How to Set Up Online Payments for Your Business in Malaysia
Accepting online payments is no longer optional — it's expected. Malaysian consumers are increasingly cashless, and businesses that don't offer online payment options are losing sales.
Payment Methods in Malaysia
FPX (Financial Process Exchange)
FPX is Malaysia's most popular online payment method. It allows direct bank-to-bank transfers through online banking. Most Malaysians are familiar with it and trust it for online transactions.
Credit/Debit Cards
Visa and Mastercard are widely used. Card payments are essential if you serve international clients.
E-Wallets
Touch 'n Go eWallet, GrabPay, and ShopeePay are growing rapidly in Malaysia. Younger demographics prefer e-wallet payments.
DuitNow QR
DuitNow QR is Malaysia's universal QR payment system. One QR code works across all banks and e-wallets.
How to Set It Up
- Choose a payment gateway — Popular options in Malaysia include Chip-in, Stripe, and PayPal.
- Register and verify — You'll need your business registration (SSM) documents and bank account details.
- Integrate with your invoicing — Connect your payment gateway to your invoicing software so customers can pay directly from invoice links.
- Test thoroughly — Make test payments to ensure everything works before going live.
Payment Links on Invoices
The most effective way to get paid fast is embedding a payment link directly in your invoice. When your client receives the invoice, they simply click "Pay Now" and complete the payment in seconds.
With Billify, you can connect Chip-in, Stripe, or PayPal and automatically generate payment links on every invoice.