Billplz vs Stripe: Which payment gateway should you choose?

Nov 6, 2025

5 min

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 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 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

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

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 here!

Payment methods supported

Billplz supports FPX, DuitNow QR, major e-wallets (TNG, GrabPay, ShopeePay), BNPL, 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 here!

Also read: Shopify vs WooCommerce (WordPress): An updated, comprehensive 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

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.
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 delivers better cash flow, simpler integration, and a clearer path to growth.

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: