Payment Gateway Philippines: GCash, Maya and Card Fees Compared 2026
A neutral comparison of Philippine payment gateways — PayMongo, Xendit, Maya Business, GCash for Business, Dragonpay, 2C2P and Paynamics — on card, GCash, Maya and over-the-counter fees, with BSP's 2026 transfer-fee reform explained.
The Philippines is an e-wallet-first market, not a card-first one — GCash and Maya both publish direct merchant rates that undercut what a third-party gateway charges to accept the same wallet. For a domestic-only store that wants transparent, published pricing, PayMongo, HitPay or accepting GCash/Maya directly are the simplest calls — on QR Ph PayMongo's 1.34% is cheaper below about ₱1,490 and HitPay's 1% (₱20 minimum) is cheaper above it, and the two are within a peso per ₱1,000 on GCash and domestic cards before VAT. For multi-country SEA expansion on one integration, Xendit. For customers who still pay cash at a physical counter, Dragonpay's over-the-counter network is the specialist, though its onboarding and pricing now run through Xendit. For enterprise orchestration or mass payouts, 2C2P and Paynamics respectively. On settlement, BSP's Circular No. 1238 (June 2026) forced banks toward cost-based transfer pricing, and several banks have since cut or waived InstaPay and PESONet fees — a fast-moving fact worth reconfirming before you quote a customer a transfer cost.
| Gateway | Card fee | GCash / Maya / QR Ph fee | Best for |
|---|---|---|---|
| PayMongo | 3.125% + ₱13.39 (international 4.02% + ₱13.39), excl. VAT | GCash 2.23%; Maya 1.79%; QR Ph 1.34%, excl. VAT | PH-only SMBs wanting published, transparent rates |
| Xendit | Rate card not readable when checked (Sep 2026) — confirm on Xendit's site | Rate card not readable when checked (Sep 2026) — confirm on Xendit's site | Multi-country SEA expansion on one integration |
| Maya Business | From 3.50% in person; from 3.50% + ₱10 online | Maya QR 1.0%; QR Ph 1.0%; GCash 2% | Businesses wanting a full per-method MDR table |
| GCash for Business | 3.2% | QR Ph 1.0% | Selling directly to GCash's own large wallet base |
| Dragonpay | No rate card published | Pricing now handled through Xendit | Customers who pay cash at 7-Eleven, Cebuana or other OTC |
| 2C2P | Not verified yet. | Not verified yet. | Enterprise, travel and cross-border orchestration |
| Paynamics | Not verified yet. | 50+ PH channels via its DGATE payout rail | Mass payouts and a business wallet for SMEs |
| HitPay | 3% + ₱15 online, 3% in person (international 4% + ₱15 online), excl. VAT | GCash 2.3% online, 2% in person; QR Ph 1% or ₱20, whichever is higher, excl. VAT | SMEs wanting published per-method rates and no monthly fee, online and in person on one account |
The Tools in Detail
PayMongo
Finance · Freemium · Free tier · Philippines · EN
PayMongo is a Philippine payments company, founded in May 2019 and headquartered in Bonifacio Global City, Taguig. It began as an online payment gateway for Filipino businesses and in April 2024 expanded into a broader digital financial services provider. Its products include Checkout, Payment Links, Invoices, Order & Pay and Storefront. Merchants can accept QR Ph, GCash, Maya, GrabPay, ShopeePay, Visa and Mastercard cards, BillEase buy now pay later, and direct online banking from BDO, UnionBank, BPI, Landbank and Metrobank. PayMongo reports 350,000+ businesses served and more than $18 billion processed since 2019. PayMongo Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas. Transaction rates are listed per method, setup is free, and all prices exclude VAT. Storefront, its branded store builder, has a $0/month Free plan and paid plans from $9/month.
PayMongo is headquartered in Bonifacio Global City, Taguig, and PayMongo Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas. It lists QR Ph, GCash, Maya, GrabPay, ShopeePay, BillEase and direct online banking from five named banks as payment methods. Its rate card quotes QR Ph at 1.34%, GCash at 2.23%, Maya at 1.79%, GrabPay at 1.96% and ShopeePay at 1.70%, with free setup and all prices exclusive of VAT. PayMongo reports 350,000+ businesses served, $18 billion+ processed since 2019 and 2.7 billion transactions handled.
Best for: Philippine businesses that want to accept QR Ph, GCash, Maya, GrabPay and ShopeePay; Platforms and marketplaces that need payment splitting or sub-merchant onboarding; Small businesses that want a branded online store builder (Storefront)
Xendit
Payments · Paid · ID, PH, MY, TH, VN, SG, HK · EN / ID
Xendit is a payments platform that offers payment acceptance, payouts and tools for platforms and marketplaces. Its homepage lists 147+ payment methods and 300+ payout destinations. It also describes direct connections to payment methods and smart routing that keeps processing payments when a payment network goes down. Its pricing page lists QR code, e-wallet and buy-now-pay-later methods in Indonesia, the Philippines, Singapore and Thailand. For every transaction, Xendit charges a fixed processing fee plus a payment method fee or a payout fee. The homepage states $47.3B+ processed and 544M+ transactions in 2025, up 30% year over year.
The pricing page lists local payment methods in four Southeast Asian markets. In Indonesia these are QRIS and the buy-now-pay-later options Akulaku, Indodana and Kredivo. In the Philippines they are QRPH, Maya and BillEase, in Singapore PayNow, and in Thailand PromptPay and TrueMoney. Fees on that page are quoted in IDR, PHP, SGD and THB. The homepage states 300+ payout destinations and payouts in the recipient's local currency.
Best for: Marketplaces and platforms that need to onboard sellers and manage payments; Businesses that send payouts in the recipient's local currency; Shopify merchants in markets where Xendit lists payment methods; Businesses that bill customers on subscriptions
Maya Business
Finance · Paid · Free tier · Philippines · EN / FIL
Maya Business (formerly PayMaya) is the merchant payment-acceptance product of Maya, letting Philippine businesses accept cards, Maya QR, QR Ph, GCash, WeChat Pay and ShopeePay through an in-store terminal, hosted checkout, digital invoices or payment links. It publishes a full per-method MDR table rather than one blended rate, and offers Shopify and WooCommerce plugins for online sellers.
Maya Business (formerly PayMaya) is one of the two dominant Philippine e-wallet-linked payment platforms, alongside GCash for Business. It publishes a full MDR table by payment method rather than quoting a single blended rate, and its own QR Ph and Maya QR rate (1.50%) is cheaper than its GCash-acceptance rate (2.0%), which matters for a merchant deciding which QR to promote at checkout.
Best for: Philippine SMEs wanting one provider for in-store and online payments; Sellers who want published, calculable MDR before signing up; Businesses accepting multiple PH e-wallets (GCash, Maya QR, WeChat Pay, ShopeePay) alongside cards; High-volume merchants who can negotiate custom/volume pricing
GCash for Business
Finance · Paid · Philippines · EN / FIL
GCash for Business is the business section of GCash, the mobile wallet operated by Mynt (Mynt, Inc.). GCash's mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, which is regulated by the Bangko Sentral ng Pilipinas. The business page lists Enterprise solutions (In-Store QR, Webpay, GLife, Funds Disbursement), MSME segments (Solo Entrepreneurs, Scaling Brands, Growing Enterprises) and Partner Solutions (Marketing, Ad, Promo, Identity, Customer API, Green Solutions). It also lists a Sari-sari Store program and GCash Pera Outlet. GCash's About page says 6M merchants and social sellers are on the app. The registered address is W Global Center, Lane P Cor. 9th Avenue, Bonifacio Global City, Taguig, Philippines.
GCash for Business lists a registered address at W Global Center, Lane P Cor. 9th Avenue, Bonifacio Global City, Taguig, Philippines. G-Xchange, Inc. (GCash) is regulated by the Bangko Sentral ng Pilipinas. GCash describes itself as the Philippines' #1 Finance App and Largest Cashless Ecosystem, says 94M Filipinos have used GCash, and says 6M merchants and social sellers are on the app. Business support is listed at 2882 for Globe/TM and (02) 7213-9999 for other networks.
Best for: Merchants looking at GCash's Enterprise solutions: In-Store QR, Webpay, GLife or Funds Disbursement; Solo Entrepreneurs, Scaling Brands or Growing Enterprises, the three MSME segments GCash names; Sari-sari store operators, for whom GCash lists a dedicated program
Dragonpay
Finance · Paid · Free tier · Philippines · EN / FIL
Dragonpay, now operating as a Xendit company and a BSP-regulated Payment System Operator, is a Philippine payment aggregator unifying bank transfers, e-wallets (GCash, Maya, ShopeePay, GrabPay) and over-the-counter payments across more than 85 channels and 35,000+ branches (7-Eleven, Cebuana, M Lhuillier) behind one API. It no longer publishes rates of its own — its pricing page routes merchants to Xendit.
Dragonpay, now operating as a Xendit company and a BSP-regulated Payment System Operator, is best known in the Philippines for its over-the-counter reach — more than 85 payment channels and 35,000+ branches including 7-Eleven, Cebuana and M Lhuillier — which matters for the share of Filipino shoppers who still pay cash-in at a physical counter rather than by card or e-wallet. As of 2026-09-14 Dragonpay's own pricing page no longer lists any rates: it states that all merchant applications, onboarding, pricing details and integration services are now managed through Xendit, and links out. The itemized per-channel rates we previously recorded are no longer on the vendor's site and should not be quoted.
Best for: Merchants needing the widest OTC coverage in the Philippines (85+ channels, 35,000+ branches); Foreign or cross-border sellers without a Philippine entity; Digital goods, education, insurance or donation businesses (Dragonpay publishes industry-specific blended rates); Businesses that need one API for banks + wallets + OTC instead of several
2C2P
saas-tools · Paid · SG, TH, MY, ID, PH, VN · EN
2C2P operates as 2C2P by Antom and is a payments company headquartered in Singapore. Its careers page lists 6 Southeast Asian markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam), with offices in Singapore, Bangkok, Kuala Lumpur, Manila, Jakarta, Hanoi and Ho Chi Minh, and over 500 employees. It offers over 400 payment options, from cards and digital wallets to alternative payment methods. It holds a Major Payment Institution licence from the Monetary Authority of Singapore under the Payment Services Act 2019. Its airlines page says over 25 regional airlines trust it with payment processing, and that it is connected to more than 20 online travel agents.
2C2P states that it operates in 6 Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It lists offices in Singapore, Bangkok, Kuala Lumpur, Manila, Jakarta, Hanoi and Ho Chi Minh. It supports PromptPay in Thailand, QRIS in Indonesia, and Touch 'n Go and DuitNow in Malaysia. Its Thailand page says PromptPay is fully interoperable for cross-border payments with Malaysia, Singapore, Cambodia and Vietnam. Its homepage cites alternative payment acceptance at over 600,000 locations across Asia, and it holds a Major Payment Institution licence from the Monetary Authority of Singapore.
Best for: Airlines that want a payment controller with routing between multiple payment providers; Merchants selling in Thailand, Indonesia or Malaysia that need PromptPay, QRIS, Touch 'n Go or DuitNow; Merchants with international customers who want prices shown in local currencies; Merchants who want to offer 0% interest instalments over 3 to 36 months
Paynamics
saas-tools · Paid · SEA only · en / tl
Paynamics is one of the Philippines' most established payment gateways, processing card payments, e-wallets (GCash, Maya, ShopeePay), online banking, over-the-counter, and installment transactions through a single API. It also offers mass payout, business wallet, and Banking-as-a-Service (BaaS) capabilities for platforms that need to disburse funds to sellers, freelancers, or agents. Regulated by the Bangko Sentral ng Pilipinas (BSP), it's a trusted choice for enterprise and mid-market merchants.
In the Philippines, GCash and Maya together account for the majority of digital payment volume, and Paynamics gives merchants one integration point to accept both alongside cards and OTC—crucial for reaching Filipino consumers who may not have credit cards but always have their e-wallets loaded. For companies entering the Philippine market, Paynamics is a well-regulated technical option with BSP oversight and a straightforward API.
Best for: Philippine e-commerce merchants needing GCash and Maya acceptance out of the box; Marketplace platforms disbursing payouts to multiple sellers or agents; Enterprise companies processing high-volume transactions in PHP; Fintech startups building embedded payment products on a BaaS foundation
HitPay
Finance · Paid · Free tier · Singapore, Malaysia, Philippines · EN / ZH / MS / ID
HitPay is a Singapore-headquartered payment platform designed specifically for SMEs and micro-merchants in Southeast Asia. It provides a comprehensive suite of payment tools, including a payment gateway for e-commerce, physical POS terminals, and a link-based payment system, supporting local payment methods like PayNow, GrabPay, and DuitNow.
HitPay is a payment provider for SEA SMEs, but its merchant footprint is narrower than its payment-method list suggests: its pricing page offers Singapore, Malaysia, Philippines and Global as merchant countries, and QRIS is not priced anywhere on it. Indonesia, Thailand and Vietnam appear only under Cross-Border Payments, where an Indonesian, Thai or Vietnamese customer pays a Singapore, Malaysian or Philippine merchant in their own local method (IDR 2% online / 1.5% in-person for Indonesia, THB 3.4% online for Thailand) with a 1% FX markup at settlement. Read the QRIS, PromptPay, VietQR and QRPH support below as customer-side acceptance, not as domestic acquiring in those markets. Its domestic Singapore rates, read on 2026-09-14: PayNow 0.65% + SGD 0.30 on transactions of SGD 100 and above and 0.9% with a SGD 0.20 minimum below that, domestic cards 2.8% + SGD 0.50, international cards 3.65% + SGD 0.50 with a 2% foreign-currency fee, WeChat Pay 1.5%, Shopback 3.9% + SGD 0.20, ShopeePay Later 5%, Atome 5.5%, no setup or monthly fee. PayNow is the cheapest method on the page, at under a quarter of the domestic card rate.
Best for: SMEs and micro-merchants in Singapore and Malaysia; E-commerce sellers needing a simple payment integration; Service-based businesses using payment links; Retailers looking for an affordable omnichannel solution
SEA Operational Reasoning
Card-first playbooks from other markets don't transfer well to the Philippines, where GCash and Maya are the primary consumer payment habit. That changes the real decision: a merchant can accept wallets on a wallet operator's own published rates (Maya Business starts at 1.0% for Maya QR and QR Ph and 2% for GCash), or go through an aggregator like PayMongo, HitPay or Xendit that bundles both wallets plus cards and other rails behind one API. PayMongo (GCash 2.23%, Maya 1.79%, QR Ph 1.34%, excluding VAT) and HitPay (GCash 2.3% online and 2% in person, QR Ph 1% or ₱20, also excluding VAT) both publish per-method rates up front, which suits a domestic-only store that wants to calculate cost before signing up. HitPay also prices in-person acceptance on the same account, and states it is BSP registered. Xendit's Philippine rate card could not be read when this page was checked, so price it from Xendit's own site; it covers Indonesia, Malaysia, Thailand and Vietnam too, which matters if this integration needs to follow you regionally. Dragonpay's edge is entirely about reach into cash-paying customers — 85-plus channels and 35,000-plus branches including 7-Eleven and Cebuana — a segment the wallet-first and card-first gateways don't cover as deeply. Its pricing page no longer carries rates; applications and pricing now go through Xendit. 2C2P and Paynamics sit at the enterprise end: full payment orchestration and mass payout/business-wallet tooling respectively, with no rates stated on their own sites when checked on 20 October 2026.
Related Expert Guides
- ↗PayMongo's Standard rate card lists cards at 3.125% + ₱13.39, international cards at 4.02% + ₱13.39, GCash 2.23%, Maya 1.79% and QR Ph 1.34% (in-store and online), states all prices are exclusive of VAT, lists a free setup fee and no monthly fees, and offers a Custom package for businesses with large payments volumeverified 2026-09-17
- ↗HitPay's Philippine rate card lists online payments at cards 3% + ₱15, international cards 4% + ₱15, GCash 2.3% and QR Ph 1% or ₱20 whichever is higher; in-person payments at domestic cards 3%, international cards 4%, QR Ph 1% or ₱20 and GCash 2%; no setup fees and no monthly fees. The page states "Rates exclude VAT." HitPay also confirmed by email on 2026-10-21 that its Philippine rates exclude VATverified 2026-10-21
- ↗HitPay's GCash page states online GCash is 2.3% and in-person GCash is 2% with no monthly fee, and that HitPay is BSP registeredverified 2026-10-21
- ↗Maya Business pricing lists rates 'starting at' 3.50% MDR for Visa/Mastercard, Bancnet and JCB/Amex on Maya Terminal (3.50% MDR + ₱10 per transaction on Checkout and Digital Invoice), Maya QR 1.0%, QR Ph 1.0%, GCash 2%, WeChat Pay 1.75% and ShopeePay 1.85%verified 2026-09-17
- ↗Dragonpay's pricing page carries no rate table; it states that all merchant applications, onboarding, pricing details and integration services are now managed through Xendit, and its footer names Dragonpay Corporation as a Xendit companyverified 2026-09-17
- ↗HitPay's Philippine BillPay page states supplier invoices are paid from the same HitPay account used to accept payments; Philippine accounts are local-only; transfers go out over InstaPay (real time) or PESONet (T+2) at ₱15 each; there is no monthly fee; each bill is funded by PayNow, bank transfer or QRPH and a BillPay transfer cannot be funded from the HitPay Balanceverified 2026-10-20
- ↗Paynamics' payout page, titled "Efficient Digital Payout Solution (DGATE)", describes a mass payout gateway for bulk disbursements, refunds and reimbursements, with API integration, over InstaPay and PESONet bank transfers, e-wallets and remittance centresverified 2026-10-20
"Verified" means read on the vendor's own published pages on the date shown. We do not run hands-on tests, and a statement a vendor confirmed to us directly is labelled as vendor-confirmed. Software-listing.com is independent and may earn affiliate commissions from some links.
The questions operators actually ask.
Is GCash or Maya bigger in the Philippines?
By registered users, GCash is the larger network — Globe Telecom has disclosed roughly 94 million registered GCash users versus Maya's reported 50 million-plus. A 2025 sari-sari-store survey found 85% of store owners use GCash for business versus 15% for Maya, but no single authoritative source publishes an overall e-wallet market-share percentage across the whole Philippine market, so treat these as directional data points rather than a definitive split.
What is the difference between InstaPay and PESONet?
Both are BSP-regulated interbank transfer rails, but InstaPay settles in real time, 24/7, with a typical per-transaction cap around ₱50,000, while PESONet is a batch system with three daily settlement windows (10am, 1pm and 4pm) and no scheme-wide transfer cap. BSP Circular No. 1238, signed June 2026, requires transfer fees to be reasonable and cost-based rather than a flat markup, and several banks have since cut or waived fees on both rails — confirm current terms with your bank, since this is still settling in as of mid-2026.
Which Philippine gateway has the most transparent pricing?
PayMongo, HitPay and Maya Business publish exact rates by payment method on their own pricing pages, and GCash for Business did when last verified in July 2026. Published rate cards for 2C2P and Paynamics: Not verified yet. Xendit's Philippine rate card could not be read when this page was checked in September 2026. Dragonpay's pricing page no longer lists fees and routes pricing to Xendit.
Can I pay suppliers from the same account I use to accept payments?
Some providers now do both. HitPay's Philippine BillPay page, read on 20 October 2026, says supplier invoices are paid from the same HitPay account that accepts customer payments. Philippine accounts are local-only: transfers go out over InstaPay, which arrives in real time, or PESONet, which settles T+2, at ₱15 each with no monthly fee. A BillPay transfer cannot be funded from the HitPay Balance, so each bill is funded separately by PayNow, bank transfer or QR Ph. Paynamics, already in the table, also sells a separate bulk payout service, DGATE, that disburses over InstaPay, PESONet, e-wallets and remittance centres. DGATE pricing: Not verified yet. Supplier payments are outbound, so they do not change the acceptance fees in the table above.