This article ranks the top 10 B2B payment gateways that cater specifically to Malaysian e‑commerce businesses, covering local options like SenangPay and Razer Merchant Services as well as international platforms such as PayPal Business and AirWallex.
Top 1 SenangPay for B2B Payments
SenangPay is a homegrown Malaysian gateway widely used by B2B e‑commerce firms. It supports FPX direct debit, credit cards, and online banking transfers, with settlement in MYR. Merchants benefit from a simple API, payment links for invoices, and zero monthly fees — only a transaction fee of around 2.2% per successful payment. For recurring B2B subscriptions, SenangPay offers tokenised billing, making it a cost‑effective choice for local SMEs.
Top 2 Billplz for Invoicing Needs
Billplz focuses on bill presentation and payment collection, ideal for B2B transactions that rely on invoice‑based workflows. Its platform lets sellers send branded payment requests via email or SMS, and buyers pay using FPX, credit cards, or eWallet. The gateway charges a flat fee per transaction (e.g., RM 1.10 for FPX payments) and supports partial payments and bulk invoices. Many Malaysian wholesalers and distributors use Billplz to manage B2B receivables without complex integration.
Top 3 Razer Merchant Services Integration
Razer Merchant Services (formerly ipay88) is a mature player offering a comprehensive suite for B2B e‑commerce. It supports all major local payment methods: FPX, credit cards, 7‑Eleven convenience store payments, and hire‑purchase options. For B2B scenarios, Razer provides recurring billing, multi‑currency settlement, and a robust reporting dashboard. Setup involves a one‑time fee (around RM 200) and a transaction rate of roughly 2.3%, making it suitable for mid‑to‑large e‑commerce operations.
Top 4 eGHL Payment Gateway Features
eGHL, now part of the Razer group, remains a standalone gateway used by many Malaysian B2B merchants. It offers direct bank (FPX), credit card, and Western Union integration. Key advantages include fraud detection tools, a secure payment page, and support for multiple languages. Settlement is typically T+1. Transaction fees range from 1.5% to 2.5% depending on volume, and there are no lock‑in contracts. eGHL is particularly favoured by businesses with high‑ticket B2B orders.
Top 5 ToyyibPay for SMEs B2B
ToyyibPay is a Shariah‑compliant gateway built for Malaysian SMEs, including B2B sellers. It accepts FPX, credit and debit cards, and even cash payments via convenience stores. For B2B, its “Payment Collection” feature allows merchants to send one‑time or recurring invoices. Fees are low — 1.5% for FPX and 2.5% for cards — with no setup cost. The dashboard is available in Malay and English, making it accessible for local business owners managing multiple invoices.
Top 6 HitPay Payment Links Solutions
HitPay is a Singapore‑based gateway that has gained traction in Malaysia for its B2B payment links and recurring billing. Merchants can generate shareable payment links, embed a checkout page, or use a hosted payment page. It supports FPX, GrabPay, credit cards, and even buy‑now‑pay‑later options. B2B features include bulk send, payment reminders, and multi‑currency accounts. Transaction fees start at 2.3%, and there is no monthly subscription, offering flexibility for growing e‑commerce businesses.
Top 7 Omise for Recurring Billing
Omise provides a robust API that Malaysian e‑commerce businesses use for B2B recurring payments, such as subscriptions or instalment plans. It supports credit cards, online banking (FPX), and mobile wallets. Omise’s dashboard offers real‑time transaction monitoring and chargeback management. For B2B, its “Stored Payment Tokens” enable safe repeat billing without storing card details. Fees hover around 2.5% plus a small fixed charge. Omise also supports multi‑currency settlements, useful for cross‑border B2B.
Top 8 PayPal Business for International B2B
PayPal Business remains a go‑to gateway for Malaysian e‑commerce merchants dealing with international B2B buyers. It allows invoicing, payment requests, and mass payments. Buyers can pay via their PayPal balance or linked cards, and funds can be converted to MYR. PayPal charges a cross‑border transaction fee of 4.4% plus a fixed fee (varies by currency). While not ideal for local B2B (due to high FX costs), it is indispensable for global trade and receives high trust from overseas clients.
Top 9 AirWallex Cross Border Payments
AirWallex offers a comprehensive B2B payment solution tailored for Malaysian e‑commerce exporters. Its gateway supports 80+ currencies, local bank transfers, and credit card processing. Merchants can create payment links, set up recurring billing, and hold multi‑currency wallets to avoid conversion fees. The transaction fee is as low as 1.5% for cards, and settlement in Malaysia is swift. AirWallex also provides virtual bank accounts to receive payments from international buyers, making it a strong choice for cross‑border B2B.
Top 10 Payoneer for Global Receivables
Payoneer is not a traditional payment gateway but is widely used by Malaysian B2B e‑commerce sellers to receive payments from global marketplaces and clients. It offers a payee‑centric model where buyers pay via bank transfer or credit card, and sellers receive funds in their Payoneer account. Withdrawals to local banks cost 1.2% and arrive within two days. Payoneer also integrates with platforms like Amazon and Shopify. It is best for B2B businesses that need a simple way to collect international payments without currency conversion hurdles.
Summary of Top 10 B2B Payment Gateways for Malaysian E‑commerce
| Rank | Gateway Name | Key B2B Features | Notable Transaction Fee (MYR) | Best For |
|---|---|---|---|---|
| 1 | SenangPay | FPX, credit cards, recurring billing, payment links | 2.2% | Local SMEs and subscriptions |
| 2 | Billplz | Invoice‑based payment, FPX, partial payments | RM 1.10 (FPX) | Wholesale invoicing |
| 3 | Razer Merchant Services | FPX, convenience stores, hire purchase, multi‑currency | ~2.3% + RM 200 setup | Mid‑to‑large e‑commerce |
| 4 | eGHL | FPX, fraud tools, T+1 settlement | 1.5% – 2.5% | High‑ticket B2B orders |
| 5 | ToyyibPay | Shariah‑compliant, FPX, cash payments, recurring | 1.5% (FPX) | SMEs and micro‑enterprises |
| 6 | HitPay | Payment links, recurring, multi‑currency | 2.3% | Flexible growth businesses |
| 7 | Omise | Tokenised recurring, API‑first, multi‑currency | 2.5% + fixed fee | Subscription models |
| 8 | PayPal Business | Invoicing, mass payments, global reach | 4.4% + fixed fee (cross‑border) | International B2B |
| 9 | AirWallex | 80+ currencies, local bank transfers, virtual accounts | From 1.5% | Cross‑border exporters |
| 10 | Payoneer | Marketplace integration, low withdrawal cost | 1.2% withdrawal | Global receivables |
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