toyyibPay

Accept online payments in Malaysia with a simple solution. Get next-day settlements, payment links, QR codes, and low transaction fees for your business.

Screenshot of toyyibPay website

What is toyyibPay

toyyibPay is an online payment solution from Malaysia, designed to make it quick and easy for businesses to accept payments. Its main purpose is to provide a simple payment platform for all types of businesses, from small startups and non-profit organizations to large companies. The service allows merchants to receive customer payments through various methods, including online banking (FPX), and settles the funds directly into their bank accounts. The company, toyyibPay Sdn. Bhd., is based in Kuala Lumpur, Malaysia, and focuses on serving the local market with features like next-day settlements and support for the Malaysian Ringgit (MYR).

toyyibPay Features

  • Next Business Day Settlement: Receive money from today's transactions in your bank account on the next business day, which helps with cash flow.
  • Payment Link & QR Code: Instantly generate a unique URL link or a QR code to request payments. You can share these with customers via email, chat, or social media.
  • Fast Online Support: Get help through official Facebook and WhatsApp channels during business hours for quick problem-solving.
  • Integration-ready: Connect toyyibPay with popular e-commerce platforms and websites using ready-made plugins and APIs for a smooth integration process.
  • Auto Settlement: All settlements to your bank account are done automatically every day, reducing manual work.
  • Split Payment: Automatically divide a single payment among multiple parties. This is useful for businesses with partners or marketplaces.
  • Comprehensive Dashboard: Access a single dashboard to view all your transaction history, track payments, and manage your business finances.

toyyibPay Pricing Plans

toyyibPay offers a simple pricing structure with no setup or annual fees. The plans are designed for different types of users.

  • Santai Plan: This plan is specifically for Non-Profit Organizations (NGOs). It offers very low or zero transaction fees for B2C payments but has a longer settlement period of 10 business days.
  • Standard Plan: This is the main plan for most businesses, including micro, small, and medium enterprises. It charges a small flat fee per transaction and offers a faster settlement time of 1 to 4 business days.
  • Enterprise Plan: This plan is for software companies or platforms that want to integrate toyyibPay into their own systems and offer it to their merchants. It includes access to special APIs and a profit-sharing model.

Additionally, there is an optional add-on for accepting local and foreign card payments, which has its own onboarding fee, yearly fee, and percentage-based transaction fees.

toyyibPay Free Plan

toyyibPay does not have a traditional free plan with limited features. Instead, its model is based on pay-per-use with no monthly fees, no setup fees, and no annual fees. This means you can sign up for free and only pay a small fee when you make a successful transaction. For Non-Profit Organizations, the Santai plan offers free B2C transactions, making it a free payment solution for their donation purposes.

How to use toyyibPay

Getting started with toyyibPay is a straightforward process:

  1. Register an Account: Go to the toyyibPay website and sign up to become a merchant. You will need to provide your business details.
  2. Complete Onboarding: Submit the required documents for verification. The onboarding process is known to be fast.
  3. Create a Payment Request: Once your account is active, you can log in to your dashboard. To receive a payment, create a bill or a payment link. You will enter the amount and a description.
  4. Share with Customer: toyyibPay will generate a unique URL link or a QR code. Share this link or code with your customer via WhatsApp, email, or any other messaging platform.
  5. Customer Makes Payment: The customer clicks the link or scans the code and completes the payment using their preferred online banking (FPX).
  6. Receive Funds: You will receive a notification of the successful payment. The funds will be automatically settled into your registered bank account within the settlement period of your plan.

Pros and Cons of toyyibPay

Pros:

  • Low Cost: Very competitive transaction fees, with no setup or annual charges.
  • Easy to Start: The registration and onboarding process is quick and simple, especially for startups.
  • Fast Settlement: The Standard plan offers settlement within 1-4 business days, which is good for business cash flow.
  • No Monthly Commitment: You only pay when you get paid, making it low-risk for new businesses.
  • Local Focus: It is designed for the Malaysian market, with strong support for local banks via FPX.

Cons:

  • Limited to Malaysia: The service primarily supports payments in Malaysian Ringgit (MYR) and is focused on the local market.
  • Card Payments Cost Extra: Accepting credit/debit cards requires an add-on with additional onboarding and yearly fees.
  • Limited Support Hours: Customer support is only available during business hours (Monday to Friday, 7am – 5pm).
  • Longer Settlement for NGOs: The free plan for NGOs has a much longer settlement time of 10 business days.

toyyibPay integrations

toyyibPay is designed to be integration-ready, allowing businesses to connect it with their existing systems. It offers:

  • Plugins: Ready-made plugins are available for popular e-commerce platforms. This allows for easy integration with online stores built on systems like WooCommerce, OpenCart, and others, enabling a seamless checkout process for customers.
  • API: For businesses with custom-built websites or applications, toyyibPay provides an API. Developers can use this API to build custom payment integrations tailored to their specific needs.

toyyibPay Alternatives

  • Stripe: A global payment gateway with extensive features, multi-currency support, and powerful developer tools. It is a good alternative for businesses looking to sell internationally, but its fees can be higher.
  • Billplz: Another popular payment gateway in Malaysia known for its simplicity and low costs. It is a direct competitor to toyyibPay and also focuses heavily on FPX payments.
  • iPay88: A well-established payment gateway in Southeast Asia with a very wide range of payment options, including e-wallets and credit cards. It is often used by larger, more established businesses.
  • Razer Merchant Services (formerly MOLPay): A leading payment provider in the region that offers a comprehensive suite of online and offline payment solutions for businesses of all sizes.

toyyibPay API

Yes, toyyibPay provides an API for developers to integrate its payment services into their own applications, websites, or platforms. The API allows for creating bills, checking payment status, and managing transactions programmatically.

To get access to the API, you need to register for a merchant account with toyyibPay. Once your account is approved, you can find your API keys and secret keys in your merchant dashboard. The documentation for the API is available for developers on their website to guide them through the integration process.

Here is a general example of what an API call to create a bill might look like using cURL:

curl https://toyyibpay.com/index.php/api/createBill -d "{\"userSecretKey\":\"your_secret_key\",\"categoryCode\":\"your_category_code\",\"billName\":\"Test Payment\",\"billDescription\":\"Payment for Order #123\",\"billPriceSetting\":1,\"billPayorInfo\":1,\"billAmount\":150,\"billReturnUrl\":\"http://yourdomain.com/payment-success\",\"billCallbackUrl\":\"http://yourdomain.com/payment-callback\",\"billExternalReferenceNo\":\"ORDER-123\",\"billTo\":\"John Doe\",\"billEmail\":\"john@doe.com\",\"billPhone\":\"0123456789\"}"

toyyibPay Affiliate program

toyyibPay does not have a publicly advertised affiliate program for individuals to earn commissions by referring new merchants. However, they offer an Enterprise Plan which functions as a partner program. This plan is designed for software companies, system providers, or platforms that want to integrate toyyibPay as a payment option for their own customers. This partnership includes benefits like access to a special Enterprise API and a profit-sharing arrangement. If you are interested in this type of partnership, you should contact toyyibPay directly to discuss the details of their Enterprise plan.

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toyyibPay: The quick and easy way to get paid online. – SAASprofile