Best online payment processors in Malaysia [2026]

Payment processors help businesses collect and transfer payments through online and in-person channels. Learn how six payment processors in Malaysia compare on fees, payment methods and features

Key takeaways

• Payment processors handle transaction processing and fund transfers, while payment gateways manage payment authorisation and security at checkout
• Stripe, Billplz, PayPal Business, HitPay, Adyen and Fiuu support different combinations of card payments, bank transfers and digital wallets
• A multi-currency account like the World Account can work with a payment processor by receiving international payouts and holding foreign currency balances

Online payment processors help Malaysian businesses accept payments from customers through websites, mobile applications and other digital channels. They handle transactions involving bank transfers, credit and debit cards, digital wallets and other international payment methods, depending on the provider.

This guide covers six online payment processors in Malaysia, their features and pricing structures, and how multi-currency accounts complement payment collection. It also explores a multi-currency account by WorldFirst that supports sending, receiving, converting and holding both USD and MYR within a single account.

Payment processor vs payment gateway: What’s the difference?

Although payment processors and payment gateways are often used interchangeably, they perform different functions within an online transaction. Most modern providers combine both services, offering businesses an integrated payment infrastructure.

A payment gateway is the technology layer that captures and securely transmits payment information at checkout. It encrypts card details, sends authorisation requests to the relevant financial institutions and supports fraud screening and Payment Card Industry Data Security Standard (PCI DSS) compliance.

In practice, Stripe, PayPal Business, Adyen, Billplz, HitPay and Fiuu offer payment processing and payment gateway services through integrated platforms.

Best online payment processors in Malaysia

1. Stripe

Stripe provides payment processing and financial infrastructure for businesses, from startups to large enterprises.¹  Its platform supports online and in-person payments in 135+ currencies, international transactions and recurring billing.¹

Businesses can accept payments through cards and other supported payment methods, integrate checkout using APIs and pre-built plugins, or create payment links without coding.¹  Stripe also offers tools for subscription management, fraud prevention, payment analytics and marketplace transactions.¹  Its infrastructure supports businesses operating across international markets and different revenue models.¹

*Fees checked in November 2026

2. Billplz

Billplz provides online payment collection and disbursement services for Malaysian businesses.³  Its supported payment methods include FPX (Financial Process Exchange), DuitNow, credit and debit cards and digital wallets.³

Businesses can create payment links, online storefronts and payment bills through its dashboard or integrate collections using REST APIs and pre-built plugins.³  Additional features include automated split payments, next-business-day or real-time FPX payouts, transaction reporting and bulk disbursements through its Payment Order service.³

*Fees checked in November 2026

3. PayPal Business

PayPal Business provides online payment processing for Malaysian businesses selling to domestic and international customers.⁵  Its platform enables merchants to accept payments in 130+ currencies from customers worldwide through different checkout options and payment methods.⁵

Businesses can also create invoices, manage recurring payments, access reporting tools and track payouts.⁵  Additional features include seller protection, fraud management and risk controls.⁵  PayPal’s business solutions support different operational requirements, from individual sellers and small businesses to enterprises managing international payment volumes.⁵

*Fees checked in November 2026

4. HitPay

HitPay provides online and in-person payment processing for Malaysian businesses, with support for local and international payment methods.⁷ It is operational in 10+ countries and its services include online checkout, card terminals, payment links, invoicing and recurring billing.⁷

Businesses can integrate HitPay with platforms such as Shopify, WooCommerce and Wix or use its REST API for custom payment experiences.⁷ Supported local options include DuitNow and Touch ‘n Go eWallet, alongside cards and other digital wallets.⁷ Its cross-border payment features also allow international customers to pay using supported local payment methods.⁷

*Fees checked in November 2026

5. Adyen

Adyen provides a unified payment platform for businesses accepting online and in-person transactions in MYR and USD.⁹ Its payment processing services support 200+ payment methods such as international card networks, digital wallets and local payment methods.^9,10

In Malaysia, Adyen supports FPX online banking, allowing customers to pay directly through their consumer bank accounts.⁹ The platform supports refunds and transfers funds back to customers’ bank accounts without merchants collecting their banking information.⁹ Businesses can integrate multiple payment methods through one platform and manage payment acceptance across different markets.⁹

*Fees checked in November 2026

6. Fiuu

Fiuu (formerly MOLPay and Razer Merchant Services) provides online and in-person payment processing across Southeast Asia, including Malaysia to 75,000+ merchants.¹²  Its payment terminal features a dual-screen design that supports different payment methods for merchants and customers.¹²

It supports over 110 payment methods, including credit and debit cards, digital wallets, bank transfers, Apple Pay, Google Pay and Buy Now, Pay Later services.¹²  Fiuu also supports direct debit, Alipay+ and cross-border payments.¹²  Its platform combines online checkout, physical payment terminals for accepting payments at retail stores and other in-person locations.¹²

*Fees checked in November 2026

Which payment processor fits your business?

Payment processing requirements vary according to business size, customer location and transaction volume. The following considerations outline the typical applications of each provider:

• Stripe: Supports online businesses, subscription-based services, SaaS companies and enterprises requiring API-based payment integrations¹
• Billplz: Provides payment collection, FPX transactions, payment links and disbursement features for Malaysian organisations and businesses³
• PayPal Business: Supports merchants accepting international customer payments, issuing invoices and managing recurring transactions⁵
• HitPay: Combines online checkout, physical terminals, payment links and local payment methods for omnichannel businesses⁷
• Adyen: Provides integrated payment infrastructure for businesses handling transactions across multiple markets and sales channels⁹
• Fiuu: Combines online payment processing, physical payment terminals and Southeast Asian payment methods through one platform¹²

The World Account: Multi-currency receiving for payment processor payouts

Payment processors collect customer payments and transfer the proceeds to a merchant’s bank account. For Malaysian businesses receiving revenue from overseas customers, marketplaces and payment gateways, settlements into a standard MYR business bank account may involve converting foreign currency payouts into MYR. This means businesses may not be able to retain their earnings in the original currency for future international transactions.

The World Account from WorldFirst addresses this requirement through a multi-currency account built for Malaysian businesses with international payment needs. WorldFirst is an international payments provider that enables businesses to receive and hold funds in USD and MYR, send payments to overseas suppliers and business partners in USD, MYR and CNH, and convert between these currencies within the account. Businesses can therefore retain supported foreign currency balances and use them for cross-border transactions instead of converting every incoming payment into MYR.

Key features of the World Account 

• Collect payments in USD and MYR using local receiving account details
• Maintain separate USD and MYR currency balances within one account
• Transfer funds internationally in USD, MYR and CNH to international suppliers and other business contacts
• Exchange funds between USD, MYR and CNH through the account
• Connect with over 130 marketplaces and payment gateways, such as Amazon, Shopify, Stripe and Etsy
• Use Firm Orders for eligible transactions in USD, MYR and CNH
• Make payments to suppliers in China through World Pay, the authorised international payment provider for 1688.com

FAQs

1. What is a payment processor?

A payment processor is a service that handles the processing and movement of funds between customers, banks, card networks and merchants. It enables businesses to accept and settle online or in-person payments through supported payment methods, including cards, bank transfers and digital wallets.

2. What’s the best online payment processor in Malaysia?

The best online payment processor depends on a business’s payment methods, customer locations, transaction volumes and integration requirements. Stripe, Billplz, PayPal Business, HitPay, Adyen and Fiuu offer different combinations of local payment acceptance, international processing, recurring billing and integration options.^1,3,5,7,9,12

Businesses receiving international revenue can also use the World Account by WorldFirst alongside a payment processor. Although it does not process customer payments at checkout, it provides local receiving account details to collect eligible international payouts, hold funds in USD and MYR, convert currencies and pay overseas suppliers in supported currencies.

3. Which is the cheapest online payment processor in Malaysia?

The cost of an online payment processor depends on its transaction fees, payment methods and pricing structure. Some providers charge a percentage of each transaction, while others use fixed fees or combine both. Businesses should also check for setup charges, monthly subscriptions, annual fees and currency conversion costs before choosing a provider.

4. How long does it take for a payment processor to transfer money to a business bank account?

The settlement period depends on the payment processor, payment method and merchant agreement. Some providers offer next business day payouts, while others take two or more working days to transfer collected funds. Businesses should check the settlement schedule, payout conditions and applicable fees when comparing providers. Here’s a guide that tells you how long does an international wire transfer take.

5. Can Malaysian businesses accept international payments through online payment processors?

Yes. Malaysian businesses can accept payments from overseas customers through providers that support international cards and cross-border payment methods. But supported currencies, countries, transaction fees and settlement options vary by provider. Businesses receiving foreign currency revenue should also check whether payouts can be retained in the original currency or are converted into MYR before reaching their bank accounts.

Learn all about foreign currency accounts here

Sources

1. https://stripe.com/en-my
2. https://stripe.com/en-my/pricing
3. https://main.billplz.com
4. https://main.billplz.com/pricing
5. https://www.paypal.com/my/business
6. https://www.paypal.com/my/digital-wallet/paypal-consumer-fees
7. https://hitpayapp.com/my/
8. https://hitpayapp.com/my/pricing
9. https://www.adyen.com/payment-methods/online-banking-malaysia#faq
10. https://www.adyen.com/payment-methods
11. https://www.adyen.com/pricing
12. https://fiuu.com
13. https://booster.fiuu.com/assets/Appendix_20260507.pdf

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.