Stripe gives businesses tools to handle different parts of the payment journey. Get a clear look at Stripe Malaysia and see how its payment setup could work for your business
Key takeaways
- Stripe is a payment provider available to Malaysia-registered businesses for accepting payments, handling billing and receiving payouts
- Stripe offers Checkout, Payment Links, Invoicing, Subscriptions and Billing, Connect, and Dashboard and API tools for payments and billing
- Transaction charges start at 3% + RM1.00 for domestic card transactions, with additional fees for international cards and currency conversion
- The World Account is a multi-currency account that can receive USD payouts from Stripe and support holding, converting and sending USD and MYR across borders
Founded in 2010 (as /dev/payments), Stripe officially launched its payment platform in September 2011. Stripe helps businesses accept customer payments through different payment methods and then receive the funds into their accounts.1
Its transaction fees vary by payment method in Malaysia, starting at 3% + RM1.00 for domestic card transactions and 3% + RM1.00 + 1% for international cards, with an additional 2% when currency conversion is required.2 This guide covers how businesses can use Stripe Malaysia for payments and how a World Account can work alongside it for handling foreign currency transactions that Stripe Malaysia doesn’t settle directly.
What is Stripe?
Stripe is a global payment provider that helps businesses accept online payments and handle payment-related workflows.1 Businesses can use Stripe Payments to accept cards and local payment methods, create payment links, send invoices, set up subscriptions and send/receive payments.1,3,4,5,6 Its product suite also includes Stripe Checkout, Stripe Billing and Stripe Connect for marketplaces and platforms.5,7,8
Is Stripe available in Malaysia?
Stripe Malaysia settles payouts in MYR only. Incoming payments in other currencies are automatically converted to MYR when funds are received in the Stripe account. Multi-currency settlement, which lets businesses accrue balances in multiple currencies, is available in some Stripe markets (including Singapore and Australia) but is not currently supported for Malaysia-registered businesses.10
Stripe features for Malaysian businesses
Stripe Payments
Stripe Payments lets businesses accept online and in-person payments, with access to 125+ payment methods and 135+ currencies in 195+ countries.3 Malaysian payment methods include FPX and GrabPay alongside major card networks and other methods available based on the account’s location.3
Stripe Checkout
Stripe Checkout provides a customisable hosted or embedded checkout experience supporting one-time payments and subscriptions in 30+ languages, across 135+ currencies and local payment methods.7
Stripe Invoicing
Stripe Invoicing lets businesses create and send invoices without code and accept payments through a Stripe-hosted invoice page.4 Stripe states that 87% of invoices are paid within 24 hours.4
Stripe Subscriptions and Billing
Businesses can set up recurring or hybrid pricing models, with 15+ built-in options including flat-rate, per-seat and tiered pricing.5 Users can also use tools for tax, payment recovery and subscription analytics.5
Stripe Payment Links
Stripe Payment Links lets businesses create a payment page without code and share the link through channels such as email or messaging.6 Links can be used for one-time payments, and subscriptions.6
Stripe Connect
Stripe Connect is designed for platforms and marketplaces that need onboarding, payments and payouts for connected businesses.8 It supports global payouts, embedded payment components and payment flows across multiple parties.8
Stripe Dashboard and APIs
The Stripe Dashboard gives businesses one place to view payments received/sent, billing and reports.9 Its REST APIs let businesses connect Stripe with their own systems and automate payments, billing, subscriptions and other financial workflows.9
Stripe charges in Malaysia
| Fee type | Stripe Malaysia fees2 |
| Set up cost | Zero |
| Monthly cost | Zero |
| Domestic cards | 3% + RM1.00 |
| International cards | 3% + RM1.00 + 1% |
| Currency conversion | 2% |
| Stripe Billing | 0.7% of Billing volume |
| Stripe Invoicing | 0.4% per paid invoice |
*Fees checked in October 2026
Pros and cons of Stripe for Malaysian businesses
| Pros | Cons |
|
|
How to open a Stripe account in Malaysia
- Register: Create a Stripe account using your Malaysia-registered business details.
- Verify: Submit the requested business, representative and ownership information, along with a functioning website or mobile application used to promote or sell your business.
- Connect: Add your business bank account details required for payouts and complete any additional verification requested through the Stripe Dashboard.
WorldFirst is built for global businesses
WorldFirst is an international payments provider offering the World Account, a multi-currency account for Malaysia-registered businesses that handle cross-border payments.
The World Account supports receiving USD and MYR, holding USD and MYR balances, sending payments in USD, MYR and CNH, and converting between the three currencies. For Malaysian businesses using Stripe, the World Account can serve as the account that handles the foreign currency side of the business. For example, receiving USD from international clients outside the Stripe flow, paying overseas suppliers in CNH, or holding foreign currency balances for international spending
FAQs
1. What payment methods does Stripe support in Malaysia?
Stripe lists FPX, GrabPay, Google Pay, Alipay, WeChat Pay, Affirm, ACH Direct Debit, and more as international payment methods for Malaysia.3,4 The exact methods available depend on the business and account configuration.
2. How do I create a Stripe payment link?
You can create a Stripe payment link from the Stripe Dashboard by selecting Payment Links, choosing what you want to sell, setting the price and payment options, and creating the link.6 You can then share the link with customers to accept payments without building a separate checkout page.6
3. Can I use WorldFirst with Stripe?
Yes, but with limits specific to the Malaysia market. Stripe Malaysia currently settles payouts in MYR only, so a Stripe Malaysia account cannot route USD payouts directly to a World Account USD balance. Malaysia-registered businesses using Stripe can still use the World Account separately for other parts of their foreign currency operations, receiving USD from international clients outside the Stripe flow, paying overseas suppliers in CNH or USD, and holding foreign currency balances
Sources
- https://stripe.com/en-my
- https://stripe.com/en-my/pricing#standard-pricing
- https://stripe.com/en-my/payments
- https://stripe.com/en-my/invoicing
- https://stripe.com/en-my/billing/subscriptions
- https://stripe.com/en-my/payments/payment-links
- https://stripe.com/en-my/payments/checkout
- https://stripe.com/en-my/connect
- https://docs.stripe.com/apis
- https://docs.stripe.com/payouts/multi-currency-settlement
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
