If your business have an eCommerce website where customer can purchase products or services online, then payment gateway if one of the important future that must have in your website.
The ease of payment gateway allow your customer to pay with their debit/credit card or through online banking (FPX) from local bank such as Maybank2u, CIMB, RHB, BSN and much more.
Some payment gateway provider can accept payment via eWallet such Touch n Go, Boost, Shopee Pay and more eWallet.
Here in this article, whether you're a company owner, website developer, or marketer. We've compiled a list of payment gateways that can be used that are suitable for Malaysian customers.
The conversion rate of your website rises when customers have multiple purchasing options to choose from. 90% of internet user has made purchase online. This statistics retrieve from Commission Factory.
Read: Malaysia eCommerce Statistics and Trends in 2023
Top 5 Malaysia's payment gateway provider that we recommend:
ToyyibPay
If you're searching the most cheapest payment gateway charge per transaction, ToyyibPay is the solution that you would love.
Without a subscription fee, website owner can accept payment on website with FPX as low as RM 1 per transaction.
SenangPay
Next payment gateway provider is SenangPay, it provides all in one solution payment method that you can choose from.
With various type of payment method, you can offer your website purchaser a convenient way to pay online.
SenangPay offer payment through online banking (FPX), Credit/Debit Card (Visa), e-Wallet such as Touch n Go, Boost, Grab Pay, and Shopee pay
SenangPay charge per transaction as low as 1.5% from total purchase.
BillPlz
Billplz widely known local payment gateway in Malaysia. Many businesses use billplz as it provides good customer support through email or Google Meet.
Starting January 2023, Billplz revise its pricing plan by offering its user a free subscription plan for its user with a charge per transaction of RM 1 via FPX.
Billplz free plan offer its user with payment method via online banking (FPX), Visa/Mastercard and Wallet.
Atome
The term Buy Now Pay Later (BNPL) are now more famous in Malaysia and even on worldwide.
The mechanism of Buy Now Pay Later, provides customer to purchase products online (website or apps) and split it with minimum of 3 months of payment.
With Atome, customer can buy any products online or in-store via Atome apps.
PayHalal
PayHalal follows to the principles of transparency and fairness in all financial transactions, which is one of its key features. There are no hidden fees or charges on the platform, and all fees are clearly disclosed upfront. This is consistent with the Islamic concept of honesty in business dealings, which emphasises transparency and fairness.
Another feature of PayHalal is its commitment to avoiding interest-based transactions. Because interest is considered haram (forbidden) in Islamic finance, the platform does not enable any interest charges to be applied to any transactions. PayHalal instead employs a profit-sharing model, in which any profits produced by a transaction are split equally between the buyer and seller.
PayHalal also guarantees that all transactions are carried out in accordance with zakat and sadaqah principles. Zakat is an Islamic principle that requires Muslims to give a part of their wealth to the less fortunate, whereas sadaqah refers to charitable contributions made voluntarily. PayHalal makes it simple for users to donate to important causes by facilitating the collection and distribution of zakat and sadaqah funds.
Additional Information For Advance WordPress User...
By the way WordPress is the most well know Content Management System (CMS), you can built a blog with it, a business website, an eCommerce website (with or without payment gateway), e-Learning system and much more as you want.
The more complex your website the more plugin you will need to customize everything in WordPress backend system.
One recommended plugin that you can use in order to reduce plugin consumption is by having custom post type or known as CPT.
What is CPT and what it can even do? explore here: Why You Need Custom Post Types (CPT) for Your WordPress Website?
