We asked our partners (clients/users) how you would label a payment gateway best. Most participants answered the tailored payment solution, some answered the pricing, and others answered payment safety. We don't deny what our partners said, but let us extend it a little more. What if you get the service you want, but after some time, you need support, and you do not get it on time? What if a PSP charges a lower fee but does not make a timely payout? What if a PSP secures your payment and does not allow you to withdraw and freeze your account? We are sure that you do not want to pick this kind of payment service provider (PSP).
It would be best to have a payment gateway provider with lower fees, a safe payment environment and customised services. With all these facilities, who can assure you of 24*7 customer support, timely payout and no account frozen? We are proud to say that only We, PayCly, have numerous facilities (we will discuss this further in the blog). Its finest tailored services and 100% assurance make PayCly the best payment gateway provider in Malaysia.
Malaysia is 3rd largest economy in Southeast Asia and growing with one of the highest growth rates. The ecommerce market is also growing faster in Malaysia; with an increase of 37%, the revenue from ecommerce reached $4 billion in 2020, and in 2021 it registered a 24.7% growth. As per the anticipation of the International Trade Administration, the ecommerce market will reach $12.6 billion by 2024. The Malaysian government also encouraged the ecommerce market and established the National eCommerce Council to implement the National eCommerce Strategic Roadmap plan in the country.
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.
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:
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.
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:
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| Escort Merchant Account | Adult Toys Merchant Account |
| IPTV Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
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.
