The internet penetration rate stood at 89.6%, and more than 50% of the population are active online shoppers in Malaysia. Increasing internet penetration, a record-breaking growth rate, and government initiatives contribute to the online market growth in the nation. There are many reasons for choosing online shopping, such as great offers, everything at a single click, and free home delivery. Furthermore, online shopping help customers save a lot of time for other work. Also, it's easy for an entrepreneur to start his online business. You need the best payment gateway in Malaysia to accept payments from domestic and global customers, and that is none other than PayCly.
Types of Payment Gateways
Basically, international payment gateways are classified into three types, and they are as follows:
We have simplified the steps involved in the operation of a payment gateway for ease of understanding.
Several payment service providers in Malaysia offer you a payment gateway, including renowned ones like 2Checkout, PayPal, Amazon Pay, Worldpay, Raypd, Stripe, etc. But as we discussed, all of them have flaws: some don't offer ready-to-use plug-ins for fast integration, some charge higher fee, and they do not support the unregulated industry. Furthermore, they are not compatible with small businesses as they do not offer customization per your needs. Moreover, the lack of a blend between services and assurance does not allow them to qualify for the race of best payment gateway for small businesses.
Whereas, PayCly eliminated all those flaws which can be a hurdle in expanding your business. We give you the lowest MDR rates in Malaysia and a variety of pricing schemes so that you can select as per the altitude and requirements of your business. We offer more than 100 payment options for your customers, including credit cards, cash payments in-person, and cryptocurrencies. Because we understand the importance of privacy, we use cutting-edge technologies like AI and ML to guarantee 100% data protection and give you the best level of security. We also comply with PCI-DSS highest level-1 (highest level certification). In our priority list, assurance comes at the top. We are Malaysia's top international payment gateway, and these are some key advantages you will enjoy by partnering with us:
Benefits You Get by Acquiring PayCly’s Payment Gateway
Frequently Asked Questions (FAQ)
What are the Differences between Payment Gateways and Merchant Accounts?
A payment gateway is a software technology that connects your website or app payment portal to the acquiring bank and securely transmits payment info between the involved entities. Whereas a merchant account is comparable to a bank account that accepts, keeps, and withdraws funds. PayCly offers you all payment solutions, including international payment gateways and high-risk merchant accounts.
What other Payment Solutions Does PayCly Offer aside from Payment Gateway?
We can say confidently that PayCly offers every payment option that your company might possibly need. We have developed more than 100 APIs, many of which can be integrated immediately. We offer high-risk merchant accounts in addition to payment gateways for all types of businesses, and the following industries are just a few where we have a lot of experience with payment gateways and merchant accounts:
Does PayCly provide its services all over Southeast Asian countries?
We are one of the top providers of financial services worldwide, and we were acknowledged as Southeast Asia's top FinTech Company. In Malaysia, Thailand, Singapore, Vietnam, the Philippines, Indonesia, Brunei, Burma (Myanmar), Cambodia, Timor-Leste, and Laos, we are the most reliable payment service provider (PSP). No PSPs can match our excellent services and lowest MDR charge in the region.