Philippines · checked 12 Nov 2026
At a glance
| HitPay | PayMongo | |
|---|---|---|
| Local cards | 3% + ₱15 | 3.125% + ₱13.39 |
| QR Ph | 1% or ₱20 | 1.34% |
| GCash | 2.3% | 2.23% |
| Setup or monthly fee | None | None |
PayMongo figures from its pricing page, 12 Nov 2026. See the full comparison.
Quick answer · checked 12 Nov 2026
PayMongo is cheaper on most e-wallets, online banking and small QR Ph payments. HitPay is cheaper on local card payments above about ₱1,290 and QR Ph payments above about ₱1,500, and adds published in-store hardware, SG/MY cross-border QR and 15+ plugins. Neither charges setup or monthly fees. HitPay adds 0.2% on Payment Links, Invoicing, Online Store, POS and Recurring, and 0.5% on Shopify. Cards on HitPay in the Philippines are charged in PHP. See Philippines pricing.
Compare
PayMongo: paymongo.com/pricing (rates exclude VAT, as stated on its page). HitPay: hitpayapp.com/ph/pricing (rates exclude VAT). Rates as published, checked 12 Nov 2026.
| Method | HitPay | PayMongo | Cheaper |
|---|---|---|---|
| Local cards | 3% + ₱15 | 3.125% + ₱13.39 | HitPay above ~₱1,288 |
| International cards | 4% + ₱15 | 4.02% + ₱13.39 | HitPay above ~₱8,050 (about equal) |
| QR Ph | 1% or ₱20, whichever is higher | 1.34% | HitPay above ~₱1,493; PayMongo below |
| GCash | 2.3% | 2.23% | PayMongo |
| Maya | Pay via QR Ph | 1.79% | PayMongo lists Maya separately |
| GrabPay | 2.2% | 1.96% | PayMongo |
| ShopeePay | 2.5% | 1.70% | PayMongo |
| BillEase (BNPL) | 1.5% | 1.34% | PayMongo |
| Online banking | UnionBank 1% or ₱20; InstaPay/PESONet 1.5% or ₱35 | 0.71% or ₱13.39 | PayMongo |
| Payment Links / plugins | +0.2% (links, store, invoicing, POS, recurring); Shopify app +0.5% | Standard MDR | PayMongo |
| In-store terminal | All-in-One PHP 10,500; Soundbox PHP 2,500 (buy once, excl. VAT) | Not published | HitPay publishes hardware |
| Recurring billing (subscriptions) | GCash 2.9%, ShopeePay 2.5% (excl. VAT), no monthly fee | Subscriptions supports cards and Maya (PayMongo FAQ, checked 12 Nov 2026) | Different methods |
| Setup / monthly fee | Free | Free | Tie |
Comparing more than one provider? See Philippine payment gateway fees compared.
Worked examples
Published standard rates, excl. VAT. Your mix of methods and ticket sizes decides which is cheaper.
| Example | HitPay | PayMongo |
|---|---|---|
| ₱5,000 QR Ph, online checkout | ₱50.00 | ₱67.00 |
| ₱800 QR Ph, online checkout | ₱20.00 | ₱10.72 |
| ₱5,000 QR Ph via a payment link | ₱60.00 (₱50 + 0.2%) | ₱67.00 |
Payouts and trust
HitPay Payment Solutions Inc is BSP registered.
| Payout | HitPay | PayMongo |
|---|---|---|
| Non-card payments | T+1 calendar day | Standard 2–7 day settlement cycles |
| Online cards | T+7 calendar days | Standard 2–7 day settlement cycles |
| In-person cards | T+2 calendar days | Not published |
| Faster option | — | Instant Settlement 2.23% (bundled with QR Ph) |
Which is better?
It depends on how you sell. Both accept local payments in the Philippines.
Choose PayMongo if you:
Mostly take GCash, Maya or ShopeePay
Take many small QR Ph payments
Want online banking at 0.71% or ₱13.39
Choose HitPay if you:
Take larger card and QR Ph payments
Sell in store and online on one account, with one dashboard and one payout
Sell to customers in Singapore or Malaysia (cross-border QR)
Use Shopify, WooCommerce or Wix plugins
See Philippines pricing, QR Ph for business, GCash, card terminals, POS software, Shopify in the Philippines, or the payment gateway page.
Maya and Xendit
Merchants comparing PayMongo also look at Maya Business and Xendit.
Maya. HitPay already publishes a terminal comparison at Maya Terminal alternative. Use that page for in-store hardware and Maya Terminal fees. This vs-PayMongo page stays a two-way fee comparison.
Xendit. Xendit rates are not quoted here; check xendit.co pricing before you decide. HitPay is still the better fit on this page when you want published in-store hardware you buy once, one dashboard and one payout for online and in-store sales, and QR from Singapore or Malaysia customers. It is not automatically cheaper on e-wallets or small QR Ph payments.
frequently asked questions
Which is better, PayMongo or HitPay?
It depends on how you sell. Both accept local payments in the Philippines. HitPay is BSP registered and accepts local and international cards (charged in PHP), puts online and in-store sales in one dashboard with one payout, and quotes fees excluding VAT on hitpayapp.com/ph/pricing. Online card payouts are T+7 calendar days, in-person cards T+2 and non-card methods T+1. PayMongo's rates are on paymongo.com/pricing.
Is HitPay cheaper than PayMongo?
It depends on the method and ticket size. PayMongo is cheaper on most e-wallets, online banking and small QR Ph payments. HitPay is cheaper on local card payments above about ₱1,290 and QR Ph payments above about ₱1,500.
Which is cheaper for QR Ph?
PayMongo charges 1.34%. HitPay charges 1% or ₱20, whichever is higher, so HitPay is cheaper above about ₱1,500 and PayMongo below.
Which is cheaper for GCash?
PayMongo, at 2.23% against HitPay's 2.3%.
Do either charge setup or monthly fees?
No. Neither HitPay nor PayMongo charges a setup or monthly fee.
Does HitPay charge extra for payment links?
Yes, 0.2% on top of the method fee. PayMongo says payment links run at its standard MDR.
Which is better for Shopify in the Philippines?
Both have Shopify apps. HitPay adds 0.5% on Shopify. See hitpayapp.com/ph/shopify for setup and fees.
Can I accept in-store payments?
HitPay publishes its terminals: the All-in-One is PHP 10,500 and the Soundbox PHP 2,500 (excl. VAT), bought once. PayMongo lists in-store QR Ph at 1.34% and doesn't publish terminal prices.
How fast are payouts?
HitPay pays non-card payments out T+1 calendar day, online cards T+7 calendar days and in-person cards T+2 calendar days. PayMongo describes standard 2–7 day settlement cycles, with Instant Settlement at 2.23% bundled with QR Ph.
Does PayMongo or HitPay support GCash subscriptions?
HitPay does. HitPay Recurring Billing charges GCash (2.9% per payment) and ShopeePay (2.5%, excl. VAT) automatically in the Philippines, with no monthly fee. PayMongo says its Subscriptions product supports automated recurring billing on cards and Maya (PayMongo FAQ, checked 12 Nov 2026).
Can I charge cards in USD with HitPay in the Philippines?
No. Cards taken with HitPay in the Philippines are charged in PHP.
How does HitPay compare to Xendit and PayMongo?
This page compares HitPay and PayMongo with dated rates from both pricing pages. Xendit rates are not quoted here; check xendit.co pricing before you decide.
Is HitPay a PayMongo alternative in the Philippines?
Yes, if you want one account for online and in-store payments, published terminals you buy once, and QR from Singapore or Malaysia customers. PayMongo is still cheaper on most e-wallets, online banking and small QR Ph payments. Compare the fee table on this page (checked 12 Nov 2026) and Philippines pricing.
Can I accept payments from Singapore or Malaysia customers?
Yes. HitPay supports cross-border QR so customers in Singapore and Malaysia can pay you. See the cross-border table on hitpayapp.com/ph/pricing.
Is there a PayMongo alternative for small businesses?
Yes. HitPay has free sign-up and no monthly fee, and you pay per successful payment.
Still have questions?
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