PayMongo vs Xendit 2026: Which Payment Gateway for the Philippines?
A neutral PayMongo vs Xendit comparison for Philippine businesses — card and e-wallet fees, GCash/Maya/QR Ph coverage, settlement speed, and which fits a domestic store versus an ASEAN-wide expansion.
For a Philippines-only business that wants transparent, published pricing and a fast start, PayMongo is the simpler fit; for a business that needs the widest payment-method coverage or plans to expand across Southeast Asia on one integration, Xendit is the stronger platform — at the cost of custom (quote-based) pricing.
PayMongo
Filipino payment gateway SaaS for Shopify, e-commerce, and SaaS businesses
PayMongo is a Manila-headquartered payment gateway and merchant SaaS that lets Filipino online businesses accept GCash, Maya, GrabPay, credit cards, online banking, and OTC payments through one API and dashboard. Used by 25,000+ Philippine SMEs and Shopify merchants as the local alternative to Stripe (which has limited PH coverage).
PayMongo is the default Filipino payment gateway for online businesses, and it publishes a full per-method rate card rather than one blended MDR. Read on paymongo.com/pricing on 2026-09-14: QR Ph 1.34% both in-store and online, local Visa and Mastercard 3.125% + PHP 13.39, international cards 4.02% + PHP 13.39, GCash 2.23%, Maya 1.79%, GrabPay 1.96% and ShopeePay 1.70%, all exclusive of VAT with no setup or monthly fee. QR Ph — the Bangko Sentral-mandated national QR standard — is the cheapest method on the page, at roughly two-fifths of the local card rate. For a Manila Shopify seller, PayMongo unlocks the buyers who pay with GCash, Maya, QR Ph or OTC instead of a credit card. Stripe in the Philippines covers cards but misses the dominant local rails entirely. Xendit is the cross-border SEA alternative; PayMongo is the right pick for Philippines-domestic operations.
- ✓Choose if: Your market is the Philippines and you want the domestic rails without complexity.
- ✓Choose if: You want transparent, published pricing you can calculate before signing up.
- ✓Choose if: You want to launch quickly with payment links, a hosted storefront, or a simple plugin.
Xendit
Payments infrastructure built for Indonesia, the Philippines, and the rest of SEA
Xendit is a payments platform operating in Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore and Hong Kong, offering 100+ payment methods: cards, e-wallets (OVO, GoPay, GCash, Maya, ShopeePay), QRIS, QR PH, virtual accounts and more. Pricing is per transaction (a processing fee plus a payment-method or payout fee) with free sign-up; it is licensed by the Bank of Thailand, and Xendit Philippines Inc and XenRemit, Inc are regulated by the Bangko Sentral ng Pilipinas.
Xendit publishes one rate card covering Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore and Hong Kong, so a team expanding from Indonesia into the Philippines keeps one provider for QRIS, QR PH and the regional e-wallets. It is licensed by the Bank of Thailand, and its Philippine entities are regulated by the Bangko Sentral ng Pilipinas. Sign-up is free; every fee is per transaction.
- ✓Choose if: You need the widest PH method coverage, including QR Ph, bank rails and virtual accounts.
- ✓Choose if: You plan to expand across Southeast Asia and want one gateway for several markets.
- ✓Choose if: You have the volume to negotiate custom rates and an engineering team to use a broader API.
Deep Dive Comparison
Both are Southeast Asian gateways, but their centre of gravity differs. PayMongo is Philippines-focused and domestic-first — excellent if the Philippines is your market, less relevant elsewhere in SEA. Xendit operates across the Philippines, Indonesia, Malaysia, Thailand and Vietnam, so it is the better base if you want one provider as you move into other ASEAN markets.
PayMongo covers the core Philippine rails: cards, GCash, Maya, GrabPay and over-the-counter options (7-Eleven, Cebuana, M Lhuillier). Both take QR Ph. Xendit covers those plus direct debit and bank rails (BPI, UnionBank) and virtual accounts, and mirrors that depth in other SEA markets — so it localizes more broadly across the region.
PayMongo publishes its rates: 3.125% + ₱13.39 per domestic card transaction, 4.02% + ₱13.39 on international cards, 2.23% on GCash, 1.79% on Maya and 1.34% on QR Ph, all excluding VAT, with no setup or monthly fee (read on PayMongo's pricing page, 17 September 2026). Xendit's Philippine rate card could not be read when this comparison was checked, so take Xendit's price from its own pricing page or a quote on your payment mix. Confirm live rates with each provider before committing.
PayMongo offers a clean API, no-code payment links and a hosted Storefront, plus plugins for common carts — enough for most Philippine stores. Xendit offers a broader API surface (payments, payouts, disbursements, recurring) and more method endpoints, which suits engineering teams building custom or multi-country flows.
"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.
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The questions operators actually ask.
Which is cheaper, PayMongo or Xendit?
It depends on your payment mix. PayMongo publishes standard rates — 3.125% + ₱13.39 per domestic card, 2.23% on GCash, 1.79% on Maya and 1.34% on QR Ph, excluding VAT — so it is easy to estimate up front. Xendit's Philippine rate card could not be read when this was checked in September 2026, so get its rate from Xendit directly. For a small domestic store, PayMongo's published pricing is usually the simpler call; at scale, get a Xendit quote and compare on your actual mix.
Do both support GCash and Maya?
Yes. Both PayMongo and Xendit support the main Philippine e-wallets — GCash and Maya — as well as cards and GrabPay. Both take QR Ph; Xendit additionally covers more bank/virtual-account rails, while PayMongo adds over-the-counter channels such as 7-Eleven, Cebuana and M Lhuillier.
Which should I pick if I plan to expand beyond the Philippines?
Xendit. It operates across the Philippines, Indonesia, Malaysia, Thailand and Vietnam, so a single integration can follow you as you expand into other Southeast Asian markets. PayMongo is Philippines-only, which is an advantage for focus but means a second provider if you go regional.
Is there a third option with published Philippine rates?
Yes, two are worth pricing against PayMongo. HitPay publishes GCash at 2.3% online and 2% in person, QR Ph at 1% or ₱20 (whichever is higher) and local cards at 3% + ₱15 online, with no setup or monthly fee, and takes online and in-person payments on one account. Maya Business publishes rates starting at 1.0% for Maya QR and QR Ph, 2% for GCash and 3.50% + ₱10 for online cards. Both rate cards were read on 17 September 2026. On QR Ph the cheaper one depends on ticket size: below about ₱1,490, PayMongo's 1.34% beats HitPay's ₱20 minimum, and above it HitPay's 1% is cheaper.