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Payment Processors Business Application Guide

Step-by-step guide on requirements and fees when applying as a business for major payment processors in the Philippines: GCash, Maya, HitPay, PayMongo, Xendit, PesoPay, UnionBank SecurePay, and Mochi.

What you’ll learn in this payment processors guide

This payment processors business application guide for the Philippines summarizes requirements and typical fees for GCash, Maya, HitPay, PayMongo, Xendit, PesoPay, UnionBank SecurePay, and Mochi so you can choose the right mix for your MSME.

To see how these providers fit into real operations, you can also read our GCash / Digital Payments vs Cash Guide, Grab and Foodpanda Business Guide, and Business Registration & Bank Account Guide.

To estimate your net income after transaction fees under different mixes of GCash, cards, and bank transfers, you can also use our Budget Calculator to model sales, fees, and payout amounts per month.

Important Overview

This guide focuses on business applications (not personal accounts) for MSMEs in the Philippines. Most modern FinTech payment processors do not charge setup or monthly fees, but earnings are subject to standard transaction fees that vary per channel (card, QR, e-wallet, bank).

Step-by-step Requirements for Business Application

GCash

Register your business with DTI or SEC.
Prepare BIR Certificate of Registration (Form 2303).
Provide proof of bank account (e.g., passbook or bank statement).
Submit a government-issued ID of the authorized person.
Complete and submit the GCash Business application form and Scan-to-Pay application.
Wait for approval and onboarding.

Maya Business

No account opening fees.
Register as a business (DTI, BIR registration).
Provide business documents during onboarding.
Use a Maya Business account (no minimum balance requirement).
Start accepting payments; transaction fees apply per channel.

HitPay

Sign up online and provide business details.
Upload required business documents for verification.
No setup or monthly fees.
Pay only transaction fees when customers pay you.
Approvals are done after document submission and review.

PayMongo

Complete online signup for a business account.
Upload business registration documents (DTI/SEC, BIR, IDs).
No setup or monthly fees.
Charges apply only per successful transaction.

Xendit

Create an account and provide business documents.
No setup or monthly fees.
Fees are charged per transaction.
Supports multiple payment methods including cards and e-wallets.

PesoPay

Prepare detailed business documents (SEC or DTI, GIS, Mayor's permit, BIR certificate, photo ID).
Submit application for internal review and approval.
Annual setup charge applies.
Transaction commission based on payment channels.
Chargeback fees may apply.

UnionBank SecurePay

Must have an eligible UnionBank business account.
Submit corporate documents for verification.
One-time account opening deposit required.
Fees apply based on transactions and account balance conditions.

Mochi

Focuses on invoicing and payment integration with gateways like Xendit and PayMongo.
No separate payment processing account; uses partner processors.
Offers subscription plans with additional fees on transactions.

💰 Fees Summary Table

Summary of typical setup, monthly, and transaction fees. Actual rates may change, so always confirm with the official website or account officer.

Payment Processor	Setup Fee	Monthly Fee	Transaction Fee Details	Other Notes
GCash	None (some payment types have fees)	None	Around 2.3% for GCash transactions	One-time fee for foreign currency wallets; tax compliance is typically automated.
Maya	None	None	Up to 3.5% MDR + ₱10 per card transaction; around 1.5% for QR payments	₱5 service fee on some bank transfers.
HitPay	None	None	3% + ₱15 per card transaction; ~2.3% per GCash transaction	Foreign currency surcharge around 2%.
PayMongo	None	None	3.5% + ₱15 per card transaction; around 2.5% for GCash	No setup/monthly fee; transaction-based pricing.
Xendit	None	None	~3.2% + ₱10 for local cards; ~2.3% for GCash; ~4.2% + ₱10 for international cards	Transaction fees only, multiple channels supported.
PesoPay	Annual setup fee (varies)	None	Transaction commission varies; banks may add fees	Chargeback fees can apply depending on bank rules.
UnionBank SecurePay	₱5,000 account opening deposit	None	No monthly fee, but charge of around ₱1,000 if balance falls below minimum for 2 months	Free local PESONet transfers; InstaPay fee around ₱10 per transfer.
Mochi	Free trial available	Subscription-based	Around 0.2% fees on top of invoice amounts via Xendit integration	Integrates with other gateways like Xendit and PayMongo.

Note: This summary is for guidance only and may change without prior notice. Always check the latest pricing and terms from the official payment processor websites or your assigned account manager.

Good to Know

This guide covers the main requirements and fee structures for each payment processor suitable for small to medium businesses in the Philippines. Most FinTech options do not charge setup or monthly fees; instead, they earn from transaction fees, which vary by channel and provider.