As the e-commerce industry continues to grow in India, the need for a secure and efficient payment gateway provider is at an all-time high. With a wide range of payment gateway providers available, choosing the right payment gateway for your business can be challenging. In this article, I have compiled a list of the best payment gateway providers in India that you can integrate your website or app with, for a seamless customer payment experience.
1. Razorpay
Razorpay is a user-friendly payment gateway in India providing a seamless payment gateway experience to its customers. Razorpay provides a plethora of options to its merchants like net banking, debit and credit cards, upi and wallets. The onboarding experience for new customers is completely online and quick making it one of the best payment gateway providers in India.
Another option that Razorpay provides is to generate payment links from the dashboard through which the customers can make payments. Merchants can also accept international payments from their customers using these links.
Razorpay also has the provision to set up payment pages in case you do not have a website to accept payments making it an ideal choice for individuals with small businesses and freelancers.
Integration of Razorpay payment gateway is possible on websites and mobile applications through their apis and plugins making it developer friendly.
Setup Fee: None
Annual Maintenance Fee: None
Transaction Fee: 2-3% depending on the payment method
2. PayU
PayU is another comprehensive payment gateway provider in India for ecommerce requirements. PayU offers UPI, credit/debit cards, net banking and mobile wallets as payment options.
Through its dashboard, PayU provides payment reports making it easy for businesses to track and manage their transactions.
Setup Fee: 0 for basic, Rs. 1121 for Business Plus and Rs. 1770 for Business Premium plan
Annual Maintenance Fee: None
Transaction Fee: 2-3% depending on the payment method
3. CCAvenue
CCAvenue is one of the best payment gateway providers in India offering over 150 payment options. It claims to have a fast online signup process with minimum documentation and 100% digital KYC at zero cost.
CCAvenue offers upi, net banking, credit and debit cards and wallets as payment options for customers. CCAvenue was founded in 2001 and is India’s leading payment gateway enabling digital payments acceptance for millions of businesses worldwide.
Setup Fee: Rs. 0 for Startup pro, Rs. 30,000 for privilege plan
Annual Maintenance Fee: Yes
Transaction Fee: 2-3% depending on the payment method
4. Instamojo
An all in one D2C Tech platform, Instamojo provides ecommerce brands and startups with online stores, landing pages and payment solutions. Instamojo provides a comprehensive suite of products and services to run your ecommerce business.
Instamojo was started in 2012 and has a list of marquee clients like Asian Paints, Dunzo and Porter.
Setup Fee: No
Annual Maintenance Fee: No
Transaction Fee: 2% + Rs. 3 for physical goods and 5% + Rs. 3 for digital files and goods
5. Paytm
Paytm is a popular payment gateway in India offering payment solutions for businesses. Paytm offers 100+ payment sources, easy integration and instant activation making it one of the best payment gateway providers in India.
Paytm claims to have the highest payment success rates driven by 250mn+ saved cards, 100mn+ saved bank accounts and 15mn UPI ids and Paytm’s in-house banking infrastructure.
Setup Fee: No
Annual Maintenance Fee: No
Transaction Fee:
0.40% on transaction amount upto Rs. 2000 and 0.90% on transaction amount greater than Rs. 2000 – for debit cards
1.99% – for credit cards
With the growing ecommerce trend in India, payment gateway is an indispensable tool to power your ecommerce website or app. It is an essential tool for any business looking to accept online payments from their customers.
If you are a business looking for a secure, hassle-free payment gateway provider in India, you can safely choose one from the list provided to kickstart your ecommerce business.
