Suggestions for critical issues

All the suggestions here will require registration at their respective websites. Normally they will take 3 days to approve.

Payment Gateway

Recommended: Billplz

  • Origin: Malaysia
  • Who use: FarmFresh, FashionValet, OxWhite, SimplySiti. Can look here
  • Payout: next business day
  • Transaction fee: RM 1.00 per transaction. No monthly
  • Multicurrency payment: do not support. Only can bypass by using credit/ debit card

Second runner-up: Stripe

  • Origin: United States
  • Who uses: international, Sony, Amazon, Target.
  • Payout: 5 business day
  • Transaction fee: 3% per transaction + RM 1.00 on top. No monthly. Reference
  • Multicurrency payment: support many currencies

PayPal

  • Origin: United States
  • Payout: Immediately after the product is shipped, will charge RM 4 per payout maximum for domestic, RM 200 for international
  • Transaction fee: 4-5% per transaction. No monthly. Reference
  • Multicurrency payment: support many currencies
  • New PayPal seller may have delay to withdraw customer’s money:
    • Complete a minimum of 5 transactions;
    • Transactions amounting to US$100; and
    • Be a PayPal merchant for at least 60 days.

 

Installment payment

For this one, recommended to go with what customers already have the apps or already use. I enlisted those commonly used among Malaysians.

Pay full upfront to merchant: Atome

  • Origin: Malaysia
  • Link to apply as vendor: Link
  • Credit limit for buyers: RM 1500 and under as a start
  • How many month installment: Up to 3 only

Pay full upfront to merchant: Split

  • Origin: Malaysia
  • Link to apply as vendor: Link
  • Credit limit for buyers: unsure
  • How many month installment: Up to 3 only

Pay as customer pay: Grab PayLater

  • Origin: SE Asia
  • Settlement: Settlement is made to you within 5 working days, according to how buyers pay
  • Link to apply as vendor: Link
  • Credit limit for buyers: depends on what Grab apps approve for each person
  • How many month installment: Up to 4 months
  • Pro: many people already have Grap apps