At a glance
The short version
What we liked
- No monthly fee and no setup fee, you pay only per transaction
- PayNow at 0.65% is far cheaper than taking the same sale on a card
- Singapore company, licensed by MAS as a major payment institution
- One account covers counter, online checkout and payment links
Where it falls short
- Not yet hands-on tested by us, research based for now
- The POS itself is thinner than a dedicated retail or F&B system
- Card rates are competitive, not market-leading
- A recurring complaint pattern about accounts being frozen with funds held
Bottom line If most of your takings are PayNow and cards in Singapore, HitPay is the cheapest sensible way to collect them, and the absence of a monthly fee means it costs nothing on a quiet month. Treat it as a payments product with a POS attached rather than a full retail system. If you need real stock control and F&B table management, look at StoreHub instead and keep HitPay for the payment layer.
The verdict
What HitPay is, and who it is for
HitPay is a Singapore payments company. It started as a way for small merchants to accept PayNow, cards and payment links without the paperwork of a traditional merchant account, and it has since added a point-of-sale app and card terminals on top. It is licensed by the Monetary Authority of Singapore as a major payment institution, which is the licence you want to see before you let a company hold your takings.
The commercial shape is the point. There is no monthly fee and no setup fee. You pay only when a payment goes through, which means a slow month costs you nothing, and it makes HitPay unusually well suited to a young business, a weekend stall, or anyone whose revenue is lumpy. Compare that to a conventional POS subscription, which bills you the same in a dead month as in a busy one.
Where it is genuinely strong is PayNow. At 0.65% plus S$0.30 on a sale of S$100 or more, a PayNow transaction costs a fraction of what the same sale would cost on a card, and in a market where customers reach for a QR code by reflex, that difference compounds fast. Where it is thinner is the POS itself: it handles a counter, a receipt and a basic product list well, but it is not a stock-control or table-management system, and you should not buy it expecting one.
We have assessed HitPay from its published pricing, its MAS licensing record and named public reviews rather than a full hands-on run, so it carries a research based score. When we run it on a real counter, we will update the review and re-date it.
Pricing
What HitPay actually costs
Verified against HitPay’s own published pricing, July 2026. No monthly or setup fee; you pay per transaction. Rates change, so check before you commit.
| Payment method | Rate | Applies to | Notes |
|---|---|---|---|
| PayNow QRThe reason to use it | 0.65% + S$0.30 | Sales of S$100 and above | The cheapest way to take money at a counter in Singapore |
| PayNow QR | 0.9% min S$0.20 | Sales below S$100 | The percentage is higher, but the cash cost stays small |
| Cards, in person | 2.5% min S$0.20 | Terminal and Tap to Pay | Domestic cards |
| Cards, online | 2.8% + S$0.50 | Domestic cards | Checkout and payment links |
| Cards, international | 3.65% + S$0.50 | Overseas cards | A further 2% applies on foreign currency |
The tiered PayNow rate is worth understanding, because it is the single figure most people get wrong about HitPay, and you will find both numbers quoted online as if they contradict each other. They do not. Above S$100 you pay 0.65% plus S$0.30; below S$100 you pay 0.9% with a S$0.20 minimum. On a S$12 coffee that is about 20 cents. On a S$400 sale it is about S$2.90, against roughly S$10.50 if the same customer had tapped a card.
That gap is the whole argument for HitPay. If your customers pay by QR, you keep more of each sale. If your customers overwhelmingly tap international cards, the maths is much less exciting and you should compare it against whatever your bank offers.
SG & MY compliance
The local checks that matter
Who it is for
Buy it, consider it, or skip it
Buy it if
- Most of your takings are PayNow
- You want no monthly fee
- You are a young or seasonal business
- You sell at a counter and online
Great fit for
- SG cafes, stalls and small retail
- Service businesses invoicing by link
- Weekend markets and pop-ups
- Anyone with lumpy revenue
Skip it if
- You need real stock control
- You run an F&B floor with tables
- Your sales are mostly overseas cards
- You are based in Malaysia
Alternatives
If HitPay is not the one
StoreHub
Point of Sale
A proper retail and F&B POS with stock control, if the counter software matters more than the payment rate.
Xero
Accounting
Where the takings should end up. Our top pick for GST filing and InvoiceNow.
SiteGiant
Multichannel
If your sales are really happening on Shopee and Lazada rather than at a counter.
FAQ
Questions buyers ask us
What does HitPay charge for PayNow?
Does HitPay charge a monthly fee?
Is HitPay safe to use?
Is HitPay a real POS system?
HitPay or StoreHub?
Researched and written by
Wei Chun
Founder & Editor
How this stays free: some links on this page are affiliate links, and we may earn a commission if you sign up through one, at no extra cost to you. This is a research based assessment, not a hands-on test yet, and we say so above. Our verdict is honest and never for sale. Full terms in our editorial policy and affiliate disclosure.