Singapore · fees checked 12 Oct 2026
What you pay on a typical sale
| Sale | HitPay | Airwallex |
|---|---|---|
| S$20 PayNow | S$0.20 | S$0.70 |
| S$100 domestic card | S$3.30 | S$3.80 |
| S$100 international card | S$4.15 | S$4.10 |
| S$50 GrabPay | S$1.50 | S$2.00 |
Lower fee in bold. Published Singapore list rates, no monthly fee on HitPay. Try your own amount
QUICK ANSWER
For Singapore businesses taking local payments, HitPay is usually cheaper: PayNow costs 0.9% (min S$0.20) under S$100 and 0.65% + S$0.30 from S$100, versus Airwallex’s 1.00% + S$0.50. Domestic online cards are 2.8% + S$0.50 on HitPay versus 3.30% + S$0.50 on Airwallex. Airwallex is the better pick for FX-heavy businesses: its conversions are 0.4% above interbank for major currencies, and its international card rate (3.60% + S$0.50) is slightly below HitPay’s (3.65% + S$0.50).
At a Glance
Published list rates from each company’s Singapore pricing, excl. GST. HitPay: hitpayapp.com/sg/pricing. Airwallex: airwallex.com/en-sg/pricing, airwallex.com/en-sg/terms/fee-schedule, airwallex.com/sg/online-payments-capability. Fees checked 12 Oct 2026. Contracted rates may differ.
| Fee | HitPay | Airwallex |
|---|---|---|
| PayNow | 0.9% (min S$0.20) below S$100; 0.65% + S$0.30 from S$100 | 1.00% + S$0.50 |
| Domestic cards | 2.8% + S$0.50 | 3.30% + S$0.50 |
| International cards | 3.65% + S$0.50 (+2% on foreign-currency transactions) | 3.60% + S$0.50 |
| GrabPay | 3% | 3.00% + S$0.50 (non-travel); 2.80% + S$0.50 travel |
| Gateway fee on failed/attempted payments | None listed | S$0.50 per attempted or actual transaction |
| In-person (HitPay Tap to Pay / terminal) | Domestic 2.5% + S$0.50, intl 3.2% + S$0.50, PayNow 0.4% (min S$0.10) | Not compared (see Airwallex site) |
| FX conversion | 1% FX fee on non-SGD virtual-account collections; 2% extra on foreign-currency card transactions | 0.4% above interbank (major), 0.6% (others) |
| Payouts | PayNow and other non-card methods: T+1 calendar day. Cards: from T+1 business day (final schedule set by Compliance) | Depends on each payment method’s settlement schedule and your account’s reserve plan (see Airwallex’s settlement docs) |
| Monthly fee | None | Plan-dependent (see Airwallex pricing) |
fee calculator
Compare HitPay and Airwallex fees with our easy-to-use calculator. Estimate your payment processing costs, explore potential savings, and find the right payment solution for your Singapore business.
HitPay is S$0.50 cheaper on this S$20.00 PayNow sale
That's 71% less in fees at published list rates
Lower FeeS$0.20
S$0.70
Atsales like this a month, HitPay saves youS$50.00a month
How we calculatedRates checked 12 Oct 2026
Published Singapore list rates, before GST if applicable. Custom and enterprise pricing differ on both sides. International cards assume an SGD transaction; HitPay adds 2% on foreign-currency transactions. Airwallex GrabPay is the non-travel rate. Sources: HitPay pricing · Airwallex pricing · Airwallex payment methods.
At a Glance
List rates, before GST if applicable; custom/enterprise pricing differs on both sides.
| Sale | HitPay fee | Airwallex fee | Difference |
|---|---|---|---|
| S$20 PayNow | S$0.20 (0.9% = S$0.18, min S$0.20) | S$0.70 (1% + S$0.50) | HitPay S$0.50 lower |
| S$100 PayNow | S$0.95 (0.65% + S$0.30) | S$1.50 (1% + S$0.50) | HitPay S$0.55 lower |
| S$100 domestic card | S$3.30 (2.8% + S$0.50) | S$3.80 (3.30% + S$0.50) | HitPay S$0.50 lower |
| S$100 international card (SGD) | S$4.15 (3.65% + S$0.50) | S$4.10 (3.60% + S$0.50) | Airwallex S$0.05 lower |
| S$50 GrabPay | S$1.50 (3%) | S$2.00 (3.00% + S$0.50) | HitPay S$0.50 lower |
Receivables
HitPay fees from /sg/pricing. Airwallex fees from Airwallex’s Singapore pricing page, checked 12 Oct 2026. Comparing receivables into one wallet? See Collection Account.
| Need | HitPay Collection Account | Airwallex |
|---|---|---|
| Primary job | Collect invoice & B2B receivables into the same HitPay Wallet as PayNow checkout, POS and payment links | Often bought for multi-currency balances, FX and treasury tooling |
| Account type | Collection method / Virtual Account — not a store-of-value bank account | Multi-currency business account |
| SGD inbound | FAST / PayNow real time · S$0.50/collection (/sg/pricing) | Local payouts listed at S$0 on Airwallex’s Singapore pricing page |
| Other currencies | SWIFT list on VA docs · 1% FX fee on listed other currencies (/sg/pricing) | Wallet FX 0.40% above interbank (major currencies), 0.60% (other listed currencies); like-for-like settlement in 14 currencies |
| Monthly fee | S$0 | Explore S$0 · Grow S$79 · Accelerate from S$399 per month |
| Same ledger as POS / PayNow / links | Yes — one Wallet | Separate from your checkout and POS stack |
| Best for | Appointment, services, high-ticket SMBs reconciling customer payments + partner receivables | Businesses whose primary purchase is FX/treasury across markets |
Fit Assessment
The right choice depends on your transaction profile and business model.
When Airwallex is the better choice
Your business is FX-heavy: conversions are 0.4% above interbank for major currencies (0.6% for others)
You need multi-currency treasury: holding and managing balances across currencies
You want corporate cards for team spend
You want yield on idle balances
Most of your sales are international cards: 3.60% + S$0.50 vs HitPay’s 3.65% + S$0.50
You pay suppliers or teams globally
When HitPay is the better choice
Most of your sales are PayNow or other local methods: PayNow from 0.65% + S$0.30 on HitPay vs 1.00% + S$0.50 on Airwallex
Your tickets are small: a S$20 PayNow sale costs S$0.20 on HitPay vs S$0.70 on Airwallex
You sell in person and online and want both in one account: Tap to Pay, terminals, checkout and payment links
You want no monthly fee: HitPay has no setup or monthly fee
Mainly need to accept payments in Singapore? See Airwallex alternative for Singapore.
frequently asked questions
Is HitPay cheaper than Airwallex for PayNow?
Yes at list rates. HitPay charges 0.9% (min S$0.20) below S$100 and 0.65% + S$0.30 from S$100; Airwallex charges 1.00% + S$0.50. On a S$20 PayNow sale that is S$0.20 vs S$0.70.
Which is cheaper for domestic cards in Singapore, HitPay or Airwallex?
HitPay: domestic online cards are 2.8% + S$0.50 vs Airwallex 3.30% + S$0.50, so S$3.30 vs S$3.80 on a S$100 sale.
Which is cheaper for international cards?
Airwallex, slightly: 3.60% + S$0.50 vs HitPay 3.65% + S$0.50. HitPay also adds 2% on foreign-currency transactions.
Which is better for FX, HitPay or Airwallex?
Airwallex. Its conversions are 0.4% above interbank for major currencies (0.6% others); HitPay charges a 1% FX fee on non-SGD virtual-account collections.
Does Airwallex charge on failed payments?
Airwallex's Singapore fee schedule lists a S$0.50 gateway fee per attempted or actual transaction.
Does HitPay charge a monthly fee?
No. HitPay has no setup or monthly fee; you pay per transaction.
Does HitPay charge a fee for refunds?
No. HitPay charges no additional fee to process a refund. The fee on the original transaction is not refunded.
Is HitPay licensed by MAS?
Yes. HitPay Payment Solutions Pte Ltd is a Major Payment Institution under Singapore's Payment Services Act. You can confirm this on the MAS Financial Institutions Directory.
Can I accept GrabPay with HitPay?
Yes. GrabPay is supported in Singapore at 3% per transaction, with Paylater by Grab at 5.5% (see Singapore pricing).
How fast does HitPay pay out?
Non-card payments such as PayNow are paid out on T+1 calendar day. Card payments are paid out from T+1 business day, and the final schedule is set by Compliance (see Singapore pricing).
Can I receive overseas payments in my business name?
Yes. HitPay's Collection Account gives you account details in your business name. SGD arrives instantly via FAST/PayNow, and USD, EUR, GBP and other currencies arrive via SWIFT in 1–3 business days.
Still have questions?
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