Library Web Notes

Online Payment Gateways in Singapore

Xiao Ling
23 October 2009 (Last edited on 28 May 2017)

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 RBS WorldPay eNets
Fees (SGD)
Set up $250
Yearly Subscription $650 $200 onwards
Transaction Charge Local Customer: 3.9% + $0.50
Overseas Customer: 4.4% + $0.50
3.95% for Visa/Mastercard
3.99% for AMEX
3.50 - 4.00%
Example: One time transaction of $300 $12.20 / $13.70 $11.85 / $11.97 $12.00
High Volume Transaction Charge 2.4% - 2.9% for > $5000 monthly volume Sales Consultant to advise
Withdrawal Fees > $200 : —
< $200 : $1
SGD for a SG bank account is $7.00.
Settlement not in SGD to a SG bank account is charged at the currency equivalent of £10.
Min settlement $270.00
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 RBS WorldPay eNets
Payments in multi-currency 23 currencies including SGD & Ringgits 3 currencies provided (supports over 140 currencies)
$138.00 per additional currency
SGD only
Credit Cards Supported
  Visa, MasterCard & JCB
  American Express On request
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 RBS WorldPay eNets
Set Up Instant sign up with credit card & bank account verification Sales consultant 3 weeks
Sales Settlement Period Typically 4-7 business days Weekly, typically 3 weeks in arrears 2 weeks
Pros Paypal RBS WorldPay eNets
  • Very fast to set up
  • Large user base
  • High consumer confidence as every application is subject to rigorous testing.
  • Pre-authorisation facility:- transactions are stored in a database for 10 days where merchants can log in and verify the buyers details before shipment of product(s)
  • Supports internet banking, good for users without credit cards
Cons Paypal RBS WorldPay eNets
  • Cannot send /receive/withdraw from all countries
  • Multiple fees.
  • Long approval process and numerous authorisations from merchant’s banks required.
  • Long settlement period
  • High fees
  • High deposit fee
  • Requires 3-4 weeks to set up.
More Info
Website Payments Standard
RBS WorldPay
Business Gateway Plus
Value Pack