Revolut vs Wise in Malaysia: Features, fees and availability
Learn more about Revolut and Wise, including exchange rate comparisons, and whether the product can be used in Malaysia,
Looking for the cheapest and best online shopping Malaysia has to offer? We’ve got it all covered here. From Korean skincare to the latest electronics, hot fashion items to vintage collectibles - you’ll find it all. Read on for a full review of the top online shopping in Malaysia right now.
We'll also introduce the Wise account and card, as a perfect way to spend online - especially in foreign currencies. Use your Wise card to buy online, and you'll always get the mid-market rate and low fees from 0.77%.
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Shopee is the leading ecommerce site in the region - and sells pretty much anything you could possibly want, as well plenty of things you never even knew existed🛍
Shopee sells clothing, homeware, electronics, accessories and more - and you can often see the most commonly bought items from a seller, to check which are selling higher volumes and are better rated by previous customers. There are also Shopee Mall sellers which are official brands selling through the platform.
Shopee stands out as it offers a rewards program - Shopee Coins - which lets users earn benefits by spending, playing games, giving product ratings and watching live events. Redeem your rewards against purchases in future.
Lazada was founded in Singapore in 2012 and is owned by the Alibaba group. A pioneering ecommerce platform, Lazada is now one of the biggest in Southeast Asia, with huge sales volumes and a loyal customer base.
You can buy pretty much anything through Lazada, across LazMall, local sellers and LazGlobal. LazMall offers premium brands through authorised sellers, local brands - as the name suggests - are based here in Malaysia, while LazGlobal features sellers from China and elsewhere in the region.
Taobao is another giant in ecommerce. Founded in 2003, and owned by the Alibaba group, there’s not much you won’t find on sale here. The sheer range of items means you’ll almost certainly find bargains across all categories - but this volume does also mean that quality and pricing varies widely.
There are a couple of challenges when shopping with Taobao - firstly the site is in Chinese only, and secondly, shipping can be tricky or prohibitively expensive as goods come almost exclusively from China. To resolve these issues there are agents in Malaysia who can help you consolidate purchases, arrange shipping, and manage quality checks - and there’s always Google Translate if you’re struggling with Mandarin language. Well worth a dig around if you like a good bargain hunt.
Check out our guide on how to shop on Taobao in Malaysia
Temu sells a staggering range of products, from sports gear to furniture, electronics, health items, pet supplies, jewelry and office supplies. The site hosts flash sales and regular promotions, where the prices can fall dramatically on select items, making this a good choice if you’re on the hunt for a bargain. While promotional deals change all the time, you might also find you qualify for free shipping or returns, if you’re a new customer.
Carousell was set up in Singapore in 2012, and offers users the opportunity to buy and sell online and using the app. You can sell items as an individual - if you’re having a home clearout for example - and buyers can choose between listings from individuals and some business listings too.
Categories are as diverse as fashion, cars and property, and home and living - you can even offer services and look for jobs on the site. Some items are sold with Carousell protection - this means you pay Carousell for the item and the money is held until you have verified that you received the product and check it’s what you were expecting. If you’re buying something expensive, looking for this protection can be a smart move.
Zalora is home to clothing, beauty & lifestyle products, from sportswear to designer and high end items. The site caters to women, men and kids, and has beauty finds including skin and haircare, fragrances and gifts.
There’s everything from lower price options to luxe brands you’ll know and love, giving a good range of pricing for all your essentials (and those not so essentials, too).
Althea Korea is the place to head if you’re after Korean beauty brands, shipped direct from Korea, and with a guarantee of authenticity. Althea operates across Malaysia, Singapore, Philippines, Indonesia and Thailand, as well as having a US/global brand for other regions of the world.
Anything beauty and skincare you’ll find here - from trendy makeup to skincare tailored to specific problem areas, with famous and exclusive brands on offer.
Amazon - despite being a global giant, Amazon isn’t as popular in Malaysia as you might expect. There’s not much of a local Amazon presence, meaning that you’re most likely to need to shop on the Amazon global site to find sellers who can ship internationally, or look at a local marketplace like Amazon Singapore, and find sellers willing to ship cross border there. Either way, the international shipping can bump up the costs.
All that said, if it exists, you’ll find it being sold on Amazon somewhere, so if you’re struggling to find something you really want locally - this is the place to look.
eBay is one of the best known marketplace and auction websites around the world - although more established in the US and Europe than in Southeast Asia. Operating since 1995, eBay has a mix of auction style listings and Buy Now options where the price is fixed for the buyer.
If you’re bidding in an auction style listing, there may be a fixed reserve price or simply a minimum starting bid - this can mean you get some great bargains - as long as you don’t get carried away by the excitement of bidding.
Shopping online let's you buy from retailers all over the world. However, you might incur high foreign transaction fees when you pay in a different currency. Many card issuers add a foreign transaction fee of around 1-3% - and can make a bargain less of a bargain in the end.
Cut these fees and costs out completely with a smart and convenient way to spend - introducing the Wise card.
The Wise card is a simple and cheap way to make online payments in 40+ currencies. All you need to do is to sign up for a free Wise account and top-up in MYR to get started. You'll be able to order up to 3 free virtual Wise cards with unique card details, so you can make convenient and secure online payments whenever you need. Manage, freeze, and delete your virtual cards using the handy Wise app.
Choose to spend directly in MYR and let Wise's auto conversion do the trick, or convert to your desired currency in advance. Either way, you’ll get the mid-market rate, with low, transparent fees from 0.77%.
So there you have it, the very best online shopping Malaysia has - all in 9 great, but very different sites.
Check out the ones which appeal to you - and don’t forget, if you’re spending internationally, you need the multi-currency account and card from Wise, so you can spend less and buy more.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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