I guess the best method I can think of so far is to open an account in Singapore so that you can register with PayPal. But PayPal is no longer free for accepting credit cards and you have to upgrade to the Premium service. Still it is the cheapest and simplest by far.

Anybody found a better alternative??

You can use http://www.paysystems.com/

One time set-up fee $49.00
Type A Discount Rate and Per Transaction Fee 3.95%* and $1.00*
Type B Discount Rate and Per Transaction Fee 5.5%* and $0.45*
Rolling reserve
(for period of 6 months)
5.00%


Features Include…

Real-Time Account Reporting
Cutting-Edge Fraud Screening
Charge-Back Management
Refund Management
Full Transaction Gateway
24/7 Merchant Support / Toll-Free Number
24/7 Cardholder Support / Toll-Free Number
NO Application Fees
NO Monthly Fees
NO Statement Fees
NO Gateway Fees
NO Leases
NO Maximum or Minimum
FREE Deposit of Funds in the US
FREE Shopping Cart and Cataloguing Systems
FREE Use of Secure Server
Multi-currency payment processing
Real-time check processing
Unlimited product database
Unlimited item sale price
Unlimited monthly volume and transactions
Unlimited customer database

Don't forget that Paypal only accepts transactions from certain countries.. If you are going to access your account from Malaysia, I have read somewhere that no matter where you open your bank account, you would not be able to access your paypal account outside of the countries mentioned on their (website). Their system does a check your IP address when you login. I may be wrong on this, so you may want to check with Paypal first..

Another processor that you can use is 2checkout.com. It has almost the same features of paysystems.com. They have been getting very good reviews and I have been using them for about two years and never had a problem..

Cheers,

__________________
Ashley Weller
Host247.com
KLGlobal.NET
Not Just Ordinary Features

A new alternative to Paypal are Money Bookers. They even have Ringgit Malaysia (RM) as your choice of currency:

Money Bookers

.

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www.webhostingtalk.com.my

The rates for worldpay is too much! 150GBP + 75GBP is equivalent to around RM1,200. You know that? You gotta pay monthly fees too. Definetly no,no.

As for paysystems, they suck. 5.5% + 0.45 is okay if it's in US currency but they charge GBP. That means if 5.5% X 6 + 0.45 X 6. What are we gonna make? 5 sen per product???

Moneybookers aren't gateway processors solutions.

I registered with 2checkout but my list was on banned products and I didn't noticed it. Sigh

My only option now..................ccnow..but they do huge rates....11% for USD100 excess...........OUCH

Try our very own (Malaysian) www.commercepayment.com I'm using them and they are much more friendlier than worldPay (I have another site with them too) and ccNow (and this too --but at the old rate *heheh*) ...

Commerce Payment's rate are not bad either. 4.5% and they charge in MYR. Don't think there is any setup fee, but you must pay their monthly fee upfront for 1 year. But overall, these guys are nice people and you get value for money. Look for YLChew.

Oh, they only accept Visa/Mastercard (no Discovery, Solo/Switch, etc, etc).

regards,
- Joseph
================

Anyone tried using Moneybookers.com?

I had paid once to a online store using Moneybookers.com. The payment process is very good. Before they charge to your CC, they will send you a SMS with a special code to ensure your mobile phone no. is valid. This will help in reducing frauds.

https://www.commercepayment.com looks great as well, but never heard about them before, I am going to do more research on them.

We have being using WorldPay and PaySystems for years as well, there is no monthly fee on WorldPay.

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Malaysia Web Hosting by Exabytes.com.my
BlogHosting.com.my