Feb 12, 2021 - 07:23 AM
Let's have a look at five tried and tested payment gateways in the Philippines and Malaysia.iPay88
Possibly the biggest online payment service provider in Southeast Asia and they process all the major credit cards. Merchants can also transfer funds from their accounts to their local banks. iPay88 is considered ideal for big marketplaces and has two subscriptions: the SME plan and the SOHO plan, both allowing customers to pay in MYR.
Image source: iPay88
Was founded in 2013 and offers secure internet payments covering both card and non-card payment channels throughout Southeast Asia. It is regulated by Bank Negara Malaysia as a non-bank acquirer.
Image source: eGHL
Razerpay (Formerly known as MOLPay)
Processes global debit and credit cards including MasterCard and Visa at very competitive rates in Southeast Asia. It's a leading payment gateway that serves popular and common brands like Expedia, Grab, Lazada, Starbucks, Sephora, Uniqlo, and many more.
Two payment plans are available: RazerPay Lite Plan and RazerPay Premium Plan so it will be easy to find something that works for your scale.
Image source: Razerpay
Is a popular and global gateway that also covers Southeast Asia. Flexible, secure and well-known, it's a breeze making payments and getting paid so you are sure of thriving when you get on board.
You also only pay when you make a sale and this protects you against paying a service fee when you haven't actually used the service.
Image source: PayPal
is the final gateway we will look at and they're popular because they have fast settlements for online banking as well as low fees. They have three plans for merchants who choose their services: Basic, Standard, and Enterprise.
Their registration is as easy and fast as the rest of their services so you will have an easy time following along and getting started with them.
Image source: Billplz