We asked our partners (clients/users) how you would label a payment gateway best. Responses to the questions about payment safety, cost, and customized payment solutions were provided by the majority of participants. We don't deny what our partners said, but let us extend it a little more. What happens if you receive the desired service, but later on you find yourself in need of assistance and it is delayed? What happens if a PSP has a smaller price yet doesn't pay out on time? What if a PSP secures your payment and does not allow you to withdraw and freeze your account? We are positive that selecting this type of payment service provider (PSP) is not what you want to do.
Having a payment gateway provider with reduced prices, a secure payment environment, and personalized services is ideal. With all these amenities, who can guarantee you prompt payouts, round-the-clock customer service, and unfrozen accounts? We are pleased to state that only PayCly has a wide range of amenities (we will go into more detail about this in the blog). Its finest tailored services and 100% assurance make PayCly the best payment gateway provider in Malaysia.
Why Is a Payment Gateway Required in Malaysia?
With one of the fastest rates of development, Malaysia's economy is currently the third largest in Southeast Asia. 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. The International Trade Administration projects that the e-commerce business will grow to $12.6 billion by 2024. across order to carry out the National eCommerce Strategic Roadmap plan across the nation, the Malaysian government also supported the e-commerce industry and formed the National eCommerce Council.
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. Additionally, consumers who shop online save a ton of time for other tasks. Additionally, starting an internet business is simple for an entrepreneur. PayCly is the top payment gateway in Malaysia that you require to take payments from both local and international clients.
Types of Payment Gateways
In general, there are three categories into which international payment gateways fall:
How Does a Payment Gateway Work?
To make the processes required in running a payment gateway easier to grasp, we have streamlined them.
Why is PayCly Malaysia's Finest Payment Gateway Provider?
Several payment service providers in Malaysia offer you a payment gateway, including renowned ones like 2Checkout, PayPal, Amazon Pay, Worldpay, Raypd, Stripe, etc. However, as we've discussed, they're all flawed in some way: some don't support the unregulated industry, others charge greater fees, and some don't offer ready-to-use plug-ins for quick integration. Additionally, because they don't allow for customization to meet your needs, they are incompatible with small firms. Furthermore, they are unable to compete for the title of best payment gateway for small businesses due to the absence of a combination of assurance and services.
However, PayCly got rid of every one of those short comings that could prevent you from growing your company. We provide you with the most affordable MDR rates in Malaysia along with an assortment of pricing plans that you can choose from based on your company's needs and altitude. We provide your consumers with over 100 payment alternatives, including as credit cards, in-person cash payments, and cryptocurrency payments. 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. Additionally, we adhere to PCI-DSS maximum level-1 certification (the highest level). The highest priority on our list is assurance. These are some of the main benefits of working with us, as we are the leading international online payment gateway in Malaysia:
Advantages of 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. You may get all of the payment options, including high-risk merchant accounts and international payment gateways, from PayCly.
Apart from Payment Gateway, what other Payment Solutions Does PayCly Provide?
With confidence, we can state that PayCly provides any payment method your business could require. More than 100 APIs have been created by us, many of which are instantly integrated. We provide payment gateways and high-risk merchant accounts to various kinds of companies; to name a few, the areas in which we are particularly well-versed in payment gateways and merchant accounts are:
|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
Does PayCly provide its services all over Southeast Asian countries?
As one of the leading global providers of financial services, we were named the best FinTech company in Southeast Asia. We are the most dependable payment service provider (PSP) in Malaysia, Thailand, Singapore, Vietnam, the Philippines, Indonesia, Brunei, Burma (Myanmar), Cambodia, Timor-Leste, and Laos. Our top-notch services and the lowest MDR fee in the area are unmatched by any PSP.