Midtrans vs Paycycle
Midtrans
midtrans.com
Paycycle
paycycle.co.zaSide by side
| Figure | Midtrans | Paycycle |
|---|---|---|
| Price from | Free | 285 ZAR/mo |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | — |
| Plans published | 8 | 6 |
| Spec score · Payment Processing Software | 9.0 (#5) | 8.0 (#24) |
| Headquarters | Pasaraya Blok M, Building B, Jl. Iskandarsyah II No. 2, South Jakarta 12160, Indonesia | Bryanston, South Africa |
| Purpose | Midtrans helps businesses accept payments through cards, bank transfers, e-wallets, over-the-counter payments, and other methods. | Paycycle connects payment workflows around Xero for South African businesses and accounting practices. |
| Support | Midtrans lists support for technical integration, registration, payment methods, transactions, pricing, withdrawals, and account changes; its contact page gives weekday and weekend support hours. | Paycycle Complete includes priority email and phone support. |
Plans
Midtrans
- Pay per successful transactionFree
- DANA1.50 IDR, paid once
- GoPay2 IDR, paid once
- ShopeePay2 IDR, paid once
- QRIS7 IDR, paid once
- OVO15 IDR, paid once
- Bank-transfer virtual accounts4,000 IDR, paid once
- Cards292,000 IDR, paid once
Paycycle
- Pay NowFree
- Supplier & Employee OnboardingFree
- Payroll Payments285 ZAR a month
- Supplier Payments285 ZAR a month
- Automated Collections585 ZAR a month
- Paycycle Complete1,450 ZAR a month
In their own words
Midtrans
Midtrans helps businesses accept payments through cards, bank transfers, e-wallets, QRIS, over-the-counter payments, cardless credit, direct debit, and other methods. Merchants can select from 25 payment methods and enable all or only those they need. Snap supplies a checkout interface for websites and mobile apps; Core API lets a business build its own payment flow. Merchants can also create a payment page link in the dashboard without code and share it with customers.
For ecommerce, Midtrans documents plugins for WordPress WooCommerce, Magento, PrestaShop, OpenCart, and WHMCS, along with integrations for Shopify, Sirclo, and Jejualan. Android and iOS SDKs support native in-app payments. Recurring charges can collect fixed subscription amounts at selected intervals and retry failures, though only some payment channels support them. Midtrans says it screens every transaction for fraud using machine learning and analyst-defined rules. It is available on Android, iOS, web, and through an API. Setup is free, with charges on successful transactions; pricing starts from 4,000 IDR, and fees can differ for gaming and digital product companies.
Paycycle
Paycycle connects payment workflows around Xero for South African businesses and accounting practices. It brings approved supplier bills from Xero into payment runs and reconciles completed payments back to Xero. For payroll, it imports approved employee pay runs from SimplePay for review, authorisation and payment. Its collections tools handle electronic mandates, recurring collections, failed-payment follow-up and reconciliation. Pay Now can be added to Xero invoices so customers can pay without logging in or setting up a new beneficiary.
Supplier and employee bank accounts are checked through AVS before payment. Payments use a direct route where supported, or a funded pass-through settlement route where required. Listed supplier-payment rails include PayShap, Investec Open Banking, Paycycle Payments and Netcash Payments. Paycycle describes an AI reconciliation engine that reviews bank feeds, resolves exceptions and closes month-end reconciliation in under a minute. Listed controls include encrypted and masked bank details, controlled approvals, tamper-evident records and an audit trail. The web service offers free modules and paid plans; prices range from free to 1,450 ZAR a month.