Stripe Vs Adyen Vs HitPay: 8 Best Payment Gateways In Malaysia (2026)

Ranks eight payment gateways in Malaysia for merchants selling into the market from abroad, on method coverage, developer experience, reach, acquiring, payouts, onboarding, settlement, pricing, recurring payments and support, verified October 2026.

Key takeaways

• Stripe leads the ranking at 5.8 / 10: it publishes Malaysian rates for cards, FPX, Alipay and GrabPay with no setup or monthly fees.
• Adyen (#2, 5.8 / 10) suits subscriptions because it documents recurring payment types; HitPay (#3, 5.1), Billplz (#4, 5.0) and senangPay (#6, 4.9) suit Shopify stores.
• Unlimit ranks #5 at 4.9 / 10: unpublished pricing limits its score, and WooCommerce stores are its fit.
• A Malaysian business registration or bank account gates Stripe (for FPX), HitPay and senangPay, so a merchant selling from abroad must check entry requirements first.
• A gateway should cover FPX, DuitNow QR, e-wallets, cards and buy-now-pay-later among its payment methods, because provider lists differ.
• Choose by entry requirement first, then methods, rates and settlement, because no single provider is best for every merchant.

The short answer

Of the eight payment gateways in Malaysia ranked here, Stripe leads at 5.8 / 10 for online stores, Adyen follows in second place for subscriptions and recurring billing and HitPay is third for Shopify stores, while Unlimit ranks #5 of 8 for WooCommerce stores.

The ranking

The 8 best payment gateways in Malaysia, ranked by a weighted score out of 10 and verified October 2026.

Price bands: $ = published card rate of 2.9% or less per transaction, with no monthly fee; $$ = published card rate above 2.9%, a published monthly fee, or quote-based pricing; $$$ = enterprise contract or interchange++ pricing with a setup fee or a monthly minimum.

What is a payment gateway in Malaysia, and is FPX one?

A payment gateway is the service that lets a merchant accept payments at checkout and passes each payment on for authorisation; readers who want the full flow can go to payment gateway and how it works.

Is FPX a payment gateway? FPX online banking is a payment method that a gateway offers to merchants in Malaysia, so a merchant compares each FPX payment gateway by whether it supports FPX. Adyen’s documentation lists FPX Online Banking Malaysia as an online banking method for Malaysia in MYR (Adyen payment methods).

The gateway is separate from the acquirer and the processor, which hold the card acquiring and processing relationship; readers who want the detail can go to acquiring processing or a payment gateway. According to Christopher & Lee Ong, Fintech Regulation, a “merchant acquiring service” is defined under section 2 of the Financial Services Act as the business of an operator of a payment system that enters into a contract with a merchant for the purpose of accepting payment instruments for payment of goods or services.

How this was scored

Weighted for merchants that sell into Malaysia from abroad or across several markets: local method coverage and developer experience count most, because the market’s pages and answers raise them most often; reach across markets, local acquiring, payouts, non-resident onboarding, settlement and FX, and pricing transparency each count the same; recurring payments and support count least, because the market’s pages and answers raise them least often. This Malaysia payment gateway comparison scores each of the 8 ranked providers out of 10 on the ten weighted criteria, and the weights were locked in October 2026 before research. The publisher is scored by the same process and its position is not edited.

Published by Unlimit. Unlimit is #5 on this list and is scored on the same rubric as every other entry.

Known limitations. Scope: 9 providers were screened and only those serving Malaysia online were scored. Pricing: bands reflect published rates or, where none are published, the pricing model, and a merchant’s quote may differ. Publisher status: the publisher of this list is ranked in it, as the disclosure states. The list is not professional advice.

Every provider fact was checked against the provider’s own pages or filings in October 2026, and market figures carry their source and date inline.

Where Unlimit fits

Unlimit is #5 of 8. Pricing transparency limits its score: Unlimit publishes no rates and states that each client has an individual plan with negotiated rates, as its merchant-account guide says.

Right for merchants running WooCommerce stores, since Unlimit’s integration documentation lists a WooCommerce plugin and a sandbox for the first integration.

Not the best fit for merchants that need to see Malaysian transaction rates before they contact a provider, because the merchant-account guide gives no rates.

Every entry

Each card in this list of payment gateways carries one strength and one criticism, the first-ranked entry and the publisher’s own entry included.

Stripe

• Verdict: Stripe takes FPX payments in MYR from customers in Malaysia.
• Best for: Online stores in Malaysia.
• Price band: $$
• Company: Stripe Payments Malaysia Sdn Bhd is listed as a Registered Merchant Acquirer (Non-bank) by Bank Negara Malaysia, and its BNM directory entry names no card-scheme membership.
• Strength: Publishes Malaysia rates of 3% + RM 1.00 for domestic cards and FPX, 2.9% + RM 1.00 for Alipay and 3% for GrabPay, with no setup or monthly fees.
• Criticism: Requires a Malaysian Business Registration Number to process FPX charges and receive payouts, so a merchant without a Malaysian business registration cannot do either.
• Use cases: Adds FPX through a hosted checkout page or drop-in components, and from the Dashboard to Invoicing and Payment Links.
• Risk signals: Publishes a 99.999% historical uptime figure and links it to a status page.
• Score: #1 of 8, 5.8 / 10, verified October 2026.

Adyen

• Verdict: Adyen lists DuitNow, Touch’n Go, Boost and GrabPay for Malaysia in MYR.
• Best for: Subscriptions and recurring billing in Malaysia.
• Price band: $$
• Company: States on its homepage that it is backed by US, UK and EU banking licences, a statement not read from a register.
• Strength: Lists 61 countries and regions in its payment-methods country filter, Malaysia included.
• Criticism: Names automated payouts on its homepage without any payout method or market, so a merchant cannot confirm from verified pages which payout methods Adyen offers for Malaysia.
• Use cases: Supports subscriptions, recurring transactions that the merchant initiates at regular intervals.
• Risk signals: Calls its published fees indicative and applies a minimum invoice depending on industry or business model.
• Score: #2 of 8, 5.8 / 10, verified October 2026.

HitPay

• Verdict: HitPay auto-enables Touch ‘n Go for verified Malaysian merchants on the standard online and in-person flows.
• Best for: Shopify stores in Malaysia.
• Price band: $
• Company: Operates in Malaysia under HitPay Payment Solutions Sdn Bhd and Mobiedge E-commerce Sdn Bhd, and states that Mobiedge is a registered merchant acquirer regulated by Bank Negara Malaysia, not confirmed on the BNM register.
• Strength: Publishes Malaysia rates of 1.2% + RM1 for domestic cards, 1.2% for DuitNow and 1.8% + RM 0.40 for FPX, with no monthly or setup fee.
• Criticism: States that account set-up typically requires an SSM business registration number, a MyKad or passport and a Malaysian business bank account, so a merchant without a Malaysian business or bank account will usually not be able to open one.
• Use cases: Enables cards, FPX, DuitNow and major e-wallets under one merchant account through six channels: Shopify, WooCommerce, payment links, invoicing, POS and API.
• Risk signals: States a Major Payment Institution licence from the Monetary Authority of Singapore, held outside Malaysia and not checked on the MAS register.
• Score: #3 of 8, 5.1 / 10, verified October 2026.

Billplz

• Verdict: Billplz offers annual membership plans in MYR: Basic free, Standard at 999.00 and Enterprise on custom terms.
• Best for: Shopify stores in Malaysia.
• Price band: $
• Company: States that it is a Visa Payment Facilitator authorised by Visa, and the page names no market or acquirer.
• Strength: Enables ten Malaysian methods: FPX, DuitNow QR, Touch ‘n Go eWallet, GrabPay, ShopeePay, Boost, Visa, Mastercard, Atome and PayLater by Grab.
• Criticism: Lists card payouts to the merchant at T+2 business days against next business day for online banking, so a merchant taking mostly card payments waits two business days for its funds.
• Use cases: Lists pre-built plugins for five platforms: Shopify, WooCommerce, EasyStore, OpenCart and Magento.
• Risk signals: States that it is PCI DSS Level 1 certified and audited annually.
• Score: #4 of 8, 5.0 / 10, verified October 2026.

Unlimit

• Publisher’s entry
• Verdict: Unlimit lists the Visa, Mastercard, Diners and Discover card brands plus Apple Pay and Google Pay for Malaysia and names no Malaysian domestic card scheme.
• Best for: WooCommerce stores in Malaysia.
• Price band: $$
• Company: States on its payment-processing page that it accepts all major card brands and local payment methods in 50+ currencies and 200+ locations, and the page names no countries.
• Strength: Lists plugins for Magento, WooCommerce, OpenCart and PrestaShop in its integration documentation, and runs the first integration in a sandbox before a live account is prepared.
• Criticism: Publishes no rates, but its August 2020 merchant-account guide states that each client has an individual plan with negotiated rates, so a merchant cannot see its Malaysian transaction costs before it contacts Unlimit.
• Use cases: Lists the Grabpay, Boost, Touch’n’Go and PayPal wallets and online banking through ten named banks, including Maybank Malaysia and CIMB Group, for Malaysia.
• Risk signals: States that it is a PCI DSS Level 1 Certified Service Provider.
• Score: #5 of 8, 4.9 / 10, verified October 2026.

senangPay

• Verdict: senangPay offers an Instalment Payment Plan with monthly instalments from participating banks for up to 24 months.
• Best for: Shopify stores in Malaysia.
• Price band: $
• Company: States in its merchant agreement that it is licensed by Bank Negara Malaysia and that its services are payment facilitator services, not banking services.
• Strength: Publishes rates of RM 1 or 1.5% for FPX, RM 0.65 or 2.5% for local cards and RM 0.65 or 1.5% for e-wallets, each whichever is higher, and 2.0% to 6.0% for buy-now-pay-later.
• Criticism: Requires a valid operational bank account in Malaysia and a merchant incorporated under Malaysian law, so a merchant without a Malaysian company and bank account cannot open an account.
• Use cases: Provides free shopping cart plugins with integration guides for WordPress + WooCommerce, Joomla + Hikashop, OpenCart and Adobe Magento.
• Risk signals: Boost and Shopback e-wallet payments and JCB cards are not yet available on its new senangPay-DOKU platform.
• Score: #6 of 8, 4.9 / 10, verified October 2026.

PayPal

• Verdict: PayPal Pte Ltd is listed by Bank Negara Malaysia as a non-bank e-money issuer.
• Best for: Online stores in Malaysia.
• Price band: $$
• Company: States in its Malaysia terms that the contracting party is PayPal Pte. Ltd., a Singaporean company.
• Strength: Names at least 34 markets, Malaysia included, whose residents’ PayPal accounts its published rates apply to.
• Criticism: Lists its recurring payments module as available for buyers and merchants in the United States, so a merchant billing Malaysian customers on subscription cannot use it for recurring charges.
• Use cases: Adds a PayPal button checkout to merchant websites, described provider-wide and not specific to Malaysia.
• Risk signals: Lists a 2.5% currency conversion rate for Malaysia on payments received and converted into another currency.
• Score: #7 of 8, 3.8 / 10, verified October 2026.

Fiuu

• Verdict: Fiuu charges the buyer’s card each time the charging period is met and notifies merchant and buyer of successful or failed attempts under its Recurring Payment feature.
• Best for: Subscriptions and recurring billing.
• Price band: $$
• Company: States that it has operated as a payment gateway and merchant service provider in Southeast Asia since 2005.
• Strength: Lists the Malaysian domestic methods FPX & FPX (B2B) and DuitNow among its payment channels, alongside Apple Pay, Google Pay, E-Wallets, Fiuu Cash, Buy Now, Pay Later and Direct Debit (the list names no market).
• Criticism: States that a single API reaches consumers across Southeast Asia and names a region rather than countries, so a merchant cannot confirm from verified facts which countries beyond Malaysia that integration covers.
• Use cases: Tokenises card credentials after authorisation and stores them in a secure vault for later purchases.
• Risk signals: States that its services comply with PCI DSS Service Provider Level 1, and the page does not name the market.
• Score: #8 of 8, 3.1 / 10, verified October 2026.

Go deeper

Best for Shopify stores

HitPay (#3, 5.1 / 10) is the pick for Shopify stores in Malaysia: it lists Shopify among the channels that run on one merchant account for Malaysian merchants. Also consider Billplz (#4, 5.0 / 10), whose integrations page lists a Shopify plugin.

Best for WooCommerce stores

Unlimit (#5, 4.9 / 10), the publisher of this list, is the pick for WooCommerce stores in Malaysia: its integration documentation lists a WooCommerce plugin.

Best for subscriptions and recurring billing

Adyen (#2, 5.8 / 10) is the pick for subscriptions and recurring billing in Malaysia: its tokenization documentation lists subscriptions as a supported recurring payment type. Also consider Fiuu (#8, 3.1 / 10), whose Recurring Payment page lists a Recurring Payment feature.

Which licence do online payment gateways need in Malaysia?

For an online payment gateway, the licensing test sits in the Financial Services Act 2013: operators of systems that transfer funds from one bank account to another, or that run a payment instrument network, need Bank Negara Malaysia’s approval (BNM payment systems framework).

The Financial Services Act and the Islamic Financial Services Act came into force on 30 June 2013 and replaced the repealed Payment System Act 2003, and the regulator’s page names no “Online Payment Switching Gateway” category (BNM Financial Services Act page).

Malaysian businesses and merchants selling from abroad should check a provider’s entry on Bank Negara Malaysia’s directory, because a provider’s own statement is not a register entry. Under section 32 of the Financial Services Act, according to Christopher & Lee Ong, Fintech Regulation, the Act applies to a person outside Malaysia who is an operator of a payment system which accepts payment instructions or settlement instructions from participants in Malaysia.

Which local methods must payment gateways in Malaysia support?

The local payment methods a gateway serving Malaysia should cover are FPX online banking, DuitNow QR, e-wallets, cards, credit cards included, and buy-now-pay-later; provider lists differ, so check each card in this article for methods a provider’s own pages mark as unavailable, such as Boost on senangPay’s new platform.

HitPay’s gateway comparison lists DuitNow, FPX, Touch ‘n Go, GrabPay, ShopeePay, Boost, MayBank QR, Alipay, WeChat Pay, BNPL and cards as its local Malaysian methods.

Online banking sits next to wallets and cards among the payment options, and how do bank transfers work covers the mechanics. Wallets add reach for mobile checkouts, and digital wallet payments: a practical guide covers the wallet flow. Buy-now-pay-later and instalments add a pay later option at checkout, and what are instalment payments explains the terms.

How to choose a payment gateway in Malaysia

• Check the entry requirement first: whether the payment gateway provider opens accounts for merchants without a Malaysian company, tax ID or bank account.
• List the methods your customers use, such as FPX, DuitNow QR, e-wallets, cards and instalments, and check each against the provider’s published list.
• Compare published transaction fees by method, with their scope, and add up setup fees, a monthly fee and any annual fee; credit card processing fees breaks down the cost components.
• Check settlement timing and currency, cross-border payouts and recurring payments against how you take and send money.
• Test the integration in a sandbox against your platform and the checkout experience before you commit.

No single provider is best for every business.

Frequently asked

Changelog

• October 2026 — First publication: 9 providers screened, 8 ranked.
• October 2026 — Rubric weights locked before research.