CHIP
On BNM registerAll-in-one digital finance platform for Malaysian business
Integrate·Sign up, get API keys, then integrate via the API/SDK or a CMS plugin (WooCommerce, Shopify and more).
#12
cheapest of 28 ranked
- FPX
- RM1.00
- Card
- 2%
- Setup
- RM0
- Settlement
- T+1–T+2
RM1.38
Est. fee per RM100 sale
| FPX (online banking) | RM1.00 |
|---|---|
| Card (local credit/debit) | 2% |
| International card | 3% |
| E-wallet | 1.40% |
| DuitNow QR | 1% |
| BNPL | 1.4% (SPayLater) / 5.3% (Atome) |
| Setup fee | RM0 |
| Monthly / annual fee | RM0 |
| Minimum transaction | — |
| Settlement | T+1–T+2 |
CHIP (CHIP IN Sdn Bhd) is an all-in-one digital finance platform whose CHIP Collect product handles online and over-the-counter payments. It pitches “only pay when you get paid” with no setup or monthly fees.
Indicative collection rates are around RM1.00 for FPX, ~2% for credit cards (1% local debit), DuitNow QR at 1%, e-wallets at 1.4%, and BNPL at 1.4% (SPayLater) or 5.3% (Atome). A stablecoin channel (1.5%, settled in MYR) is also listed. Fees are subject to 8% SST. Most payments settle to your bank within 1–2 business days. It supports recurring charges via saved tokens, plus payment links and a developer API.
CHIP also offers a wider stack: payouts (Send), expense management, treasury and compliance tools, so it suits businesses that want more than just a checkout. Treat the rates here as indicative and confirm the current MDR with CHIP.
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