collection) seamlessly bridge the gap, enabling your customers to pay using preferred local methods like FPX, DuitNow, BNPL, and popular e-wallets, ensuring a smooth and trusted transaction experience on both platforms.

With Billplz, you get a secure platform that simplifies payment reconciliation and improves the overall checkout experience.

---

## FAQ

### Is Shopify or WooCommerce better for small businesses in Malaysia?

Shopify is generally better for the smallest businesses (solopreneurs, micro-businesses) due to its simplicity, quick setup, and included hosting.

WooCommerce becomes viable and often better for small businesses that have a budget for quality hosting and want more control and flexibility to grow into a complex store.

### Which is cheaper: Shopify or WooCommerce?

WooCommerce can be cheaper initially, but long-term costs vary depending on hosting and plugin usage. Shopify has predictable monthly pricing but higher fees in Malaysia due to limited native payment options.

### Does Shopify support FPX payments in Malaysia?

Yes, Shopify supports FPX payments in Malaysia indirectly through third-party payment gateways (like Billplz) that integrate with the platform.

### Can WooCommerce integrate with Billplz?

Yes, WooCommerce integrates seamlessly with Billplz. Billplz provides official plugins that allow merchants to accept payments like FPX, DuitNow, and e-wallets directly within their WooCommerce checkout process.

### Which platform is better for SEO: Shopify or WooCommerce?

WooCommerce (with WordPress) is generally considered better for SEO. This is due to the platform's superior content management capabilities and the availability of powerful, specialized SEO plugins like Yoast SEO and RankMath.

Shopify has good built-in SEO, but its content features are more limited.

---

## Conclusion

There’s no one-size-fits-all solution. Shopify and WooCommerce serve different needs. Shopify offers convenience and fast launch capabilities. WooCommerce excels in customization and long-term flexibility.

The ultimate goal, regardless of the platform, is to sell effectively.

Billplz powers both Shopify and WooCommerce with seamless, local payment solutions for Malaysian businesses. Whether you're a beginner or a scaling enterprise, Billplz helps ensure your payment operations are secure, affordable, and fully integrated.

_Enable_ [_**Billplz**_](https://main.billplz.com/) _today and elevate your Shopify or WooCommerce store with trusted Malaysian payment infrastructure. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Compare Shopify vs WooCommerce for Malaysian businesses in 2025. Learn setup costs, payment gateway options like Billplz, scalability, SEO tools, and more.

Shopify vs WooCommerce (WordPress): An updated comprehensive comparison

**Key takeaways:**

*   Lazada, Shopee, and TikTok Shop dominate Malaysia’s e-commerce landscape, each offering unique strengths for sellers.
*   Lazada is ideal for branded goods and premium products, thanks to its strong logistics and brand-focused experience.
*   Shopee is the market leader, best suited for mass-market, price-sensitive items with strong promotions and ad tools.
*   TikTok Shop excels in lifestyle and trend-driven categories, using content creators and live selling to drive impulse purchases.
*   Sellers should consider multi-platform strategies to maximize reach and reduce dependency on a single platform.
*   Billplz integrates with all three platforms, offering a unified payment solution with local settlement, transparent fees, and real-time tracking.

## Introduction

Malaysia’s e-commerce market continues to thrive in 2025, led by three major players. For years, the market was primarily dominated by [Lazada](https://www.google.com/aclk?sa=L&ai=DChsSEwijw6v6-4SQAxVRqmYCHfEyGb8YACICCAEQABoCc20&ae=2&aspm=1&co=1&ase=2&gclid=CjwKCAjwxfjGBhAUEiwAKWPwDqF1SZUGATpMiqBeJU9n-ShS79aJxYRtFvQFk0rVtjQNymCcvm2fGBoCv_8QAvD_BwE&cid=CAASQ-RoX1soMscjuKGSMtA9SilRUo1JvPYW24d7ENjsD7yoyQjgh0vYyZyWsIrdVzqmgsjyegmnVhAFH62Tw54PgN5Q3A8&cce=2&category=acrcp_v1_35&sig=AOD64_1_ylG4QLc43bwZXLkMxa4CKm8zkA&q&nis=4&adurl&ved=2ahUKEwjYoKT6-4SQAxUf3jgGHXNgB60Q0Qx6BAgeEAE) and [Shopee](https://www.google.com/aclk?sa=L&ai=DChsSEwjXrdSB_ISQAxWmDYMDHZQWHLwYACICCAEQABoCc2Y&co=1&ase=2&gclid=CjwKCAjwxfjGBhAUEiwAKWPwDthJIXJ1kCjcgw2d7exZ6hk5UhJPB-e0rNeDM3YvmeX5JYBWTRwgAhoCd5gQAvD_BwE&cid=CAASQ-RoUc4nJYIMTlehPlT8jVuy8G0h0f__rEALlvF_HVLPf5zjpRubQkFEAv8mgdy1mXnK45RJUDgPPQO7gfqbdo7arfk&cce=2&category=acrcp_v1_32&sig=AOD64_3_ccGQioida3IagEgIznuNxMSXjw&q&nis=4&adurl&ved=2ahUKEwjQlcmB_ISQAxWp4zgGHZEhIs4Q0Qx6BAg6EAE). However, the fast-rising emergence of [TikTok Shop](https://www.tiktok.com/shop) has dramatically reshaped the competitive dynamics, compelling sellers to reconsider their platform strategy for maximum reach and profitability.

This guide provides an updated, side-by-side comparison of Lazada, Shopee, and TikTok Shop to help Malaysian sellers choose the right platform and develop a winning strategy in 2025 and beyond.

## Overview of each platform

Malaysia’s e-commerce scene in 2025 is dominated by three major players — Lazada, Shopee, and the fast-rising TikTok Shop — each with unique strengths, audiences, and seller opportunities.

Here's what you need to know about them:

### What is Lazada?

Founded in 2012 and backed by the massive Chinese tech conglomerate Alibaba Group, Lazada is one of Southeast Asia's longest-standing e-commerce marketplaces. It has consistently focused on creating a superior shopping environment, particularly for brand-conscious consumers.

Lazada boasts a strong, integrated logistics ecosystem, [Lazada Logistics](https://www.logistics.lazada.com/), which allows for robust fulfillment and reliable delivery, even for bulky items. This strong infrastructure makes it popular with merchants selling mid-to-high range products and established brands.

Categories where Lazada maintains a strong presence include electronics, home appliances, and fashion. The platform emphasizes its [LazMall](https://pages.lazada.com.my/wow/gcp/route/lazada/my/upr_1000345_lazada/channel/my/upr-router/my?spm=a2o4k.tm80363352.menu.1.37916e5aRnWkoP&hybrid=1&data_prefetch=true&prefetch_replace=1&at_iframe=1&wh_pid=/lazada/channel/my/lazmall-channel/lazmall-channel-pc) for official brand stores to ensure authenticity.

### What is Shopee?

Shopee is currently the largest platform by market share in Malaysia and the wider Southeast Asian region, holding an estimated 52% of the total Gross Merchandise Value (GMV) in Southeast Asia as of 2024 (Source: [\[New report\] Southeast Asia’s Platform E-commerce GMV Reaches US$128.4B](https://thelowdown.momentum.asia/new-report-southeast-asias-platform-ecommerce-gmv-reaches-us128-4b/#:~:text=Shopee%20expanded%20its%20lead%20with,GMV%20and%20regional%20market%20share.))

Known for its flash sales, extensive use of vouchers, and mobile-first experience, Shopee attracts price-sensitive shoppers looking for deals on everything from fashion to groceries. It's ideal for mass-market sellers and SMEs aiming to reach a wide audience.

Its wide reach makes it a default starting point for many Small and Medium-sized Enterprises (SMEs) looking to penetrate the online market. The platform heavily utilizes its own logistics arm, [Shopee Xpress](https://spx.com.my/en), alongside numerous third-party partners.

_Also read:_ [_Shopify payment gateway in Malaysia with local payment methods_](https://main.billplz.com/blog/products/shopify-payment-gateway-malaysia-local-payment-methods)

### What is TikTok Shop?

A game-changer in recent years, TikTok Shop integrates e-commerce directly within TikTok's entertainment-driven platform. It leverages the "discovery commerce" model, where users discover and purchase products seamlessly while scrolling their 'For You Page' (FYP) or watching livestreams.

In just the first half of 2025, TikTok Shop’s GMV in Malaysia surged by 150%, catapulting it past Lazada to become the second-largest e-commerce player in Southeast Asia (Source: [TikTok Shop Doubles Global GMV in 2025](https://www.marketmaze.me/p/tiktok-shop-is-a-global-rocket)).

It enables creators and sellers to promote products via short videos, livestreams, and interactive content. Particularly effective with Gen Z and millennials, it is driving impulse purchases and viral sales in lifestyle, beauty, and fashion categories.

## Lazada vs Shopee vs TikTok Shop – Key comparison

Each platform brings its own strengths, target audiences, and selling strategies. Here's how Lazada, Shopee, and TikTok Shop compare at a glance.

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Lazada</strong></td><td><strong>Shopee</strong></td><td><strong>TikTok Shop</strong></td></tr><tr><td><strong>Market Position</strong></td><td>Established, strong logistics</td><td>Market leader in Malaysia &amp; SEA</td><td>Fastest-growing platform, social disruptor</td></tr><tr><td><strong>User Base</strong></td><td>Mid-income &amp; brand-oriented</td><td>Mass market, price-driven</td><td>Younger, content-driven shoppers</td></tr><tr><td><strong>Fees</strong></td><td>Commission + payment fee</td><td>Commission + transaction fee</td><td>Commission + service fees</td></tr><tr><td><strong>Marketing Tools</strong></td><td>LazLive, sponsored ads, LazMall branding</td><td>Shopee Ads, vouchers, bundles, Shopee Live</td><td>TikTok Ads, creator collabs, live commerce</td></tr><tr><td><strong>Logistics</strong></td><td>Lazada Logistics (integrated, reliable)&nbsp;&nbsp;</td><td>Shopee Xpress + partners (Affordable, wide network)</td><td>3PL (third-party logistics)+ in-app seller fulfillment (Less mature, but fast)</td></tr><tr><td><strong>Product Focus</strong></td><td>Electronics, branded goods, home appliances&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>General marketplace, low-to-mid price items</td><td>Fashion, beauty, lifestyle, viral/trend-driven goods</td></tr><tr><td><strong>Seller Support</strong></td><td>Lazada University</td><td>Seller Education Hub</td><td>TikTok Shop Academy, Creator Marketplace, analytics</td></tr></tbody></table>

### Fees and commission structure

*   **Lazada**: Charges a category-based commission fee plus a payment fee. For example, some Lazada Marketplace commission rates are around 8.0% (SST inclusive) for fashion accessories, on top of payment processing fees.
*   **Shopee**: Imposes a commission fee and a transaction fee. While base rates might appear moderate, Shopee’s reliance on competitive pricing and its in-app ads means sellers often allocate a significant portion of their revenue to paid ads for visibility to compete in its vast marketplace.
*   **TikTok Shop**: Initially offered lower commission rates to rapidly attract sellers, but has significantly revised its commission and transaction fees (e.g., transaction fee increased to 3.78% (SST inclusive) in late 2024 for Malaysia) (Source: [TikTok Shop Announces Changes to Commission and Transaction Fees Effective on 5th September 2024](https://www.zetpy.com/2024/08/21/tiktok-shop-announces-changes-to-commission-and-transaction-fees-effective-on-5th-september-2024/#:~:text=From%2000%3A00%2C%20September%205th,Commission%20Fee%20and%20Transaction%20Fee.)). While the initial commission may be competitive, ad spend for "discovery commerce" is often required to scale sales.

### Marketing & seller tools

*   **Lazada:** Focuses on brand exposure with LazMall, targeted marketing through Sponsored Discovery Ads, and engaging live selling via LazLive. Its affiliate program also encourages external promotion.
*   **Shopee:** Excels at in-app mechanisms like vouchers, bundle deals, and Flash Sales that leverage its large, engaged user base. Shopee Ads are essential for visibility.
*   **TikTok Shop:** Its key strength is content-driven sales. Sellers thrive by running TikTok Ads, collaborating with content creators/influencers, and utilizing live streaming sessions to generate viral, impulse purchases.

### Logistics & fulfillment

*   **Lazada:** Lazada Logistics provides a strong, integrated system with a high degree of control over the delivery process. This integrated model makes it particularly reliable for handling bulky or higher-value items.
*   **Shopee:** Utilizes Shopee Xpress (SPX Express) along with a wide network of third-party logistics (3PL) partners. This hybrid approach allows for an affordable and extensive network, handling the large volume of smaller parcels typical of its mass-market sales.
*   **TikTok Shop:** Primarily relies on third-party logistics partners for fulfillment. While delivery speed is fast and the network is growing, its logistics ecosystem is less mature than the established integrated systems of Lazada and Shopee, requiring sellers to manage fulfillment surges from live commerce more actively.

### Seller experience

All three platforms provide extensive resources to help sellers succeed. [Lazada University](https://university.lazada.com.my/) and Shopee’s [Seller Education Hub](https://seller.shopee.com.my/edu/home) are robust training portals offering courses on everything from listing optimization to campaign participation.

[TikTok Shop Academy](https://www.google.com/aclk?sa=L&ai=DChsSEwipi8qx_oSQAxXeo2YCHdIkFqEYACICCAEQARoCc20&co=1&ase=2&gclid=CjwKCAjwxfjGBhAUEiwAKWPwDomAwom-GO62vwu1yWk-pgLyZ1HJa8L87fuV9Lo3kF2Ks_1C2G9m3BoCrSkQAvD_BwE&cid=CAASQ-Ro5O3Smyvh_dps2j244NaIMezKSdRULZ9YjbvQcAzbnV_YbCOR1zqaATNAhT6LYobQVo4AL_vvJFe9LPzep_rcOKI&cce=2&category=acrcp_v1_32&sig=AOD64_0dJgn-oLrkQgv38cxq4gIDue1FtQ&q&nis=4&adurl&ved=2ahUKEwjX6MOx_oSQAxXd2TgGHRWNCa4QqyQoAHoECBUQDQ) focuses heavily on mastering content creation, live streaming, and utilizing the Creator Marketplace for partnerships.

Seller dashboards and reporting tools are available on all three, though the focus varies: Lazada emphasizes brand performance, Shopee focuses on volume/promotions, and TikTok Shop prioritizes content and audience analytics.

### Buyer experience

The shopping journey is vastly different across the three platforms.

*   **Lazada:** Offers a strong, streamlined experience preferred for branded goods, focusing on product authenticity via LazMall and reliable delivery.
*   **Shopee:** Known for heavy promotions, daily vouchers, and "gamification" (like Shopee Games) that make shopping entertaining and price-competitive.
*   **TikTok Shop:** Provides an entertaining, discovery-first shopping experience, where the purchase decision is often driven by captivating short videos and live streams rather than a deliberate product search

## Which is better for sellers in Malaysia?

There is no single "best" platform; the ideal choice depends entirely on your product, brand, and selling style.

<table><tbody><tr><td><strong>Best For</strong></td><td><strong>Lazada</strong></td><td><strong>Shopee</strong></td><td><strong>TikTok Shop</strong></td></tr><tr><td><strong>Product Types</strong></td><td>Electronics, branded goods, home &amp; living, premium products&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>General items, budget-friendly goods, daily necessities, high-volume items&nbsp;</td><td>Lifestyle, fashion, beauty, viral gadgets, and content-driven impulse buys</td></tr><tr><td><strong>Seller Profile</strong></td><td>Established brands, high-ticket sellers, or sellers with strong supply chains&nbsp;</td><td>SMEs, mass-market sellers, merchants focused on volume/price&nbsp;&nbsp;</td><td>New sellers, content creators, and brands targeting young consumers</td></tr><tr><td><strong>Audience</strong></td><td>Mid-to-high income, brand-loyal shoppers&nbsp;</td><td>Price-sensitive mass market</td><td>Younger (Gen Z, Millennials), highly engaged, discovery-led shoppers</td></tr></tbody></table>

Based on the market dynamics, here is a quick guide to choosing your primary focus:

*   Choose Lazada if you sell branded, higher-ticket, or electronics/home goods. Your priority is maintaining a premium brand image, assuring quality, and leveraging integrated logistics for reliable delivery. Lazada rewards trust and a high average order value.
*   Choose Shopee if you seek mass-market reach and thrive in competitive, price-sensitive categories. Your strength lies in managing high sales volume efficiently through aggressive promotions, competitive pricing, and extensive ad spending to secure visibility.  
*   Choose TikTok Shop if your products are highly visual—such as fashion, beauty, or lifestyle items—and you are prepared to leverage short videos and content creators to drive sales through virality and impulse buying. TikTok Shop is the channel for trend-setters and discovery.

## Multi-platform strategy: Can you sell on Shopee, Lazada, and TikTok Shop at the same time?

Yes, absolutely. Many successful Malaysian sellers adopt a multi-platform strategy to maximize their reach and de-risk their business. This approach is highly recommended in 2025:

![Platform Comparison: Lazada vs Shopee vs TikTok Shop](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_07_02_img_alpha_2b7fa5ac1b.webp)

*   **Use TikTok Shop for awareness + content-driven sales:** Leverage its algorithm to make products go viral and drive impulsive sales, especially among the younger demographic.
*   **Use Shopee for mass market penetration:** Use its sheer volume and promotional power to capture the bulk of the price-sensitive market.
*   **Use Lazada for premium/bulkier items:** Utilize its robust logistics for higher-ticket, branded items where buyer trust and reliable delivery are paramount.

## How do I choose the best e-commerce platform for my products?

To make the final decision, consider these 3–4 decision factors:

1.  **Product type & price point:** Does your product suit high-volume, low-margin, high-value, branded, or trend-driven, visual appeal?
2.  **Marketing ability:** Are you excellent at running ads and managing promotions, or are you skilled/willing to invest in creating video content and collaborating with creators?
3.  **Logistics needs:** Do you require robust, integrated fulfillment for bulky/delicate items, or are standard, affordable courier services sufficient for small parcels?
4.  **Target audience:** Are you selling to price-sensitive families, brand-conscious adults, or young, trend-following shoppers?

Your choice of marketplace defines where you sell, but the speed, security, and efficiency of payments define how smoothly you profit.

Regardless of the platform you choose, ensuring a seamless transaction is absolutely crucial for customer satisfaction and successful order fulfillment.

This is where a unified, reliable payment solution becomes invaluable. Dealing with different settlement cycles, withdrawal fees, and reconciliation processes across multiple platforms can quickly turn into an administrative nightmare.

[Billplz](https://catalog.billplz.com/) offers a powerful solution to this complexity. Billplz integrates seamlessly with all three major platforms — Shopee, Lazada, and TikTok Shop. It offers consistent, secure, and hassle-free local payment solutions to manage your sales efficiently.

This allows you to focus less on administrative payment headaches and more on scaling your sales volume across Malaysia's thriving e-commerce channels.

_Also read:_ [_Toyyibpay vs Billplz: Which payment gateway should you choose?_](https://main.billplz.com/blog/toyyibpay-billplz-payment-gateway-comparison)

---

## FAQ

### Which is more profitable for sellers: Lazada or Shopee?

It depends on your niche. Lazada may offer better margins for branded products, while Shopee provides higher sales volume for fast-moving or budget-friendly items.

### Is TikTok Shop reliable in Malaysia?

Yes. TikTok Shop has rapidly scaled with growing user trust. It's effective for impulse buying and trending products, especially for fashion and beauty.

### Can I use the same inventory across Lazada, Shopee, and TikTok Shop?

Yes, but you’ll need to manage it carefully. Manual syncing or using a third-party inventory management system is recommended to avoid stock inconsistencies and overselling.

### How can I manage payments across multiple platforms?

Use a centralized payment solution like Billplz to reconcile payments from Lazada, Shopee, and TikTok Shop in one place. You get local bank settlement, transparent fees, and FPX support — all through a single dashboard.

### Which has faster delivery, Shopee or Lazada?

Both offer competitive delivery times, but they vary by product type and location. Shopee tends to be faster for smaller parcels via Shopee Xpress, while Lazada’s logistics are more reliable for bulkier or premium items through Lazada Logistics.

### Is Lazada or Shopee better in Malaysia?

Shopee dominates in user base and promotional reach, making it ideal for mass-market sellers. Lazada appeals more to mid-to-high-income customers and is better suited for branded goods and electronics.

### Is it better to sell on TikTok or Shopee?

It depends on your marketing strengths. TikTok Shop is great for visual, trend-driven products and works well if you can leverage content creators. Shopee is better for high-volume sales and traditional product listings.

---

## Conclusion

The Malaysian e-commerce landscape in 2025 is a dynamic triangle. There is no single “best” platform; the winning strategy depends on your products, budget, and target audience.

Smart sellers should leverage the strengths of each platform: utilizing TikTok Shop for brand discovery and impulse buys, Shopee for mass market penetration, and Lazada for branded premium sales.

Billplz helps you manage payments across platforms with seamless, local payment solutions, ensuring that as you expand your multi-platform strategy, your transaction process remains unified, secure, and efficient.

_Enable_ [_**Billplz**_](https://main.billplz.com/) _today and streamline your multichannel e-commerce payments. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Compare Lazada, Shopee, and TikTok Shop to choose the best eCommerce platform in Malaysia. Discover key differences and how Billplz helps streamline payments across all three.

Lazada vs Shopee vs TikTok Shop: An updated and comprehensive comparison

**Key takeaways:**

*   Shopify Payments is not available in Malaysia, so merchants must use third-party payment gateways like Billplz, PayPal, or iPay88.
*   Local payment methods matter. Malaysian consumers prefer FPX, DuitNow, e-wallets, and BNPL over international options like PayPal or credit cards.
*   Billplz is a top local payment gateway, offering seamless Shopify integration, support for FPX (RM0.70 flat fee), e-wallets, and BNPL.
*   Using a local gateway improves conversion rates, lowers fees, and increases customer trust, thanks to familiar payment methods and faster settlements.
*   Setting up a gateway on Shopify is simple, and Billplz offers tools for real-time reconciliation, secure transactions, and trusted infrastructure.

## Introduction

Shopify is one of the most widely used eCommerce platforms for businesses in Malaysia, offering a powerful and user-friendly way to build an online store. However, unlike in some other countries, Shopify’s native payment processor, Shopify Payments, is **not available** in Malaysia.

To accept payments on Shopify, Malaysian merchants must integrate their stores with a third-party payment gateway such as PayPal, Stripe, Billplz, or iPay88. These gateways are essential bridges that process transactions securely.

This article explores how Malaysian Shopify stores can set up third-party gateways, why local payment methods matter, and why Billplz is one of the most trusted and cost-effective options available.

## Why you need a third-party payment gateway in Malaysia

Because Shopify Payments is not available locally, a third-party payment gateway is a non-negotiable requirement for any Malaysian Shopify store that wants to process transactions.

These gateways are the engine that allows you to accept a wide variety of payment methods that Malaysian consumers know and trust, including credit/debit cards, popular e-wallets, and direct online bank transfers via FPX.

Without offering these familiar, local payment options, you risk a high rate of cart abandonment. Customers who don't see their preferred payment method are likely to leave your site and purchase from a competitor who does.

Integrating a reliable gateway ensures a smooth checkout experience, building customer confidence and boosting your sales.

## Popular payment gateway options for Shopify Malaysia

Shopify merchants in Malaysia can choose from a range of international and local payment gateways.

*    **International gateways**: These include globally recognized names like [PayPal](https://www.paypal.com/), [Stripe](https://www.google.com/aclk?sa=L&ai=DChsSEwjUzNjjx_-PAxUyLoMDHdo1G4oYACICCAEQABoCc2Y&co=1&ase=2&gclid=Cj0KCQjw3OjGBhDYARIsADd-uX7IG35-oqnHvrceJgz2L5oQuKEwpkw4NN8xTaz_StJ7lpZ61JjEMZgaAl2vEALw_wcB&cid=CAASQuRo4oY0vtO0YdFqh71BTx-Xkmh044E-T3JcihKb-l1fFyIWpPJfODacHijHicQ2g75jnNGG3LJ6cNqQL81Ly4y0lA&cce=2&category=acrcp_v1_32&sig=AOD64_105kDGLOAeeODV2I4bwjzdQxsayg&q&nis=4&adurl&ved=2ahUKEwif7c3jx_-PAxXHwjgGHfYABcUQ0Qx6BAgLEAE), [Adyen](https://www.adyen.com/), and [WorldPay](https://www.worldpay.com/). They are excellent for businesses with a large international customer base, but can have higher fees and slower settlement times for Malaysian transactions.
*   **Local gateways**: These providers are specifically tailored for the Malaysian market. Key players include [Billplz](https://main.billplz.com/), ADAPTIS (formerly iPay88), GrabPay, and more. They excel in offering local payment methods like FPX and DuitNow QR, often with lower fees and faster payout schedules.

While international gateways offer global reach, local gateways are often better suited to Malaysian shoppers. They provide faster settlements, lower fees, and support for payment methods Malaysians trust, like FPX and DuitNow.

It's important to note that all transaction fees are charged by the payment gateway provider, not by Shopify.

## Key considerations when choosing a gateway

When selecting a payment gateway for your Shopify store in Malaysia, consider:

*   **Payment methods**: Ensure the gateway supports the methods your customers prefer. Choose a gateway that supports cards (Visa/Mastercard), FPX bank transfers, top e-wallets (GrabPay, Touch ‘n Go, Boost), and BNPL services.
*   **Fees**: Transaction fees can be either a flat rate per transaction (e.g., RM0.70) or a percentage of the total sale amount (e.g., 2.5% + RM0.50). Carefully evaluate the fee structure to understand how it will impact your profit margins.
*   **Integration**: All official Shopify-approved providers offer seamless integration. The setup is typically straightforward and can be completed within your Shopify admin dashboard under Settings > Payments.
*   **Settlement speed**: How quickly will you receive your money? Local gateways that process FPX and DuitNow payments often settle funds by the next business day. International gateways may take 3-7 business days or longer.
*   **Customer trust**: Malaysians are comfortable and familiar with local payment systems. Displaying these options at checkout can significantly increase customer trust and conversion rates compared to offering only international card options.

## Local payment methods Malaysian shoppers prefer

Malaysian consumers favour instant, secure, and familiar payment methods. These include:

*   [**FPX payments**](https://paynet.my/personal-fpx.html): The Financial Process Exchange (FPX) is a secure online payment system operated by [PayNet](https://paynet.my/index.html), Malaysia's national payments network. It allows customers to make payments by logging into their bank account, offering instant transfers with very low fees for merchants.
*   [**DuitNow**](https://www.duitnow.my/) **&** [**DuitNow QR**](https://www.duitnow.my/QR/index.html): DuitNow enables instant, real-time fund transfers between bank accounts and e-wallets using just a mobile number or national ID. DuitNow QR provides a universal QR code that customers can scan with their preferred mobile banking or e-wallet app to make a payment.
*   **E-wallets**: Digital wallets are extremely popular. The most widely used in Malaysia include [GrabPay](https://www.grab.com/my/pay/), [Touch ‘n Go eWallet](https://www.touchngo.com.my/ewallet?srsltid=AfmBOopv3VBIfLxqMLvLiMYuad0EIuqxirnpkWDpor5JmcgyFwpaSQQh), [Boost](https://myboost.co/), and [ShopeePay](https://shopeepay.com.my/en).
*   **BNPL providers**: Buy Now, Pay Later services like [Atome](https://www.atome.my/) and [Grab PayLater](https://www.grab.com/my/finance/pay-later/?gad_source=7) are gaining traction, allowing customers to split their purchases into interest-free installments.
*   **Debit & credit cards**: Visa and Mastercard remain a staple payment method. [MyDebit](https://paynet.my/personal-mydebit.html) is the national debit card scheme that allows for direct bank account deductions.

### Benefits of using local payment gateways on Shopify

Choosing a local payment gateway can give your Shopify store a strategic edge in the Malaysian market:

*   **Higher customer trust:** Presenting familiar payment options builds immediate credibility and increases adoption.
*   **Lower transaction fees:** Local gateways often have more competitive pricing, especially for FPX transactions, compared to the percentage-based fees of international providers.
*   **Faster settlements:** Quicker access to your funds significantly improves business cash flow.
*   **Support for local ecosystems:** These gateways are deeply integrated with Malaysian banks and e-wallet providers.
*   **Regulatory compliance:** Local gateways operate under the oversight of Bank Negara Malaysia (BNM) and adhere to the standards set by PayNet, ensuring security and compliance.

_Also read:_ [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)

## Shopify payment gateway: Local vs international options

Here’s a quick side-by-side comparison of local and international gateways:

<table><tbody><tr><td><strong>Feature</strong></td><td><strong>Local Gateways</strong></td><td><strong>International Gateways</strong></td></tr><tr><td>Payment Methods</td><td>FPX, DuitNow, local e-wallets, BNPL, cards&nbsp;&nbsp;</td><td>Primarily credit/debit cards, PayPal balance</td></tr><tr><td>Fees</td><td>Lower (often flat or local percentage rates)</td><td>Higher (often USD-based with currency conversion charges)</td></tr><tr><td>Settlement</td><td>Fast, often next business day (for FPX, DuitNow)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Slower, typically 3–7 days, potential for FX delays</td></tr><tr><td>Customer Trust</td><td>High, due to familiarity with local methods&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Moderate, as not all Malaysians use PayPal or Stripe</td></tr></tbody></table>

## Why use Billplz as a Shopify payment gateway in Malaysia?

[Billplz](https://main.billplz.com/) is designed specifically for the Malaysian market, offering merchants a seamless, locally optimized solution for accepting online payments. It is trusted by businesses across industries for its cost-effectiveness, reliability, and support for all major Malaysian payment methods.

Here are the **top 3 reasons** Billplz is ideal for your Shopify store:

*   **Specialises in Malaysian payment methods**: Billplz supports FPX, DuitNow QR, e-wallets, and card payments — giving customers the flexibility to pay the way they prefer.
*   **Unbeatable FPX fee**: Billplz offers a flat RM0.70 per successful FPX transaction, making it one of the most affordable gateways in Malaysia.
*   **Easy Shopify integration**: Setup is quick and straightforward — just enter your credentials, and you're ready to go in minutes.

Beyond the top advantages, Billplz also supports BNPL and major Malaysian e-wallets, giving customers more ways to pay and reducing the chances of abandoned checkouts.

Its real-time dashboard simplifies payment tracking and reconciliation, while transparent pricing and 99.999% uptime ensure your store runs smoothly at all times.

In short, Billplz isn’t just a payment gateway. It’s a complete payment solution tailored for Malaysian businesses on Shopify.

_Also read:_ [_BNPL Malaysia & Billplz: Our integrations, comparisons & offerings_](https://main.billplz.com/blog/products/bnpl-malaysia-comparison-integration-billplz)

## Conclusion

If you're running a Shopify store in Malaysia, integrating a third-party payment gateway is essential. While international gateways have their place, local providers offer lower fees, faster payouts, and greater customer trust.

To win more customers and reduce checkout abandonment, offering local payment methods like FPX, DuitNow, and BNPL is no longer optional — it’s expected.

With its simple integration, low fees, and trusted local infrastructure, Billplz is the smart solution for Shopify merchants who want to accept payments the Malaysian way.

_Enable_ [_**Billplz**_](https://main.billplz.com/) _on your Shopify store today to start accepting payments the Malaysian way. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Power your Malaysian Shopify store with FPX, DuitNow, e-wallets, and BNPL. Discover how Billplz helps you lower fees, boost conversions, and simplify payments.

Shopify payment gateway in Malaysia with local payment methods

**Key takeaways:**

*   BNPL (Buy Now, Pay Later) is a fast-growing payment method in Malaysia, with over RM7.1 billion spent in H2 2024 by more than 5 million users.
*   It allows customers to split payments into instalments, often interest-free, making it ideal for both essential and discretionary purchases.
*   Major BNPL players in Malaysia include Atome, Grab PayLater, Shopee SPayLater, Boost PayFlex, and others—each offering unique features and plans.
*   BNPL helps businesses boost sales, increase Average Order Value (AOV), reduce cart abandonment, and reach credit-averse customers.
*   Compared to traditional methods like FPX, credit cards, and e-wallets, BNPL offers unmatched flexibility for consumers.
*   Billplz integrates with top BNPL providers, enabling businesses to offer BNPL at checkout with a centralised dashboard, real-time tracking, and simplified payout management.
*   Billplz’s platform is scalable, secure, easy to integrate, and trusted by businesses across retail, healthcare, education, and travel industries.

## Introduction

Buy Now, Pay Later (BNPL) has quickly become a popular way to pay in Malaysia. What started as a niche option is now widely used, especially by those who prefer flexible payment plans over traditional credit cards.

In the second half of 2024 alone, more than 5.1 million Malaysians used BNPL services, spending over RM7.1 billion (Source: [5.1 Million Malaysians Now Use BNPL, Most Earning Below RM5,000](https://fintechnews.my/48573/fintech-lending-malaysia/malaysia-bnpl/)).

It’s no longer just for luxury items. Many people now rely on BNPL for everyday needs and unexpected expenses.

In this guide, we’ll explain how BNPL works in Malaysia, compare the top providers, and show how Billplz helps businesses easily integrate BNPL into their checkout process for a smoother, smarter experience.

## What is Buy Now, Pay Later (BNPL)?

BNPL is a short-term financing option that allows consumers to make a purchase immediately and defer the payment, typically splitting the cost into a series of smaller, manageable instalments over a short period (usually 3 to 6 months).

Some plans are interest-free, while others may include small service fees depending on the duration and provider.

### How BNPL works?

BNPL simplifies the purchasing process by breaking payments into instalments while ensuring merchants get paid upfront. Here's how it works:

1.  **Customer selects BNPL at checkout:** The shopper chooses a BNPL provider (e.g., Atome or Grab PayLater) as their payment option.
2.  **Customer pays in instalments:** The customer pays the BNPL provider in staggered, scheduled payments, often interest-free if they meet all deadlines.
3.  **Merchant receives upfront payment:** The business receives the full transaction amount immediately from the BNPL provider, minus a transaction fee. The merchant assumes zero credit risk associated with the customer's repayments.

Businesses, both online and physical, are quickly adopting BNPL for powerful commercial advantages:

*   **Boost sales conversion:** Offering flexible payment options significantly reduces purchase hesitation, making customers more likely to complete a transaction.
*   **Increase AOV (Average Order Value):** When the total price is broken into smaller chunks (e.g., RM400 becomes 4 monthly payments of RM100), shoppers feel more comfortable buying more, leading to higher basket sizes.
*   **Reduce cart abandonment:** The ability to instantly defer payment overcomes cost barriers at the final checkout stage.

## BNPL in Malaysia – Current landscape

BNPL is now a mainstream financial tool in Malaysia, especially among Gen Z and millennials seeking flexibility over credit cards.

*   **Adoption and growth**   
    With millions of active users, Malaysia is one of Southeast Asia's fastest-growing BNPL markets. The sheer volume of transactions (RM7.1 billion in H2 2024) demonstrates its market penetration.
*   **Rising consumer demand**  
    Demand is high, not just for discretionary spending but also for essentials like groceries, medical bills, and school supplies. BNPL acts as a crucial financial tool for consumers managing liquidity between paychecks.  
    Surveys show that BNPL has enabled 63% of users to shift away from riskier informal lenders (Source: [Top 3 BNPLs in Malaysia and What’s Next for the Market in 2025](https://fintechnews.my/top-3-bnpls-in-malaysia-and-whats-next-for-the-market/)).
*   **Regulatory environment**  
    The proliferation of BNPL services has attracted the attention of regulators. Bank Negara Malaysia (BNM) is actively monitoring the digital credit landscape.  
    Crucially, the [Consumer Credit Act](https://ccob.my/wp-content/uploads/2023/04/CP2-Slides-Summary_110423.pdf) (tabled in 2025) will require all Buy Now, Pay Later (BNPL) providers to be licensed and regulated by the new Consumer Credit Commission. This ensures stronger consumer protection and oversight.

## Popular BNPL providers in Malaysia

*    [**Atome**](https://www.atome.my/) offers 3, 6, or 12-month instalment plans, with some carrying a 1.5% monthly fee. Many merchants offer interest-free options. It’s widely used in fashion, beauty, lifestyle, fitness, and travel, and includes the Atome+ rewards programme for cashback and promotions.
*   [**Grab PayLater**](https://www.grab.com/my/finance/pay-later/) allows users to split purchases into 4, 8, or 12-month instalments, or consolidate into a single monthly bill. It’s integrated across the Grab ecosystem (rides, food, shopping) and offers up to 1.5x GrabRewards points on eligible payments.
*   [**Shopee SPayLater**](https://www.google.com/aclk?sa=L&ai=DChsSEwirgvewuv2PAxW5K4MDHdwyEv8YACICCAEQABoCc2Y&co=1&ase=2&gclid=Cj0KCQjw3OjGBhDYARIsADd-uX5fw1s1gWTBB64v5xX5pJG-TveEi7sMs4DeG1oOZ9_fWMi826pwFt8aAnTAEALw_wcB&cid=CAASQuRo39CHHAuumt7aha6ZwXUKIhtMPy3xVSXm_WjQPfrrDzX6MrFmRqhmtvidrmR2jpDILASs_HvPsOdKKrKDo87Q4w&cce=2&category=acrcp_v1_32&sig=AOD64_1XMYT5qPEmLlLzvrl1fItz7eVVRQ&q&nis=4&adurl&ved=2ahUKEwiYxO-wuv2PAxV6yzgGHd5cC3AQ0Qx6BAgYEAE) provides flexible plans from 1 to 24 months, is fully integrated with Shopee and ShopeePay, and is Shariah-compliant. Users can pay via cards, ShopeePay, online banking, or cash.
*   [**Boost PayFlex**](https://myboost.co/feature/boost-payflex) is a Shariah-compliant BNPL solution that stands out for its extensive reach, allowing users to make payments in up to 24-month instalments at over 1.8 million DuitNow QR merchants nationwide, as well as for utility bills and e-wallet top-ups.
*   Other providers like [PAYLATER Malaysia](https://www.paylater.com.my/) and [Moby](https://moby.my/) also offer flexible BNPL options across local and regional retailers.

Here’s a quick side-by-side comparison of Malaysia’s top BNPL providers, their features, and where they shine.

<table><tbody><tr><td><strong>Provider</strong></td><td><strong>Instalment options</strong></td><td><strong>Interest</strong></td><td><strong>Key features</strong></td><td><strong>Popular use case</strong></td></tr><tr><td><strong>Atome</strong></td><td>3, 6, or 12 months</td><td>Some plans with 1.5% fee; many are interest-free</td><td>Atome+ rewards; strong presence in fashion, beauty, lifestyle, travel</td><td>Retail, fashion, lifestyle</td></tr><tr><td><strong>Grab PayLater</strong></td><td>4, 8, or 12 months; or a monthly bill</td><td>Interest-free</td><td>Integrated into Grab (rides, food, shopping); up to 1.5x GrabRewards</td><td>Transport, food delivery, and eCommerce</td></tr><tr><td><strong>Shopee SPayLater</strong></td><td>1 to 24 months</td><td>Interest may apply (varies)</td><td>Shariah-compliant; linked to Shopee &amp; ShopeePay; multiple payment methods</td><td>Online shopping via Shopee</td></tr><tr><td><strong>Boost PayFlex</strong></td><td>Up to 24 months</td><td>Not specified</td><td>Shariah-compliant; accepted at 1.8M+ DuitNow QR merchants; supports bills &amp; top-ups</td><td>Bill payments, offline shopping, e-wallet top-ups</td></tr></tbody></table>

## Benefits of BNPL for businesses

Implementing BNPL offers merchants tangible, immediate advantages that go beyond just flexible payments:

*   **Increased sales conversion**: By removing the immediate financial hurdle, customers are more likely to finalize their purchase.
*   **Higher basket size**: Splitting payments encourages shoppers to add more items to their cart, significantly boosting the Average Order Value (AOV).
*   **Customer loyalty**: Providing flexible and accommodating payment options enhances the customer experience, fostering trust and encouraging repeat buying.
*   **Instant payout**: The business receives the full transaction amount upfront, ensuring healthy cash flow without exposure to instalment or default risk.
*   **Access to new customer segments**: BNPL appeals to younger, credit-averse consumers who may not use credit cards, helping merchants tap into previously underserved demographics.
*   **Reduced cart abandonment**: Offering BNPL at checkout can reduce friction in the buying process, lowering abandonment rates, especially for high-ticket items.
*   **Marketing & discovery opportunities**: Being listed on BNPL providers’ platforms (e.g., Atome or Grab PayLater) gives merchants exposure to millions of active users.

## BNPL vs traditional payment methods

How does BNPL stack up against common payment methods like credit cards, FPX, and e-wallets?

![BNPL vs traditional payment methods ranked by immediacy of fund transfer](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_08_02_img_alpha_583264d211.webp)

Here’s a quick comparison to help businesses and consumers understand the differences.

### BNPL vs Credit cards

BNPL offers short-term, interest-free instalments (e.g., 4 payments over 6 weeks) tied to individual purchases. It's easy to access, requiring only a soft credit check and appeals to those who prefer flexible, low-risk budgeting tools.

Credit cards, by contrast, are revolving credit lines that allow ongoing borrowing but often come with high interest rates, annual fees, and stricter approval (usually based on credit score). They’re valued for universal acceptance, rewards, and credit-building potential.

BNPL is ideal for simplicity and short-term purchases, while credit cards offer more flexibility for ongoing spending and consumer protections.

### BNPL vs FPX

[FPX (Financial Process Exchange)](https://paynet.my/personal-fpx.html) is an immediate bank-to-bank debit, making it a definitive, upfront payment method. BNPL, conversely, is a deferred/split payment, introducing crucial flexibility that FPX cannot offer. 

While FPX is excellent for immediate settlement and often has lower merchant fees, it does not help customers manage large-ticket purchases.

_For more information on FPX, read:_ [_FPX payment for business: How it works, guides, & our solutions_](https://main.billplz.com/blog/fpx-payment-malaysia-business-guide)

### BNPL vs E-wallets

E-wallets like [Touch ‘n Go eWallet](https://www.touchngo.com.my/ewallet?srsltid=AfmBOorNFSwXNF0AwuvVMGAWnB7PqA5e9t3TXDc9AR0ItODdoMAi66Gu) and [ShopeePay](https://shopeepay.com/) are primarily used for daily, low-value transactions, acting as a convenient way to store value or transfer funds instantly. BNPL extends actual credit for higher-value, non-essential purchases, targeting a different consumer spending behavior.

The key takeaway is that BNPL complements, not replaces, traditional methods. It is a specialized tool used to unlock high-value purchases that a customer might otherwise abandon.

## Billplz BNPL integrations

[Billplz](https://main.billplz.com/) serves as the unified platform that simplifies digital payment acceptance for Malaysian businesses. By integrating with leading BNPL providers like Atome and Grab PayLater, Billplz ensures that you can offer these high-demand payment options without managing multiple separate vendor accounts.

Through [Billplz integrations](https://main.billplz.com/integrations), businesses gain powerful features:

*   **Centralised dashboard**: Manage and reconcile all payment channels like BNPL, FPX, DuitNow, and cards from a single, unified dashboard.
*   **Seamless checkout experience**: Customers enjoy a clean, frictionless checkout, automatically routed to their chosen BNPL provider upon selection.
*   **Real-time tracking of BNPL transactions**: Monitor BNPL transaction status instantly alongside all other payment methods.
*   **Payout management simplified**: Billplz handles the complex settlement process with the BNPL provider, ensuring funds are transferred to your bank account quickly and clearly.

### Why choose Billplz for BNPL payments?

As a leading Malaysian payment gateway, [Billplz](https://main.billplz.com/) is uniquely positioned to help local businesses adopt BNPL seamlessly by integrating it directly into its existing robust payment infrastructure.

*   **One platform, multiple methods**: Billplz offers a full-stack solution supporting all major payment methods in Malaysia, including FPX, DuitNow, cards, and now, essential BNPL options.
*   **Transparent pricing**: Benefit from Billplz’s transparent pricing model, featuring flat fees and clear settlement terms, allowing for easy cost management.
*   **Easy integration**: Utilize existing Billplz APIs and plugins for popular platforms (Shopify, WooCommerce, etc.) to integrate BNPL with minimal technical effort.
*   **Scalable for SMEs to enterprise**: The platform is built to support businesses of all sizes, from small online sellers to large corporate merchants.
*   **Trusted infrastructure**: Rely on a proven platform with high reliability, featuring 99.999% uptime and backed by PayNet-endorsed infrastructure.

_Also read:_ [_PayNet Malysia: All you need to know about Malaysia's payment network_](https://main.billplz.com/blog/insights/paynet-malaysia-payment-network-guide)

---

## FAQ

### Why has BNPL become popular among consumers?

BNPL offers instant gratification, zero-interest instalments, and budget-friendly flexibility, especially appealing for younger consumers and households managing cash flow between paychecks.

### Is BNPL safe for businesses?

Yes, BNPL is very safe for businesses. When a customer selects BNPL, the provider assumes the credit risk. The merchant receives the full purchase amount upfront (minus the merchant fee) from the BNPL provider, regardless of whether the customer completes their instalments.

### How much does BNPL cost merchants compared to FPX?

BNPL typically comes with higher fees than FPX, due to the credit risk and infrastructure involved. However, these are offset by increased sales and order values.

### What are some challenges & considerations in BNPL?

Some challenges and considerations include:

*   **Consumer Overspending Concerns**: BNPL's accessibility raises regulatory concerns about customers falling into debt cycles if not used responsibly.
*   **Merchant Fees**: The processing fees are generally higher than traditional payment options like FPX.
*   **Regulatory Developments in Malaysia**: Businesses must be prepared for the upcoming Consumer Credit Act, which will formalize regulation and oversight.
*   **Choosing the Right BNPL Partner**: Selecting partners whose user base aligns with your product category is crucial.

### How does BNPL benefit eCommerce businesses in Malaysia?

It leads to higher conversion rates for expensive items, enables significantly larger Average Order Value (AOV), and is highly effective in reducing cart abandonment by lowering the initial financial commitment.

### Can retail stores in Malaysia use BNPL with Billplz?

Yes! Through Billplz integrations, retail stores (online or in-person) can easily offer BNPL via supported terminals or platforms.

### What industries in Malaysia benefit most from BNPL adoption?

1.  **E-commerce & retail**: The biggest beneficiaries, seeing higher conversion and bigger basket sizes for general goods, electronics, and fashion.
2.  **Education & training**: Allows students or parents to pay tuition or course fees in manageable monthly instalments.
3.  **Healthcare & aesthetics**: Makes treatments, dental procedures, or aesthetic packages more accessible by splitting large, often unexpected, costs.
4.  **Travel & lifestyle**: Enables customers to book flights, packages, or large purchases like electronics and pay for them over time.

---

## Conclusion

The evolution of consumer credit in Malaysia shows that BNPL is no longer an optional payment add-on; it is a key driver for both online and offline sales growth. With this flexibility, businesses can capture a massive segment of the market that demands convenient, short-term credit solutions.

Billplz simplifies this integration, offering businesses one unified platform to manage all their payment methods efficiently.

Choosing Billplz means delivering modern, flexible payment options to your customers—while ensuring transparency, streamlined reconciliation, and operational efficiency for your business.

_Expand your payment options with_ [_Billplz’s BNPL integrations_](https://main.billplz.com/pricing) _today. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Explore Malaysia’s top BNPL providers, how Buy Now Pay Later works, and how Billplz simplifies BNPL integration for businesses with seamless checkout and tracking.

BNPL Malaysia & Billplz: Our integrations, comparisons & offerings

**Key takeaways:**

*   Merchant Category Codes (MCCs) are 4-digit numbers used by card networks to classify businesses by industry type for transactions.
*   MCCs affect interchange fees, credit card rewards, tax reporting, and payment restrictions.
*   They are assigned by acquiring banks or payment processors based on a merchant's primary business activity.
*   Misclassification can lead to higher fees or missed rewards; changing an MCC can be complex and requires approval.
*   Common use cases include cashback categorization, expense tracking, and compliance with tax reporting standards.
*   Businesses can look up MCCs through card network documents, payment gateway dashboards, or by contacting their acquirer.
*   Billplz helps merchants track and understand MCCs with full transaction visibility — simplifying reconciliation, accounting, and decision-making.

## Introduction

Every time a customer pays with a credit or debit card, the transaction is tagged with a four-digit number known as a Merchant Category Code (MCC). These codes classify businesses based on the goods or services they offer and play a significant role in how card payments are processed.

For businesses, the assigned MCC is a foundational element that determines the cost of accepting card payments. For card networks and financial institutions, MCCs are essential for risk management and tracking spending. For consumers, MCCs directly influence the rewards and benefits they earn.

In this guide, we'll explain what MCCs are, detailing their use cases and showing how businesses can look them up to better manage their payment operations.

## What Are Merchant Category Codes (MCCs)?

An MCC is a **four-digit number** assigned by major card networks, such as [Visa](https://www.visa.com.my/), [Mastercard](https://www.mastercard.com.my/en-my.html), and [American Express](https://www.americanexpress.com/). These codes are based on the [ISO 18245](https://www.iso.org/obp/ui/es/#iso:std:iso:18245:ed-2:v1:en) standard that functions as a universal tag for classifying a merchant's primary business activity.

Their purpose is to precisely identify the exact type of goods or services offered, which is then passed along with every card transaction.

For example, the code 5411 is used to designate Grocery Stores and Supermarkets, while 5812 is the specific MCC for Eating Places and Restaurants.

_Also read: Paynet Malaysia:_ [_All you need to know about Malaysia's payment network_](https://main.billplz.com/blog/insights/paynet-malaysia-payment-network-guide)

## Why are MCCs important?

MCCs serve a crucial purpose by standardizing transaction data, which impacts compliance, risk, and profitability across the entire payment chain.

*    **For businesses**  
    The MCC primarily affects interchange fees, which are the non-negotiable fees a merchant pays to accept a card. High-risk or specialized MCCs may have higher or lower fees, directly impacting a business’s processing costs and profit margins. It also helps determine tax reporting obligations.
*   **For banks & payment processors**  
    MCCs help acquirers and issuers track spending patterns, manage risk, and identify high-risk merchants who may be prone to higher fraud or chargeback rates. Issuers also use MCCs to set spending controls or restrictions on corporate and personal cards.  
*   **For consumers**  
    The MCC is the trigger for rewards, cashback categories, and card benefits. If your card offers a bonus on "gas," the transaction must carry the corresponding gas station MCC to qualify.  
*   **For regulators**  
    Bank Negara Malaysia (BNM) uses Merchant Category Codes (MCCs) to regulate payment systems under the Payment Card Framework (PCF). MCCs help categorize merchants to control domestic interchange fees, assigning lower rates to sectors like government services, taxes, petrol stations, and charities. This promotes electronic payments, supports economic monitoring, and helps manage financial risks within the payments ecosystem.

## Common use cases of MCCs

The standardized nature of Merchant Category Codes (MCCs) makes them invaluable across the financial ecosystem for categorizing merchant types.

![Common uses of MCCs](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_04_02_img_alpha_8e5e8dd857.webp)

Here are some of the most common uses:

*   **Cashback & rewards:** MCCs determine whether a transaction qualifies for bonus points or cashback offers (e.g., ensuring a transaction carries the Restaurants MCC (5812) to get a dining reward).  
*   **Business expense tracking:** Companies use MCCs to automatically sort expenses in accounting software, which streamlines bookkeeping and financial reconciliation.  
*   **Tax deduction & compliance:** They help identify whether a payment is for services versus merchandise, assisting businesses in meeting specific tax reporting requirements (like filing a Form 1099).  
*   **Payment restrictions:** Card issuers implement spending controls using MCCs, allowing them to block high-risk transactions (e.g., gambling) or restrict a card's use to a specific category (e.g., travel expenses only).

## How are MCCs assigned?

MCCs are not self-assigned by the merchant.

The code is assigned by the acquiring bank or payment processor (the institution that manages the merchant's account) when the merchant account is first opened.

This assignment is based on the merchant’s primary business activity as declared on their application. Once assigned, the unique 4-digit code is transmitted as part of the transaction data for every card payment accepted.

### MCC codes and interchange fees

The relationship between your MCC and payment costs directly impacts your business's bottom line. The MCC is the key factor that determines the interchange fee—the transaction cost you pay to accept a card.

Card networks establish varying fee schedules based on the perceived risk of the business type. Merchants with MCCs associated with lower fraud or chargeback rates often qualify for lower interchange fees.

Conversely, high-risk or specialized MCCs incur higher rates. For instance, **Charitable Organizations (MCC 8398)** typically benefit from lower, preferential fees due to the low-risk nature of their transactions.

## Merchant Category Code (MCC) lookup

Wondering what your business’s MCC is? Here's how you can find it:

*   **Card network documentation:** Major networks, including Visa, Mastercard, and American Express, publish official, comprehensive lists or Merchant Data Standards Manuals that define every available MCC.
*   **Payment gateway dashboards:** Check your online payment platform or gateway. Some platforms provide MCC visibility directly within their transaction reports or settings, making it easy to see the code assigned to your account.
*   **Contact your acquiring bank:** Your acquiring bank or payment processor is the entity that assigned the code to your merchant account. They can confirm the exact MCC on file for your business.

For quick reference, here are a few common MCCs:

<table><tbody><tr><td><strong>MCC Code</strong></td><td><strong>Category</strong></td><td><strong>Example</strong></td></tr><tr><td><strong>5411</strong></td><td>Grocery Stores</td><td>Supermarkets, Hypermarkets</td></tr><tr><td><strong>5812</strong></td><td>Eating Places &amp; Restaurants</td><td>Cafés, Fast Food Chains</td></tr><tr><td><strong>5813</strong></td><td>Bars &amp; Taverns</td><td>Nightclubs, Lounges</td></tr><tr><td><strong>5732</strong></td><td>Electronics Stores</td><td>Mobile Shops, Computer Stores</td></tr><tr><td><strong>5999</strong></td><td>Misc. &amp; Specialty Retail</td><td>Pet Shops, Florists</td></tr><tr><td><strong>5013</strong></td><td>Retail Outlet Services</td><td>Auto Parts Wholesalers, Automotive Distributors, New Car Parts Suppliers</td></tr><tr><td><strong>5621</strong></td><td>Clothing Stores</td><td>Women's Boutiques, Ladies' Apparel Stores, Women's Clothing Chains</td></tr></tbody></table>

For a full list of MCCs, always consult the documentation provided by the card networks, such as [Citibank’s Merchant Category Codes](https://www.citibank.com/tts/solutions/commercial-cards/assets/docs/govt/Merchant-Category-Codes.pdf) for easy lookup and reference.

## Challenges & considerations with MCCs

While MCCs are helpful, they’re not always perfect:

*   **Misclassification:** Being assigned the wrong MCC can lead to higher fees or ineligibility for customer rewards. For example, a specialty caterer misclassified as a general retailer may miss out on dining perks.
*   **Changing MCC:** Though you can request a change, it’s difficult. You must show that your business activity has significantly changed for the acquirer to approve it.
*   **Multiple services:** Businesses with varied offerings (e.g., hotels with restaurants or spas) may be assigned just one MCC, which may not reflect all services—confusing rewards or reporting.

## Billplz’s role in MCC transparency

Understanding how your transactions are categorized is key to managing fees, rewards, and financial reporting — and that’s where [Billplz](https://main.billplz.com/) stands out.

Billplz brings clarity and control to your payment data by providing full visibility into Merchant Category Codes (MCCs). Each transaction is tagged and easily viewable, helping you understand how card networks classify your business.

With this transparency, businesses can:

*   Easily reconcile payments by MCC, reducing errors in tracking income.
*   Simplify accounting and tax reporting with clear categorisation of services.
*   Make smarter decisions by understanding how MCCs affect fees and customer rewards.

With this clear access to payment categorization, even small businesses can avoid sifting through complex banking data.

---

## FAQ

### How to find my Merchant Category Code (MCC)?

The most reliable way is to contact your payment processor or acquiring bank. They can confirm the code they have on file for your merchant account. You can also sometimes find it in your online payment gateway dashboard or detailed transaction reports.

### Can I change my MCC?

It is possible, but requires a formal request to your acquiring bank or payment processor. The change is typically granted only if your primary business activity has substantially changed and you now qualify for a different, official code.

### Why does my MCC affect my card fees?

MCCs help determine your interchange rate. Lower-risk businesses usually get lower rates, while high-risk MCCs come with higher fees.

### Do MCCs impact customer cashback and rewards?

Yes. Card issuers use the MCC to automatically identify the transaction type and determine if it qualifies for bonus rewards (e.g., 5x points on travel, 3% cash back on groceries). An incorrect MCC can cause your customers to miss out on rewards.

### Who controls MCC codes?

MCCs are based on ISO standards and are implemented by card networks and acquiring banks.

### Can I use someone else's MCC?

No. MCCs are tied to your business type and merchant account. Misusing MCCs is against card network rules and may result in penalties.

---

## Conclusion

The Merchant Category Code (MCC) is far more than just a four-digit number—it is a critical piece of infrastructure that influences your processing costs, compliance requirements, and your customers' card benefits.

Understanding your MCC is vital for both financial health and reporting accuracy. As a merchant, you should check and confirm your assigned MCC with your provider to ensure it accurately reflects your business.

_Use_ [_**Billplz**_](https://main.billplz.com/) _to manage your transactions transparently and ensure smooth MCC reporting. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Discover what Merchant Category Codes (MCCs) are, why they matter for card payments and rewards, and how businesses can manage them using Billplz.

Merchant Category Codes (MCCs): What they are and MCC code lookup

**Key takeaways:**

*   PayNet (Payments Network Malaysia Sdn Bhd) is Malaysia’s central payments infrastructure provider, responsible for powering nationwide systems like FPX, DuitNow, IBG, and more.
*   Core services include real-time bank transfers (DuitNow), online payments (FPX), scheduled interbank GIRO (IBG), bill payments (JomPAY), debit card transactions (MyDebit), and cheque clearing (eSPICK).
*   Benefits for businesses include secure and regulated transactions, nationwide acceptance, low fees, interoperability (via DuitNow QR), and support for Malaysia’s cashless agenda.
*   PayNet is not a customer-facing gateway, but rather the infrastructure. Businesses need payment gateways like Billplz to connect to PayNet's services.
*   Gateways simplify access to PayNet-powered services, offering features like flat fees, real-time dashboards, eCommerce integration, and split payments.
*   As Malaysia advances toward a digital economy, adopting PayNet-enabled solutions through platforms like Billplz is vital for businesses aiming to stay competitive.

## Introduction

Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and central infrastructure for Malaysia's financial markets. From online transactions to bill payments, instant transfers, and debit card usage, PayNet is the backbone behind trusted services like FPX, DuitNow, IBG, and more.

For businesses and consumers alike, understanding PayNet is essential. While you may never directly interact with PayNet, you benefit from it every time you pay with DuitNow QR, settle bills through JomPAY, or check out online using FPX.

## What is PayNet Malaysia, and how does it work?

[PayNet (Payments Network Malaysia Sdn Bhd)](https://paynet.my/index.html) is the national provider of financial market utilities, responsible for building and maintaining an accessible and efficient payments and financial ecosystem.

It was formed from the merger of the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) in 2017 (Source: [MyClear, MEPS merge to form PayNet](https://www.google.com/url?q=https://paynet.my/news-coverage/2017/MyClear-MEPS-merge-to-form-PayNet.html&sa=D&source=docs&ust=1758860752706628&usg=AOvVaw32r8vioBRnNOmNxUd2A-WY)).

With a mission to modernise and standardise the nation’s payment infrastructure, the organisation ensures that both businesses and consumers benefit from secure, accessible, and seamless financial services. PayNet operates a wide range of services, including retail payments, real-time transfers, and cheque processing.

## Is PayNet owned by Bank Negara?

Yes. PayNet is jointly owned by [Bank Negara Malaysia (BNM)](https://www.bnm.gov.my/), its single largest shareholder, and a consortium of eleven Malaysian financial institutions. These include major banks such as Maybank, CIMB, RHB, Public Bank, and Bank Islam.

## What does PayNet Malaysia do: Key services

PayNet operates the key payment rails that form the backbone of Malaysia's digital payment landscape:

*   [**FPX (Financial Process Exchange)**](https://paynet.my/personal-fpx.html)**:** A direct-to-bank online payment gateway that allows customers to make real-time payments using their online banking accounts. Commonly used in eCommerce, bill payments, and government portals, it’s the most trusted online payment method in Malaysia.
*   [**DuitNow**](https://www.duitnow.my/)**:** An instant bank and e-wallet transfer service that allows individuals and businesses to send and receive funds using a DuitNow ID, mobile number, or NRIC. This includes DuitNow QR, a single, interoperable QR code that works across multiple banks and e-wallets.
*   [**IBG (Interbank GIRO)**](https://paynet.my/personal-ibg.html)**:** A scheduled interbank fund transfer system used for bulk and individual credit transfers. Supports fund transfers across 42 banks.
*   [**JomPAY**](https://www.jompay.com.my/)**:** A nationwide bill payment platform where customers can pay any registered biller via internet or mobile banking.
*   [**MyDebit**](https://paynet.my/personal-mydebit.html)**:** Malaysia’s domestic debit card system, allowing ATM cardholders to make point-of-sale transactions nationwide.
*   **Cheque Processing:** The [eSPICK system](https://paynet.my/fi-eSPICK.html) (Sistem Penjelasan Imej Cek Kebangsaan) is Malaysia's national cheque clearing house.

## Benefits of PayNet services for Malaysian businesses

PayNet’s ecosystem provides significant benefits that drive business growth and enhance operational efficiency, with key advantages including:

*   **Gain nationwide acceptance:** Services like FPX and DuitNow are linked with all major banks and e-wallets, providing a wide reach.
*   **Ensure security and regulation:** As the national payments network, PayNet is backed and regulated by Bank Negara Malaysia, offering a high level of security and customer trust.
*   **Benefit from low transaction fees:** Services like FPX and DuitNow often have low, flat-rate transaction fees, especially when compared to other payment options.
*   **Customer trust**: PayNet services are widely recognised and used daily by the Malaysian public, instilling confidence in payment methods.
*   **Enhance interoperability:** DuitNow QR provides a single, unified QR code, eliminating the need for businesses to display multiple QR codes from different providers.
*   **Support cashless adoption:** By using PayNet-powered services, businesses can facilitate the shift from cash, which aligns with Bank Negara Malaysia’s cashless agenda.
*   **Provides secure, reliable, and regulated payment rails**: Businesses rely on the established infrastructure for stable and trustworthy transactions.
*   **Facilitate financial inclusion:** The broad access across banks and e-wallets makes digital payments accessible to a wider segment of the population.

## How is PayNet different from payment gateways?

PayNet serves as the underlying payment infrastructure—the "highway" that connects financial institutions. It is not a customer-facing product.

Payment gateways, like Billplz, on the other hand, are the interface providers that connect businesses to the PayNet network. They are the "cars and toll booths" that enable businesses to use services like FPX and DuitNow.

A business needs a payment gateway to seamlessly integrate PayNet's services into its website or point-of-sale system.

## How do businesses use PayNet services?

Businesses typically use PayNet's services indirectly through their payment gateway partners:

*   **Online transactions:** Businesses use a gateway to integrate FPX, allowing customers to pay directly from their bank accounts.
*   **In-store & online:** Businesses accept DuitNow QR payments in retail or e-commerce settings.
*   **Bill collection:** Businesses leverage JomPAY for easy and widespread bill collection.
*   **Debit card acceptance:** MyDebit facilitates secure and regulated debit card payments.

These services are often implemented via integration partners and payment gateways, which manage the technical setup and provide user-friendly dashboards.

## Challenges and considerations with PayNet

Despite its strong infrastructure, PayNet's services can be affected by the reliability of individual banks. If a participating bank experiences downtime, services like FPX or DuitNow may be temporarily disrupted.

Additionally, not all PayNet services operate in real time. IBG and cheque processing, for example, are still subject to processing delays.

For small and medium businesses, the variety of available services may present a steep learning curve, especially without technical support. This is where integration partners or payment gateways play a crucial role. 

They offer simplified access, clear documentation, and ready-to-use tools to help businesses adopt and manage PayNet-powered payment solutions efficiently.

## Billplz’s role in PayNet-powered solutions

[Billplz](https://main.billplz.com/) helps businesses tap into the power of PayNet by offering easy, affordable access to services like FPX and DuitNow. With Billplz, businesses can accept secure payments without complex setups or high fees.

With Billplz, you can connect your system using clear API documentation. Our [Payment Order](https://main.billplz.com/payment-order) leverages robust DuitNow Transfer infrastructure for secure, reliable payments with processing completed within minutes.

By acting as an integration partner, Billplz adds valuable features on top of PayNet's core infrastructure, including:

*   Transparent flat fees and competitive pricing.
*   Real-time dashboards for monitoring transactions and revenue.
*   API and plugins for easy integration with e-commerce platforms.
*   Features like automated split payments and team management.
*   Enterprise-grade protection for every transaction.

_To learn more about FPX payments, read:_  [_FPX payment for business: How it works, guides & our solutions_](https://main.billplz.com/blog/products/fpx-payment-malaysia-business-guide)

## Conclusion

As Malaysia pushes toward a digital-first economy, PayNet continues to play a central role in shaping the future of payments. Its reliable, scalable, and secure infrastructure enables real-time, low-cost payment options for both businesses and consumers.

For businesses looking to embrace digital transformation, adopting PayNet-powered solutions is essential for serving modern consumers.

By partnering with trusted gateways like Billplz, businesses can easily access these services and benefit from a modern, efficient, and secure payment experience.

_Start using PayNet-powered solutions like FPX and DuitNow with_ [_**Billplz**_](https://main.billplz.com/) _today. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Learn how PayNet powers Malaysia’s payment systems like FPX, DuitNow, and IBG. Discover its role, key services, and how businesses can benefit via gateways like Billplz.

PayNet Malaysia: All you need to know about Malaysia's payment network

**Key takeaways:**

*   FPX (Financial Process Exchange) is a secure, real-time online payment method backed by Bank Negara Malaysia, enabling customers to pay via internet banking.
*   It is widely used in e-commerce, education, donations, government payments, and bill settlements, offering lower fees and faster processing than cards or wallets.
*   For businesses, FPX means instant payments, reduced fraud, no chargebacks, and a broad customer reach through all major Malaysian banks.
*   Billplz offers flat fees from RM 0.70 per FPX transaction, next business day settlement, and easy integration via dashboard or API.
*   Trusted by brands like Pandora, Farm Fresh, Boost, and Perodua, Billplz is ideal for businesses of all sizes looking for a reliable FPX solution.

## Introduction

In today’s digital-first economy, businesses in Malaysia need reliable, secure, and efficient payment systems. Financial Process Exchange (FPX) is one of Malaysia’s most trusted and widely used online payment methods.

Designed for seamless real-time fund transfers via internet banking, FPX enables customers to pay directly from their bank accounts, eliminating the need for credit or debit cards.

For businesses, this means secure transactions, faster settlements, and lower processing fees — making FPX a valuable addition to any payment ecosystem.

Trusted by millions of Malaysians and backed by Bank Negara Malaysia, FPX has become a preferred option for businesses.

This guide explores how FPX works, its benefits, and how Billplz helps you integrate FPX easily into your business operations.

## What Is FPX payment?

FPX (Financial Process Exchange) is a Malaysian-based online payment system operated by [PayNet](https://paynet.my/about-paynet.html), a subsidiary of [Bank Negara Malaysia](https://www.bnm.gov.my/). It enables consumers to make payments online directly from their Savings, Current, or Credit Card accounts (depending on merchant availability) through their bank’s internet banking portal.

When customers use FPX, they’re redirected to their online banking environment to complete the transaction, ensuring secure authentication and real-time fund transfers.

### What is FPX used for?

FPX is used for various purposes, including:

*   **E-commerce:** Paying for goods and services on online stores.
*   **Bill payments:** Settling utility bills, loan repayments, and other recurring charges.
*   **Government services:** Paying for government-related services, fines, and taxes.
*   **Education:** Paying school fees and university tuition.
*   **Donations:** Making online donations to NGOs and charities.

## How does FPX payment work for businesses?

When a customer chooses to pay via FPX on a business's website, they are redirected to a secure payment page. On this page, they select their bank and are then taken to their bank’s internet banking login page.

After logging in, the customer authorizes the payment. Once the payment is confirmed, the FPX network instantly notifies both the customer and the business of the successful transaction.

The funds are transferred directly from the customer’s bank account to the business's bank account, with the entire process happening in real-time. This eliminates the delays associated with other payment methods and provides immediate confirmation of the sale.

This streamlined process ensures that businesses can process orders and services immediately, improving operational efficiency. The real-time nature of the transaction also helps reduce the risk of non-payment and allows for quick reconciliation of accounts.

## Benefits of using FPX for businesses

*   **Real-time transactions:** Payments are processed instantly, allowing for immediate order fulfilment and service delivery.
*   **Lower transaction fees:** FPX generally has lower transaction fees compared to credit or debit card processing fees.
*   **Enhanced security:** Transactions are conducted within the secure environment of the customer’s bank portal, reducing the risk of fraud and data breaches. Two-factor authentication (2FA) is used to verify the customer's identity.
*   **High trust & adoption:** FPX is a trusted payment method in Malaysia, which increases customer confidence and conversion rates.
*   **No chargebacks:** Since payments are directly debited from the customer's bank account and authenticated by the bank, there is no risk of chargebacks, which is a common issue with credit cards.
*   **Broad customer reach:** FPX supports all major banks in Malaysia, allowing businesses to accept payments from a wide range of customers.
*   **Easy integration:** FPX works seamlessly with leading platforms and payment gateways, making it simple for businesses to add it as a payment option.

## FPX vs other payment methods

*   **FPX vs Credit/Debit cards:** FPX offers lower fees, a quicker next-day settlement, and enhanced security as transactions are directly authenticated by the customer's bank, eliminating the risk of card fraud and chargebacks.
*   **FPX vs E-wallets**: FPX serves a broader demographic through internet banking with higher limits, while e-wallets are popular for smaller, mobile-friendly transactions but often capped by wallet limits.

In summary, use FPX for high-value transactions or for customers who prefer the security and convenience of direct bank transfers. Use credit/debit cards for customers who want to use their cards to earn rewards, and use e-wallets for smaller, on-the-go payments.

## How to transfer money using FPX?

![FPX money transfer process](https://inspiring-reward-2db3274af5.media.strapiapp.com/251015_02_02_img_alpha_d720917a3d.webp)

A typical FPX transaction flow from a customer's perspective is as follows: 

1.  **Select FPX**: The customer selects "FPX" as their preferred payment method on the merchant’s website.
2.  **Choose bank**: The customer is then presented with a list of participating banks and chooses their bank. Then, they are redirected to their bank’s secure internet banking login page.
3.  **Login & authorize**: The customer logs in to their online banking account and selects the account from which they want to pay. They then review and confirm the transaction details.
4.  **Authentication**: The bank uses security measures like Two-Factor Authentication (2FA) via a TAC (Transaction Authorization Code) or push notification to authenticate the transaction.
5.  **Confirmation**: Once authenticated, the bank processes the payment. The FPX network receives confirmation of the successful transaction and instantly notifies the merchant.
6.  **Transaction complete**: The customer is redirected back to the merchant's website, where a payment success page is displayed.

## How to start accepting FPX payments?

Getting started with FPX is straightforward. Businesses can begin accepting FPX payments by following these steps:

1.  **Choose a payment gateway:** Select a payment gateway provider that offers FPX integration, such as Billplz.
2.  **Sign up & register:** Sign up for an account with the chosen provider and complete the necessary business verification.
3.  **Integration:** Integrate the payment gateway with your business platform. This can be done via plugins for platforms like WooCommerce and Shopify, or through API integration for custom-built websites.
4.  **Testing:** Conduct test transactions to ensure the payment flow is working correctly before going live.
5.  **Go live & accept payments:** Once testing is complete, you can start accepting FPX payments from your customers.

_Also read:_ [_Shopify payment gateway in Malaysia with local payment methods_](https://main.billplz.com/blog/products/shopify-payment-gateway-malaysia-local-payment-methods)

## FPX payment guides for business owners

Follow these quick tips to ensure a smooth and secure FPX payment experience for your customers:

*   **Simplify checkout flow:** Make the process fast and mobile-friendly. Display FPX clearly as a payment option to encourage use.
*   **Clear customer communication:** Let users know FPX is a safe, real-time bank transfer—no cards required.
*   **Manage refunds & reconciliation:** Use transaction IDs for easy tracking. Set expectations as FPX refunds may take several business days.
*   **Prioritize security:** Ensure your site uses SSL, choose a compliant provider like Billplz, and enable fraud checks.

## Billplz solutions for FPX payments

Billplz offers a seamless, cost-effective solution for businesses in Malaysia to accept FPX payments with ease.

With flat fees starting from **RM 0.70 per transaction**, Billplz makes it easy and affordable for businesses to manage payments. This is ideal for SMEs and growing brands looking for a secure and efficient solution.

**Key features of Billplz's FPX payment solution include:**

*   FPX at a flat rate from as low as MYR 0.70.
*   Fast settlement, with payouts reaching your account by the next business day.
*   Real-time transaction confirmation, giving you instant updates on successful payments.
*   A user-friendly dashboard for easy management, along with API integration for seamless automation.
*   An optional split payment feature for more complex transactions.
*   Enterprise-grade protection for every transaction with 2FA, and PCI DSS compliance.

A wide range of industries already trust Billplz for FPX payments, including e-commerce, education, NGOs, and event organisers.

**Why choose Billplz for FPX payments?**

Billplz is a preferred choice for FPX payments due to its commitment to security, transparency, and ease of use.

*   **Bank-level security** ensures all transactions are safe.
*   **Transparent, low-cost pricing** helps businesses manage expenses.
*   **99.999% uptime reliability** means payments are always available.
*   **Easy setup** through a dashboard or API allows for quick integration.
*   **Scalable solutions** cater to businesses of all sizes, from small businesses to large enterprises.

---

## FAQ

### Is FPX the same as online banking?

No. FPX is a payment gateway that facilitates a transaction through a customer's online banking account. It is the secure link between a merchant's website and the customer's bank.

### Is FPX the same as DuitNow?

No, they are different services under the same operator, PayNet. FPX is a real-time bank transfer for online payments. Meanwhile, DuitNow is a broader service that includes online banking payments (DuitNow Online Banking/Wallets, which is replacing FPX) as well as peer-to-peer transfers using mobile numbers or NRICs (DuitNow QR and DuitNow Transfer).

### Why is FPX trusted in Malaysia?

FPX is trusted because it is operated by PayNet (a subsidiary of Bank Negara Malaysia), and transactions are secured by the customer's own bank's high-standard security protocols and authentication methods.

### What is the maximum limit for FPX?

The maximum limit varies by bank and account type. For personal accounts, the limit is typically up to RM30,000 per transaction, while for corporate accounts, it can be as high as RM1,000,000.

### What is the minimum amount for FPX?

The minimum amount for an FPX transaction is typically RM1.00 for personal accounts.

### How fast is FPX settlement?

The payment itself is real-time. For merchants, funds are typically settled and deposited into their bank account on the next business day, depending on their payment gateway provider.

### Is FPX safe for online business transactions?

Yes. FPX uses bank-level security measures, including strong encryption and Two-Factor Authentication (2FA), to ensure all transactions are safe. It also does not store a customer's banking credentials.

### What banks are supported under FPX?

Over 20 banks in Malaysia are supported by FPX, including Maybank, CIMB, Public Bank, RHB Bank, Hong Leong Bank, and many more.

### How much does FPX cost per transaction?

The cost is typically a flat fee determined by the payment gateway or bank. Billplz offers flat fees starting from RM 0.70 per successful transaction.

---

## **Conclusion**

FPX has cemented its role as a cornerstone of online payments in Malaysia. Its ability to provide fast, secure, and reliable transactions directly from bank accounts helps businesses build customer trust and streamline their payment processes.

By integrating FPX, businesses can tap into a broad base of customers and improve their operational efficiency.

_Ready to simplify your business’s payment collections? Start accepting FPX payments today with_ [_**Billplz**_](https://main.billplz.com/) _– a simple, affordable, and trusted solution. New merchants receive **MYR 25.00** in starter credit with code **GROWTHPRO** (valid until 31 December 2025)._

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Discover how FPX payments work in Malaysia, their benefits for businesses, and how Billplz makes accepting FPX fast, affordable, and secure.

FPX payment for business: How it works, guides & our solutions

**KUALA LUMPUR, 26 September 2025 —** Billplz won the Digital Innovation & Scalability Award at the IMT-GT Business Excellence Awards in Kuala Lumpur. The Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council recognised the 30-person Malaysian fintech among companies across three countries.

After 13 years focused exclusively on Malaysian payment infrastructure, the award reflects how depth of market understanding can be as impactful as breadth of regional expansion. Billplz processes over MYR 4 billion annually for Malaysian businesses through infrastructure built specifically for local workflows, regulations, and payment preferences.

## What the IMT-GT Business Excellence Awards recognise

The Indonesia-Malaysia-Thailand Growth Triangle represents 85 million people across 35 provinces and states. The 2025 awards recognised businesses demonstrating regional economic contribution through innovation, operational scalability, and measurable environmental impact. Deputy Prime Minister Datuk Seri Fadillah Yusof emphasised at the September 2025 gala:

> Under ASEAN Chairmanship 2025, Malaysia emphasizes an inclusive and sustainability agenda aligned with IMT-GT Vision 2036 goals focusing on interconnectivity, trade facilitation, digitalization, and sustainable development.

The award validates Billplz’s Malaysia-first approach to fintech development. While many payment platforms expand across multiple markets simultaneously, Billplz has spent over a decade building infrastructure for one: Malaysia.

![The Billplz team at the IMT-GT Awards Gala, Kuala Lumpur](https://inspiring-reward-2db3274af5.media.strapiapp.com/251001_img2_2a7c992c66.webp)

## How Malaysia-first focus won regional recognition

Billplz operates with 30 people focused on one market. This concentration allows deep integration with Malaysian business infrastructure — understanding FPX adoption patterns, navigating Bank Negara Malaysia requirements, building features around Malaysian tax workflows, and optimising for local internet infrastructure.

The platform supports every payment method Malaysian customers use: FPX, DuitNow, cards, e-wallets, and buy now pay later. All systems maintain certification from PayNet and Bank Negara Malaysia.

## Infrastructure used daily by Malaysian businesses

Malaysian businesses now move over MYR 4 billion annually through Billplz's platform. The infrastructure processes transactions for businesses ranging from individual entrepreneurs to large enterprises. The team operates from Selangor, built around understanding Malaysian market dynamics.

The award recognizes thirteen years of work, but the Malaysia-first approach continues evolving. DuitNow QR adoption is accelerating among SMEs. E-wallet preferences shift with each generation. Payment infrastructure built for Malaysian businesses still has room to deepen.

The IMT-GT award confirms this: fintech built for Malaysians can set regional benchmarks.

Billplz IMT-GT Business Excellence Awards 2025

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Billplz wins IMT-GT Digital Innovation Award 2025. How 13 years of Malaysia-first focus and MYR 4B+ payment processing earned regional recognition.

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