Updated 5 October 2026Herepay charges RM0.70 per FPX online banking payment, with no setup fee and no monthly or annual fee. That is the lowest published FPX rate among Malaysian payment gateways open to all users.
MalaysiaPG, an independent directory of 74 gateways, also ranks Herepay first by cost (July 2026). On a RM100 payment, Herepay costs RM0.30 less than toyyibPay or CHIP, RM0.55 less than Billplz Basic and RM1.50 less than HitPay.
FPX fees compared (October 2026)
| Payment gateway | FPX fee / transaction (B2C) | Setup or yearly fee |
|---|---|---|
| Herepay (Free plan) Lowest | RM0.70 flat | RM0 |
| Billplz Standard | RM0.75 flat | RM999 a year |
| toyyibPay | RM1.00 flat | RM0 |
| CHIP | RM1.00 flat | RM0 |
| Billplz Basic | RM1.25 flat | RM0 |
| senangPay | RM1 or 1.5%, whichever is higher | From RM199 a year |
| HitPay | 1.8% + RM0.40 | RM0 |
| Stripe | 3% + RM1.00 | RM0 |
Rates are each company’s published FPX prices for personal (B2C) online banking, checked on 5 October 2026. Business (B2B) banking costs RM2.00 at Herepay, toyyibPay and CHIP, and RM3.00 at Billplz Basic. Prices can change, so confirm with each provider before you decide; their official pricing pages are linked under Sources below.
Is anything cheaper than RM0.70?
Billplz Standard comes closest at RM0.75 per FPX payment, but it costs RM999 a year. It only beats Billplz’s own free Basic plan after about 2,000 payments a year, and it never beats Herepay’s RM0.70.
Among gateways open to all users, RM0.70 is the lowest published FPX fee in Malaysia today.
How Herepay keeps fees this low
Herepay’s Free plan has no platform charge, ever: you pay only the RM0.70 FPX fee, and only when a payment succeeds.
Settlement every working day
Collections reach your bank account quickly, with FPX from more than 18 Malaysian banks.
Optional Pro plan, not a gateway fee
RM0.70 is the full cost of using Herepay as a payment gateway. Businesses and organisations that also want Herepay’s collection platform (a payer database, automatic invoices and reports, and an online store) can add Pro for RM1 per transaction, capped at RM1,999 a year.
See every charge on the Herepay pricing page.
How to choose a payment gateway
The cheapest gateway depends on how you collect. Check these five things:
- Your typical payment size. Flat fees win for most payments; percentage fees grow with the amount. HitPay’s 1.8% + RM0.40 is cheaper than RM0.70 only for payments under about RM17.
- Yearly and setup fees. Add any annual fee to your per-payment fees to see the real cost for a year.
- Settlement speed. How many days until the money reaches your bank account matters when you are paying suppliers or running an event.
- Payment methods your customers use. Most Malaysians pay online by FPX; check card and e-wallet support if your customers prefer those.
- Features for how you collect. Fees and memberships need payer lists, instalments, reminders and automatic receipts; online sales need a storefront and stock.
Try Herepay’s free collection cost calculator to compare with what you pay today.
Frequently asked questions
What is the cheapest payment gateway in Malaysia?
For FPX online banking, Herepay has the lowest published fee among gateways open to all users: RM0.70 per payment with no setup, monthly or yearly fee (October 2026).
How much does FPX cost per transaction in Malaysia?
Most local gateways charge a flat RM0.70 to RM1.25 per personal (B2C) FPX payment. Others charge a percentage plus a fixed fee, such as 1.8% + RM0.40 at HitPay and 3% + RM1.00 at Stripe. Business (B2B) banking usually costs RM2.00 to RM3.00.
Does Herepay charge a monthly or setup fee?
No. The Free plan has RM0 setup, RM0 monthly fee and RM0 platform charge; you pay RM0.70 only when an FPX payment succeeds. The optional Pro plan, for those who also want Herepay’s collection platform, adds RM1 per transaction, capped at RM1,999 a year.
Is FPX cheaper than card payments?
Yes, at Herepay FPX is always cheaper: RM0.70 per FPX payment, against RM0.70 + 1% per card payment.
Which payment gateway is best for businesses and organisations?
One that does more than take payments. Herepay gives businesses, schools and organisations unlimited payment forms, QR codes, payment reminders, automatic receipts and real-time reports, so collecting sales, fees or donations takes less admin.
Start collecting at RM0.70 per payment
No setup fee, no monthly fee and no commitment.
Sources
Official pricing pages, checked 5 October 2026:
- Herepay pricing
- Billplz pricing
- toyyibPay pricing
- CHIP pricing
- senangPay pricing
- HitPay Malaysia pricing
- Stripe Malaysia pricing
Independent ranking: MalaysiaPG, best payment gateways in Malaysia ranked by real cost (verified 17 July 2026). senangPay’s yearly fee (from RM199) is taken from its homepage.
