Billplz vs iPay88: Which payment gateway should you choose?

Nov 6, 2025

6 min

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 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 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

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

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 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 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?

Comparing Digital Payment Solutions for Malaysian Businesses

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
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

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 offers the clarity and flexibility to move forward with confidence.

Start with Billplz 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: