iPay88 offers 2 payment gateway services namely:
1. Malaysian Ringgit Gateway – processes only payments in the MYR currency
2. Multi-currency Gateway – able to processe credit card payments (Visa & MasterCard in USD, EUR, GBP, THB, SGD, AUD, CAD and MYR.
1. Malaysian Ringgit Gateway
For Malaysian online sellers, there are 2 packages which we would recommend depending on your monthly transaction volume. They are iPay88’s SOHO Plan and SME Plan. Below is a comparison between both plans. Should you need more information, you can contact us via our Contact Us page.
|Points to Consider||SOHO Plan||SME Plan|
|Recommended Monthly Online Turn Over||less than RM 4000 a month||more than RM 4000.00 a month|
|One Time Registration Fee||RM 488.00||RM 488.00|
|Yearly Maintenance Fee||Nil (Zero)||RM 500.00|
|Transaction Fees – Credit Cards||4%||3%|
|Transaction Fees – Online Banking and E-Wallet||4%||3%|
2. Multi-currency Gateway
If you are an international seller and plan to accept credit card payments in multiple currencies including USD, EUR, GBP, THB, SGD, AUD, CAD and MYR, you can subscribe to iPay88’s multi-currency payment gateway. The following is a breakdown of the cost and fees.
|One Time Registration Fee||USD 150.00|
|Yearly Maintenance Fee||Nil (Zero)|
|Transaction Fees – Credit Cards||3.8% + USD 0.40|