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PayPal |
WorldPay |
iPay88 |
NBepay |
| Product Name |
PayPal Website Payments Standard (Business) |
WorldDirect with Fraud Screening (Startup Offer) |
iPay88 Direct Link |
NBePay Lite |
| Setup fee |
Free |
Free |
RM 488 |
RM 400 (RM 200 for NBePay Premium) |
| Subscription fee |
Free |
USD 140 for the first year (USD 280 for subsequent years) |
RM 68 monthly |
RM 576 yearly (RM 1,188 for NBePay Premium) |
| Transaction fee |
3.4% + USD 0.30 if shopper is from Malaysia. Otherwise, it is 3.9% + USD 0.30. Cheaper fee if monthly volume is high. |
3.95% + USD 0.10 |
X%, Vary from merchant to merchant |
4% (3% for NBePay Premium) |
| Deposit |
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| Shopper pays in MYR? |
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| Withdrawal method (most ideal way) |
Transfer to Visa credit/debit card (on request) |
Transfer to local bank |
Transfer to local bank (weekly) |
Transfer to local bank (weekly) |
| Payment hold period |
None |
4 weeks |
5 working days |
None |
| Withdrawal processing time |
5-7 business days |
5-7 business days |
Immediate |
Immediate |
| Minimum withdrawal |
USD 10 |
USD 180 |
RM 100 |
RM 100 |
| Withdrawal fee |
USD 5 |
USD 18 per transfer for remittance (Does not include intermediary bank charges, if any, that may be levied by your bank.) |
Free |
RM 2 |
| Withdraw in MYR |
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| Withdraw to Malaysia bank? |
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| Cards supported |
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| Year founded |
1998 |
1993 |
2000 |
1999 |
| Country of origin |
USA |
UK |
Malaysia |
Malaysia |
| Recomendation |
PayPal is ideal for ecommerce startup. With 164 million accounts, it is the most well known payment method for online shopper. However, shopper need to have PayPal account. Signup process is fairly simple and fast. Presently no withdrawal to banks in Malaysia. |
Not very attractive if compare to PayPal. Application process takes time, too many fees and long settlement period. However it has good anti fraud system. |
Other than Visa and Master, it also support PosPay, Mobile Money and most major banks in Malaysia. |
Offer 2 plans; Lite and Premium. Premium is for merchant with annual transaction more than RM61,200. Other than Visa and Master, it also support PosPay, Mobile Money and most major banks in Malaysia. Good for merchant who sells to China because it accepts payment in RMB (Ren Min Bi). |
