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HitPay vs Stripe Singapore
HitPay vs Stripe Singapore
HitPay vs Stripe Singapore
Compare HitPay and Stripe for a Singapore business: PayNow depth, published HitPay rates, licensing, and which platform fits how you already collect.
Compare HitPay and Stripe for a Singapore business: PayNow depth, published HitPay rates, licensing, and which platform fits how you already collect.
Compare HitPay and Stripe for a Singapore business: PayNow depth, published HitPay rates, licensing, and which platform fits how you already collect.
HitPay and Stripe both serve Singapore merchants, but they optimise for different jobs. HitPay is a MAS-licensed Major Payment Institution (PS20200643) with no monthly fee: online PayNow is 0.65% + S$0.30 for transactions of S$100 and above, or 0.9% (minimum S$0.20) below, and online domestic cards are 2.8% + S$0.50.
While both platforms process card payments and comply with Singapore’s regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
Choose Stripe when you need its global developer platform first — then confirm Stripe’s PayNow coverage and Singapore fees on Stripe’s own site. Choose HitPay when Singapore checkout conversion is the priority.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Need
Lean HitPay
Lean Stripe
Primary job
Singapore checkout: PayNow, GrabPay, ShopeePay, BNPL, cards
Global cards and developer infrastructure
Fee model
Published per-transaction rates. No monthly fee
Confirm current Singapore pricing on Stripe’s own site
PayNow (online)
0.65% + S$0.30 from S$100; 0.9% (min S$0.20) below
Check Stripe’s PayNow coverage and fees on Stripe
Domestic cards (online)
2.8% + S$0.50
Verify on Stripe’s Singapore pricing
Local method breadth
PayNow and major local wallets on one HitPay account
Strong cards; confirm which SG methods you need
Payout
Non-card HitPay Balance T+1 calendar day
Confirm settlement terms with Stripe
Licence
MAS Major Payment Institution PS20200643
Check Stripe’s published Singapore regulatory wording
Also comparing Airwallex?
See the HitPay vs Airwallex page
Higher search volume than vs Stripe
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
You need Singapore checkout conversion first (PayNow, GrabPay, ShopeePay, BNPL, cards) on one MAS-licensed account
✓
You run appointment, services, or higher-ticket SMB flows (links, invoices, Tap to Pay / POS) — not only low-AOV marketplace carts
✓
You want published per-transaction pricing with no monthly fee, and non-card HitPay Balance payout on the published SG schedule
✓
You may expand later, but Singapore is the economic core of the decision — not PH/MY/ID volume vanity
Stripe may be stronger if you:
✓
Already ship on Stripe’s global stack
✓
Need Stripe’s billing or marketplace products
✓
Have in-house developer resources
✓
Need highly custom API integrations
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
What is the difference between HitPay and Stripe in Singapore?
HitPay is a Singapore MAS-licensed Major Payment Institution focused on local acceptance — PayNow, wallets, BNPL and cards — with no monthly fee. Stripe is a global payments platform many developers already use. Compare your method mix and verify each provider’s live Singapore fees on their own sites.
How much is PayNow on HitPay?
Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Source: the Singapore pricing page.
How much are cards on HitPay?
Online domestic cards are 2.8% + S$0.50; online international 3.65% + S$0.50; in-person domestic 2.5% + S$0.50. Foreign-currency transactions add 2%.
Can I switch from Stripe to HitPay?
Many merchants run HitPay for local methods while keeping other tools. Create a HitPay account, enable methods, connect plugins or the API, and cut over when ready. Stripe can stay active during the transition to handle refunds and open disputes.
Where is HitPay vs Airwallex?
For a Singapore treasury / multi-currency comparison, see HitPay vs Airwallex. Verify live fees on each provider’s pricing page.
Does HitPay charge a monthly fee?
No. There is no setup fee and no monthly subscription — you pay per successful transaction.
What is the payout timing on HitPay?
Non-card HitPay Balance is T+1 calendar day; Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case.
Is HitPay MAS-licensed?
Yes — Major Payment Institution PS20200643. Details on the licence and registrations page.
Still have questions?
Contact our team.
HitPay and Stripe both serve Singapore merchants, but they optimise for different jobs. HitPay is a MAS-licensed Major Payment Institution (PS20200643) with no monthly fee: online PayNow is 0.65% + S$0.30 for transactions of S$100 and above, or 0.9% (minimum S$0.20) below, and online domestic cards are 2.8% + S$0.50.
While both platforms process card payments and comply with Singapore’s regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
Choose Stripe when you need its global developer platform first — then confirm Stripe’s PayNow coverage and Singapore fees on Stripe’s own site. Choose HitPay when Singapore checkout conversion is the priority.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Need
Lean HitPay
Lean Stripe
Primary job
Singapore checkout: PayNow, GrabPay, ShopeePay, BNPL, cards
Global cards and developer infrastructure
Fee model
Published per-transaction rates. No monthly fee
Confirm current Singapore pricing on Stripe’s own site
PayNow (online)
0.65% + S$0.30 from S$100; 0.9% (min S$0.20) below
Check Stripe’s PayNow coverage and fees on Stripe
Domestic cards (online)
2.8% + S$0.50
Verify on Stripe’s Singapore pricing
Local method breadth
PayNow and major local wallets on one HitPay account
Strong cards; confirm which SG methods you need
Payout
Non-card HitPay Balance T+1 calendar day
Confirm settlement terms with Stripe
Licence
MAS Major Payment Institution PS20200643
Check Stripe’s published Singapore regulatory wording
Also comparing Airwallex?
See the HitPay vs Airwallex page
Higher search volume than vs Stripe
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
You need Singapore checkout conversion first (PayNow, GrabPay, ShopeePay, BNPL, cards) on one MAS-licensed account
✓
You run appointment, services, or higher-ticket SMB flows (links, invoices, Tap to Pay / POS) — not only low-AOV marketplace carts
✓
You want published per-transaction pricing with no monthly fee, and non-card HitPay Balance payout on the published SG schedule
✓
You may expand later, but Singapore is the economic core of the decision — not PH/MY/ID volume vanity
Stripe may be stronger if you:
✓
Already ship on Stripe’s global stack
✓
Need Stripe’s billing or marketplace products
✓
Have in-house developer resources
✓
Need highly custom API integrations
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
What is the difference between HitPay and Stripe in Singapore?
HitPay is a Singapore MAS-licensed Major Payment Institution focused on local acceptance — PayNow, wallets, BNPL and cards — with no monthly fee. Stripe is a global payments platform many developers already use. Compare your method mix and verify each provider’s live Singapore fees on their own sites.
How much is PayNow on HitPay?
Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Source: the Singapore pricing page.
How much are cards on HitPay?
Online domestic cards are 2.8% + S$0.50; online international 3.65% + S$0.50; in-person domestic 2.5% + S$0.50. Foreign-currency transactions add 2%.
Can I switch from Stripe to HitPay?
Many merchants run HitPay for local methods while keeping other tools. Create a HitPay account, enable methods, connect plugins or the API, and cut over when ready. Stripe can stay active during the transition to handle refunds and open disputes.
Where is HitPay vs Airwallex?
For a Singapore treasury / multi-currency comparison, see HitPay vs Airwallex. Verify live fees on each provider’s pricing page.
Does HitPay charge a monthly fee?
No. There is no setup fee and no monthly subscription — you pay per successful transaction.
What is the payout timing on HitPay?
Non-card HitPay Balance is T+1 calendar day; Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case.
Is HitPay MAS-licensed?
Yes — Major Payment Institution PS20200643. Details on the licence and registrations page.
Still have questions?
Contact our team.
HitPay and Stripe both serve Singapore merchants, but they optimise for different jobs. HitPay is a MAS-licensed Major Payment Institution (PS20200643) with no monthly fee: online PayNow is 0.65% + S$0.30 for transactions of S$100 and above, or 0.9% (minimum S$0.20) below, and online domestic cards are 2.8% + S$0.50.
While both platforms process card payments and comply with Singapore’s regulatory requirements, they differ in three key areas:
Transaction fee structure
Settlement speed
Support for local payment methods
Choose Stripe when you need its global developer platform first — then confirm Stripe’s PayNow coverage and Singapore fees on Stripe’s own site. Choose HitPay when Singapore checkout conversion is the priority.
At a Glance
HitPay vs Stripe
Side-by-side comparison of the key differences for Singapore businesses.
Need
Lean HitPay
Lean Stripe
Primary job
Singapore checkout: PayNow, GrabPay, ShopeePay, BNPL, cards
Global cards and developer infrastructure
Fee model
Published per-transaction rates. No monthly fee
Confirm current Singapore pricing on Stripe’s own site
PayNow (online)
0.65% + S$0.30 from S$100; 0.9% (min S$0.20) below
Check Stripe’s PayNow coverage and fees on Stripe
Domestic cards (online)
2.8% + S$0.50
Verify on Stripe’s Singapore pricing
Local method breadth
PayNow and major local wallets on one HitPay account
Strong cards; confirm which SG methods you need
Payout
Non-card HitPay Balance T+1 calendar day
Confirm settlement terms with Stripe
Licence
MAS Major Payment Institution PS20200643
Check Stripe’s published Singapore regulatory wording
Also comparing Airwallex?
See the HitPay vs Airwallex page
Higher search volume than vs Stripe
Fit Assessment
Who Is Each Platform Designed For?
The right choice depends on your transaction profile and business model.
HitPay may be stronger if you:
✓
You need Singapore checkout conversion first (PayNow, GrabPay, ShopeePay, BNPL, cards) on one MAS-licensed account
✓
You run appointment, services, or higher-ticket SMB flows (links, invoices, Tap to Pay / POS) — not only low-AOV marketplace carts
✓
You want published per-transaction pricing with no monthly fee, and non-card HitPay Balance payout on the published SG schedule
✓
You may expand later, but Singapore is the economic core of the decision — not PH/MY/ID volume vanity
Stripe may be stronger if you:
✓
Already ship on Stripe’s global stack
✓
Need Stripe’s billing or marketplace products
✓
Have in-house developer resources
✓
Need highly custom API integrations
Getting Started
Setup & Support
How each platform handles onboarding and ongoing merchant support.
HitPay Setup
→
Often same-day approval for eligible businesses
→
Payment links available without code
→
E-commerce plugins supported
→
REST API available
Basic setup does not require developer resources.
Stripe Setup
→
Business day approval process
→
Hosted checkout available
→
Payment links available
→
Advanced integrations require developers
Higher customization flexibility but assumes technical involvement.
HitPay Support
→
Email and live chat (business hours)
→
Phone support for established accounts
→
English and Mandarin support
Singapore-based team familiar with local banks and MAS guidelines.
Stripe Support
→
Email support
→
Extensive documentation
→
English-language support
Strong developer documentation and global ecosystem.
Migration
Switching from Stripe to HitPay
Stripe can remain active during the transition period to handle refunds or disputes.
Migration Roadmap · Typically 2–4 weeks
1
Account Setup & Verification
Day 1
Create your HitPay account and complete business verification. Most partners are approved same-day.
2
Integration Testing
Days 2–5
Connect HitPay to your checkout flow using the API or one-click plugins. Test in sandbox before going live.
3
Data Export & Transition Planning
Week 1–2
Export your Stripe payment history, customer records, and subscription data. Plan your cutover date.
4
Parallel Operation Period
Week 2–3
Run HitPay for new transactions while Stripe remains active to handle existing refunds and open disputes.
5
Full Cutover
Week 3–4
Deactivate Stripe as your primary gateway. HitPay is now your full payment stack.
⚠
Subscription billing requires review
⚠
Integration code must be updated
⚠
Historical reporting remains separate
⚠
Reconciliation may span both platforms
Frequently Asked Questions
What is the difference between HitPay and Stripe in Singapore?
HitPay is a Singapore MAS-licensed Major Payment Institution focused on local acceptance — PayNow, wallets, BNPL and cards — with no monthly fee. Stripe is a global payments platform many developers already use. Compare your method mix and verify each provider’s live Singapore fees on their own sites.
How much is PayNow on HitPay?
Online from S$100: 0.65% + S$0.30. Below S$100: 0.9% (minimum S$0.20). In person: 0.4% (minimum S$0.10). Source: the Singapore pricing page.
How much are cards on HitPay?
Online domestic cards are 2.8% + S$0.50; online international 3.65% + S$0.50; in-person domestic 2.5% + S$0.50. Foreign-currency transactions add 2%.
Can I switch from Stripe to HitPay?
Many merchants run HitPay for local methods while keeping other tools. Create a HitPay account, enable methods, connect plugins or the API, and cut over when ready. Stripe can stay active during the transition to handle refunds and open disputes.
Where is HitPay vs Airwallex?
For a Singapore treasury / multi-currency comparison, see HitPay vs Airwallex. Verify live fees on each provider’s pricing page.
Does HitPay charge a monthly fee?
No. There is no setup fee and no monthly subscription — you pay per successful transaction.
What is the payout timing on HitPay?
Non-card HitPay Balance is T+1 calendar day; Card Balance is from T+1 business day, and Compliance may set the final card schedule case by case.
Is HitPay MAS-licensed?
Yes — Major Payment Institution PS20200643. Details on the licence and registrations page.
Still have questions?
Contact our team.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.
Ready to Move from Stripe?
Review your transaction size, payment mix, and settlement requirements. If your business is Singapore-focused, switching may better align with your operational model.