Quick Summary:Discover the top ten B2B payment gateways tailored for Malaysian e-commerce, each offering unique features, security, and transaction capabilities to streamline cross-border and local business payments.
Top 1: FPX for Direct B2B Transfers
FPX (Financial Process Exchange) is Malaysia’s national online banking transfer system, widely adopted for B2B transactions. It enables real-time, low-cost payments directly from the buyer’s bank account, eliminating credit card fees. Over 20 major banks support FPX, making it ideal for high-value invoices and recurring B2B billing. Settlement typically occurs within one business day, and the platform supports DuitNow IDs for instant transfers. Merchant setup fees start around RM300, with per-transaction charges as low as RM0.50.
Top 2: DuitNow Business Payments
DuitNow, powered by PayNet, allows Malaysian businesses to send and receive payments using mobile numbers or identification numbers. For B2B e-commerce, DuitNow Business offers instant settlement, no chargebacks, and zero transaction fees when using the DuitNow Transfer. It integrates seamlessly with major e-commerce platforms like Shopify and WooCommerce via plugins. The service is particularly strong for small to medium suppliers seeking cost-effective, near-instant payments.
Top 3: Razer Merchant Services B2B
Razer Merchant Services (formerly MOLPay) provides a dedicated B2B payment module supporting FPX, DuitNow, and corporate credit cards. Its Enterprise Dashboard offers bulk invoicing, recurring billing, and multi-currency settlement. Razer charges a monthly fee of RM50 and a transaction fee of 1.5% to 2.5% for local card payments. For high-volume B2B accounts, custom pricing is available, and integration with ERP systems like SAP is possible via API.
Top 4: iPay88 B2B Payment Gateway
iPay88, now part of NTT Data, supports over 30 online banking channels in Malaysia, including Maybank2u, CIMB Clicks, and RHB Now. For B2B e-commerce, its key strength is the ability to handle large invoice payments (up to RM500,000 per transaction) with PCI DSS Level 1 security. Setup costs are around RM600, and transaction fees range from 1.0% to 2.0% for local transfers. iPay88 also offers a B2B-specific “Invoice Payment” module.
Top 5: Billplz for B2B Invoicing
Billplz is a Malaysian payment gateway focused on invoicing and bill collection, making it ideal for B2B e-commerce businesses. It supports FPX, DuitNow, and credit cards while helping merchants simplify payment collection and invoice management. Its API allows automated invoice generation and reconciliation, reducing manual administrative work for B2B sellers. Many growing businesses also combine payment platforms with digital business automation solutions to streamline financial workflows, improve data accuracy, and create a more efficient online sales process.
Top 6: ToyyibPay for Small B2B Transactions
ToyyibPay is a Malaysian payment gateway popular among SMEs and micro-businesses for B2B payments. It supports FPX, DuitNow, and Touch ‘n Go eWallet, with transaction fees as low as RM0.30 per FPX payment. No monthly subscription is required; only a one-time integration fee of RM200. ToyyibPay’s dashboard provides real-time payment tracking and partial payment options, useful for installment or milestone-based B2B orders.
Top 7: SenangPay for B2B Subscriptions
SenangPay offers a Malaysia-focused gateway that supports recurring billing and subscription management for B2B e-commerce. It integrates with major accounting software like Xero and QuickBooks for automated reconciliation. Fees are 1.8% for credit cards and RM0.80 for FPX. There is no setup fee, and monthly plans start at RM20. SenangPay also supports multi-currency payouts to local banks, important for B2B exporters.
Top 8: eGHL for Large B2B Payments
eGHL (Electronic Global Hub) specializes in high-value B2B transactions, supporting FPX, DuitNow, and corporate cards with limits up to RM1 million per transaction. Its fraud detection system uses 3D Secure 2.0 and risk scoring. Setup fees are around RM500, and transaction fees range from 1.0% to 1.5% for local transfers. eGHL is preferred by wholesalers and manufacturers requiring bulk payment settlements.
Top 9: PayPal Business for International B2B
PayPal Business is widely used for cross-border B2B payments in Malaysian e-commerce. It supports invoicing, recurring payments, and buyer protection for both parties. Transaction fees are 4.4% + RM2.00 for international payments, while local transfers cost 3.9% + RM1.50. PayPal’s global reach and instant transfer options are beneficial for Malaysian sellers dealing with overseas B2B clients, but high fees make it less ideal for high-volume local transactions.
Top 10: Stripe for B2B Gateway Integration
While Stripe doesn’t have a direct Malaysian acquiring license, it can be used by Malaysian businesses through a Stripe Atlas or partner arrangement. Its B2B features include invoice payment links, automatic tax calculation, and multi-currency support. Transaction fees are 2.9% + RM2.00 for international cards. For Malaysian B2B e-commerce, Stripe is best suited for businesses with global customers who prefer to pay via credit card or Alipay.
Summary of Top 10 B2B Payment Gateways for Malaysia
| Gateway | Best For | Local Payment Methods | Transaction Fee | Setup Cost | Monthly Fee |
|---|---|---|---|---|---|
| FPX | Direct bank transfers | FPX, DuitNow | RM0.50–1.00 | RM300 | None |
| DuitNow Business | Instant low-cost B2B | DuitNow, FPX | 0% (transfer) | Free | None |
| Razer Merchant Services | Enterprise B2B | FPX, DuitNow, cards | 1.5–2.5% | RM0 | RM50 |
| iPay88 | High-value invoices | 30+ banks, cards | 1.0–2.0% | RM600 | None |
| Billplz | Invoicing and billing | FPX, DuitNow, cards | RM0.50–1.5% | Free | 0.3% platform |
| ToyyibPay | Small business B2B | FPX, DuitNow, eWallet | RM0.30–1.0% | RM200 | None |
| SenangPay | Recurring subscriptions | FPX, cards | RM0.80–1.8% | Free | RM20+ |
| eGHL | Large volume B2B | FPX, DuitNow, cards | 1.0–1.5% | RM500 | None |
| PayPal Business | Cross-border B2B | Cards, PayPal | 3.9–4.4%+RM2 | Free | None |
| Stripe | Global credit card B2B | Cards, Alipay | 2.9%+RM2 | Free | None |
Ready to Accelerate Your Digital Growth Strategy?
Partner with an industry-leading digital agency to upscale your infrastructure today.
