Library Web Notes

Online Payment Gateways in Singapore

Xiao Ling
23 October 2009 (Last edited on 27 November 2020)

Originally developed as a presentation for a project in 2009, this old article continues to be one of our most popular pages. While we tried to make this table comprehensive and easy to understand, this table should be used as for general comparisons only. Please check with the respective merchants for up-to-date information.

  PayPal Stripe eNets
Fees (SGD)
Set up $250
Yearly Subscription $200 onwards
Transaction Charge Local Customer: 3.9% + $0.50
Overseas Customer: 4.4% + $0.50
3.4%+ $0.50 3.50 - 4.00%
Example: One time transaction of $300 $12.20 / $13.70 $10.70 $12.00
High Volume Transaction Charge 2.4% - 2.9% for > $5000 monthly volume Sales Consultant to advise
Withdrawal Fees > $200 : —
< $200 : $1
No withdrawal fees:
Deposit Charged on a case-by-case basis after business risk is assessed 33% of transactions as deposit for preceding 6 months.
User Considerations Paypal Stripe eNets
Payments in multi-currency 23 currencies including SGD & Ringgits 135+ currencies provided SGD only
Nets (DBS/POSB, UOB or Citibank)
Checkout process Taken to PayPal site, then back to main site. Integration to website planned for future. Can be integrated into website Can be integrated into website
Administration Paypal Stripe eNets
Set Up Instant sign up with credit card & bank account verification Instant sign up with credit card & bank account verification 3 weeks
Sales Settlement Period Typically 4-7 business days Typically 7 business days 2 weeks
Pros Paypal Stripe eNets
  • Very fast to set up
  • Large user base
  • Accepts wide range of payment methods, such as GrabPay and Apple Pay
  • Supports internet banking, good for users without credit cards
Cons Paypal Stripe eNets
  • Cannot send /receive/withdraw from all countries
  • Penalty for withdrawals lesser than $200
  • Long settlement period
  • High fees
  • High deposit fee
  • Requires 3-4 weeks to set up.
More Info
Website Payments Standard
Value Pack