Cheapest payment gateways in Malaysia
As of 2026-11-02, Herepay is the cheapest payment gateway in Malaysia with officially published rates, at about RM1.07 per RM100 transaction, followed by Fasspay (RM1.12) and M1Pay (RM1.16).
Cheapest is measured, not guessed: we parse each provider's officially published FPX, card and e-wallet rates and compute the blended cost of a RM100 transaction. Providers without comparable published rates cannot be ranked honestly, so they appear separately as quote-based.
Cheapest by sale size
The same published rates, costed at different sale sizes. Try your own amount in the fee calculator.
Ranked by estimated cost (published rates)
Community and business collections with flat RM0.70 FPX · FPX RM0.70 · Card RM0.70 + 1%
Soft Space gateway for cards, e-wallets and DuitNow QR · Card From 1.2% · E-wallet From 1% · DuitNow QR From 1%
Malaysian payment gateway by MobilityOne: FPX, cards, e-wallets, DuitNow QR · FPX RM0.80 · Card 1.8% · E-wallet 1% - 1.2%
Low-rate Malaysian gateway by Cardbiz Group · FPX RM1.00 (B2C) · Card 1% – 2% · E-wallet 1.2%
Shariah-compliant FPX & DuitNow QR for SMEs, NGOs & government · FPX RM1.00 · Card 1.5% · DuitNow QR 1% or RM1.00
BNM-licensed open payment platform for SMEs · FPX From 1.00% · Card From 1.80% (min RM0.60) · E-wallet From 1.00%
Malaysian payment gateway with e-wallet and POS · FPX RM1.00 (B2C), RM1.50 (B2B) · Card 1.5% credit / 1.0% debit (local) · E-wallet 1.5%–1.8%
Full-channel gateway with T+1 settlement and fast setup · FPX RM1.00 · Card 1.75% · E-wallet 1.5%
FAQ
What is the cheapest payment gateway in Malaysia?
As of 2026-11-02, Herepay has the lowest estimated blended cost at about RM1.07 per RM100 transaction, among providers with officially published rates. Quote-based providers may negotiate lower, but publish no comparable rates.
Is the cheapest gateway the same for small and large sales?
On a RM20 sale, Fasspay is cheapest (about RM0.22). On a RM100 sale, Herepay is cheapest (about RM1.07). On a RM500 sale, Herepay is cheapest (about RM2.57). A flat FPX fee weighs more on a small sale, while a percentage fee grows with the sale.
What are my options for a payment gateway in Malaysia?
79 of the 81 Malaysian providers in this directory match this need. 8 of the top matches publish comparable official rates; the rest quote on request.
How is the cost per RM100 worked out?
We apply each provider's officially published rates to a RM100 sale and blend the channels as 50% FPX, 30% card and 20% e-wallet, a typical Malaysian SME mix. Flat and percentage fees are costed separately: a flat RM1.00 FPX fee counts as RM1.00 and 1.5% counts as RM1.50. Channels a provider does not publish are left out of its blend. Try the fee calculator with your own sale size.
Are these fees official?
Fees without a marker come from the provider's official pricing page (see the source and verified date on each detail page). Values with a trailing * are third-party or indicative and are excluded from the ranking. Where nothing is published we say "Contact sales" instead of inventing a number.