Payment gateway in the Philippines: PayMongo, Dragonpay, Xendit, PayPal and Stripe compared
Short answer
As of 12 Oct 2026, PayMongo publishes peso fees (for example GCash 2.23%, Maya 1.79%, cards 3.125% plus PHP 13.39, before VAT). PayPal lists 3.40% plus PHP 15.00 for domestic payments in the Philippines. Dragonpay now routes merchant sign-up and pricing through Xendit, whose pages blocked this site’s reader. Stripe’s global page did not list the Philippines among countries where accounts can be created. All of these send webhooks. No gateway was tested.
On this page
Comparison basis
- Sources
- Each provider’s own fee, product and developer pages, read 12 Oct 2026
- Currency
- PayMongo and PayPal list pesos. No conversion was needed
- Selection criteria
- Peso fee published, payment methods, Philippine sign-up, webhooks
- Testing
- None. No account was opened and no fee was verified by a live transaction
- Not read
- Xendit’s pricing and product pages (HTTP 403). Dragonpay’s fees (not shown)
- Taxes
- PayMongo states its prices exclude VAT. Check each provider’s VAT treatment
Which gateway for which situation
The vendors’ pages support only conditional statements.
- Peso fees you can read today. PayMongo and PayPal publish them. Compare against your own mix of payment methods.
- Shoppers who pay at banks or counters. Dragonpay describes online banking and over-the-counter channels. Sign-up now runs through Xendit.
- Stripe. Check eligibility first. The global page did not list the Philippines.
- A Philippine business selling abroad. PayPal lists a higher fee for international payments and a currency conversion rate.
Fees side by side
| Gateway | Cards | GCash | Maya | Other lines read |
|---|---|---|---|---|
| PayMongo | 3.125% + PHP 13.39 (Visa, Mastercard). International cards 4.02% + PHP 13.39 | 2.23% | 1.79% | QR Ph 1.34%, GrabPay 1.96%, ShopeePay 1.70%, online banking 0.71% or PHP 13.39, BillEase 1.34% |
| Dragonpay | Not read | Not confirmed | Not confirmed | Fees are per channel in pesos, figures not shown |
| Xendit | Not read | Not read | Not read | Pages returned an access block |
| PayPal | Not read | Not read | Not read | Receiving payments: 3.40% + PHP 15.00 domestic, 4.40% + fixed fee international. Currency conversion 3.0% above base rate |
| Stripe | Not read | Not read | Not read | Philippines not listed as available |
Swipe the table sideways to see all columns.
Last verified: 12 Oct 2026. PayMongo’s fees exclude VAT. The PayPal figures are for receiving payments, from its Philippine merchant fees page, and the page was truncated in places.
PayMongo
PayMongo’s pricing page lists no setup, monthly or hidden fees on the standard plan, and says all prices exclude VAT. The one-time account KYC is PHP 30. Payouts and transfers are PHP 10 a transaction through InstaPay or PESONet. Its home page says it accepts cards, e-wallets, online banking, QR Ph and buy-now-pay-later, naming GCash and Maya and the banks BDO, BPI, Landbank, Metrobank and UnionBank. Over-the-counter payments were not mentioned on either page. PayMongo’s documentation covers webhooks, including pages for creating an endpoint, retry logic and testing.
Dragonpay
Dragonpay’s home page describes accepting payments through e-wallets, credit card, online banking or over-the-counter payment centers. It names no specific banks or partners, and GCash is not mentioned in the text read. Its pricing and requirements pages state that Dragonpay is a Xendit company regulated by the Bangko Sentral ng Pilipinas, and that merchant applications, onboarding, pricing and integration are now handled through Xendit. The page says fees are charged per channel in pesos and lists no amounts. For “Dragonpay” queries, that means the next step is Xendit’s merchant sign-up, not a separate Dragonpay form.
Xendit
Xendit’s Philippine pages (pricing and product pages) returned HTTP 403 to this site’s reader, so no fee, payment method or sign-up requirement is quoted from them. Search excerpts of Xendit’s pages showed GCash and Maya rates that did not agree with each other, which is a reason to take the figures from Xendit’s current pricing page or its sales team, not from a third-party summary.
PayPal
PayPal’s Philippine merchant fees page lists a domestic rate of 3.40% plus a fixed fee for payments received, 4.40% plus a fixed fee for international payments, and a fixed fee of PHP 15.00 for pesos. Converting a received balance into another currency is 3.0% above the base exchange rate for Asia Pacific. Withdrawal to a bank in pesos has no fee above PHP 7,000 when no conversion is involved, and PHP 50.00 below that. PayPal’s webhooks documentation says it POSTs to your listener URL for subscribed events, retries up to 25 times over 3 days, and offers two ways to verify a message.
Stripe
Stripe’s global page lists countries where accounts can be created, including Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore and Thailand, with India and Indonesia marked as preview. The Philippines was not listed on 12 Oct 2026. Stripe’s Philippine landing page did not say either way. Confirm with Stripe before planning around it, since its availability list can change.
Payment methods covered
| Method | PayMongo | Dragonpay | Xendit | PayPal | Stripe |
|---|---|---|---|---|---|
| GCash | Listed | Not confirmed | Not read | Not read | Not read |
| Maya | Listed | Not confirmed | Not read | Not read | Not read |
| Cards | Listed | Listed | Not read | Not read | Not read |
| Online banking | Listed | Listed | Not read | Not read | Not read |
| Over the counter | Not mentioned | Listed | Not read | Not read | Not read |
Swipe the table sideways to see all columns.
PayPal’s fee page did not list payment methods such as GCash, Maya or banks. For how a business accepts GCash directly, see GCash’s own pages.
Connecting a gateway to automation
Every provider above documents webhooks or callbacks, except Xendit, whose pages were unreadable. A workflow tool such as n8n or Zapier can receive the webhook, check the signature and then update an order sheet, send a receipt or notify staff. Two cautions: verify each message before trusting it, and use the retry or resend tools listed in the provider’s documentation for missed events. Workflow automation for small business covers where such steps fit.
Frequently asked questions
What is the best payment gateway in the Philippines?
No gateway was tested, so none is ranked. PayMongo and PayPal publish peso fees, so you can compute your own costs. Dragonpay and Xendit need a quote.
How much does PayMongo charge for GCash?
PayMongo’s pricing page lists GCash at 2.23% and Maya at 1.79%, excluding VAT, when read on 12 Oct 2026.
Is Dragonpay the same as Xendit?
Dragonpay’s site says it is a Xendit company and that merchant applications, onboarding, pricing and integration are handled through Xendit.
Can a Philippine business use Stripe?
Stripe’s global page did not list the Philippines among countries where accounts can be created. Confirm with Stripe.
What does PayPal charge in the Philippines?
For receiving payments, 3.40% plus PHP 15.00 domestic and 4.40% plus a fixed fee international, per PayPal’s merchant fees page.
Do payment gateways send automatic notifications?
PayMongo and PayPal document webhooks. Xendit’s documentation was not readable.
Sources
All sources were read on 12 Oct 2026, except the Xendit pages named above as unreadable.
- PayMongo, Pricing, home page and Webhooks documentation.
- Dragonpay, Home page, Pricing and Requirements.
- PayPal, Philippines merchant fees and Webhooks.
- Stripe, Global availability and Philippines page.
- Xendit, Philippines site: returned HTTP 403.